XML 51 R59.htm IDEA: XBRL DOCUMENT v3.2.0.727
Note 9 - Losses and LAE Mortgage Insurance Loss Reserves Rollforward (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Loss reserve [Roll Forward]              
Balance at January 1     $ 1,560,032        
Less reinsurance recoverables     28,119        
Deduct paid claims and LAE related to [Abstract]              
Add reinsurance recoverables $ 13,227   13,227   $ 28,119    
Balance at March 31 1,204,792   1,204,792   1,560,032    
Mortgage Insurance Segment              
Loss reserve [Roll Forward]              
Balance at January 1 1,384,714 $ 1,893,960 1,560,032 $ 2,164,353 2,164,353    
Less reinsurance recoverables [1] 13,365 25,751 26,665 38,363 38,363    
Balance at beginning of period, net of reinsurance recoverables 1,371,349 1,868,209 1,533,367 2,125,990 2,125,990    
Add losses and LAE incurred in respect of default notices reported and unreported in [Abstract]              
Current year [2],[3] 53,617 75,472 134,054 184,321      
Prior years [2] (19,835) (11,207) (55,195) (70,896)      
Total incurred losses and LAE 33,782 64,265 78,859 113,425      
Deduct paid claims and LAE related to [Abstract]              
Paid Losses and LAE Current year [3] 576 803 576 803      
Paid losses and LAE Prior years 211,440 239,448 418,535 546,389      
Total paid losses and LAE 212,016 240,251 419,111 547,192      
Balance at end of period, net of reinsurance recoverables 1,193,115 1,692,223 1,193,115 1,692,223 1,533,367 $ 2,125,990  
Add reinsurance recoverables [1] 11,677 22,458 11,677 22,458 26,665 38,363  
Balance at March 31 $ 1,204,792 1,714,681 $ 1,204,792 1,714,681 $ 1,560,032 2,164,353  
Mortgage Insurance Segment | Primary Mortgage Product [Member]              
Default To Claim Rate Detail [Abstract]              
Weighted Average Default To Claim Rate Assumption Net Of Denials Rescissions and Reinstatements     50.00%   52.00%    
Weighted Average Default To Claim Rate Assumption Excluding Pending Claims Net Of Denials And Rescissions     45.00%        
Default To Claim Rate Estimate, Gross, For New Defaults 14.00%   14.00%   16.00%    
Default To Claim Rate Estimate, Gross, For Pre-Foreclosure Stage Defaults 65.00%   65.00%        
Gross Default To Claim Rate Estimate 81.00%   81.00%        
Bank of America Settlement Agreement [Member] | Mortgage Insurance Segment              
Deduct paid claims and LAE related to [Abstract]              
Total paid losses and LAE     $ 174,600        
Classification Error [Member] | Mortgage Insurance Segment              
Add losses and LAE incurred in respect of default notices reported and unreported in [Abstract]              
Current year   (14,400)   (48,200) $ (71,800) (65,000) $ (75,700)
Prior years   $ 14,400   $ 48,200 $ 71,800 $ 65,000 $ 75,700
[1] Related to ceded losses on captive reinsurance transactions and the QSR Transactions. See Note 7 for additional information.
[2] Amounts previously reported for losses and LAE incurred in respect of default notices reported and unreported in current year and prior years have been reclassified to correct an error. There was no net change to total incurred losses in any period as a result of these reclassifications. For the three and six months ended June 30, 2014, the amounts previously reported for losses and LAE incurred in respect of default notices reported and unreported in current year have been revised downward by approximately $14.4 million and $48.2 million, respectively, with an equal and offsetting adjustment to the amount previously reported for default notices reported and unreported in prior years. For the years ended December 31, 2014, 2013 and 2012, the amounts previously reported related to losses and LAE incurred from current year default notices should have been lower by approximately $71.8 million, $65.0 million and $75.7 million, respectively, with equal and offsetting adjustments to the incurred loss amounts related to prior years’ default notices.
[3] Related to underlying defaulted loans with a most recent default notice dated 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.