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Note 10 - Losses and Loss Adjustment Expenses Level 3 (Tables) | 12 Months Ended
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Dec. 31, 2015
Insurance Loss Reserves [Abstract] |
Schedule of Liability for Future Policy Benefits, by Product Segment [Table Text Block] | :
| Year Ended December 31,
(In thousands) | 2015 |  | 2014
Reserves for losses by category: |  |  |
Prime | $ | 480,481 |  |  | $ | 700,174 |
Alt-A | 203,706 |  |  | 292,293 |
A minus and below | 129,352 |  |  | 179,103 |
IBNR and other | 83,066 |  | (1) | 223,114 |
LAE | 26,108 |  |  | 56,164 |
Reinsurance recoverable (2) | 8,286 |  |  | 26,665 |
Total primary reserves | 930,999 |  |  | 1,477,513 |
Pool | 42,084 |  |  | 75,785 |
IBNR and other | 1,118 |  |  | 1,775 |
LAE | 1,335 |  |  | 3,542 |
Total pool reserves | 44,537 |  |  | 81,102 |
Total first-lien reserves | 975,536 |  |  | 1,558,615 |
Second-lien and other (3) | 863 |  |  | 1,417 |
Total reserve for losses | $ | 976,399 |  |  | $ | 1,560,032 |
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(1) | Primarily related to expected payments under the Freddie Mac Agreement.
(2) | Primarily represents ceded losses on captive transactions and the QSR Transactions.
(3) | Does not include our Second-lien PDR that is included in other liabilities.
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block] | The following table presents information relating to our reserve for losses, including our IBNR reserve and LAE but excluding Second-lien PDR, for the periods indicated:
| Year Ended December 31,
(In thousands) | 2015 |  | 2014 |  | 2013 |
Mortgage Insurance |  |  |  |  |  |
Balance at January 1 | $ | 1,560,032 |  |  | $ | 2,164,353 |  |  | $ | 3,083,608 |  |
Less reinsurance recoverables (1) | 26,665 |  |  | 38,363 |  |  | 83,238 |  |
Balance at January 1, net of reinsurance recoverables | 1,533,367 |  |  | 2,125,990 |  |  | 3,000,370 |  |
Add losses and LAE incurred in respect of default notices reported and unreported in: |  |  |  |  |  |
Current year (2) | 229,061 |  |  | 351,184 |  | (3) | 519,188 |  | (3)
Prior years | (29,647 | ) |  | (105,545 | ) |  | 45,460 |  |
Total incurred | 199,414 |  |  | 245,639 |  |  | 564,648 |  |
Deduct paid claims and LAE related to: |  |  |  |  |  |
Current year (2) | 10,837 |  |  | 13,562 |  |  | 35,108 |  |
Prior years | 753,831 |  |  | 824,700 |  |  | 1,403,920 |  |
Total paid | 764,668 |  |  | 838,262 |  |  | 1,439,028 |  |
Balance at end of period, net of reinsurance recoverables | 968,113 |  |  | 1,533,367 |  |  | 2,125,990 |  |
Add reinsurance recoverables (1) | 8,286 |  |  | 26,665 |  |  | 38,363 |  |
Balance at December 31 | $ | 976,399 |  |  | $ | 1,560,032 |  |  | $ | 2,164,353 |  |
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(1) | Related to ceded losses on captive reinsurance transactions and the QSR Transactions. See Note 8 for additional information.
(2) | 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.
(3) | 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 years ended December 31, 2014 and 2013, 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 $71.8 million and $65.0 million, respectively, with equal and offsetting adjustments to the amount previously reported for default notices reported and unreported in prior years.

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- Definition The entire disclosure for the present values of future benefits to be paid to or on behalf of policyholders and related expenses less the present value of future net premiums using assumptions such as estimates of expected investment yields, mortality, morbidity, terminations and expenses, applicable at the time the insurance contracts are made and unpaid claim costs relating to insurance contracts including estimates of costs relating to incurred but not reported claims based on the estimated ultimate cost of settling the claims (including effects of inflation and other societal and economic factors), using past experience adjusted for current trends and any other factors that would modify past experience by element such as business segment, country and interest rate range. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.13) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 16 -Article 12 + Details
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- Definition Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6482485&loc=d3e14764-158437 + Details
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