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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
6 Months Ended
Jun. 30, 2013
Dec. 31, 2012
Jun. 30, 2013
Financial Guaranty Credit Derivatives [Member]
Dec. 31, 2012
Financial Guaranty Credit Derivatives [Member]
Jun. 30, 2013
Net Interest Margin Securities Related And Other [Member]
Dec. 31, 2012
Net Interest Margin Securities Related And Other [Member]
Jun. 30, 2013
Financial Guaranty VIE Derivative Liabilities [Member]
Dec. 31, 2012
Financial Guaranty VIE Derivative Liabilities [Member]
Jun. 30, 2013
Radian Group Consolidated [Member]
Dec. 31, 2012
Radian Group Consolidated [Member]
Jun. 30, 2013
Majority [Member]
Derivatives, Fair Value [Line Items]                      
Derivative assets $ 9,379 $ 13,609 $ 7,036 $ 12,024 $ 2,343 $ 1,585     $ 9,379 $ 13,609  
Derivative liabilities 350,576 266,873 285,939 196,406     64,637 70,467 350,576 266,873  
Derivative liabilities, net         $ 2,343 [1]   $ (64,637) [2]   $ (341,197) $ (253,264)  
Derivative, Remaining Maturity                     5 years
[1] Represents NIMS derivative assets related to consolidated NIMS VIEs and common stock warrants. 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.