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Expected Loss to be Paid - Net Expected Loss to be Paid After Net Expected Recoveries for Breaches of R&W Rollforward (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W $ 1,337 $ 1,154 $ 1,391 [1] $ 1,169  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015   190   190  
Economic loss development after recoveries for R&W 22 192 81 189  
Accretion of discount 6 7 15 14  
Changes in discount rates 45 (47) 108 (40)  
Changes in timing and assumptions (29) 232 (42) 215  
(Paid) Recovered Losses After Recoveries for R&W [2] (33) (26) (146) (38)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 1,326 [1] 1,510 $ 1,326 [1] 1,510  
Period after the end of the reporting period within which the ceded paid losses are typically settled (in days)     45 days    
Loss and LAE Reserve paid 7 5 $ 9 9  
Expected LAE to be paid 8   8   $ 12
Subtotal [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W     1,391    
Economic loss development after recoveries for R&W 22 192 81 189  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 1,326   1,326    
Public Finance [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 903 352 809 [1] 348  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015   85   85  
Economic loss development after recoveries for R&W 109 224 208 230  
(Paid) Recovered Losses After Recoveries for R&W [2] (12) (4) (17) (6)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 1,000 [1] 657 1,000 [1] 657  
Public Finance [Member] | United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 864 310 771 [1] 303  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015   81   81  
Economic loss development after recoveries for R&W 111 226 209 235  
(Paid) Recovered Losses After Recoveries for R&W [2] (12) (4) (17) (6)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 963 [1] 613 963 [1] 613  
Public Finance [Member] | Non United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 39 42 38 [1] 45  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015   4   4  
Economic loss development after recoveries for R&W (2) (2) (1) (5)  
(Paid) Recovered Losses After Recoveries for R&W [2] 0 0 0 0  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 37 [1] 44 37 [1] 44  
RMBS [Member] | United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 293 570 409 [1] 584  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015   4   4  
Economic loss development after recoveries for R&W (81) (32) (112) (28)  
(Paid) Recovered Losses After Recoveries for R&W [2] (20) (18) (105) (36)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 192 [1] 524 192 [1] 524  
RMBS [Member] | First Lien [Member] | United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 228 569 348 [1] 595  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015   3   3  
Economic loss development after recoveries for R&W (74) (26) (110) (28)  
(Paid) Recovered Losses After Recoveries for R&W [2] (76) (25) (160) (49)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 78 [1] 521 78 [1] 521  
RMBS [Member] | First Lien [Member] | Prime [Member] | United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W (1) 3 (2) [1] 4  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015   0   0  
Economic loss development after recoveries for R&W 0 (1) 0 (1)  
(Paid) Recovered Losses After Recoveries for R&W [2] 4 (1) 5 (2)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 3 [1] 1 3 [1] 1  
RMBS [Member] | First Lien [Member] | Alt-A [Member] | United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 36 289 127 [1] 304  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015   7   7  
Economic loss development after recoveries for R&W (38) (16) (54) (21)  
(Paid) Recovered Losses After Recoveries for R&W [2] (94) (15) (169) (25)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W (96) [1] 265 (96) [1] 265  
RMBS [Member] | First Lien [Member] | Option ARM [Member] | United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W (47) (16) (28) [1] (16)  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015   0   0  
Economic loss development after recoveries for R&W (10) (3) (31) 1  
(Paid) Recovered Losses After Recoveries for R&W [2] 1 1 3 (3)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W (56) [1] (18) (56) [1] (18)  
RMBS [Member] | First Lien [Member] | Subprime [Member] | United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 240 293 251 [1] 303  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015   (4)   (4)  
Economic loss development after recoveries for R&W (26) (6) (25) (7)  
(Paid) Recovered Losses After Recoveries for R&W [2] 13 (10) 1 (19)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 227 [1] 273 227 [1] 273  
RMBS [Member] | Second Lien [Member] | United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 65 1 61 [1] (11)  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015   1   1  
Economic loss development after recoveries for R&W (7) (6) (2) 0  
(Paid) Recovered Losses After Recoveries for R&W [2] 56 7 55 13  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 114 [1] 3 114 [1] 3  
Triple-X Life Insurance Transaction [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 102 165 99 [1] 161  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015   0   0  
Economic loss development after recoveries for R&W (2) 2 2 7  
(Paid) Recovered Losses After Recoveries for R&W [2] 0 (2) (1) (3)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 100 [1] 165 100 [1] 165  
Student Loan [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 32 62 54 [1] 68  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015   0   0  
Economic loss development after recoveries for R&W (1) 1 (15) (5)  
(Paid) Recovered Losses After Recoveries for R&W [2] 0 (5) (8) (5)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 31 [1] 58 31 [1] 58  
Other structured finance [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 7 5 20 [1] 8  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015   101   101  
Economic loss development after recoveries for R&W (3) (3) (2) (15)  
(Paid) Recovered Losses After Recoveries for R&W [2] (1) 3 (15) 12  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 3 [1] 106 3 [1] 106  
Structured Finance [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 434 802 582 [1] 821  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015   105   105  
Economic loss development after recoveries for R&W (87) (32) (127) (41)  
(Paid) Recovered Losses After Recoveries for R&W [2] (21) (22) (129) (32)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 326 [1] 853 326 [1] 853  
Radian [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015 $ 0 $ (190) $ 0 $ (190)  
[1] Includes expected LAE to be paid of $8 million as of June 30, 2016 and $12 million as of December 31, 2015.
[2] Net of ceded paid losses, whether or not such amounts have been settled with reinsurers. Ceded paid losses are typically settled 45 days after the end of the reporting period. Such amounts are recorded in reinsurance recoverable on paid losses included in other assets. The Company paid $7 million and $5 million in loss adjustment expenses ("LAE") for Second Quarter 2016 and 2015, respectively, and $9 million and $9 million in LAE for Six Months 2016 and 2015, respectively.