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Reinsurance (Details) (USD $)
3 Months Ended
Mar. 31, 2015
Company
Mar. 31, 2014
Dec. 31, 2014
Reinsurance [Abstract]      
Profit commission receivable $ 114,974,000mtg_ProfitCommissionReceivable   $ 91,500,000mtg_ProfitCommissionReceivable
Number of other mortgage insurers agreeing to similar CFPB settlements 3mtg_NumberOfOtherMortgageInsurersAgreeingToSimilarCfpbSettlements    
Period of existing captive reinsurance agreement 10 years    
Reinsurance recoverable on loss reserves related to captive agreements 39,000,000mtg_ReinsuranceRecoverableOnLossReservesRelatedToCaptiveAgreements   45,000,000mtg_ReinsuranceRecoverableOnLossReservesRelatedToCaptiveAgreements
Fair value of trust fund assets under captive agreements 168,000,000mtg_TotalFairValueOfTrustFundAssetsUnderCaptiveAgreements   198,000,000mtg_TotalFairValueOfTrustFundAssetsUnderCaptiveAgreements
Premiums Written and Earned [Abstract]      
Ceded premiums written, net of profit commission 27,136,000mtg_CededPremiumsWrittenCombinedQuotaShare 21,486,000mtg_CededPremiumsWrittenCombinedQuotaShare  
Ceded premiums earned, net of profit commission 24,613,000mtg_CededPremiumsEarnedCombinedQuotaShare 19,627,000mtg_CededPremiumsEarnedCombinedQuotaShare  
Ceded losses incurred 4,873,000mtg_CededLossesIncurredCombinedQuotaShare 2,519,000mtg_CededLossesIncurredCombinedQuotaShare  
Ceding commissions $ 10,122,000us-gaap_FeesAndCommissions [1] $ 8,740,000us-gaap_FeesAndCommissions [1]  
[1] Ceding commissions are reported within Other underwriting and operating expenses, net on the consolidated statements of operations.