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Note 10 - Losses and LAE (Tables) | 9 Months Ended
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Sep. 30, 2017
Insurance Loss Reserves [Abstract] |
Schedule of Liability for Future Policy Benefits, by Product Segment [Table Text Block] | The following table shows our reserve for losses and LAE by category at the end of each period indicated:
(In thousands) | September 30, 2017 |  | December 31, 2016
Reserves for losses by category: |  |  |
Prime | $ | 296,885 |  |  | $ | 379,845 |
Alt-A | 112,033 |  |  | 148,006 |
A minus and below | 78,048 |  |  | 101,653 |
IBNR and other (1) | 13,085 |  |  | 71,107 |
LAE | 14,687 |  |  | 18,630 |
Reinsurance recoverable (2) | 7,445 |  |  | 6,816 |
Total primary reserves | 522,183 |  |  | 726,057 |
Pool | 18,630 |  |  | 31,853 |
IBNR and other | 14,576 |  |  | 673 |
LAE | 550 |  |  | 932 |
Reinsurance recoverable (2) | 25 |  |  | 35 |
Total pool reserves | 33,781 |  |  | 33,493 |
Total First-lien reserves | 555,964 |  |  | 759,550 |
Other (3) | 524 |  |  | 719 |
Total reserve for losses | $ | 556,488 |  |  | $ | 760,269 |
______________________
(1) | At December 31, 2016, primarily related to expected payments under the Freddie Mac Agreement. During the third quarter of 2017, the scheduled final settlement date under the Freddie Mac Agreement occurred and therefore, except for loans with loss mitigation and claims activity already in process, most of the loans subject to the Freddie Mac Agreement were removed from RIF and IIF because the insurance no longer remains in force. See “—Freddie Mac Agreement,” below for additional information.
(2) | Represents ceded losses on captive reinsurance transactions, the QSR Transactions and the Single Premium QSR Transaction.
(3) | Does not include our Second-lien premium deficiency reserve 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 our Second-lien premium deficiency reserve, for the periods indicated:
| Nine Months Ended September 30,
(In thousands) | 2017 |  | 2016
Balance at beginning of period | $ | 760,269 |  |  | $ | 976,399 |
Less: Reinsurance recoverables (1) | 6,851 |  |  | 8,286 |
Balance at beginning of period, net of reinsurance recoverables | 753,418 |  |  | 968,113 |
Add: Losses and LAE incurred in respect of default notices reported and unreported in: |  |  |
Current year (2) | 145,798 |  |  | 152,320 |
Prior years | (45,331 | ) |  | (3,906 | )
Total incurred | 100,467 |  |  | 148,414 |
Deduct: Paid claims and LAE related to: |  |  |
Current year (2) | 3,639 |  |  | 2,725 |
Prior years | 301,228 |  |  | 298,352 |
Total paid | 304,867 |  | (3) | 301,077 |
Balance at end of period, net of reinsurance recoverables | 549,018 |  |  | 815,450 |
Add: Reinsurance recoverables (1) | 7,470 |  |  | 6,484 |
Balance at end of period | $ | 556,488 |  |  | $ | 821,934 |
______________________
(1) | Related to ceded losses recoverable, if any, on captive reinsurance transactions, the QSR Transactions and the Single Premium QSR Transaction. See Note 7 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) | Includes the payment of $54.8 million made in connection with the scheduled final settlement of the Freddie Mac Agreement in the third quarter of 2017.

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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 + 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 -URI http://asc.fasb.org/extlink&oid=65670824&loc=d3e14764-158437 + Details
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