XML 98 R60.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 8 - Losses and LAE Mortgage Insurance Loss Reserves Rollforward (Details) (USD $)
 3 Months Ended 9 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 18 Months Ended 20 Months Ended 21 Months Ended
Sep. 30, 2013
Dec. 31, 2012
Sep. 30, 2013
Mortgage Insurance Segment
Sep. 30, 2012
Mortgage Insurance Segment
Sep. 30, 2013
Mortgage Insurance Segment
Sep. 30, 2012
Mortgage Insurance Segment
Sep. 30, 2013
Mortgage Insurance Segment
Default To Claim Rate Assumptions Twelve Or More Missed Payments [Member]
payment
Sep. 30, 2013
Mortgage Insurance Segment
Default To Claim Rate Assumptions Two Missed Payments [Member]
payment
Sep. 30, 2013
Mortgage Insurance Segment
Default To Claim Rate Assumptions Three Missed Payments [Member]
payment
Sep. 30, 2012
Mortgage Insurance Segment
Smart Home [Member]
Sep. 30, 2013
Pool Insurance Mortgage Insurance Product [Member]
Mortgage Insurance Segment
Sep. 30, 2013
Primary Mortgage Product [Member]
Mortgage Insurance Segment
Dec. 31, 2012
Primary Mortgage Product [Member]
Mortgage Insurance Segment
Sep. 30, 2013
Primary Mortgage Product [Member]
2013 Freddie Mac Agreement [Member]
First Lien Position [Member]
Mortgage Insurance Segment
Sep. 30, 2013
Primary Mortgage Product [Member]
2013 Freddie Mac Agreement [Member]
First Lien Position [Member]
Mortgage Insurance Segment
Sep. 30, 2013
Primary Mortgage Product [Member]
2013 Freddie Mac Agreement [Member]
First Lien Position [Member]
Mortgage Insurance Segment
Dec. 31, 2011
Primary Mortgage Product [Member]
2013 Freddie Mac Agreement [Member]
First Lien Position [Member]
Mortgage Insurance Segment
loan
Jul. 12, 2013
Primary Mortgage Product [Member]
2013 Freddie Mac Agreement [Member]
First Lien Position [Member]
Mortgage Insurance Segment
Aug. 30, 2013
Primary Mortgage Product [Member]
2013 Freddie Mac Agreement [Member]
First Lien Position [Member]
Mortgage Insurance Segment
Sep. 30, 2013
Primary Mortgage Product [Member]
2013 Freddie Mac Agreement [Member]
First Lien Position [Member]
Mortgage Insurance Segment
Jul. 31, 2013
Primary Mortgage Product [Member]
2013 Freddie Mac Agreement [Member]
First Lien Position [Member]
Mortgage Insurance Segment
loan
Aug. 29, 2015
Primary Mortgage Product [Member]
Scenario, Forecast [Member]
Minimum [Member]
2013 Freddie Mac Agreement [Member]
First Lien Position [Member]
Mortgage Insurance Segment
Loss reserve [Roll Forward]                                            
Balance at beginning of period     $ 2,690,861,000 $ 3,155,343,000 $ 3,083,608,000 $ 3,247,900,000                                
Less reinsurance recoverables 57,260,000 89,204,000 58,427,000 [1] 97,845,000 [1] 83,238,000 [1] 151,569,000 [1]                                
Balance at beginning of period, net of reinsurance recoverables     2,632,434,000 3,057,498,000 3,000,370,000 3,096,331,000                                
Add losses and LAE incurred in respect of default notices reported and unreported in [Abstract]                                            
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims Current Year     140,015,000 [2] 248,806,000 [2] 477,155,000 [2] 686,080,000 [2]                                
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims, Prior Years     11,997,000 (77,001,000) (56,777,000) (71,468,000)                                
Total incurred     152,012,000 171,805,000 420,378,000 614,612,000                                
Deduct paid claims and LAE related to [Abstract]                                            
Current year     21,334,000 [2] 2,912,000 [2] 21,483,000 [2] 3,185,000 [2]                                
Prior years     498,002,000 269,486,000 1,134,155,000 750,853,000                                
Paid losses and LAE     519,336,000 272,398,000 1,155,638,000 754,038,000                       370,000,000        
Balance at end of period, net of reinsurance recoverables     2,265,110,000 2,956,905,000 2,265,110,000 2,956,905,000                                
Add reinsurance recoverables 57,260,000 89,204,000 49,675,000 [1] 89,801,000 [1] 49,675,000 [1] 89,801,000 [1]                                
Balance at end of period     2,314,785,000 3,046,706,000 2,314,785,000 3,046,706,000                                
Mortgage Loans on Real Estate, Number of Loans                                 25,760          
Mortgage Loans on Real Estate, Number of Delinquent Loans                                         9,756  
Mortgage Loans on Real Estate, Number of Re-Performing Loans                                         4,586  
Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure                               840,000,000            
Total Consideration for Defaulted Loans                                     625,000,000      
Net Consideration for Defaulted Loans                                     255,000,000      
Restricted Investments Held as Collateral for Master Transaction Agreement                                     205,000,000      
Restricted Investments Held as Collateral for Master Transaction Agreement, Gross                                     215,000,000      
Loss Mitigation Activity                           2,400,000         10,000,000      
Not Final Loss Mitigation Activity                                       137,300,000    
Termination Trigger Based on Amount of Restricted Investments                                           0
Provision for Loan Losses Expensed                             22,000,000 22,000,000            
Claim Curtailments, Gross     16,000,000 6,000,000 42,000,000 15,000,000                                
Increase (Decrease) in Reinsurance Recoverable                   (43,600,000)                        
Increase (Decrease) in Loss and Loss Adjustment Expense Reserve                     0                      
Default To Claim Rate Detail [Abstract]                                            
Weighted Average Default To Claim Rate Assumption Net Of Denials Rescissions and Reinstatements         47.00%             50.00% 49.00%                  
Weighted Average Default To Claim Rate Assumption Excluding Pending Claims Net Of Denials And Rescissions                       41.00%                    
Default To Claim Rate Estimate Net Of Rescission And Denial Estimates For Insured Loans That Missed Two To Three Monthly Payments                       22.00%                    
Default To Claim Estimate Net Of Rescission And Denial Estimates For Loans That Missed Twelve Or More Monthly Payments                       49.00%                    
Number Of Payments Missed For Insured Loans             12 2 3                          
Claim Severity Detail [Abstract]                                            
Percentage Point Change In Severity For Assumption Shift Analysis     1.00%   1.00%                                  
First Lien Primary Claim Severity         28.00%                                  
Impact To Loss Reserves Based On One Percentage Change In Primary Claim Severity     63,000,000   63,000,000                                  
First Lien Pool Claim Severity         45.00%                                  
Impact To Loss Reserves Based On One Percentage Change In Pool Claim Severity     3,000,000   3,000,000                                  
Impact To Loss Reserves Based On One Percentage Increase In Default To Claim Rate     $ 39,000,000   $ 39,000,000                                  
[1] Related to ceded losses on captive reinsurance transactions, capital markets reinsurance transactions (“Smart Home”) and QSR transactions.
[2] Related to underlying defaulted loans with a most recent date of default notice in the year indicated. For example, if a loan had defaulted in a prior year, but then subsequently cured and later re-defaulted in the current year, that default would be considered a current year default.