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Shareholders' Equity (Details) (USD $)
1 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2014
Right
Dec. 31, 2013
Dec. 31, 2012
Jun. 30, 2013
Apr. 30, 2012
Shareholders' Equity [Abstract]            
Common stock, shares authorized (in shares)   1,000,000,000us-gaap_CommonStockSharesAuthorized 1,000,000,000us-gaap_CommonStockSharesAuthorized   680,000,000us-gaap_CommonStockSharesAuthorized 460,000,000us-gaap_CommonStockSharesAuthorized
Debt Instrument [Line Items]            
Stated interest rate (in hundredths)   2.00%us-gaap_DebtInstrumentInterestRateStatedPercentage        
Shareholder Rights Agreement [Abstract]            
Shareholder rights accompanying each outstanding share of the company's common stock (in number of Rights)   1mtg_ShareholderRightsAccompanyingEachOutstandingShareOfCommonStock        
Distribution date, description   The earlier of ten days after a public announcement that a person has become an Acquiring Person, or ten business days after a person announces or begins a tender offer in which consummation of such offer would result in a person becoming an Acquiring Person.        
Common stock, beneficial ownership threshold to be considered an Acquiring Person (in hundredths)   5.00%mtg_CommonStockBeneficialOwnershipThresholdToBeConsideredAcquiringPerson        
Common shares purchasable per Right (in shares)   0.1mtg_CommonSharesPurchasablePerRightInShares        
Purchase price (in dollars per share)   $ 14mtg_PurchasePricePerFullShare        
Purchase price (in dollars per one-tenth share)   $ 1.40mtg_PurchasePricePerOneTenthShare        
Redemption price (in dollars per Right)   $ 0.001mtg_RedemptionPriceInDollarsPerRight        
Sale of common stock (in shares) 135,000,000us-gaap_StockIssuedDuringPeriodSharesNewIssues          
Sale of common stock, price per share (in dollars per share) $ 5.15mtg_SaleOfCommonStockPricePerShare          
Sale of common stock, net proceeds $ 663,300,000us-gaap_ProceedsFromIssuanceOfCommonStock $ 0us-gaap_ProceedsFromIssuanceOfCommonStock $ 663,335,000us-gaap_ProceedsFromIssuanceOfCommonStock $ 0us-gaap_ProceedsFromIssuanceOfCommonStock    
Mortgage Guaranty Insurance Corporation [Member]            
Subsidiary or Equity Method Investee [Line Items]            
Surplus contributions made to subsidiary by the parent company 800,000,000mtg_SurplusContributionFromParent
/ dei_LegalEntityAxis
= mtg_MortgageGuarantyInsuranceCorporationMember
0mtg_SurplusContributionFromParent
/ dei_LegalEntityAxis
= mtg_MortgageGuarantyInsuranceCorporationMember
800,000,000mtg_SurplusContributionFromParent
/ dei_LegalEntityAxis
= mtg_MortgageGuarantyInsuranceCorporationMember
100,000,000mtg_SurplusContributionFromParent
/ dei_LegalEntityAxis
= mtg_MortgageGuarantyInsuranceCorporationMember
   
Convertible Debentures [Member]            
Debt Instrument [Line Items]            
Outstanding principal amount   389,500,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleSubordinatedDebtMember
389,500,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleSubordinatedDebtMember
     
Stated interest rate (in hundredths)   9.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleSubordinatedDebtMember
9.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleSubordinatedDebtMember
     
Shares reserved for conversion under convertible debt (in shares)   28,900,000us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleSubordinatedDebtMember
       
Convertible Senior Notes [Member]            
Debt Instrument [Line Items]            
Outstanding principal amount   345,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
345,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
     
Stated interest rate (in hundredths)   5.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
5.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
     
Shares reserved for conversion under convertible debt (in shares)   97,600,000us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleDebtMember
       
Convertible Senior Notes - Due April 2020 [Member]            
Debt Instrument [Line Items]            
Outstanding principal amount $ 500,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_LongtermDebtTypeAxis
= mtg_ConvertibleSeniorNotesDueApril2020Member
$ 500,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_LongtermDebtTypeAxis
= mtg_ConvertibleSeniorNotesDueApril2020Member
$ 500,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_LongtermDebtTypeAxis
= mtg_ConvertibleSeniorNotesDueApril2020Member
     
Stated interest rate (in hundredths) 2.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= mtg_ConvertibleSeniorNotesDueApril2020Member
2.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= mtg_ConvertibleSeniorNotesDueApril2020Member
2.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= mtg_ConvertibleSeniorNotesDueApril2020Member