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Loss Reserves (Details) (USD $)
12 Months Ended
Dec. 31, 2013
Loan
Dec. 31, 2012
Loan
Dec. 31, 2011
Loan
Dec. 31, 2010
Dec. 31, 2009
Loss Reserve [Roll Forward]          
Reserve at beginning of period $ 4,056,843,000 $ 4,557,512,000 $ 5,884,171,000    
Less reinsurance recoverable 104,848,000 154,607,000 275,290,000    
Net reserve at beginning of year 3,951,995,000 [1],[2] 4,402,905,000 [1],[2] 5,608,881,000 [1]    
Losses and LAE incurred in respect of default notices received in [Abstract]          
Current year 898,413,000 1,494,133,000 1,814,035,000    
Prior years (59,687,000) [3] 573,120,000 [3] (99,328,000) [3]    
Subtotal 838,726,000 [4] 2,067,253,000 [4] 1,714,707,000 [4]    
Losses and LAE paid in respect of default notices received in [Abstract]          
Current year 73,470,000 134,509,000 121,383,000    
Prior years 1,722,923,000 [5] 2,389,985,000 [5] 2,838,069,000 [5]    
Reinsurance terminations (2,988,000) [6] (6,331,000) [6] (38,769,000) [6]    
Subtotal 1,793,405,000 [7] 2,518,163,000 [7] 2,920,683,000 [7]    
Net reserve at end of period 2,997,316,000 [2] 3,951,995,000 [1],[2] 4,402,905,000 [1],[2] 5,608,881,000 [1]  
Plus reinsurance recoverables 64,085,000 104,848,000 154,607,000 275,290,000  
Reserve at end of period 3,061,401,000 4,056,843,000 4,557,512,000 5,884,171,000  
Loss reserve reduction from rescission 100,000,000 200,000,000 700,000,000 1,300,000,000  
Reduction in estimated rescissions   200,000,000      
Paid losses mitigated by rescission amount 100,000,000 300,000,000 600,000,000    
Payment under the Freddie Mac settlement agreement 41,000,000 100,000,000      
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]          
Change in loss reserves (60,000,000) 573,000,000 (99,000,000)    
Obligations under the disputed policies   267,000,000      
Historical average period for uncured default to develop into paid claim 12 months        
Premium refund liability, expected claim payments 131,000,000 134,000,000      
Primary Default Inventory [Roll Forward]          
Default inventory at beginning of period 139,845 175,639 214,724    
New Notices 106,823 133,232 169,305    
Cures (104,390) (120,248) (149,643)    
Paids (including those charged to a deductible or captive) (34,738) (45,741) (51,138)    
Rescissions and denials (1,939) (3,037) (7,609)    
Items removed from inventory resulting from the Countrywide settlement on GSE loans (2,273) 0 0    
Default inventory at end of period 103,328 139,845 175,639 214,724  
Number of rescindable loans affected by Company's decision to voluntarily suspend rescissions 1,500        
Pool insurance notice inventory [Abstract]          
Pool insurance notice inventory (in number of loans) 6,563 8,594 32,971    
Aging of the Primary Default Inventory [Abstract]          
3 months or less 18,941 23,282 31,456    
3 months or less (in hundredths) 18.00% 17.00% 18.00%    
4 - 11 months 24,514 34,688 46,352    
4 - 11 months (in hundredths) 24.00% 25.00% 26.00%    
12 months or more 59,873 81,875 97,831    
12 months or more (in hundredths) 58.00% 58.00% 56.00%    
Total primary default inventory 103,328 139,845 175,639 214,724  
Total primary default inventory (in hundredths) 100.00% 100.00% 100.00%    
Primary claims received inventory included in ending default inventory 6,948 [8] 11,731 [8] 12,610 [8]    
Primary claims received inventory included in ending default inventory (in hundredths) 7.00% [8] 8.00% [8] 7.00% [8]    
Number of payments delinquent [Abstract]          
3 payments or less 28,095 34,245 42,804    
3 payments or less (in hundredths) 27.00% 24.00% 24.00%    
4 - 11 payments 24,605 34,458 47,864    
4 - 11 payments (in hundredths) 24.00% 25.00% 27.00%    
12 payments or more 50,628 71,142 84,971    
12 payments or more (in hundredths) 49.00% 51.00% 49.00%    
Total primary default inventory 103,328 139,845 175,639 214,724  
Total primary default inventory (in hundredths) 100.00% 100.00% 100.00%    
Mitigation of incurred losses by rescission of policies 0 0 0 200,000,000 2,500,000,000
Premium refund liability, expected future rescissions 15,000,000 18,000,000      
Loss reserve reduction from rescission 100,000,000 200,000,000 700,000,000 1,300,000,000  
Freddie Mac's disagreement on aggregate loss limit [Member]
         
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]          
Obligations under the disputed policies   267,500,000      
Amount paid as per settlement agreement   100,000,000      
Remaining amount of unpaid settlement agreement   167,500,000      
Number of installments to pay settlement agreement amount   48      
Pool Policy Settlement [Member]
         
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]          
Change in loss reserves 0 [9] 267,000,000 [9] 0 [9]    
Increase (Decrease) in Estimated Claim Rate On primary Defaults [Member]
         
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]          
Change in loss reserves 10,000,000 260,000,000 200,000,000    
Percentage of prior year default inventory resolved (in hundredths) 59.00% 55.00% 57.00%    
Decrease in Estimated Severity, Primary Defaults [Member]
         
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]          
Change in loss reserves (50,000,000) (70,000,000) (165,000,000)    
Change In Estimates Related to Pool Reserves, LAE Reserves, Reinsurance and Other [Member]
         
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]          
Change in loss reserves (20,000,000) [10] 116,000,000 [10] (134,000,000) [10]    
Increase (Decrease) Related To Probable Settlements and LAE Reserves [Member]
         
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]          
Change in loss reserves   $ 100,000,000 $ (114,000,000)    
[1] At December 31, 2012, 2011 and 2010 the estimated reduction in loss reserves related to rescissions approximated $0.2 billion, $0.7 billion and $1.3 billion, respectively.
[2] At December 31, 2013, 2012 and 2011 the estimated reduction in loss reserves related to rescissions approximated $0.1 billion, $0.2 billion and $0.7 billion, respectively.
[3] A negative number for prior year losses incurred indicates a redundancy of prior year loss reserves, and a positive number for prior year losses incurred indicates a deficiency of prior year loss reserves. See table below regarding prior year loss development.
[4] Rescissions did not have a significant impact on our losses incurred in 2013 or 2011. Our estimated rescissions were reduced by approximately $0.2 billion in 2012 due to probable settlement agreements (See Note 20 – “Litigation and Contingencies”), other rescissions had no significant impact on our losses incurred in 2012.
[5] 2013 and 2012, include $41 million and $100 million, respectively, paid under the terms of our settlement agreement with Freddie Mac as discussed below.
[6] In a termination, the reinsurance agreement is cancelled, with no future premium ceded and funds for any incurred but unpaid losses transferred to us. The transferred funds result in an increase in our investment portfolio (including cash and cash equivalents) and a decrease in net losses paid (reduction to losses incurred). In addition, there is an offsetting decrease in the reinsurance recoverable (increase in losses incurred), and thus there is no net impact to losses incurred. (See Note 11 – “Reinsurance”)
[7] Rescissions mitigated our paid losses by an estimated $0.1 billion, $0.3 billion and $0.6 billion in 2013, 2012 and 2011, respectively, which excludes amounts that may have been applied to a deductible.
[8] Our claims received inventory includes suspended rescissions, as we have voluntarily suspended rescissions of coverage related to loans that we believed would be included in a potential resolution. As of December 31, 2013, rescissions of coverage on approximately 1,500 loans had been voluntarily suspended.
[9] See below for a discussion of our settlement with Freddie Mac.
[10] Includes approximately $100 million related to probable settlements regarding our claims paying practices in 2012 and ($114) million related to LAE reserves in 2011.