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Financial Guaranty Insurance Contracts (Details 9) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Counterparty
risk
Jun. 30, 2011
Jun. 30, 2012
risk
Jun. 30, 2011
Dec. 31, 2011
risk
Financial guarantee obligations          
Number of Counterparties With Adjusted Projected Recovery That Resulted in the R and W Development 1        
Estimated Benefit From Loan Repurchases Related to Breaches of R and W Included in Net Expected Loss Estimates $ 1,200,000,000   $ 1,200,000,000    
Amount of Liabilities Agreed Paid by Entities Providing R and Ws for Transactions Company Provided a Financial Guaranty 2,600,000,000        
Amount of Liabilities Agreed Paid Directly to the Company by Entities Providing R and Ws for Transactions the Company Provided a Financial Guaranty 2,000,000,000        
Cash Amount Already Received for Liabilities Agreed Paid by Entities Providing R and Ws for Transactions Company Provided a Financial Guaranty 1,473,000,000        
Cash Expected to be Received From Liabilities Agreed Paid by Entities Providing R and Ws for Transactions the Company Provided a Financial Guaranty 568,000,000   568,000,000    
Amount of Liabilities Agreed Paid Into Relevant RMBS Financial Guaranty Transactions Entities Providing R and Ws to the Company for Financial Guaranty Transactions 602,000,000        
Salvage and subrogation recoverable          
For all Financial Guaranty Insurance Contracts 313,100,000   313,100,000   401,800,000
Effect of Consolidating FG VIEs (124,500,000)   (124,500,000)   (197,300,000)
Reported on Balance Sheet 188,600,000 [1]   188,600,000 [1]   204,500,000 [1]
Loss and LAE reserve          
For all Financial Guaranty Insurance Contracts 740,700,000   740,700,000   857,500,000
Effect of Consolidating FG VIEs (39,800,000)   (39,800,000)   (74,600,000)
Reported on Balance Sheet 700,900,000 [1]   700,900,000 [1]   782,900,000 [1]
Total          
Benefit for R&W 1,212,900,000 1,473,300,000 1,212,900,000 1,473,300,000  
Rollforward of Estimated Benefit from Recoveries of Representation and Warranty Breaches, Net of Reinsurance          
Future Net R&W Benefit at the beginning of the period     1,434,800,000 1,600,500,000  
R&W Development and Accretion of Discount 38,300,000 90,900,000 70,700,000 770,900,000  
R&W Recovered     (292,600,000) [2] (898,100,000) [2]  
Future Net R&W Benefit at the end of the period 1,212,900,000 1,473,300,000 1,212,900,000 1,473,300,000  
Gross R&W amounts recovered     311,400,000 1,015,000,000  
Number of Risks as of the end of the period with R&W Benefit Recorded (in policies) 45 [3]   45 [3]   59 [3]
Debt Service of Policies with R&W Benefit Recorded as of the end of the period 4,292,500,000   4,292,500,000   7,479,900,000
Breakdown of the development and accretion amount          
Inclusion of new deals with breaches of R&W during period (5,000,000) 0 (5,000,000) 107,100,000  
Change in recovery assumptions as the result of additional file review and recovery success (10,000,000) 0 69,700,000 198,400,000  
Estimated increase (decrease) in defaults that will result in additional breaches 50,900,000 (5,800,000) (400,000) 34,000,000  
Results of settlements 0 95,600,000 0 429,700,000  
Accretion of discount on balance 2,400,000 1,100,000 6,400,000 1,700,000  
Total 38,300,000 90,900,000 70,700,000 770,900,000  
Additional information related to Representations and Warranties          
Recovery payments received     (292,600,000) [2] (898,100,000) [2]  
Minimum
         
Financial guarantee obligations          
Estimated Period of Recoveries on Transactions Backed by Heloc and Closed End Second Lien Loans Not Subject to Bank of America or Deutsche Bank 2 years        
Maximum
         
Financial guarantee obligations          
Estimated Period of Recoveries on Transactions Backed by Heloc and Closed End Second Lien Loans Not Subject to Bank of America or Deutsche Bank 4 years        
Bank of America Agreement [Member]
         
Financial guarantee obligations          
Estimated Benefit From Loan Repurchases Related to Breaches of R and W Included in Net Expected Loss Estimates 546,700,000   546,700,000    
Deutsche Bank Agreement [Member]
         
Financial guarantee obligations          
Estimated Benefit From Loan Repurchases Related to Breaches of R and W Included in Net Expected Loss Estimates 666,200,000   666,200,000    
Prime first lien
         
Total          
Benefit for R&W 4,000,000 2,900,000 4,000,000 2,900,000  
Rollforward of Estimated Benefit from Recoveries of Representation and Warranty Breaches, Net of Reinsurance          
Future Net R&W Benefit at the beginning of the period     3,000,000 1,100,000  
R&W Development and Accretion of Discount     1,000,000 1,800,000  
R&W Recovered     0 [2] 0 [2]  
Future Net R&W Benefit at the end of the period 4,000,000 2,900,000 4,000,000 2,900,000  
Number of Risks as of the end of the period with R&W Benefit Recorded (in policies) 1 [3]   1 [3]   1 [3]
Debt Service of Policies with R&W Benefit Recorded as of the end of the period 39,300,000   39,300,000   41,900,000
Breakdown of the development and accretion amount          
Total     1,000,000 1,800,000  
Additional information related to Representations and Warranties          
Recovery payments received     0 [2] 0 [2]  
Alt-A first lien
         
Total          
Benefit for R&W 159,500,000 127,600,000 159,500,000 127,600,000  
Rollforward of Estimated Benefit from Recoveries of Representation and Warranty Breaches, Net of Reinsurance          
Future Net R&W Benefit at the beginning of the period     202,700,000 81,000,000  
R&W Development and Accretion of Discount     21,000,000 46,600,000  
R&W Recovered     (64,200,000) [2] 0 [2]  
Future Net R&W Benefit at the end of the period 159,500,000 127,600,000 159,500,000 127,600,000  
Number of Risks as of the end of the period with R&W Benefit Recorded (in policies) 19 [3]   19 [3]   22 [3]
Debt Service of Policies with R&W Benefit Recorded as of the end of the period 1,492,900,000   1,492,900,000   1,732,600,000
Breakdown of the development and accretion amount          
Total     21,000,000 46,600,000  
Additional information related to Representations and Warranties          
Recovery payments received     (64,200,000) [2] 0 [2]  
Total first lien
         
Financial guarantee obligations          
Number of defaulted loan files reviewed 6,800   6,800    
Outstanding par of defaulted loans reviewed 2,357,000,000   2,357,000,000    
Number of loan files that breached one or more R&W 20,300   20,300    
Amount of loans to be repurchased by providers 6,293,000,000   6,293,000,000    
Total first lien | Bank of America Agreement [Member]
         
Additional information related to Representations and Warranties          
Number of transactions insured executed as financial guarantees 20   20    
Cumulative collateral losses 2,500,000,000   2,500,000,000    
Cumulative projected collateral losses 5,000,000,000        
Eligible assets in trust for payment of reimbursement 1,000,000,000   1,000,000,000    
Total first lien | Bank of America Agreement [Member] | Maximum
         
Additional information related to Representations and Warranties          
Cumulative collateral losses 6,600,000,000   6,600,000,000    
Credit Default Swap [Member] | Bank of America Agreement [Member]
         
Additional information related to Representations and Warranties          
Number of transactions insured executed as financial guarantees 1   1    
Cumulative collateral losses 90,000,000   90,000,000    
Cumulative projected collateral losses 200,000,000        
Option ARM
         
Total          
Benefit for R&W 697,100,000 711,200,000 697,100,000 711,200,000  
Rollforward of Estimated Benefit from Recoveries of Representation and Warranty Breaches, Net of Reinsurance          
Future Net R&W Benefit at the beginning of the period     713,900,000 309,300,000  
R&W Development and Accretion of Discount     59,000,000 449,200,000  
R&W Recovered     (75,800,000) [2] (47,300,000) [2]  
Future Net R&W Benefit at the end of the period 697,100,000 711,200,000 697,100,000 711,200,000  
Number of Risks as of the end of the period with R&W Benefit Recorded (in policies) 10 [3]   10 [3]   12 [3]
Debt Service of Policies with R&W Benefit Recorded as of the end of the period 1,129,400,000   1,129,400,000   1,459,700,000
Breakdown of the development and accretion amount          
Total     59,000,000 449,200,000  
Additional information related to Representations and Warranties          
Recovery payments received     (75,800,000) [2] (47,300,000) [2]  
Subprime
         
Total          
Benefit for R&W 93,300,000 81,500,000 93,300,000 81,500,000  
Rollforward of Estimated Benefit from Recoveries of Representation and Warranty Breaches, Net of Reinsurance          
Future Net R&W Benefit at the beginning of the period     101,500,000 26,800,000  
R&W Development and Accretion of Discount     (8,100,000) 54,700,000  
R&W Recovered     (100,000) [2] 0 [2]  
Future Net R&W Benefit at the end of the period 93,300,000 81,500,000 93,300,000 81,500,000  
Number of Risks as of the end of the period with R&W Benefit Recorded (in policies) 5 [3]   5 [3]   5 [3]
Debt Service of Policies with R&W Benefit Recorded as of the end of the period 842,000,000   842,000,000   905,800,000
Breakdown of the development and accretion amount          
Total     (8,100,000) 54,700,000  
Additional information related to Representations and Warranties          
Recovery payments received     (100,000) [2] 0 [2]  
Second lien
         
Financial guarantee obligations          
Number of defaulted loan files reviewed 34,200   34,200    
Outstanding par of defaulted loans reviewed 2,593,000,000   2,593,000,000    
Number of loan files that breached one or more R&W 11,000   11,000    
Amount of loans to be repurchased by providers 812,000,000   812,000,000    
Closed end second lien and HELOCs
         
Total          
Benefit for R&W 136,900,000 239,700,000 136,900,000 239,700,000  
Rollforward of Estimated Benefit from Recoveries of Representation and Warranty Breaches, Net of Reinsurance          
Future Net R&W Benefit at the beginning of the period     223,800,000 178,200,000  
R&W Development and Accretion of Discount     (2,000,000) 61,500,000  
R&W Recovered     (84,900,000) [2] 0 [2]  
Future Net R&W Benefit at the end of the period 136,900,000 239,700,000 136,900,000 239,700,000  
Number of Risks as of the end of the period with R&W Benefit Recorded (in policies) 4 [3]   4 [3]   4 [3]
Debt Service of Policies with R&W Benefit Recorded as of the end of the period 245,300,000   245,300,000   361,400,000
Breakdown of the development and accretion amount          
Total     (2,000,000) 61,500,000  
Additional information related to Representations and Warranties          
Recovery payments received     (84,900,000) [2] 0 [2]  
HELOCs
         
Total          
Benefit for R&W 122,100,000 310,400,000 122,100,000 310,400,000  
Rollforward of Estimated Benefit from Recoveries of Representation and Warranty Breaches, Net of Reinsurance          
Future Net R&W Benefit at the beginning of the period     189,900,000 1,004,100,000  
R&W Development and Accretion of Discount     (200,000) 157,100,000  
R&W Recovered     (67,600,000) [2] (850,800,000) [2]  
Future Net R&W Benefit at the end of the period 122,100,000 310,400,000 122,100,000 310,400,000  
Number of Risks as of the end of the period with R&W Benefit Recorded (in policies) 6 [3],[4]   6 [3],[4]   15 [3],[4]
Debt Service of Policies with R&W Benefit Recorded as of the end of the period 543,600,000 [4]   543,600,000 [4]   2,978,500,000 [4]
Breakdown of the development and accretion amount          
Total     (200,000) 157,100,000  
Additional information related to Representations and Warranties          
Recovery payments received     $ (67,600,000) [2] $ (850,800,000) [2]  
[1] The remaining benefit for R&W is not recorded on the balance sheet until the expected loss, net of R&W, exceeds unearned premium reserve.
[2] Gross amounts recovered were $311.4 million and $1,015.0 million in Six Months 2012 and 2011, respectively.
[3] A risk represents the aggregate of the financial guaranty policies that share the same revenue source for purposes of making debt service payments.
[4] The decline in number of HELOC risks and debt service relates to the final payment from Bank of America for covered HELOC transactions.