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Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Change in fair value of insured derivatives:    
Unrealized gains (losses) on insured derivatives $ 14 $ (22)
Net change in fair value of insured derivatives (5) (53)
Net gains (losses) on financial instruments at fair value and foreign exchange (9) 17
Net investment losses related to other-than-temporary impairments:    
Net investment losses related to other-than-temporary impairments (1) (2)
Net gains (losses) on extinguishment of debt 0 8
Other net realized gains (losses) (1) 3
Total revenues 73 77
Expenses:    
Losses and loss adjustment 72 94
Interest 51 48
Total expenses 169 197
Income (loss) before income taxes (96) (120)
Provision (benefit) for income taxes 2 (48)
Net income (loss) $ (98) $ (72)
Net income (loss) per common share:    
Basic $ (1.12) $ (0.55)
Diluted $ (1.12) $ (0.55)
Weighted average number of common shares outstanding:    
Basic [1] 88,131,373 131,402,465
Diluted [1] 88,131,373 131,402,465
Non Variable Interest Entity [Member]    
Premiums earned:    
Scheduled premiums earned $ 23 $ 28
Refunding premiums earned 17 21
Premiums earned (net of ceded premiums of $1 and $1) 40 49
Net investment income 31 52
Fees and reimbursements 6 2
Change in fair value of insured derivatives:    
Realized gains (losses) and other settlements on insured derivatives (19) (31)
Unrealized gains (losses) on insured derivatives 14 (22)
Net change in fair value of insured derivatives (5) (53)
Net gains (losses) on financial instruments at fair value and foreign exchange (9) 17
Net investment losses related to other-than-temporary impairments:    
Investment losses related to other-than-temporary impairments 0 0
Other-than-temporary impairments recognized in accumulated other comprehensive income (loss) (1) (2)
Net investment losses related to other-than-temporary impairments (1) (2)
Net gains (losses) on extinguishment of debt 0 8
Other net realized gains (losses) (1) 3
Expenses:    
Losses and loss adjustment 72 94
Amortization of deferred acquisition costs 4 7
Operating 20 29
Interest 51 48
Variable Interest Entity Primary Beneficiary [Member]    
Premiums earned:    
Net investment income 8 6
Change in fair value of insured derivatives:    
Net gains (losses) on financial instruments at fair value and foreign exchange 4 (33)
Net investment losses related to other-than-temporary impairments:    
Other net realized gains (losses) 0 28
Expenses:    
Operating 2 2
Interest $ 20 $ 17
[1]
Includes 0.3 million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for the three months ended March 31, 2018 and 2017.