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Loss Reserves (Details) (USD $)
3 Months Ended
Mar. 31, 2015
Loan
Mar. 31, 2014
Loan
Dec. 31, 2014
Loan
Loss Reserve [Roll Forward]      
Reserve at beginning of period $ 2,396,807,000us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense $ 3,061,401,000us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense  
Less reinsurance recoverable 57,841,000us-gaap_ReinsuranceRecoverablesOnUnpaidLosses 64,085,000us-gaap_ReinsuranceRecoverablesOnUnpaidLosses  
Net reserve at beginning of period 2,338,966,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet 2,997,316,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet  
Losses and LAE incurred in respect of default notices related to [Abstract]      
Current year 109,381,000us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense 155,982,000us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense  
Prior years (27,596,000)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense [1],[2] (33,374,000)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense [1],[2]  
Subtotal 81,785,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1 122,608,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1  
Losses and LAE paid in respect of default notices related to [Abstract]      
Current year 312,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1 314,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1  
Prior years 231,230,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1 342,669,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1  
Subtotal 231,542,000us-gaap_PaymentsForLossesAndLossAdjustmentExpense 342,983,000us-gaap_PaymentsForLossesAndLossAdjustmentExpense  
Net reserve at end of period 2,189,209,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet 2,776,941,000us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet  
Plus reinsurance recoverables 55,415,000us-gaap_ReinsuranceRecoverablesOnUnpaidLosses 57,618,000us-gaap_ReinsuranceRecoverablesOnUnpaidLosses  
Reserve at end of period 2,244,624,000us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense 2,834,559,000us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense  
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]      
Change in loss reserves (27,596,000)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense [1],[2] (33,374,000)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense [1],[2]  
Historical average period for uncured default to develop into paid claim 12 months    
Premium refund liability, expected claim payments 112,000,000mtg_PremiumRefundLiabilityExpectedClaimPayments   115,000,000mtg_PremiumRefundLiabilityExpectedClaimPayments
Primary Default Inventory [Roll Forward]      
Default inventory at the beginning of period 79,901mtg_PrimaryDefaultInventory 103,328mtg_PrimaryDefaultInventory  
New Notices 18,896mtg_PrimaryDefaultInventoryNewNotices 23,346mtg_PrimaryDefaultInventoryNewNotices  
Cures (21,767)mtg_PrimaryDefaultInventoryCures (27,318)mtg_PrimaryDefaultInventoryCures  
Paids (including those charged to a deductible or captive) (4,573)mtg_PrimaryDefaultInventoryPaids (7,064)mtg_PrimaryDefaultInventoryPaids  
Rescissions and denials (221)mtg_PrimaryDefaultInventoryRescissionsAndDenials (450)mtg_PrimaryDefaultInventoryRescissionsAndDenials  
Default inventory at end of period 72,236mtg_PrimaryDefaultInventory 91,842mtg_PrimaryDefaultInventory  
Pool insurance notice inventory [Abstract]      
Pool insurance notice inventory (in number of loans) 3,350mtg_PoolInsuranceNoticeInventory 5,646mtg_PoolInsuranceNoticeInventory  
Aging of the Primary Default Inventory [Abstract]      
3 months or less 11,604mtg_PrimaryDefaultInventoryThreeMonthsOrLess 14,313mtg_PrimaryDefaultInventoryThreeMonthsOrLess 15,319mtg_PrimaryDefaultInventoryThreeMonthsOrLess
3 months or less (in hundredths) 16.00%mtg_PrimaryDefaultInventoryThreeMonthsOrLessPercentage 16.00%mtg_PrimaryDefaultInventoryThreeMonthsOrLessPercentage 19.00%mtg_PrimaryDefaultInventoryThreeMonthsOrLessPercentage
4 - 11 months 18,940mtg_PrimaryDefaultInventoryFourToElevenMonths 23,305mtg_PrimaryDefaultInventoryFourToElevenMonths 19,710mtg_PrimaryDefaultInventoryFourToElevenMonths
4 - 11 months (in hundredths) 26.00%mtg_PrimaryDefaultInventoryFourToElevenMonthsPercentage 25.00%mtg_PrimaryDefaultInventoryFourToElevenMonthsPercentage 25.00%mtg_PrimaryDefaultInventoryFourToElevenMonthsPercentage
12 months or more 41,692mtg_PrimaryDefaultInventoryTwelveMonthsOrMore 54,224mtg_PrimaryDefaultInventoryTwelveMonthsOrMore 44,872mtg_PrimaryDefaultInventoryTwelveMonthsOrMore
12 months or more (in hundredths) 58.00%mtg_PrimaryDefaultInventoryTwelveMonthsOrMorePercentage 59.00%mtg_PrimaryDefaultInventoryTwelveMonthsOrMorePercentage 56.00%mtg_PrimaryDefaultInventoryTwelveMonthsOrMorePercentage
Total primary default inventory 72,236mtg_PrimaryDefaultInventory 91,842mtg_PrimaryDefaultInventory  
Total primary default inventory (in hundredths) 100.00%mtg_PrimaryDefaultInventoryPercentage 100.00%mtg_PrimaryDefaultInventoryPercentage 100.00%mtg_PrimaryDefaultInventoryPercentage
Primary claims received inventory included in ending default inventory 4,448mtg_PrimaryDefaultInventoryClaimsReceivedInventory [3] 5,990mtg_PrimaryDefaultInventoryClaimsReceivedInventory [3] 4,746mtg_PrimaryDefaultInventoryClaimsReceivedInventory [3]
Primary claims received inventory included in ending default inventory (in hundredths) 6.00%mtg_PrimaryDefaultInventoryClaimsReceivedInventoryPercentage [3] 7.00%mtg_PrimaryDefaultInventoryClaimsReceivedInventoryPercentage [3] 6.00%mtg_PrimaryDefaultInventoryClaimsReceivedInventoryPercentage [3]
Number of rescindable loans affected by Company's decision to voluntarily suspend rescissions 1,470mtg_NumberOfRescindableLoansAffectedByCompanySDecisionToVoluntarilySuspendRescissions 1,525mtg_NumberOfRescindableLoansAffectedByCompanySDecisionToVoluntarilySuspendRescissions 1,425mtg_NumberOfRescindableLoansAffectedByCompanySDecisionToVoluntarilySuspendRescissions
Number of payments delinquent [Abstract]      
3 payments or less 19,159mtg_NumberOfPaymentsDelinquent3PaymentsOrLess 23,035mtg_NumberOfPaymentsDelinquent3PaymentsOrLess 23,253mtg_NumberOfPaymentsDelinquent3PaymentsOrLess
3 payments or less (in hundredths) 27.00%mtg_NumberOfPaymentsDelinquent3PaymentsOrLessPercentage 25.00%mtg_NumberOfPaymentsDelinquent3PaymentsOrLessPercentage 29.00%mtg_NumberOfPaymentsDelinquent3PaymentsOrLessPercentage
4 - 11 payments 18,372mtg_NumberOfPaymentsDelinquent4To11Payments 22,766mtg_NumberOfPaymentsDelinquent4To11Payments 19,427mtg_NumberOfPaymentsDelinquent4To11Payments
4 - 11 payments (in hundredths) 25.00%mtg_NumberOfPaymentsDelinquent4To11PaymentsPercentage 25.00%mtg_NumberOfPaymentsDelinquent4To11PaymentsPercentage 24.00%mtg_NumberOfPaymentsDelinquent4To11PaymentsPercentage
12 payments or more 34,705mtg_NumberOfPaymentsDelinquent12PaymentsOrMore 46,041mtg_NumberOfPaymentsDelinquent12PaymentsOrMore 37,221mtg_NumberOfPaymentsDelinquent12PaymentsOrMore
12 payments or more (in hundredths) 48.00%mtg_NumberOfPaymentsDelinquent12PaymentsOrMorePercentage 50.00%mtg_NumberOfPaymentsDelinquent12PaymentsOrMorePercentage 47.00%mtg_NumberOfPaymentsDelinquent12PaymentsOrMorePercentage
Total primary default inventory 72,236mtg_PrimaryDefaultInventory 91,842mtg_PrimaryDefaultInventory  
Total primary default inventory (in hundredths) 100.00%mtg_PrimaryDefaultInventoryPercentage 100.00%mtg_PrimaryDefaultInventoryPercentage 100.00%mtg_PrimaryDefaultInventoryPercentage
Premium refund liability, expected future rescissions 27,000,000mtg_PremiumRefundLiabilityExpectedFutureRescissions   28,000,000mtg_PremiumRefundLiabilityExpectedFutureRescissions
Decrease in estimated claim rate on primary defaults [Member]      
Losses and LAE incurred in respect of default notices related to [Abstract]      
Prior years (39,000,000)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
/ us-gaap_NoncatastrophicEventAxis
= mtg_IncreaseDecreaseInExpectedClaimRateMember
[1] (30,000,000)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
/ us-gaap_NoncatastrophicEventAxis
= mtg_IncreaseDecreaseInExpectedClaimRateMember
[1]  
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]      
Change in loss reserves (39,000,000)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
/ us-gaap_NoncatastrophicEventAxis
= mtg_IncreaseDecreaseInExpectedClaimRateMember
[1] (30,000,000)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
/ us-gaap_NoncatastrophicEventAxis
= mtg_IncreaseDecreaseInExpectedClaimRateMember
[1]  
Percentage of prior year default inventory resolved (in hundredths) 24.00%mtg_PercentageOfPriorYearDefaultInventoryResolved
/ us-gaap_NoncatastrophicEventAxis
= mtg_IncreaseDecreaseInExpectedClaimRateMember
25.00%mtg_PercentageOfPriorYearDefaultInventoryResolved
/ us-gaap_NoncatastrophicEventAxis
= mtg_IncreaseDecreaseInExpectedClaimRateMember
 
Increase in estimated severity on primary defaults [Member]      
Losses and LAE incurred in respect of default notices related to [Abstract]      
Prior years 17,000,000us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
/ us-gaap_NoncatastrophicEventAxis
= mtg_IncreaseDecreaseInEstimatedSeverityPrimaryDefaultsMember
[1] 5,000,000us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
/ us-gaap_NoncatastrophicEventAxis
= mtg_IncreaseDecreaseInEstimatedSeverityPrimaryDefaultsMember
[1]  
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]      
Change in loss reserves 17,000,000us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
/ us-gaap_NoncatastrophicEventAxis
= mtg_IncreaseDecreaseInEstimatedSeverityPrimaryDefaultsMember
[1] 5,000,000us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
/ us-gaap_NoncatastrophicEventAxis
= mtg_IncreaseDecreaseInEstimatedSeverityPrimaryDefaultsMember
[1]  
Change In Estimates Related to Pool Reserves, LAE Reserves and Reinsurance [Member]      
Losses and LAE incurred in respect of default notices related to [Abstract]      
Prior years (6,000,000)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
/ us-gaap_NoncatastrophicEventAxis
= mtg_IncreaseDecreaseRelatedToPoolReservesLaeReservesAndReinsuranceMember
[1] (8,000,000)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
/ us-gaap_NoncatastrophicEventAxis
= mtg_IncreaseDecreaseRelatedToPoolReservesLaeReservesAndReinsuranceMember
[1]  
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]      
Change in loss reserves (6,000,000)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
/ us-gaap_NoncatastrophicEventAxis
= mtg_IncreaseDecreaseRelatedToPoolReservesLaeReservesAndReinsuranceMember
[1] (8,000,000)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
/ us-gaap_NoncatastrophicEventAxis
= mtg_IncreaseDecreaseRelatedToPoolReservesLaeReservesAndReinsuranceMember
[1]  
Change in Reserve Estimates Related to Disputes on Claims Paying Practices and IBNR [Member]      
Losses and LAE incurred in respect of default notices related to [Abstract]      
Prior years (20,000,000)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
/ us-gaap_NoncatastrophicEventAxis
= mtg_ChangeInReserveEstimatesRelatedToDisputesOnClaimsPayingPracticesAndIBNRMember
[1]    
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]      
Change in loss reserves $ (20,000,000)us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
/ us-gaap_NoncatastrophicEventAxis
= mtg_ChangeInReserveEstimatesRelatedToDisputesOnClaimsPayingPracticesAndIBNRMember
[1]    
[1] A negative number for prior year loss development indicates a redundancy of prior year loss reserves, and a positive number indicates a deficiency of prior year loss reserves.
[2] 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.
[3] 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 March 31, 2015, rescissions of coverage on approximately 1,470 loans had been voluntarily suspended compared to 1,425 at December 31, 2014 and 1,525 at March 31, 2014.