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Note 3 - Derivative Instruments Fair Values Derivatives, Balance Sheet Location by Derivative Contract Type (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Mar. 31, 2013
Financial Guaranty Credit Derivatives [Member]
Dec. 31, 2012
Financial Guaranty Credit Derivatives [Member]
Mar. 31, 2013
Net Interest Margin Securities Related And Other [Member]
Dec. 31, 2012
Net Interest Margin Securities Related And Other [Member]
Mar. 31, 2013
Financial Guaranty VIE Derivative Liabilities [Member]
Dec. 31, 2012
Financial Guaranty VIE Derivative Liabilities [Member]
Mar. 31, 2013
Radian Group Consolidated [Member]
Dec. 31, 2012
Radian Group Consolidated [Member]
Mar. 31, 2013
Majority [Member]
Derivatives, Fair Value [Line Items]                      
Derivative assets $ 6,429 $ 13,609 $ 4,851 $ 12,024 $ 1,578 $ 1,585     $ 6,429 $ 13,609  
Derivative liabilities 430,898 266,873 364,146 196,406     66,752 70,467 430,898 266,873  
Derivative liabilities, net         $ 1,578 [1]   $ (66,752) [2]   $ (424,469) $ (253,264)  
Derivative, Remaining Maturity                     5 years
[1] Represents NIMS derivative assets related to consolidated NIMS VIEs. Because these investments represent financial guaranty contracts that we issued, they cannot become liabilities, and therefore, do not represent additional par exposure.
[2] Represents the fair value of a CDS included in a VIE that we have consolidated. See Note 5 for more information on this transaction, the underlying reference securities and our maximum exposure to loss from this consolidated financial guaranty transaction. The assets in the VIE represent the only funds available to pay the CDS counterparty for amounts due under the contract; therefore, the notional exposure presented for the CDS is limited to the current trust assets.