Radian (RDN) 10-Q 6 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information Document	9 Months Ended
	Sep. 30, 2014	Nov. 03, 2014
Document Information [Line Items]	'	'
Entity Registrant Name	'Radian Group Inc.	'
Entity Central Index Key	'0000890926	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	191,051,817
Entity Well-known Seasoned Issuer	'Yes	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) Statement (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
ASSETS	'	'
Fixed-maturities held to maturity—at amortized cost (fair value $50 and $351)	$50	$358
Fixed-maturities available for sale—at fair value (amortized cost $448,155 and $120,385)	450,670	120,553
Equity securities available for sale—at fair value (cost $78,106 and $78,106)	144,593	135,168
Trading securities—at fair value	2,479,496	3,117,429
Short-term investments—at fair value	1,778,433	1,429,228
Other invested assets—(including variable interest entity (“VIE”) assets at fair value of $82,502 and $81,000)	122,159	128,421
Total investments	4,975,401	4,931,157
Cash	31,908	23,858
Restricted cash	16,509	22,527
Deferred policy acquisition costs	60,140	66,926
Accrued investment income	26,043	30,264
Accounts and notes receivable	93,644	75,106
Property and equipment, at cost (less accumulated depreciation of $104,503 and $101,625)	22,077	10,516
Derivative assets	24,213	16,642
Deferred income taxes, net	0	17,902
Reinsurance recoverables	23,335	46,846
Goodwill and other intangible assets, net	293,632	2,300
Other assets (including VIE other assets of $88,219 and $92,023)	392,789	377,647
Total assets	5,959,691	5,621,691
LIABILITIES AND STOCKHOLDERS’ EQUITY	'	'
Unearned premiums	796,742	768,871
Reserve for losses and loss adjustment expense (“LAE”)	1,620,351	2,185,421
Long-term debt	1,201,069	930,072
VIE debt—at fair value	91,232	94,645
Derivative liabilities (including VIE derivative liabilities of $46,653 and $68,457)	185,258	307,185
Other liabilities (including VIE accounts payable of $221 and $254)	330,638	395,852
Total liabilities	4,225,290	4,682,046
Commitments and Contingencies (Note 16)	'	'
Stockholders’ equity	'	'
Common stock: par value $.001 per share; 485,000,000 shares authorized at September 30, 2014 and December 31, 2013, respectively; 208,597,427 and 190,636,972 shares issued at September 30, 2014 and December 31, 2013, respectively; 191,049,937 and 173,099,515 shares outstanding at September 30, 2014 and December 31, 2013, respectively	209	191
Treasury stock, at cost: 17,547,490 and 17,537,457 shares at September 30, 2014 and December 31, 2013, respectively	-892,961	-892,807
Additional paid-in capital	2,599,183	2,347,104
Retained deficit	-21,044	-552,226
Accumulated other comprehensive income (“AOCI”)	49,014	37,383
Total stockholders’ equity	1,734,401	939,645
Total liabilities and stockholders’ equity	$5,959,691	$5,621,691

Balance_Sheet_Parenthetical_Pa

Balance Sheet Parenthetical (Parentheticals) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Held-to-maturity Securities, Fair Value Disclosure	$50	$351
Available-for-sale Debt Securities, Amortized Cost Basis	448,155	120,385
Available-for-sale Equity Securities, Amortized Cost Basis	78,106	78,106
Variable Interest Entity Fair Value Of Other Invested Assets	82,502	81,000
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	104,503	101,625
Variable Interest Entity Carrying Amount Of Derivative Assets	0	0
Variable Interest Entity Other Assets	88,219	92,023
Variable Interest Entity Derivative Liabilities	46,653	68,457
Variable Interest Entity Accounts Payable And Other Liabilities	$221	$254
Common Stock, Par or Stated Value Per Share	$0.00	$0.00
Common Stock, Shares Authorized	485,000,000	485,000,000
Common Stock, Shares, Issued	208,597,427	190,636,972
Common Stock, Shares, Outstanding	191,049,937	173,099,515
Treasury Stock, Shares	17,547,490	17,537,457

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues:	'	'	'	'
Net premiums earned—insurance	$227,156	$211,984	$646,935	$617,696
Services revenue	42,243	0	42,243	0
Net investment income	26,178	26,732	76,144	81,220
Net (losses) gains on investments	-7,839	-7,132	103,831	-142,891
Change in fair value of derivative instruments	19,360	10,778	126,923	-70,357
Net gains (losses) on other financial instruments	982	902	-229	-3,585
Other income	1,171	1,314	4,115	5,319
Total revenues	309,251	244,578	999,962	487,402
Expenses:	'	'	'	'
Policyholder Benefits and Claims Incurred, Net and Including Change in Reserves for Premium Deficiency	42,526	154,849	167,527	427,821
Policy acquisition costs	6,034	7,958	23,069	35,159
Direct cost of services	23,896	0	23,896	0
Other operating expenses	56,262	70,974	181,722	212,055
Interest expense	23,989	19,570	66,264	54,871
Amortization of intangible assets	3,294	0	3,294	0
Total expenses	156,001	253,351	465,772	729,906
Equity in net (loss) income of affiliates	0	0	-13	1
Pretax income (loss)	153,250	-8,773	534,177	-242,503
Income tax (benefit) provision	-340	3,909	2,995	-9,149
Net income (loss)	$153,590	($12,682)	$531,182	($233,354)
Basic net income (loss) per share	$0.80	($0.07)	$2.91	($1.43)
Diluted net income (loss) per share	$0.67	($0.07)	$2.37	($1.43)
Weighted-average number of common shares outstanding—basic	191,050	171,830	182,357	162,828
Weighted-average number of common and common equivalent shares outstanding—diluted	238,067	171,830	230,662	162,828
Dividends per share	$0.00	$0.00	$0.01	$0.01

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net income (loss)	$153,590	($12,682)	$531,182	($233,354)
Foreign currency translation adjustments:	'	'	'	'
Unrealized foreign currency translation adjustment	-186	0	-186	0
Less: Reclassification adjustment for net gains (losses) included in net income (loss)	0	0	0	0
Net foreign currency translation adjustments	-186	0	-186	0
Unrealized (losses) gains on investments:	'	'	'	'
Unrealized holding (losses) gains arising during the period	-2,236	4,978	11,530	13,924
Less: Reclassification adjustment for net (losses) gains included in net income (loss)	-419	304	-287	879
Net unrealized (losses) gains on investments	-1,817	4,674	11,817	13,045
Other comprehensive (loss) income, net of tax	-2,003	4,674	11,631	13,045
Comprehensive income (loss)	$151,587	($8,008)	$542,813	($220,309)

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Changes in Common Stockholders' Equity (Unaudited) (USD $)	Total	Parent	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Deficit	Accumulated Other Comprehensive Income (Loss)
In Thousands, unless otherwise specified
Balance, at Dec. 31, 2012	'	$736,325	$151	($892,094)	$1,967,414	($355,241)	$16,095
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'
Net income (loss)	-233,354	-233,354	'	'	'	-233,354	'
Net foreign currency translation adjustment, net of tax	0	'	'	'	'	'	'
Net unrealized gain on investments, net of tax	13,045	13,045	'	'	'	'	13,045
Repurchases of common stock under incentive plans	'	-713	'	-713	'	'	'
Issuance of common stock - stock offering	'	299,410	39	'	299,371	'	'
Issuance of common stock under benefit plans	'	643	'	'	643	'	'
Issuance of common stock under incentive plans	'	63	1	'	62	'	'
Amortization of restricted stock	'	3,883	'	'	3,883	'	'
Issuance of convertible debt	'	77,026	'	'	77,026	'	'
Stock-based compensation expense, net	'	-608	'	'	-608	'	'
Dividends declared	'	-1,200	'	'	-1,200	'	'
Balance, at Sep. 30, 2013	'	894,520	191	-892,807	2,346,591	-588,595	29,140
Balance, at Dec. 31, 2013	939,645	939,645	191	-892,807	2,347,104	-552,226	37,383
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'
Net income (loss)	531,182	531,182	'	'	'	531,182	'
Net foreign currency translation adjustment, net of tax	-186	-186	'	'	'	'	-186
Net unrealized gain on investments, net of tax	11,817	11,817	'	'	'	'	11,817
Repurchases of common stock under incentive plans	'	-154	'	-154	'	'	'
Issuance of common stock - stock offering	'	247,188	18	'	247,170	'	'
Issuance of common stock under benefit plans	'	922	'	'	922	'	'
Issuance of common stock under incentive plans	'	175	'	'	175	'	'
Amortization of restricted stock	'	6,283	'	'	6,283	'	'
Stock-based compensation expense, net	'	-1,083	'	'	-1,083	'	'
Dividends declared	'	-1,388	'	'	-1,388	'	'
Balance, at Sep. 30, 2014	$1,734,401	$1,734,401	$209	($892,961)	$2,599,183	($21,044)	$49,014

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash flows used in operating activities	($223,270)	($567,642)
Cash flows from investing activities:	'	'
Proceeds from sales of fixed-maturity investments available for sale	54,030	19,124
Proceeds from sales of trading securities	721,531	1,155,310
Proceeds from redemptions of fixed-maturity investments available for sale	8,056	7,721
Proceeds from redemptions of fixed-maturity investments held to maturity	300	255
Proceeds from redemptions of equity securities available for sale	0	10,503
Purchases of fixed-maturity investments available for sale	-386,593	-80,758
Purchases of trading securities	0	-507,034
Purchases of short-term investments, net	-349,313	-646,098
Sales of other assets, net	7,765	15,311
Purchases of property and equipment, net	-12,030	-3,677
Acquisitions, net of cash acquired	-294,869	0
Net cash used in investing activities	-251,123	-29,343
Cash flows from financing activities:	'	'
Dividends paid	-1,388	-1,200
Proceeds/payments related to issuance or exchange of debt, net	293,809	381,165
Redemption of long-term debt	-57,223	-79,372
Issuance of common stock	247,188	299,410
Excess tax benefits from stock-based awards	106	752
Net cash provided by financing activities	482,492	600,755
Effect of exchange rate changes on cash	-49	0
(Decrease) increase in cash	8,050	3,770
Cash, beginning of period	23,858	31,555
Cash, end of period	31,908	35,325
Supplemental disclosures of cash flow information:	'	'
Income taxes paid	8,496	2,414
Interest paid	$26,058	$18,172

Note_1_Condensed_Consolidated_

Note 1 - Condensed Consolidated Financial Statements - Basis of Presentation and Business Overview (Notes)	9 Months Ended
	Sep. 30, 2014
Condensed Consolidated Financial Statements Basis Of Presentation [Abstract]	'
Condensed Consolidated Financial Statements - Basis of Presentation and Business Overview	'
	Condensed Consolidated Financial Statements—Basis of Presentation and Business Overview
	Our condensed consolidated financial statements include the accounts of Radian Group Inc. and its subsidiaries. We refer to Radian Group Inc. together with its consolidated subsidiaries as “Radian,” the “Company,” “we,” “us” or “our,” unless the context requires otherwise. We generally refer to Radian Group Inc. alone, without its consolidated subsidiaries, as “Radian Group.” Unless otherwise defined in this report, certain terms and acronyms used throughout this report are defined in the Glossary of Abbreviations and Acronyms included as part of this report.
	Our condensed consolidated financial statements are prepared in accordance with GAAP and include the accounts of all wholly-owned subsidiaries. Companies in which we, or one of our subsidiaries, exercise significant influence (generally ownership interests ranging from 20% to 50%), are accounted for in accordance with the equity method of accounting. VIEs for which we are the primary beneficiary are consolidated, as described in Note 5. All intercompany accounts and transactions, and intercompany profits and losses, have been eliminated. We have condensed or omitted certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with GAAP pursuant to the instructions set forth in Article 10 of Regulation S-X of the SEC.
	The financial information presented for interim periods is unaudited; however, such information reflects all adjustments that are, in the opinion of management, necessary for the fair statement of the financial position, results of operations, comprehensive income and cash flows for the interim periods presented. Such adjustments are of a normal recurring nature. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. These interim financial statements should be read in conjunction with the audited financial statements and notes thereto included in our 2013 Form 10-K. The results of operations for interim periods are not necessarily indicative of results to be expected for the full year or for any other period. Certain prior period amounts have been reclassified to conform to current period presentation.
	The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. While the amounts included in our condensed consolidated financial statements include our best estimates and assumptions, actual results may vary materially.
	In July 2013, the FASB issued an update to the accounting standard regarding income taxes. This update provides guidance concerning the balance sheet presentation of an unrecognized tax benefit when a Carryforward is available. We adopted this update in the first quarter of 2014. See Note 13 for additional information.
	In April 2014, the FASB issued an update regarding reporting discontinued operations and disclosures of disposals of components of an entity. This update changes the requirements for reporting discontinued operations. A disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents (or would represent) a strategic shift that has (or will have) a major effect on an entity’s operations and financial results when any of the following occurs: (i) the component of an entity or group of components of an entity meets the criteria to be classified as held for sale; (ii) the component of an entity or group of components of an entity is disposed of by sale; or (iii) the component of an entity or group of components of an entity is disposed of other than by sale (for example, by abandonment or in a distribution to owners in a spin-off). The amendments in this update require expanded disclosures about discontinued operations. The provisions of this update are effective for all disposals (or classifications as held for sale) of components of an entity that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years. Early adoption is permitted, but only for disposals (or classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. We are currently evaluating the impact of this update, if any.
	In May 2014, the FASB issued an update to the accounting standard regarding revenue recognition. This update is intended to provide a consistent approach in recognizing revenue. In accordance with the new standard, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the new standard requires that reporting companies disclose the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. While this update does not change revenue recognition principles related to our insurance and derivative products, this update may be applicable to revenues from our new mortgage and real estate services segment, which has been included in our condensed consolidated statements of operations beginning with the third quarter of 2014. The provisions of this update are effective for interim and annual periods beginning after December 15, 2016. We are currently evaluating the impact of this update, if any.
	In August 2014, the FASB issued an update regarding measuring the financial assets and the financial liabilities of a consolidated collateralized financing entity. A reporting entity that consolidates a collateralized financing entity may elect to measure the financial assets and the financial liabilities of that collateralized financing entity using either the measurement alternative included in this update or the accounting standard regarding fair value measurement. When a reporting entity elects the measurement alternative included in this update, consolidated net income (loss) should reflect the reporting entity’s own economic interests in the collateralized financing entity, including (i) changes in the fair value of the beneficial interests retained by the reporting entity and (ii) beneficial interests that represent compensation for services. This update also clarifies that, when using the accounting standard regarding fair value measurement, (a) the fair value of the financial assets and liabilities of the consolidated entity should be measured using the accounting standard regarding fair value measurement and (b) any differences in the fair value of the financial assets and liabilities of that consolidated entity should be reflected in earnings. This update is effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. A reporting entity may apply the amendments in this update using a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the annual period of adoption. We are currently evaluating the impact of this update, if any.
	Business Overview
	We are a credit enhancement company with a primary strategic focus on domestic, residential mortgage insurance on First-lien mortgage loans. We currently have three operating business segments—mortgage insurance, financial guaranty and mortgage and real estate services.
	Mortgage Insurance
	Our mortgage insurance segment provides credit-related insurance coverage, principally through private mortgage insurance, to mortgage lending institutions. We provide our mortgage insurance products and services mainly through our wholly-owned subsidiary, Radian Guaranty. Private mortgage insurance protects mortgage lenders from all or a portion of default-related losses on residential mortgage loans made to home buyers who generally make down payments of less than 20% of the home’s purchase price. Private mortgage insurance also facilitates the sale of these mortgage loans in the secondary mortgage market, most of which are sold to the GSEs.
	Our mortgage insurance segment offers primary mortgage insurance coverage on residential First-liens. At September 30, 2014, primary insurance on First-liens comprised approximately 96.5% of our $44.0 billion total direct RIF. In the past, we also wrote pool insurance, which at September 30, 2014, comprised approximately 3.3% of our total direct RIF. Additionally, we offered other forms of credit enhancement on residential mortgage assets. These products included mortgage insurance on Second-liens, credit enhancement on NIMS, and primary mortgage insurance on international mortgages (collectively, we refer to the risk associated with these transactions as “non-traditional”). Our non-traditional RIF was $79.9 million as of September 30, 2014, representing less than 1% of our total direct RIF.
	Financial Guaranty
	Our financial guaranty segment has provided direct insurance and reinsurance on credit-based risks through Radian Asset Assurance, our principal financial guaranty subsidiary. Radian Asset Assurance is a wholly-owned subsidiary of Radian Guaranty, which has allowed our financial guaranty business to serve as an important source of capital for Radian Guaranty and our mortgage insurance business. We have provided financial guaranty credit protection in several forms, including through the issuance of financial guaranty policies, by insuring the obligations under one or more CDS and through the reinsurance of both types of obligations. While we discontinued writing new financial guaranty business in 2008, we continue to provide financial guaranty insurance on our existing portfolio, which primarily consists of public finance and structured finance insured transactions. We have continued to reduce our financial guaranty exposures in order to mitigate uncertainty, maximize the ultimate capital and liquidity available for our mortgage insurance business and accelerate access to that capital and liquidity through transactions such as risk commutations, ceded reinsurance, discounted insured bond purchases and transaction settlements and terminations. In light of the proposed PMIERs, which do not provide Radian Guaranty with any credit for its investment in Radian Asset Assurance, we are actively pursuing alternatives to monetize Radian Asset Assurance, including a potential sale of the business, and we are exploring other alternatives to utilize the capital at Radian Asset Assurance in a manner that provides credit for Radian Asset Assurance under the PMIERs. Due to the dynamic nature of these pursuits, the range of factors that could impact negotiations regarding a potential sale or other transaction and the inherent uncertainty of the outcome of such matters, it is possible that any price we are able to realize with respect to the business could differ materially from the current carrying value of the related assets and liabilities reflected in our condensed consolidated financial statements as of September 30, 2014.
	Mortgage and Real Estate Services
	Our mortgage and real estate services segment provides services and solutions to the mortgage and real estate industries, primarily through Clayton, as further described below.
	Recent Developments
	Acquisition of Clayton
	On June 30, 2014, we acquired all of the outstanding equity interests of Clayton for a cash purchase price, including working capital adjustments, of approximately $312 million. The acquisition is consistent with Radian’s growth and diversification strategy to pursue opportunities to provide additional mortgage- and real estate-related products and services to the mortgage finance market and complements Radian’s existing mortgage-related products and services.
	Clayton is a leading provider of services and solutions to the mortgage and real estate industries, providing outsourced services, information-based analytics and specialty consulting for buyers and sellers of, and investors in, mortgage- and real estate-related loans and securities and other debt instruments. Clayton’s primary services include:
	•	Loan Review/Due Diligence—Loan-level due diligence for the mortgage and RMBS markets utilizing skilled professionals and proprietary technology, with offerings focused on credit underwriting, regulatory compliance and collateral valuation;
	•	Surveillance—Third-party performance oversight, risk management and consulting services, with offerings focused on RMBS surveillance, loan servicer oversight, loan-level servicing compliance reviews and operational reviews of mortgage servicers and originators;
	•	Component Services—Outsourced solutions focused on the single family rental market, including valuations, property inspections, title reviews, lease reviews and due diligence reviews for single family rental securitizations;
	•	REO Management—REO asset management, which includes management of the entire REO disposition process for our clients; and
	•	EuroRisk—Outsourced mortgage services in the United Kingdom and Europe, with offerings that include due diligence services, quality control reviews, valuation reviews and consulting services.
	The acquisition of Clayton was treated as a purchase for accounting purposes. Therefore, the assets and liabilities were recorded based on their fair values as of June 30, 2014, the date of acquisition. At acquisition, the fair value of assets acquired was $152.4 million and the fair value of liabilities assumed was $31.8 million. The excess of the acquisition price over the estimated fair value of the net assets acquired resulted in goodwill of $191.9 million. The goodwill represents the estimated future economic benefits arising from the assets acquired that did not qualify to be identified and recognized individually, and includes the value of discounted expected future cash flows of Clayton, Clayton’s workforce, expected synergies with our other affiliates and other unidentifiable intangible assets. Goodwill is deemed to have an indefinite useful life and is subject to review for impairment annually, or more frequently, whenever circumstances indicate potential impairment. Currently, we believe approximately $189.0 million of the goodwill related to this transaction will be deductible for tax purposes over a period of 15 years. See Note 7 for additional information regarding goodwill and other intangible assets.
	The allocation of the purchase price, based on the fair values of assets and liabilities as of the acquisition date, was as follows:
	(in thousands)	June 30,
		2014
	Cash	$	16,521
	Restricted cash	1,591
	Accounts receivable, net	11,236
	Property and equipment, net	2,419
	Goodwill	191,932
	Other intangible assets, net	102,750
	Other assets	17,852
	Less:
	Other liabilities	31,803
	Total purchase price	$	312,498
	The results of Clayton’s operations have been included in our financial statements from the date of acquisition, and are reflected in our mortgage and real estate services segment. Historical results for Clayton for the periods prior to our acquisition were not material to our consolidated financial results for those periods.
	We used proceeds from our May 2014 issuance of debt and equity to fund this acquisition. See Notes 7, 11 and 18 for additional information related to the goodwill and other intangible assets resulting from this acquisition and the issuance of debt and equity, respectively. Acquisition-related costs, which include costs such as advisory, legal, accounting, valuation and other professional or consulting fees, have been expensed as incurred and classified as other operating expenses. During the third quarter of 2014, previously estimated acquisition-related costs were adjusted to reflect actual amounts, resulting in a $0.4 million reduction in other operating expenses. During the nine-month period ended September 30, 2014, total acquisition-related costs of $6.3 million have been recognized as other operating expenses.
	BofA Settlement Agreement
	As previously disclosed, we have been in settlement discussions with one servicer regarding a large population of disputed rescissions, denials, curtailments, and potential insurance cancellations. On September 16, 2014, Radian Guaranty entered into the BofA Settlement Agreement with this servicer in order to resolve various actual and potential claims or disputes related to the mortgage insurance coverage on these loans. Implementation of the BofA Settlement Agreement remains subject to the consent of the GSEs. In addition, loans subject to the BofA Settlement Agreement that were either not held in portfolio by the Insureds or were purchased by non-GSE investors, require the consent of certain other investors for these loans to be included in the BofA Settlement Agreement other than with respect to certain limited rights of cancellation which will apply to such loans as of the Implementation Date. The consent of these other investors, who hold approximately 12% of the number of Subject Loans, is not a condition precedent to the implementation of the BofA Settlement Agreement. The BofA Settlement Agreement provides that either party may terminate the BofA Settlement Agreement if consent of the GSEs is not received by November 15, 2014, except that the parties can agree to an extension and neither party can refuse an extension while any party is actively seeking consent from the GSEs. The parties are currently in the process of seeking consent from the GSEs. See Note 9 for additional information about the BofA Settlement Agreement.
	Business Conditions
	As a seller of credit protection, our results are subject to macroeconomic conditions and specific events that impact the mortgage origination environment and the credit performance of our underlying insured assets. The financial crisis and the downturn in the housing and related credit markets that began in 2007 has had a significant negative impact on the operating environment and results of operations for our mortgage insurance and financial guaranty business segments. This was characterized by a decrease in mortgage originations, a broad decline in home prices, mortgage servicing and foreclosure delays, and ongoing deterioration in the credit performance of mortgage and other assets originated prior to 2009, together with macroeconomic factors such as high unemployment, limited employment growth, limited economic growth and a lack of meaningful liquidity in many sectors of the capital markets. More recently, we are experiencing a period of economic recovery and the operating environment for our mortgage insurance and financial guaranty businesses has improved. Our results of operations have continued to improve as the negative impact from losses in our Legacy Portfolio has been reduced and we continue to write insurance on higher credit quality loans. As of September 30, 2014, our Legacy Portfolio had been reduced to approximately 33% of our total primary RIF, while insurance on loans written after 2008 constituted approximately 67% of our total primary RIF.
	Although the U.S. economy and certain housing markets remain weak compared to historical standards, home prices have been appreciating on a broad basis throughout the U.S., foreclosure activity has declined and the credit quality of recent mortgage market originations continues to be significantly better than the credit quality of our Legacy Portfolio. In addition, there are positive indications of a broader recovery in the U.S. economy, including importantly, a reduction in unemployment rates. As a consequence of these and other factors, in the first nine months of 2014 we have experienced improvement in our results of operations, driven primarily by a significant reduction in our incurred losses as a result of a 20% decline in new primary mortgage insurance defaults compared to the first nine months of 2013 and by other positive default and claim developments.
	Currently, our business strategy is primarily focused on: (1) growing our mortgage insurance business by writing insurance on high-quality mortgages in the U.S.; (2) pursuing other potential opportunities for providing credit-related services to the mortgage finance market, such as expanding our presence in the mortgage finance market through Clayton; (3) continuing to manage losses in our legacy mortgage insurance and financial guaranty portfolios; (4) continuing to reduce our legacy mortgage insurance and financial guaranty exposures; and (5) continuing to effectively manage our capital and liquidity positions, including efforts to ensure compliance with the PMIERs Financial Requirements.
	Our businesses also are significantly impacted by, and our future success may be dependent upon, legislative and regulatory developments impacting the housing finance industry. The FHA remains our primary competitor outside of the private mortgage insurance industry. The current federal charters of the GSEs generally prohibit them from purchasing any mortgage with a loan amount that exceeds 80% of a home’s value, unless that mortgage is insured by a qualified mortgage insurer, or the mortgage seller retains at least a 10% participation in the loan or agrees to repurchase the loan in the event of a default. As a result, high LTV mortgages purchased by the GSEs generally are insured with private mortgage insurance. Changes in the charters or business practices of the GSEs, including the introduction of alternatives to private mortgage insurance as a condition to purchasing high LTV loans, could reduce the number of mortgages they purchase that are insured by us and consequently diminish our franchise value.
	The GSEs are in the process of revising their eligibility requirements for private mortgage insurers. As part of this process, the FHFA released proposed PMIERs for public comment on July 10, 2014. The PMIERs, when finalized and adopted, will establish the revised requirements that the GSEs will impose on private mortgage insurers, including Radian Guaranty, to remain eligible insurers of mortgage loans purchased by the GSEs. The proposed PMIERs include the PMIERs Financial Requirements, which are expected to replace the capital adequacy standards under the current GSE eligibility requirements. The proposed PMIERs Financial Requirements require a mortgage insurer’s Available Assets to meet or exceed Minimum Required Assets that are calculated based on RIF and a variety of measures designed to evaluate credit quality. Among other things, the proposed PMIERs exclude from Available Assets: (i) Unearned Premium Reserves; and (ii) certain subsidiary capital, including Radian Guaranty’s capital that is attributable to its ownership of Radian Asset Assurance.
	The public comment period for the proposed PMIERs ended on September 8, 2014. The FHFA is currently reviewing and considering input before adopting the final PMIERs. All aspects of the final PMIERs are expected to become effective 180 days after their final publication. Approved insurers who fail to meet the PMIERs Financial Requirements when they become effective 180 days after their publication may operate under a transition plan during an extended transition period of up to two years from the final publication date and would continue to be eligible insurers during that period. Based on an estimated final publication date of the end of 2014, we expect Radian Guaranty to have a transition period through January 1, 2017 to comply with the PMIERs Financial Requirements.
	Under state insurance regulations, Radian Guaranty is required to maintain minimum surplus levels and, in certain states, a minimum ratio of statutory capital relative to the level of net RIF, or “Risk-to-capital.” The sixteen RBC States currently impose a Statutory RBC Requirement. The most common Statutory RBC Requirement is that a mortgage insurer’s Risk-to-capital may not exceed 25 to 1. In certain of the RBC States there is a Statutory RBC Requirement that a mortgage insurer satisfy an MPP Requirement. The statutory capital requirements for the non-RBC States are de minimis (ranging from $1 million to $5 million); however, the insurance laws of these states generally grant broad supervisory powers to state agencies or officials to enforce rules or exercise discretion affecting almost every significant aspect of the insurance business, including the power to revoke or restrict an insurance company’s ability to write new business. Unless an RBC State grants a waiver or other form of relief, if a mortgage insurer is not in compliance with the Statutory RBC Requirement of such state, that mortgage insurer may be prohibited from writing new mortgage insurance business in that state. Radian Guaranty’s domiciliary state, Pennsylvania, is not one of the RBC States. As of September 30, 2014, Radian Guaranty was in compliance with all applicable Statutory RBC Requirements.
	Capital and Liquidity
	Since the financial crisis that began in 2007, we have engaged in a number of strategic actions and initiatives to respond to the negative economic and market conditions that impacted our businesses as well as to changes in the regulatory environment. These actions, many of which are ongoing, include the following:
	•	We significantly tightened our mortgage insurance underwriting standards to focus primarily on insuring high credit quality First-liens originated in the U.S., and we ceased writing mortgage insurance on non-traditional and other inherently riskier products.
	•	We expanded our claims management and loss mitigation efforts to better manage losses in the weak housing market and high default and claim environment.
	•	We discontinued writing new financial guaranty business and Radian Group contributed its ownership interest in Radian Asset Assurance to Radian Guaranty. This structure makes the capital adequacy of our mortgage insurance business dependent, to a significant degree, on the successful run-off of our financial guaranty business. This provides Radian Guaranty with substantial statutory capital and, through dividends from Radian Asset Assurance, has increased liquidity at Radian Guaranty. If the proposed PMIERs become effective in their current form, however, Radian Guaranty’s ownership of Radian Asset Assurance would not be included in Radian Guaranty’s Available Assets. Under current SAP, Radian Guaranty would continue to treat its investment in Radian Asset Assurance as an admitted asset regardless of the form of the PMIERs.
	•	We reduced our legacy mortgage insurance portfolio, non-traditional mortgage insurance RIF and our financial guaranty portfolio through risk commutations, discounted security purchases, ceded reinsurance, discounted insured bond purchases and transaction settlements and terminations.
	Additionally, consistent with our strategy, we are pursuing the following initiatives:
	•	Since Radian Asset Assurance ceased writing new business in June 2008, Radian Asset Assurance has reduced its aggregate net par exposure by approximately 83% to $19.4 billion as of September 30, 2014. This reduction included large declines in many of the riskier segments of Radian Asset Assurance’s insured portfolio. In light of this risk reduction and the significant level of capital held by Radian Asset Assurance, Radian Asset Assurance declared and paid an Extraordinary Dividend of $150 million to Radian Guaranty in July 2014. Given the significant level of capital still remaining at Radian Asset Assurance, we currently expect to request approval from the NYSDFS for an additional Extraordinary Dividend in 2015. As of September 30, 2014, Radian Asset Assurance had $1.0 billion of statutory policyholders’ surplus.
	•	In light of the proposed PMIERs, which do not provide Radian Guaranty with any credit for its investment in Radian Asset Assurance, we are actively pursuing alternatives to monetize Radian Asset Assurance, including a potential sale of the business, and are exploring other alternatives to utilize the capital at Radian Asset Assurance in a manner that provides credit for Radian Asset Assurance under the PMIERs.
	•	We are also exploring alternatives that do not involve Radian Asset Assurance, including external reinsurance, in order to comply with the final form of the PMIERs Financial Requirements within the applicable transition period.
In May 2014, Radian Group issued the Senior Notes due 2019 and received aggregate net proceeds of approximately $293.8 million after deducting underwriting discounts and commissions and offering expenses. See Note 11 for further information. Also in May 2014, we issued 17.825 million shares of our common stock at a public offering price of $14.50 per share, and we received aggregate net proceeds of approximately $247.2 million after deducting underwriting discounts and commissions and offering expenses. As discussed above, a portion of the proceeds from these offerings was used to fund the acquisition of Clayton.
In addition, on June 16, 2014, in accordance with their optional redemption provisions, we used a portion of the proceeds to redeem all of the remaining outstanding principal amount of the Senior Notes due 2015 at a price established in accordance with the governing indenture. We paid $57.2 million to holders of the notes at redemption and recorded a loss of $2.8 million.
As of September 30, 2014, Radian Group currently has available, either directly or through an unregulated subsidiary, unrestricted cash and liquid investments of approximately $762 million. This amount excludes certain additional cash and liquid investments that have been advanced from our subsidiaries for corporate expenses and interest payments. Substantially all of Radian Group’s obligations to pay corporate expenses and a significant portion of interest payments on outstanding debt are reimbursed to Radian Group through the expense-sharing arrangements currently in place with its subsidiaries.

Note_2_Segment_Reporting_Notes

Note 2 - Segment Reporting (Notes)	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure	'
	Segment Reporting
	Our mortgage insurance, financial guaranty and, effective with the June 30, 2014 acquisition of Clayton, mortgage and real estate services segments, are strategic business units that we manage separately. We allocate corporate income and expenses to our mortgage insurance and financial guaranty segments based on either an allocated percentage of time spent on each segment or internally allocated capital, which is based on the relative GAAP equity of each segment. We allocate corporate cash and investments to our mortgage insurance and financial guaranty segments based on internally allocated capital.
	Because the Clayton acquisition occurred on June 30, 2014, we have included its results of operations from the date of acquisition. We allocate to our mortgage and real estate services segment: (i) corporate expenses based on an allocated percentage of time spent on the mortgage and real estate services segment; and (ii) all interest expense related to the Senior Notes due 2019. No corporate cash or investments are allocated to the mortgage and real estate services segment.
	The results of operations for each segment for each reporting period can cause significant volatility in internally allocated capital based on relative GAAP equity, which can impact the allocations of income and expenses to our mortgage insurance and financial guaranty segments.
	Adjusted Pretax Operating Income (Loss)
	Our senior management, including our Chief Executive Officer (our chief operating decision maker), uses adjusted pretax operating income (loss) as our primary measure to evaluate the fundamental financial performance of the Company’s business segments and to allocate resources to the segments. Adjusted pretax operating income (loss) is defined as pretax income (loss) excluding the effects of net gains (losses) on investments and other financial instruments, acquisition-related expenses, amortization of intangible assets and net impairment losses recognized in earnings. It also excludes gains and losses related to changes in fair value estimates on insured credit derivatives and instead includes the impact of changes in the present value of expected insurance claims and recoveries on insured credit derivatives, based on our ongoing insurance loss monitoring, as well as premiums earned on insured credit derivatives. Management’s use of this measure as its primary measure to evaluate segment performance began with the quarter ended March 31, 2014. Accordingly, for comparison purposes, we also present the applicable measures from the corresponding periods of 2013 on a basis consistent with the current year presentation.
	Although adjusted pretax operating income (loss) excludes certain items that have occurred in the past and are expected to occur in the future, the excluded items represent those that are: (1) not viewed as part of the operating performance of our primary activities; or (2) not expected to result in an economic impact equal to the amount reflected in pretax income (loss). These adjustments, along with the reasons for their treatment, are described below.
	-1	Change in fair value of derivative instruments. Gains and losses related to changes in the fair value of insured credit derivatives are subject to significant fluctuation based on changes in interest rates, credit spreads (of both the underlying collateral as well as our credit spread), credit ratings and other market, asset-class and transaction-specific conditions and factors that may be unrelated or only indirectly related to our obligation to pay future claims. With the exception of the estimated present value of net credit (losses) recoveries incurred and net premiums earned on derivatives, discussed in items 2 and 3 below, we believe these gains and losses will reverse over time and consequently these changes are not expected to result in economic gains or losses. Therefore, these gains and losses are excluded from our calculation of adjusted pretax operating income (loss).
	-2	Estimated present value of net credit (losses) recoveries incurred. The change in present value of insurance claims we expect to pay or recover on insured credit derivatives represents the amount of the change in credit derivatives from item 1 above, that we expect to result in an economic loss or recovery based on our ongoing loss monitoring analytics. Therefore, this item is expected to have an economic impact and is included in our calculation of adjusted pretax operating income (loss). Also included in this item is the expected recovery of miscellaneous operating expenses associated with our consolidated VIEs.
	-3	Net premiums earned on derivatives. The net premiums earned on insured credit derivatives are classified as part of the change in fair value of derivative instruments discussed in item 1 above. However, since net premiums earned on derivatives are considered part of our fundamental operating activities, these premiums are included in our calculation of adjusted pretax operating income (loss).
	-4	Net gains (losses) on investments and other financial instruments. The recognition of realized investment gains or losses can vary significantly across periods as the activity is highly discretionary based on the timing of individual securities sales due to such factors as market opportunities, our tax and capital profile and overall market cycles. Unrealized investment gains and losses arise primarily from changes in the market value of our investments that are classified as trading. These valuation adjustments may not necessarily result in economic gains or losses. We do not view them to be indicative of our fundamental operating activities. Trends in the profitability of our fundamental operating activities can be more clearly identified without the fluctuations of these realized and unrealized gains or losses. Therefore, these items are excluded from our calculation of adjusted pretax operating income (loss).
	-5	Acquisition-related expenses. Acquisition-related expenses represent the costs incurred to effect an acquisition of a business (i.e., a business combination). Because we pursue acquisitions on a limited and selective basis and not in the ordinary course of our business, we do not view acquisition-related expenses as a consequence of a primary business activity. Therefore, we do not consider these expenses to be part of our operating performance and they are excluded from our calculation of adjusted pretax operating income (loss).
	-6	Amortization of intangible assets. Amortization of intangible assets represents the periodic expense required to amortize the cost of intangible assets over their estimated useful lives. These charges are not viewed as part of the operating performance of our primary activities and therefore are excluded from our calculation of adjusted pretax operating income (loss).
	-7	Net impairment losses recognized in earnings. The recognition of net impairment losses on investments can vary significantly in both size and timing, depending on market credit cycles. Intangible assets with an indefinite useful life are also periodically reviewed for potential impairment and impairment adjustments are made whenever appropriate. We do not view impairment losses on investments or intangibles to be indicative of our fundamental operating activities. Therefore, these losses are excluded from our calculation of adjusted pretax operating income (loss).
	Summarized financial information concerning our operating segments as of and for the periods indicated, is as follows:
		Three Months Ended September 30,						Nine Months Ended September 30,
	(In thousands)	2014			2013			2014			2013
	Mortgage Insurance
	Net premiums written—insurance	$	245,775		$	250,799		$	680,675		$	719,244
	Increase in unearned premiums	(27,948		)	(50,679		)	(60,440		)	(138,180		)
	Net premiums earned—insurance	217,827			200,120			620,235			581,064
	Net premiums earned on derivatives	—			—			—			—
	Net investment income	15,904			14,868			45,196			45,236
	Other income	1,130			1,250			3,813			5,121
	Total revenues	234,861			216,238			669,244			631,421
	Provision for losses	48,942			149,687			163,216			418,675
	Estimated present value of net credit (recoveries) losses incurred	(190		)	(74		)	129			(50		)
	Policy acquisition costs	4,240			5,839			18,003			24,072
	Other operating expenses	41,368			59,590			141,333			176,665
	Interest expense	7,936			4,447			19,713			10,820
	Total expenses	102,296			219,489			342,394			630,182
	Adjusted pretax operating income (loss)	$	132,565		$	(3,251	)	$	326,850		$	1,239
	NIW (in millions)	$	11,210		$	13,720		$	27,340		$	38,003
		Three Months Ended September 30,						Nine Months Ended September 30,
	(In thousands)	2014			2013			2014			2013
	Financial Guaranty
	Net premiums written—insurance	$	(1,523	)	$	43		$	(350	)	$	(9,988	)
	Decrease in unearned premiums	10,852			11,821			27,050			46,620
	Net premiums earned—insurance	9,329			11,864			26,700			36,632
	Net premiums earned on derivatives	2,882			4,170			9,673			14,019
	Net investment income	10,274			11,864			30,948			35,984
	Other income	41			64			302			198
	Total revenues	22,526			27,962			67,623			86,833
	Provision for losses	(6,416		)	5,162			4,311			9,146
	Estimated present value of net credit (recoveries) losses incurred	(475		)	3,347			10,303			(116		)
	Policy acquisition costs	1,794			2,119			5,066			11,087
	Other operating expenses	6,663			11,384			25,426			35,390
	Interest expense	11,629			15,123			42,127			44,051
	Total expenses	13,195			37,135			87,233			99,558
	Equity in net (loss) income of affiliates	—			—			(13		)	1
	Adjusted pretax operating income (loss)	$	9,331		$	(9,173	)	$	(19,623	)	$	(12,724	)
		Three Months Ended September 30,			Nine Months Ended September 30,
	(In thousands)	2014			2014
	Mortgage and Real Estate Services
	Services revenue	$	42,243		$	42,243
	Direct cost of services	23,896			23,896
	Gross profit on services	18,347			18,347
	Operating expenses	8,663			8,663
	Interest expense	4,424			4,424
	Total expenses	13,087			13,087
	Adjusted pretax operating income	$	5,260		$	5,260
		At September 30, 2014
	(In thousands)	Mortgage Insurance			Financial Guaranty			Mortgage and Real Estate Services			Total
Cash and investments	$	3,017,737		$	1,978,972		$	10,600		$	5,007,309
Restricted cash	11,574			73			4,862			16,509
Deferred policy acquisition costs	27,595			32,545			—			60,140
Goodwill	2,095			—			191,931			194,026
Other intangible assets, net	154			—			99,452			99,606
Total assets	3,447,406			2,175,773			336,512			5,959,691
Unearned premiums	625,269			171,473			—			796,742
Reserve for losses and LAE	1,588,131			32,220			—			1,620,351
VIE debt	3,196			88,036			—			91,232
Derivative liabilities	—			185,258			—			185,258
	At September 30, 2013
(In thousands)	Mortgage Insurance			Financial Guaranty			Total
Cash and investments	$	2,767,160		$	2,293,485		$	5,060,645
Restricted cash	22,890			101			22,991
Deferred policy acquisition costs	29,158			39,303			68,461
Total assets	3,238,224			2,520,349			5,758,573
Unearned premiums	535,420			216,167			751,587
Reserve for losses and LAE	2,314,785			32,094			2,346,879
VIE debt	11,109			93,109			104,218
Derivative liabilities	—			344,870			344,870
The reconciliation of adjusted pretax operating income (loss) to consolidated pretax income (loss) and consolidated net income (loss) is as follows:
	Three Months Ended September 30,						Nine Months Ended September 30,
(In thousands)	2014			2013			2014			2013
Adjusted pretax operating income (loss):
Mortgage insurance	$	132,565		$	(3,251	)	$	326,850		$	1,239
Financial guaranty	9,331			(9,173		)	(19,623		)	(12,724		)
Mortgage and real estate services	5,260			—			5,260			—
Total adjusted pretax operating income (loss)	$	147,156		$	(12,424	)	$	312,487		$	(11,485	)
Change in fair value of derivative instruments	19,360			10,778			126,923			(70,357		)
Less: Estimated present value of net credit recoveries (losses) incurred	665			(3,273		)	(10,432		)	166
Less: Net premiums earned on derivatives	2,882			4,170			9,673			14,019
Change in fair value of derivative instruments expected to reverse over time	15,813			9,881			127,682			(84,542		)
Net (losses) gains on investments	(7,839		)	(7,132		)	103,831			(142,891		)
Net gains (losses) on other financial instruments	982			902			(229		)	(3,585		)
Acquisition-related expenses	432			—			(6,300		)	—
Amortization of intangible assets	(3,294		)	—			(3,294		)	—
Consolidated pretax income (loss)	153,250			(8,773		)	534,177			(242,503		)
Income tax (benefit) provision	(340		)	3,909			2,995			(9,149		)
Consolidated net income (loss)	$	153,590		$	(12,682	)	$	531,182		$	(233,354	)
On a consolidated basis, “adjusted pretax operating income (loss)” is a measure not determined in accordance with GAAP. Total adjusted pretax operating income (loss) is not a measure of total profitability, and therefore should not be viewed as a substitute for GAAP pretax income (loss). Our definition of adjusted pretax operating income (loss) may not be comparable to similarly-named measures reported by other companies.

Note_3_Derivative_Instruments_

Note 3 - Derivative Instruments (Notes)	9 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivative Instruments	'
	Derivative Instruments
	We provide a significant portion of our credit protection within our financial guaranty segment in the form of CDS, which are accounted for as derivatives. Derivative instruments are recorded at fair value and changes in fair value are recorded as such in the condensed consolidated statement of operations. All of our derivative instruments are recognized in our condensed consolidated balance sheets as either derivative assets or derivative liabilities. In many of our CDS transactions, primarily our corporate CDOs, we are required to make payments to our counterparty above a specified level of subordination, upon the occurrence of credit events related to the borrowings or bankruptcy of obligors contained within pools of corporate obligations or, in the case of pools of mortgage or other asset-backed obligations, upon the occurrence of credit events related to the specific obligations in the pool. When we provide a CDS as credit protection on a specific obligation, we generally guarantee the full and timely payment of principal and interest when due on such obligation. These derivatives have various maturity dates, but the majority of the net par outstanding of our remaining insured CDS transactions, including all of our corporate CDOs, mature within four years.
	We record premiums and origination costs related to our CDS and certain other derivative contracts in change in fair value of derivative instruments and policy acquisition costs, respectively, on our condensed consolidated statements of operations. Our classification of these contracts is the same whether we are a direct insurer or we reinsure these contracts.
	The following table sets forth our derivative assets and liabilities as of the dates indicated. Certain contracts are in an asset position because the net present value of the contractual premium we receive exceeds the net present value of our estimate of the expected future premiums that a financial guarantor of similar credit quality to us would charge to provide the same credit protection, assuming a transfer of our obligation to such financial guarantor as of the measurement date.
	(In thousands)	September 30,			December 31,
		2014			2013
	Balance Sheets
	Derivative assets:
	Financial Guaranty credit derivative assets	$	6,102		$	6,323
	Other derivative assets	18,111			10,319
	Total derivative assets	24,213			16,642
	Derivative liabilities:
	Financial Guaranty credit derivative liabilities	138,605			238,728
	Financial Guaranty VIE derivative liabilities	46,653			68,457
	Total derivative liabilities	185,258			307,185
	Total derivative liabilities, net	$	161,045		$	290,543
	The notional value of our derivative contracts at September 30, 2014 and December 31, 2013 was $9.1 billion and $12.3 billion, respectively.
	The components of the gains (losses) included in change in fair value of derivative instruments are as follows:
		Three Months Ended September 30,							Nine Months Ended September 30,
	(In thousands)	2014			2013				2014			2013
	Statements of Operations
	Net premiums earned—derivatives	$	2,882		$	4,170			$	9,673		$	14,019
	Financial Guaranty credit derivatives	8,979			9,198				97,521			(86,233		)
	Financial Guaranty VIE derivatives	4,982			(4,026		)		20,123			513
	Other derivatives	2,517			1,436				(394		)	1,344
	Change in fair value of derivative instruments	$	19,360		$	10,778			$	126,923		$	(70,357	)
	The valuation of derivative instruments may result in significant volatility from period to period in gains and losses as reported on our condensed consolidated statements of operations. Generally, these gains and losses result, in part, from changes in corporate credit or asset-backed spreads and changes in the market’s perception of the creditworthiness of any: (i) underlying corporate entities; (ii) assets underlying ABS; or (iii) primary obligors of obligations for which we provide second-to-pay credit protection. Additionally, when determining the fair value of our liabilities, we are required to incorporate into the fair value of those liabilities an adjustment that reflects our own non-performance risk, and consequently, changes in the market’s perception of our non-performance risk can also result in gains and losses on our derivative instruments. Any realized losses resulting from claim payments on our financial guaranty contracts that are accounted for as derivatives are recognized as a change in fair value of derivative instruments. Because our fair value determinations for derivative and other financial instruments are based on assumptions and estimates that are inherently subject to risk and uncertainty, the fair value amounts could vary significantly from period to period. See Note 4 for information on the fair value of our financial instruments.
	The following table shows selected information about our derivative contracts:
	($ in thousands)	September 30, 2014
		Number of		Par/				Total Net Asset
		Contracts		Notional				(Liability)
				Exposure
	Product
	Corporate CDOs	14		$	6,060,500			$	(423	)
	Non-Corporate CDOs and other derivative transactions:
	TruPs	9		816,257				(18,378		)
	CDO of CMBS	1		430,000				(39,341		)
	Other:
	Structured finance	3		436,865				(39,728		)
	Public finance	19		1,071,409				(25,144		)
	Total Non-Corporate CDOs and other derivative transactions	32		2,754,531				(122,591		)
	Assumed financial guaranty credit derivatives:
	Structured finance	21		128,112				(9,185		)
	Public finance	4		95,015				(304		)
	Total Assumed	25		223,127				(9,489		)
	Financial Guaranty VIE derivative liabilities (1)	1		79,473				(46,653		)
	Other (2)	3		—				18,111
	Grand Total	75		$	9,117,631			$	(161,045	)
	________________
	-1	Represents the fair value of a CDS included in a VIE that we have consolidated.
	-2	Represents derivative assets related to other purchased derivatives for which we do not have loss exposure that exceeds our net asset amount.

Note_4_Fair_Value_of_Financial

Note 4 - Fair Value of Financial Instruments (Notes)	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	Certain assets and liabilities are recorded at fair value. These include: available for sale securities, trading securities, VIE debt, derivative instruments, and certain other assets. All derivative instruments are recognized in our condensed consolidated balance sheets as either derivative assets or derivative liabilities. All changes in fair value of trading securities, VIE debt, derivative instruments, and certain other assets are included in our condensed consolidated statements of operations. All changes in the fair value of available for sale securities are recorded in AOCI.
	Our estimated fair value measurements are intended to reflect the assumptions market participants would use in pricing an asset or liability based on the best information available. Assumptions include the risks inherent in a particular valuation technique (such as a pricing model) and the risks inherent in the inputs to the model. Changes in economic conditions and capital market conditions, including but not limited to, credit spread changes, benchmark interest rate changes, market volatility and changes in the value of underlying collateral or of any third-party guaranty or insurance, could cause actual results to differ materially from our estimated fair value measurements. We define fair value as the current amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In the event that our investments or derivative contracts were sold, commuted, terminated or settled with a counterparty or transferred in a forced liquidation, the amounts received or paid may be materially different from those determined in accordance with the accounting standard regarding fair value measurements. Differences may also arise between our recorded fair value and the settlement or termination value with a counterparty based upon consideration of information that may not be available to another market participant. Those differences, which may be material, are recorded as realized gains (losses) in our condensed consolidated statements of operations in the period in which the transaction occurs. There were no significant changes to our fair value methodologies during the nine months ended September 30, 2014.
	When determining the fair value of our liabilities, we are required to incorporate into the fair value of those liabilities an adjustment that reflects our own non-performance risk. Our five-year CDS spread is an observable quantitative measure of our non-performance risk and is used by typical market participants to determine the likelihood of our default; the CDS spread actually used in the valuation of specific fair value liabilities is typically based on the remaining term of the insured obligation. Assuming all other factors are held constant, as our CDS spread tightens or widens, it has the effect of increasing or decreasing, respectively, the fair value of our liabilities with a corresponding impact on our results of operations.
	In accordance with GAAP, we established a three-level valuation hierarchy for disclosure of fair value measurements based on the transparency of inputs to the valuation of an asset or liability as of the measurement date. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level I measurements) and the lowest priority to unobservable inputs (Level III measurements). The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the measurement in its entirety. The three levels of the fair value hierarchy are described below:
	Level I	—    Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;
	Level II	—    Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities; and
	Level III	—    Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. Level III inputs are used to measure fair value only to the extent that observable inputs are not available.
	The level of market activity used to determine the fair value hierarchy is based on the availability of observable inputs market participants would use to price an asset or a liability, including market value price observations. We provide a qualitative description of the valuation techniques and inputs used for Level II recurring and non-recurring fair value measurements in our audited annual financial statements as of December 31, 2013. For a complete understanding of those valuation techniques and inputs used as of September 30, 2014, these unaudited condensed consolidated financial statements should be read in conjunction with the audited annual financial statements and notes thereto included in our 2013 Form 10-K.
	The following is a list of those assets and liabilities that are measured at fair value by hierarchy level as of September 30, 2014:
	(In millions)	Level I				Level II				Level III				Total
	Assets and Liabilities at Fair Value
	Investment Portfolio:
	U.S. government and agency securities	$	1,009.00			$	320.2			$	—			$	1,329.20
	State and municipal obligations	—				614.3				18.8				633.1
	Money market instruments	740.1				—				—				740.1
	Corporate bonds and notes	—				1,007.30				—				1,007.30
	RMBS	—				299.3				—				299.3
	CMBS	—				303.8				—				303.8
	Other ABS	—				261.5				—				261.5
	Foreign government and agency securities	—				43.4				—				43.4
	Equity securities (1)	137				96				—				233
	Other investments (2)	—				2.1				82.9				85
	Total Investments at Fair Value (3)	1,886.10				2,947.90				101.7				4,935.70
	Derivative assets	—				18.1				6.1				24.2
	Other assets (4)	—				—				88.1				88.1
	Total Assets at Fair Value	$	1,886.10			$	2,966.00			$	195.9			$	5,048.00
	Derivative liabilities	$	—			$	—			$	185.3			$	185.3
	VIE debt (5)	—				—				91.2				91.2
	Total Liabilities at Fair Value	$	—			$	—			$	276.5			$	276.5
	______________________
	-1	Comprising broadly diversified domestic equity mutual funds included within Level I and various preferred and common stocks invested across numerous companies and industries included within Level II.
	-2	Comprising TruPs ($0.5 million) and short-term certificates of deposit ($1.6 million) included within Level II and lottery annuities ($0.2 million), TruPs ($0.2 million), and a guaranteed investment contract held by a consolidated VIE ($82.5 million) within Level III.
	-3	Does not include fixed-maturities held to maturity ($0.1 million) and certain other invested assets ($39.6 million), primarily invested in limited partnerships, accounted for as cost-method investments and not measured at fair value.
	-4	Primarily comprising manufactured housing loan collateral related to two consolidated financial guaranty VIEs.
	-5	Comprising consolidated debt related to NIMS VIEs ($3.2 million) and financial guaranty VIEs ($88.0 million).
	At September 30, 2014, our total Level III assets were approximately 3.9% of total assets measured at fair value and total Level III liabilities accounted for 100% of total liabilities measured at fair value. Realized and unrealized gains and losses on Level III assets and liabilities in the rollforward represent gains and losses for the periods in which they were classified as Level III.
	The following is a list of those assets and liabilities that are measured at fair value by hierarchy level as of December 31, 2013:
	(In millions)	Level I				Level II				Level III				Total
	Assets and Liabilities at Fair Value
	Investment Portfolio:
	U.S. government and agency securities	$	755			$	402.9			$	—			$	1,157.90
	State and municipal obligations	—				602.3				18.7				621
	Money market instruments	672.6				—				—				672.6
	Corporate bonds and notes	—				1,036.60				—				1,036.60
	RMBS	—				560.4				—				560.4
	CMBS	—				288.9				—				288.9
	Other ABS	—				194.9				0.9				195.8
	Foreign government and agency securities	—				40.7				—				40.7
	Equity securities (1)	128.3				97.1				0.4				225.8
	Other investments (2)	—				2.2				81.5				83.7
	Total Investments at Fair Value (3)	1,555.90				3,226.00				101.5				4,883.40
	Derivative assets	—				10.3				6.3				16.6
	Other assets (4)	—				—				91.9				91.9
	Total Assets at Fair Value	$	1,555.90			$	3,236.30			$	199.7			$	4,991.90
	Derivative liabilities	$	—			$	—			$	307.2			$	307.2
	VIE debt (5)	—				—				94.6				94.6
	Total Liabilities at Fair Value	$	—			$	—			$	401.8			$	401.8
	______________________
	-1	Comprising broadly diversified domestic equity mutual funds included within Level I and various preferred and common stocks invested across numerous companies and industries included within Levels II and III.
	-2	Comprising TruPs ($0.6 million) and short-term certificates of deposit ($1.6 million) included within Level II and lottery annuities ($0.3 million), TruPs ($0.2 million), and a guaranteed investment contract held by a consolidated VIE ($81.0 million) within Level III.
	-3	Does not include fixed-maturities held to maturity ($0.4 million) and certain other invested assets ($47.4 million), primarily invested in limited partnerships, accounted for as cost-method investments and not measured at fair value.
	-4	Primarily comprising manufactured housing loan collateral related to two consolidated financial guaranty VIEs.
-5	Comprising consolidated debt related to NIMS VIEs ($2.8 million) and financial guaranty VIEs ($91.8 million).
At December 31, 2013, our total Level III assets approximated 4.0% of total assets measured at fair value and our total Level III liabilities accounted for 100% of total liabilities measured at fair value. Realized and unrealized gains and losses on Level III assets and liabilities in the rollforward represent gains and losses for the periods in which they were classified as Level III.
The following tables quantify the estimated impact of our non-performance risk on our derivative assets, derivative liabilities and net VIE liabilities (in aggregate by type) presented in our condensed consolidated balance sheets as of the dates indicated:
(In basis points)	September 30,			December 31,			September 30,			December 31,
	2014			2013			2013			2012
Radian Group’s five-year CDS spread	317			323			419			913
(In millions)	Fair Value Liability				Impact of Radian Group’s				Fair Value Liability
	before Consideration				Non-Performance Risk September 30, 2014				Recorded
	of Radian Group’s								30-Sep-14
	Non-Performance Risk
	September 30, 2014
Product
Corporate CDOs	$	16			$	15.6			$	0.4
Non-Corporate CDO-related (1)	276.9				144.8				132.1
NIMS-related (2)	5.6				2.4				3.2
Total	$	298.5			$	162.8			$	135.7
(In millions)	Fair Value Liability				Impact of Radian Group’s				Fair Value Liability
	before Consideration				Non-Performance Risk				Recorded
	of Radian Group’s				December 31, 2013				31-Dec-13
	Non-Performance Risk
	December 31, 2013
Product
Corporate CDOs	$	30.4			$	29			$	1.4
Non-Corporate CDO-related (1)	409.7				178.7				231
NIMS-related (2)	5				2.2				2.8
Total	$	445.1			$	209.9			$	235.2
________________
-1	Includes the net fair value liability recorded within derivative assets and derivative liabilities and the net fair value liabilities included in our consolidated VIEs.
-2	Includes NIMS VIE debt.
Non-performance risk is commonly measured by default probability, with a credit spread tightening indicating a lesser probability of default. Radian Group’s five-year CDS spread at September 30, 2014 implies a market view that there is a 22.6% probability that Radian Group will default in the next five years as compared to a 22.9% implied probability of default at December 31, 2013. The cumulative impact on our derivative assets, derivative liabilities and VIE liabilities attributable to the market’s perception of our non-performance risk decreased by $47.1 million during the first nine months of 2014, as presented in the tables above. This decrease was primarily due to the decrease in net derivative liabilities outstanding.
The following is a rollforward of Level III assets and liabilities measured at fair value for the three months ended September 30, 2014:
					Realized and
					Unrealized
					Gains (Losses)
(In millions)	Beginning				Included in Earnings (1)				Included in OCI				Purchases			Sales		Issuances		Settlements			Transfers Into				Ending
	Balance at																						(Out of)				Balance at
	1-Jul-14																						Level III (2)				30-Sep-14
Investments:
State and municipal obligations	$	19.5			$	0.5			$	—			$	0.2		$	—	$	—	$	1.4		$	—			$	18.8
Other ABS	74.4				0.3				(0.9		)		—			—		—		—			(73.8		)	-3	—
Other investments	82.8				0.2				—				—			—		—		0.1			—				82.9
Total Level III Investments	176.7				1				(0.9		)		0.2			—		—		1.5			(73.8		)		101.7
Other assets	90.4				2.6				—				—			—		—		4.9			—				88.1
Total Level III Assets	$	267.1			$	3.6			$	(0.9	)		$	0.2		$	—	$	—	$	6.4		$	(73.8	)		$	189.8
Derivative liabilities, net	$	193.8			$	18.5			$	—			$	—		$	—	$	—	$	(3.9	)	$	—			$	179.2
VIE debt	93.6				(1.6		)		—				—			—		—		4			—				91.2
Total Level III Liabilities, net	$	287.4			$	16.9			$	—			$	—		$	—	$	—	$	0.1		$	—			$	270.4
______________________
-1	Includes unrealized gains (losses) for the three months ended September 30, 2014, relating to assets and liabilities still held as of September 30, 2014 as follows: $(0.3) million for investments, $0.6 million for other assets, $14.4 million for derivative liabilities and $(0.9) million for VIE debt.
-2	Transfers are recognized at the end of the period as the availability of market observed inputs changes from period to period.
-3	During the period, certain securities previously classified in Level III were transferred to Level II as third-party pricing became available.
The following is a rollforward of Level III assets and liabilities measured at fair value for the nine months ended September 30, 2014:
					Realized and
					Unrealized
					Gains (Losses)
(In millions)	Beginning				Included in Earnings (1)				Included in OCI				Purchases			Sales		Issuances		Settlements			Transfers Into				Ending
	Balance at																						(Out of)				Balance at
	1-Jan-14																						Level III (2)				30-Sep-14
Investments:
State and municipal obligations	$	18.7			$	1.3			$	—			$	0.2		$	—	$	—	$	1.4		$	—			$	18.8
Other ABS	0.9				0.4				(1.0		)		29.2			—		—		0.4			(29.1		)	-3	—
Equity securities	0.4				(0.4		)		—				—			—		—		—			—				—
Other investments	81.5				1.5				—				—			—		—		0.1			—				82.9
Total Level III Investments	101.5				2.8				(1.0		)		29.4			—		—		1.9			(29.1		)		101.7
Other assets	91.9				11.5				—				—			—		—		15.3			—				88.1
Total Level III Assets	$	193.4			$	14.3			$	(1.0	)		$	29.4		$	—	$	—	$	17.2		$	(29.1	)		$	189.8
Derivative liabilities, net	$	300.9			$	129			$	—			$	—		$	—	$	—	$	(7.3	)	$	—			$	179.2
VIE debt	94.6				(8.9		)		—				—			—		—		12.3			—				91.2
Total Level III Liabilities, net	$	395.5			$	120.1			$	—			$	—		$	—	$	—	$	5		$	—			$	270.4
______________________
-1	Includes unrealized gains (losses) for the nine months ended September 30, 2014, relating to assets and liabilities still held as of September 30, 2014 as follows: $0.1 million for investments, $5.3 million for other assets, $100.8 million for derivative liabilities and $(6.8) million for VIE debt.
-2	Transfers are recognized at the end of the period as the availability of market observed inputs changes from period to period.
-3	During the period, $74.3 million of other ABS securities were transferred from Level III to Level II, as third-party pricing became available. We also transferred $45.2 million of other ABS securities previously classified as Level II to Level III, as the pricing inputs were no longer considered observable.
The following is a rollforward of Level III assets and liabilities measured at fair value for the three months ended September 30, 2013:
					Realized and
					Unrealized
					Gains (Losses)
(In millions)	Beginning				Included in Earnings (1)				Included in OCI				Purchases			Sales		Issuances		Settlements			Transfers Into				Ending
	Balance at																						(Out of)				Balance at
	1-Jul-13																						Level III (2)				30-Sep-13
Investments:
State and municipal obligations	$	19.4			$	0.4			$	—			$	—		$	—	$	—	$	1.4		$	—			$	18.4
Other ABS	1.2				—				—				—			—		—		0.2			—				1
Equity securities	0.4				—				—				—			—		—		—			—				0.4
Other investments	77.4				2.3				—				0.5			—		—		—			—				80.2
Total Level III Investments	98.4				2.7				—				0.5			—		—		1.6			—				100
NIMS derivative assets	1.6				—				—				—			—		—		—			—				1.6
Other assets	96				2.7				—				—			—		—		5.5			—				93.2
Total Level III Assets	$	196			$	5.4			$	—			$	0.5		$	—	$	—	$	7.1		$	—			$	194.8
Derivative liabilities, net	$	343.6			$	11.4			$	—			$	—		$	—	$	—	$	(5.3	)	$	—			$	337.5
VIE debt	106.8				(1.8		)		—				—			—		—		4.4			—				104.2
Total Level III Liabilities, net	$	450.4			$	9.6			$	—			$	—		$	—	$	—	$	(0.9	)	$	—			$	441.7
______________
-1	Includes unrealized gains (losses) for the three months ended September 30, 2013, relating to assets and liabilities still held as of September 30, 2013 as follows: $2.3 million for investments, $0.5 million for other assets, $5.9 million for derivative liabilities and $(1.0) million for VIE debt.
-2	Transfers are recognized at the end of the period as the availability of market observed inputs changes from period to period.
The following is a rollforward of Level III assets and liabilities measured at fair value for the nine months ended September 30, 2013:
					Realized and
					Unrealized
					Gains (Losses)
(In millions)	Beginning				Included in Earnings (1)				Included in OCI				Purchases			Sales		Issuances		Settlements			Transfers Into				Ending
	Balance at																						(Out of)				Balance at
	1-Jan-13																						Level III (2)				30-Sep-13
Investments:
State and municipal obligations	$	19			$	0.8			$	—			$	—		$	—	$	—	$	1.4		$	—			$	18.4
Corporate bonds and notes	—				(0.1		)		—				2.7			—		—		—			(2.6		)	-3	—
CMBS	—				—				—				3.1			3.1		—		—			—				—
Other ABS	1.7				—				—				—			—		—		0.7			—				1
Equity securities	1				—				—				—			0.6		—		—			—				0.4
Other investments	79				0.4				—				1.3			0.1		—		0.4			—				80.2
Total Level III Investments	100.7				1.1				—				7.1			3.8		—		2.5			(2.6		)		100
NIMS derivative assets	1.6				—				—				—			—		—		—			—				1.6
Other assets	99.2				11.1				—				—			—		—		17.1			—				93.2
Total Level III Assets	$	201.5			$	12.2			$	—			$	7.1		$	3.8	$	—	$	19.6		$	(2.6	)		$	194.8
Derivative liabilities, net	$	254.9			$	(69.7	)		$	—			$	—		$	—	$	—	$	(12.9	)	$	—			$	337.5
VIE debt	108.9				(9.0		)		—				—			—		—		13.7			—				104.2
Total Level III Liabilities, net	$	363.8			$	(78.7	)		$	—			$	—		$	—	$	—	$	0.8		$	—			$	441.7
______________
-1	Includes unrealized gains (losses) for the nine months ended September 30, 2013, relating to assets and liabilities still held at September 30, 2013 as follows: $0.4 million for investments, $3.9 million for other assets, $(83.5) million for derivative liabilities and $(6.4) million for VIE debt.
-2	Transfers are recognized at the end of the period as the availability of market observed inputs changes from period to period.
-3	During the period, pricing from a third-party pricing source became available that utilized observable inputs for individual instruments. As a result, these instruments were transferred out of Level III and into Level II.
There were no transfers between Level I and Level II for the three or nine months ended September 30, 2014 or 2013.
For markets in which inputs are not observable or limited, we use significant judgment and assumptions that a typical market participant would use to evaluate the market price of an asset or liability. Given the level of judgment necessary, another market participant may derive a materially different estimate of fair value. These assets and liabilities are classified in Level III of our fair value hierarchy. For fair value measurements categorized within Level III of the fair value hierarchy, we use certain significant unobservable inputs in estimating fair value. Those inputs primarily relate to the probability of default, the expected loss upon default and our own non-performance risk as it relates to our liabilities.
The following table summarizes the significant unobservable inputs used in our recurring Level III fair value measurements as of September 30, 2014:
(In millions)	Fair Value Net Asset (Liability) September 30, 2014 (1)				Valuation Technique		Unobservable Input		Range/ Weighted Average
Level III Assets/Liabilities:
State and municipal obligations	$	18.6			Discounted cash flow		Discount rate					11.8	%
							Expected loss					11	%
Other investments	82.5				Discounted cash flow		Discount rate					0.8	%
Corporate CDOs	(0.4		)		Base correlation model		Radian Group correlation to corporate index					85	%
							Average credit spread		0.1	%	-	0.6	%
							Own credit spread (2)		1.1	%	-	4.1	%
CDO of CMBS	(39.3		)		Discounted cash flow		Radian Group correlation to CMBS transaction index					80	%
							Own credit spread (2)		1.1	%	-	4.1	%
TruPs CDOs	(18.4		)		Discounted cash flow		Principal recovery					75	%
							Principal recovery (stressed)					65	%
							Probability of conditional liquidity payment		0.2	%	-	10	%
							Own credit spread (2)		1.1	%	-	4.1	%
TruPs-related VIE	(46.7		)		Discounted cash flow		Discount rate					7.8	%
Other non-corporate CDOs and derivative transactions	(74.4		)		Risk-based model		Average life (in years)		<1		-	16
							Own credit spread (2)		1.1	%	-	4.1	%
NIMS VIE	(3.2		)		Discounted cash flow		NIMS credit spread					40.1	%
							Own credit spread (2)					7.2	%
________________
-1	Excludes certain assets and liabilities for which we do not develop quantitative unobservable inputs. The fair value estimates for these assets and liabilities are developed using third-party pricing information, generally without adjustment.
-2	Represents the range of our CDS spread that a typical market participant might use in the valuation analysis based on the remaining term of the investment.
The following table summarizes the significant unobservable inputs used in our recurring Level III fair value measurements as of December 31, 2013:
(In millions)	Fair Value Net Asset (Liability) December 31, 2013 (1)				Valuation Technique		Unobservable Input		Range/ Weighted Average
Level III Assets/Liabilities:
State and municipal obligations	$	18.7			Discounted cash flow		Discount rate					12.3	%
							Expected loss					11.1	%
Other investments	81				Discounted cash flow		Discount rate					1.2	%
Corporate CDOs	(1.4		)		Base correlation model		Radian Group correlation to corporate index					85	%
							Average credit spread		0.1	%	-	0.9	%
							Own credit spread (2)		0.8	%	-	4.3	%
CDO of CMBS	(67.8		)		Discounted cash flow		Radian Group correlation to CMBS transaction index		72	%	-	85	%
							Own credit spread (2)		0.8	%	-	4.3	%
TruPs CDOs	(43.9		)		Discounted cash flow		Principal recovery					75	%
							Principal recovery (stressed)					65	%
							Probability of conditional liquidity payment		1.1	%	-	12.4	%
							Own credit spread (2)		0.8	%	-	4.3	%
TruPs-related VIE	(68.4		)		Discounted cash flow		Discount rate					13.1	%
Other non-corporate CDOs and derivative transactions	(119.4		)		Risk-based model		Average life (in years)		<1		-	20
							Own credit spread (2)		0.8	%	-	4.3	%
NIMS VIE	(2.8		)		Discounted cash flow		NIMS credit spread					43.8	%
							Own credit spread (2)					7.9	%
________________
-1	Excludes certain assets and liabilities for which we do not develop quantitative unobservable inputs. The fair value estimates for these assets and liabilities are developed using third-party pricing information, generally without adjustment.
-2	Represents the range of our CDS spread that a typical market participant might use in the valuation analysis based on the remaining term of the investment.
The significant unobservable inputs in the fair value measurement of our investment securities noted in the tables above include an interest rate used to discount the projected cash flows and an expected loss assumption. This expected loss assumption generally represents the principal shortfall we believe that a typical market participant would expect on our security as a result of the obligor’s failure to pay. In addition, our other investments include a guaranteed investment contract for which the counterparty’s non-performance risk is considered in the discount rate. Significant increases (decreases) in either the discount rates or loss estimates in isolation would result in a lower (higher) fair value measurement. Changes in these assumptions are independent and may move in either similar or opposite directions.
The significant unobservable inputs used in the fair value measurement of our derivative assets, derivative liabilities and VIE debt relate to average credit spreads, average life, discount rates, correlation to indices and projected losses. In addition, when determining the fair value of our liabilities, we are required to incorporate into the fair value of those liabilities an adjustment that reflects our own non-performance risk, if applicable, as discussed below.
For our corporate CDOs, we estimate the correlation of the default probability between the corporate entities and Radian Group—the higher the correlation percentage, the higher the probability that both the corporate entities and Radian Group will default together. In addition, a widening of the average credit spread increases the expected loss for our transactions, and therefore, increases the related liability.
For our CDO of CMBS transactions, we use the CMBX index that most directly correlates to our transaction with respect to vintage and credit rating and then we estimate losses by applying a correlation factor. Because we have more exposure to senior tranches, an increase in this factor generally increases the expected loss for our transactions and therefore, increases our related liability.
For our TruPs CDOs, the performance of each underlying reference obligation is measured by a standard and distressed pricing, which indicates the expected principal recovery. An increase in the standard and stressed principal recovery decreases the loss severity of the transaction, and therefore, in isolation, decreases the related liability. For those transactions where we may be required to pay a TruPs Liquidity Claim, we also assign these transactions a probability that we will be required to pay such claim, which generally would increase our related liability.
For our TruPs-related VIE liabilities, the fair value is estimated using similar inputs as in the estimated fair value of our TruPs CDOs, except there is no non-performance risk adjustment, as the derivative liability is limited to the segregated assets already held by the VIE.
For our other non-corporate CDOs, we utilize the internal credit rating, average remaining life, and current par outstanding for each transaction to project both expected losses and an internally developed risk-based capital amount. An increase in the average remaining life typically increases the expected loss of the transactions, and therefore, increases our related liability. An upgrade (downgrade) in the internal credit rating typically decreases (increases) the expected loss of the transactions, and therefore, decreases (increases) our related liability.
For all fair value measurements where we project our non-performance risk, including VIE debt, we utilize a market observed credit spread for Radian Group, which we believe is the best available indicator of the market’s perception of our non-performance risk. In isolation, a widening (tightening) of this credit spread typically decreases (increases) our related liability. The assumption used to project our own non-performance risk is independent from the other unobservable inputs used in our fair value measurements. The net impact on our reported assets and liabilities from increases or decreases in our own credit spread and from increases or decreases in other unobservable inputs depends upon the magnitude and direction of the changes in each input; such changes may result in offsetting effects to our recorded fair value measurements or they may result in directionally similar impacts, which may be material.
Other Fair Value Disclosure
The carrying value and estimated fair value of other selected assets and liabilities not carried at fair value on our condensed consolidated balance sheets were as follows as of the dates indicated:
	September 30, 2014								December 31, 2013
(In millions)	Carrying				Estimated				Carrying				Estimated
	Amount				Fair Value				Amount				Fair Value
Assets:
Fixed-maturities held to maturity	$	0.1			$	0.1		-1	$	0.4			$	0.4	-1
Other invested assets	39.6				49.7			-1	47.4				54.3		-1
Liabilities:
Long-term debt (3)	1,201.10				1,703.90			-1	930.1				1,502.70		-1
Non-derivative financial guaranty liabilities	136.2				170.1			-2	144.7				189.1		-2
______________________
-1	These estimated fair values would be classified in Level II of the fair value hierarchy.
-2	These estimated fair values would be classified in Level III of the fair value hierarchy.
-3	The carrying amount of long-term debt is net of the equity component, which is accounted for under the accounting standard for convertible debt instruments that may be settled in cash upon conversion (including partial cash settlement). The fair value is estimated based on the quoted market prices for the same or similar issues. See Note 11 for further information.

Note_5_Variable_Interest_Entit

Note 5 - Variable Interest Entities (Notes)	9 Months Ended
	Sep. 30, 2014
VIEs [Abstract]	'
Variable Interest Entities	'
	Variable Interest Entities
	Our interests in VIEs for which we are not the primary beneficiary may be accounted for as insurance or reinsurance contracts or credit derivatives, depending on the nature of the transaction. For insurance and reinsurance contracts, we record reserves for losses and LAE, and for credit derivatives, we record cumulative changes in fair value as a derivative asset or liability.
	We have determined that we are the primary beneficiary of our one remaining NIMS transaction and certain financial guaranty structured finance transactions. Our control rights in these VIEs, which we obtained due to an event of default or breach of a performance trigger as defined in the transaction, generally provide us with either a right to replace the VIE servicer or, in some cases, the right to direct the sale of the VIE assets. In some instances, we have the obligation to absorb the majority of the VIE’s losses and the right to receive the majority of any remaining funds through our residual interest agreement and we have the ability to impact the activities of the VIE in certain limited ways that could impact the economic performance of the VIE. In those instances where we have determined that we are the primary beneficiary, we consolidate the assets and liabilities of the VIE. We have elected to carry the financial assets and financial liabilities of these VIEs at fair value. In certain instances, the operating results of a consolidated VIE may generate taxable income or loss.
	Financial Guaranty Insurance Contracts
	In continually assessing our involvement with VIEs, we consider certain events such as the VIE’s failure to meet certain contractual conditions, including performance tests and triggers, servicer termination events and events of default that may, should they occur, provide us with additional control rights over the VIE for a limited number of our transactions. The occurrence of these events would cause us to reassess our initial determination that we are not the primary beneficiary of a VIE. In addition, changes to a VIE’s governance structure that would allow us to direct the activities of a VIE or our acquisition of additional financial interests in the VIE, would also cause us to reassess our initial determination that we are not the primary beneficiary of a VIE. Many of our financial guaranty contracts provide us with substantial control rights over the activities of VIEs upon the occurrence of default or other performance triggers described above. Therefore, additional VIEs may be consolidated by us if these events were to occur. Prior to the occurrence of these contingent conditions, another party (typically the collateral manager, servicer or equity holder) involved with the transaction holds the power to manage the VIE’s assets and to impact the economic performance of the VIE, without our ability to control or direct such powers.
	The following tables provide a summary of our maximum exposure to losses, and the financial impact on our condensed consolidated balance sheets, our condensed consolidated statements of operations and our condensed consolidated statements of cash flows as of and for the periods indicated, as it relates to our consolidated and unconsolidated financial guaranty insurance contracts and credit derivative VIEs:
		Consolidated					Unconsolidated
	(In thousands)	September 30,			December 31,		September 30,			December 31,
		2014			2013		2014			2013
	Balance Sheet:
	Other invested assets	$	82,502		$	81,000	$	—		$	—
	Derivative assets	—			—		—			—
	Premiums receivable	—			—		1,890			2,211
	Other assets	88,219			92,023		—			—
	Unearned premiums	—			—		1,432			1,872
	Reserve for losses and LAE	—			—		10,878			14,094
	Derivative liabilities	46,653			68,457		121,745			220,633
	VIE debt—at fair value	88,036			91,800		—			—
	Other liabilities	221			254		—			—
	Maximum exposure (1)	136,593			121,628		2,699,248			4,578,784
	_______________
	-1	The difference between the carrying amounts of the net asset/liability position and maximum exposure related to VIEs is primarily due to the difference between the face amount of the obligation and the recorded fair values, which include an adjustment for our non-performance risk, as applicable. For those VIEs that have recourse to our general credit, the maximum exposure is based on the net par amount of our insured obligation. For any VIEs that do not have recourse to our general credit, the maximum exposure is generally based on the recorded net assets of the VIE, as of the reporting date.
		Consolidated					Unconsolidated
		Nine Months Ended September 30,					Nine Months Ended September 30,
	(In thousands)	2014			2013		2014			2013
	Statement of Operations:
	Premiums earned	$	—		$	—	$	921		$	872
	Net investment income	1,338			1,338		—			—
	Net gains on investments	165			405		—			—
	Change in fair value of derivative instruments—gains (losses)	20,124			513		101,110			(82,069		)
	Net gains on other financial instruments	2,976			3,377		—			—
	Provision for losses—increase (decrease)	—			—		2,261			(208		)
	Other operating expenses	1,303			1,469		—			—
	Net Cash (Outflow) Inflow	(34		)	333		(2,493		)	4,133
	NIMS VIE
	At September 30, 2014, we had one remaining NIMS transaction. We have determined that we are the primary beneficiary of this NIMS transaction, and have consolidated the assets and liabilities of the VIE. We have elected to carry the financial assets and financial liabilities of the VIE at fair value. At September 30, 2014 and December 31, 2013, the amount of VIE debt and our maximum exposure were immaterial. The amounts of income and expense related to this VIE were immaterial for 2014 and 2013.

Note_6_Investments_Notes

Note 6 - Investments (Notes)	9 Months Ended
	Sep. 30, 2014
Investments [Abstract]	'
Investments	'
	Investments
	Our held to maturity and available for sale securities within our investment portfolio consisted of the following as of the dates indicated:
		September 30, 2014
	(In thousands)	Amortized			Fair Value			Gross			Gross
		Cost						Unrealized			Unrealized
								Gains			Losses
	Fixed-maturities held to maturity:
	State and municipal obligations	$	50		$	50		$	—		$	—
		$	50		$	50		$	—		$	—
	Fixed-maturities available for sale:
	U.S. government and agency securities	$	43,178		$	43,314		$	171		$	35
	State and municipal obligations	26,788			27,932			1,175			31
	Corporate bonds and notes	124,536			125,898			2,194			832
	RMBS	76,139			77,431			1,292			—
	CMBS	31,617			31,546			66			137
	Other ABS	126,392			124,721			13			1,684
	Foreign government and agency securities	19,303			19,626			364			41
	Other investments	202			202			—			—
		$	448,155		$	450,670		$	5,275		$	2,760
	Equity securities available for sale (1)	$	78,106		$	144,593		$	66,487		$	—
	Total debt and equity securities	$	526,311		$	595,313		$	71,762		$	2,760
	______________________
	-1	Comprising broadly diversified domestic equity mutual funds ($137.0 million fair value) and various preferred and common stocks invested across numerous companies and industries ($7.6 million fair value).
		December 31, 2013
	(In thousands)	Amortized			Fair Value			Gross			Gross
		Cost						Unrealized			Unrealized
								Gains			Losses
	Fixed-maturities held to maturity:
	State and municipal obligations	$	358		$	351		$	—		$	7
		$	358		$	351		$	—		$	7
	Fixed-maturities available for sale:
	U.S. government and agency securities	$	8,939		$	9,106		$	224		$	57
	State and municipal obligations	26,489			25,946			26			569
	Corporate bonds and notes	11,951			12,045			578			484
	RMBS	72,665			73,115			450			—
	Other investments	341			341			—			—
		$	120,385		$	120,553		$	1,278		$	1,110
	Equity securities available for sale (1)	$	78,106		$	135,168		$	57,062		$	—
	Total debt and equity securities	$	198,849		$	256,072		$	58,340		$	1,117
	______________________
	-1	Comprising broadly diversified domestic equity mutual funds ($128.3 million fair value) and various preferred and common stocks invested across numerous companies and industries ($6.9 million fair value).
	The trading securities within our investment portfolio, which are recorded at fair value, consisted of the following as of the dates indicated:
	(In thousands)	September 30,			December 31,
		2014			2013
	Trading securities:
	U.S. government and agency securities	$	249,102		$	393,815
	State and municipal obligations	605,255			595,070
	Corporate bonds and notes	881,362			1,024,574
	RMBS	221,820			487,239
	CMBS	272,281			288,895
	Other ABS	136,802			195,816
	Foreign government and agency securities	23,744			40,657
	Equity securities	88,397			90,604
	Other investments	733			759
	Total	$	2,479,496		$	3,117,429
	For trading securities that were still held at September 30, 2014 and December 31, 2013, we had net unrealized gains during 2014 and net unrealized losses during 2013 associated with those securities in the amount of $87.4 million and $140.9 million, respectively.
	Net realized and unrealized (losses) gains on investments consisted of:
		Three Months Ended September 30,						Nine Months Ended September 30,
	(In thousands)	2014			2013			2014			2013
	Net realized gains (losses):
	Fixed-maturities held to maturity	$	—		$	—		$	(9	)	$	2
	Fixed-maturities available for sale	(541		)	443			(335		)	1,312
	Equities available for sale	—			—			—			349
Trading securities	119			2,196			(4,333		)	15,212
Short-term investments	—			—			—			2
Other invested assets	—			485			—			8,841
Other	531			70			478			93
Net realized gains (losses) on investments	109			3,194			(4,199		)	25,811
Unrealized (losses) gains on trading securities	(7,663		)	(12,666		)	107,865			(169,107		)
Unrealized (losses) gains on other invested assets	(285		)	2,340			165			405
Total (losses) gains on investments	$	(7,839	)	$	(7,132	)	$	103,831		$	(142,891	)
As part of the Freddie Mac Agreement, Radian Guaranty had $209 million and $205 million at September 30, 2014 and December 31, 2013, respectively, in a collateral account currently invested primarily in trading securities, which is pledged to cover Loss Mitigation Activity on the loans subject to the agreement. A portion of the funds deposited may be released to Radian Guaranty over time.
As of September 30, 2014 and December 31, 2013, our investment portfolio included no Sovereign securities of the Stressed European Countries which have Sovereign obligations that have been under particular stress due to economic uncertainty, potential restructuring and ratings downgrades, and included no securities of any other countries under similar stress.
The following tables show the gross unrealized losses and fair value of our securities deemed “available for sale” and “held to maturity,” aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of the dates indicated:
September 30, 2014: ($ in thousands) Description of Securities		Less Than 12 Months								12 Months or Greater							Total
		# of		Fair Value			Unrealized			# of			Fair Value		Unrealized		# of	Fair Value		Unrealized
		securities					Losses			securities					Losses		securities			Losses
U.S. government and agency securities		2		$	7,114		$	35		—			$	—	$	—	2	$	7,114	$	35
State and municipal obligations		7		426			23			1			5,726		8		8	6,152		31
Corporate bonds and notes		20		57,381			713			1			1,042		119		21	58,423		832
CMBS		5		21,495			137			—			—		—		5	21,495		137
Other ABS		28		109,990			1,684			—			—		—		28	109,990		1,684
Foreign government and agency securities		5		2,726			41			—			—		—		5	2,726		41
Total		67		$	199,132		$	2,633		2			$	6,768	$	127	69	$	205,900	$	2,760
December 31, 2013: ($ in thousands) Description of Securities		Less Than 12 Months								12 Months or Greater							Total
		# of		Fair Value			Unrealized			# of			Fair Value		Unrealized		# of	Fair Value		Unrealized
		securities					Losses			securities					Losses		securities			Losses
U.S. government and agency securities		1		$	5,401		$	57		—			$	—	$	—	1	$	5,401	$	57
State and municipal obligations		4		14,502			42			2			5,514		534		6	20,016		576
Corporate bonds and notes		—		—			—			2			2,966		484		2	2,966		484
Total		5		$	19,903		$	99		4			$	8,480	$	1,018	9	$	28,383	$	1,117
During the first nine months of 2014 and 2013, there were no credit losses recognized in earnings.
Impairments due to credit deterioration that result in a conclusion that the present value of cash flows expected to be collected will not be sufficient to recover the amortized cost basis of the security are considered other-than-temporary. Other declines in fair value (for example, due to interest rate changes, sector credit rating changes or company-specific rating changes) that result in a conclusion that the present value of cash flows expected to be collected will not be sufficient to recover the amortized cost basis of the security also may serve as a basis to conclude that an other-than-temporary impairment has occurred. To the extent we determine that a security is deemed to have had an other-than-temporary impairment, an impairment loss is recognized.
We had securities in an unrealized loss position that we did not consider to be other-than-temporarily impaired as of September 30, 2014. For all investment categories, the unrealized losses of 12 months or greater duration as of September 30, 2014, were generally caused by interest rate or credit spread movements since the purchase date. As of September 30, 2014, we expected the present value of cash flows to be collected from these securities to be sufficient to recover the amortized cost basis of these securities. As of September 30, 2014, we did not have the intent to sell any debt securities in an unrealized loss position, and we determined that it is more likely than not that we will not be required to sell the securities before recovery of their cost basis, which may be at maturity; therefore, we did not consider these investments to be other-than-temporarily impaired at September 30, 2014.
The contractual maturities of fixed-maturity investments are as follows:
	September 30, 2014
	Held to Maturity						Available for Sale
(In thousands)	Amortized			Fair			Amortized			Fair
	Cost			Value			Cost			Value
Due in one year or less (1)	$	50		$	50		$	77		$	77
Due after one year through five years (1)	—			—			76,568			76,680
Due after five years through ten years (1)	—			—			64,406			65,503
Due after ten years (1)	—			—			72,956			74,712
RMBS (2)	—			—			76,139			77,431
CMBS (2)	—			—			31,617			31,546
Other ABS (2)	—			—			126,392			124,721
Total	$	50		$	50		$	448,155		$	450,670
______________________
-1	Actual maturities may differ as a result of calls before scheduled maturity.
-2	RMBS, CMBS, and Other ABS are shown separately, as they are not due at a single maturity date.

Note_7_Goodwill_and_Other_Inta

Note 7 - Goodwill and Other Intangible Assets, Net (Notes)	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill and Intangible Assets Disclosure	'
	Goodwill and Other Intangible Assets, Net
	Goodwill
	Goodwill primarily represents the amount paid for Clayton in excess of the fair value of identifiable net assets acquired as further described in Note 1. Goodwill represents the estimated future economic benefits arising from the assets we acquired that did not qualify to be identified and recognized individually, and includes the value of discounted expected future cash flows of Clayton, Clayton’s workforce, expected synergies with our other affiliates and other unidentifiable intangible assets. Goodwill is deemed to have an indefinite useful life and is subject to review for impairment annually, or more frequently, whenever circumstances indicate potential impairment. Currently, we expect approximately $191.0 million of our goodwill, of which $189.0 million relates to the Clayton transaction, to be deductible for tax purposes over a period of 15 years.
	The net carrying amount of our goodwill was $194.0 million and $2.1 million as of September 30, 2014 and December 31, 2013, respectively. There were no accumulated impairment losses as of those dates.
	Other Intangible Assets
	Intangible assets, other than goodwill, primarily consist of Clayton’s client relationships, technology, trade name and trademarks, client backlog and non-competition agreements. Client relationships represent the value of the specifically acquired customer relationships and are valued using the excess earnings approach using estimated client revenues, attrition rates, implied royalty rates and discount rates. The excess earnings approach estimates the present value of expected earnings in excess of a traditional return on business assets. Technology represents proprietary software used for loan review and due diligence, managing the REO disposition process and performing surveillance of mortgage loan servicers. Trade name and trademarks reflect the value inherent in the recognition of the “Clayton” name and its reputation. Client backlog is the estimated present value of fees to be earned for services performed on loans currently under surveillance or REO assets under management. The value of a non-competition agreement is an appraisal of potential lost revenues that would arise from an individual leaving to work for a competitor or initiating a competing enterprise.
	The following is a summary of the gross and net carrying amounts and accumulated amortization of our other intangible assets as of and for the year to date periods indicated:
		As of September 30, 2014
	(In thousands)	Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
	Client relationships	$	79,245		$	(1,460	)	$	77,785
	Technology	8,970			(415		)	8,555
	Trademark	7,860			(197		)	7,663
	Client backlog	6,680			(1,203		)	5,477
	Non-competition agreements	145			(19		)	126
	Total	$	102,900		$	(3,294	)	$	99,606
		As of December 31, 2013
		Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
	Technology	$	200		$	—		$	200
	Non-competition agreements	5			—			5
	Total	$	205		$	—		$	205
	For tax purposes, substantially all of the other intangible assets are expected to be deductible and will be amortized over a period of 15 years. For financial reporting purposes, other intangible assets with finite lives will be amortized over their applicable estimated useful lives in a manner that approximates the pattern of expected economic benefit from each intangible asset, as follows:
		Estimated Useful Life
	Client relationships	3 years	-	15 years
	Technology	3 years	-	6 years
	Trademark			10 years
	Client backlog	3 years	-	5 years
	Non-competition agreements	2 years	-	3 years
	The estimated aggregate amortization expense for the remainder of 2014 and thereafter is as follows (in thousands):
	2014	$	3,259
	2015	12,014
	2016	10,890
	2017	10,584
	2018	10,394
	2019	9,376
	Thereafter	43,089

Note_8_Reinsurance

Note 8 - Reinsurance	9 Months Ended
	Sep. 30, 2014
Reinsurance Disclosures [Abstract]	'
Reinsurance	'
	Reinsurance
	The effect of reinsurance on net premiums written and earned is as follows:
		Three Months Ended September 30,						Nine Months Ended September 30,
	(In thousands)	2014			2013			2014			2013
	Net premiums written-insurance:
	Direct	$	261,301		$	268,886		$	729,261		$	784,180
	Assumed	(217		)	(126		)	406			(10,729		)
	Ceded	(16,832		)	(17,918		)	(49,342		)	(64,195		)
	Net premiums written-insurance	$	244,252		$	250,842		$	680,325		$	709,256
	Net premiums earned-insurance:
	Direct	$	244,160		$	228,162		$	696,323		$	660,687
	Assumed	2,062			1,943			6,141			10,573
	Ceded	(19,066		)	(18,121		)	(55,529		)	(53,564		)
	Net premiums earned-insurance	$	227,156		$	211,984		$	646,935		$	617,696
	Mortgage Insurance
	We have entered into two separate QSR agreements with a third-party reinsurance provider. As of September 30, 2014, RIF ceded under the Initial QSR Transaction and the Second QSR Transaction was $1.2 billion and $1.5 billion, respectively.
	The following tables show the amounts related to the QSR Reinsurance Transactions for the periods indicated:
		Initial QSR Transaction
		Three Months Ended September 30,						Nine Months Ended September 30,
	(In thousands)	2014			2013			2014			2013
	Ceded premiums written	$	4,668		$	5,551		$	15,018		$	17,573
	Ceded premiums earned	6,578			7,216			20,188			22,711
	Ceding commissions written	1,166			1,388			3,754			4,393
		Second QSR Transaction
		Three Months Ended September 30,						Nine Months Ended September 30,
	(In thousands)	2014			2013			2014			2013
	Ceded premiums written	$	9,082		$	8,233		$	24,447		$	32,253
	Ceded premiums earned	7,699			5,099			21,481			12,220
	Ceding commissions written	3,179			2,882			8,557			11,289
	We ceded the maximum amount permitted under the Initial QSR Transaction (up to $1.6 billion of ceded RIF), and therefore, are no longer ceding NIW under this transaction. We are currently ceding additional NIW under the Second QSR Transaction, and we expect to continue ceding RIF under this transaction until the end of 2014. We have the option to recapture approximately $750 million of the ceded risk outstanding on December 31, 2014, and an additional portion of the remaining ceded risk outstanding on December 31, 2015. Ceded losses to date under the QSR Reinsurance Transactions have been immaterial.

Note_9_Losses_and_LAE_Notes

Note 9 - Losses and LAE (Notes)	9 Months Ended
	Sep. 30, 2014
Insurance Loss Reserves [Abstract]	'
Losses and LAE	'
	Losses and Loss Adjustment Expense
	Our reserve for losses and LAE, as of the dates indicated, consisted of:
	(In thousands)	September 30,			December 31,
		2014			2013
	Mortgage insurance reserves	$	1,588,131		$	2,164,353
	Financial guaranty reserves	32,220			21,068
	Total reserve for losses and LAE	$	1,620,351		$	2,185,421
	See Note 10 for information regarding our financial guaranty reserves.
	The following table shows our mortgage insurance reserve for losses and LAE by category at the end of each period indicated:
	(In thousands)	September 30,			December 31,
		2014			2013
	Reserves for losses by category:
	Prime	$	721,811		$	937,307
	Alt-A	308,283			384,841
	A minus and below	182,885			215,545
	IBNR and other	212,908			347,698
	LAE	52,690			51,245
	Reinsurance recoverable (1)	21,201			38,363
	Total primary reserves	1,499,778			1,974,999
	Pool	80,664			169,682
	IBNR and other	2,468			8,938
	LAE	3,434			5,439
	Total pool reserves	86,566			184,059
	Total First-lien reserves	1,586,344			2,159,058
	Second-lien and other (2)	1,787			5,295
	Total reserve for losses	$	1,588,131		$	2,164,353
	______________________
	-1	Primarily represents ceded losses on captive transactions and the QSR Reinsurance Transactions.
	-2	Does not include our Second-lien PDR that is included in other liabilities.
	The following table presents information relating to our mortgage insurance reserves for losses, including IBNR reserves and LAE but excluding Second-lien PDR, for the periods indicated:
		Three Months Ended September 30,					Nine Months Ended September 30,
	(In thousands)	2014			2013		2014			2013
	Mortgage Insurance
	Balance at beginning of period	$	1,714,681		$	2,690,861	$	2,164,353		$	3,083,608
	Less reinsurance recoverables (1)	22,458			58,427		38,363			83,238
	Balance at beginning of period, net of reinsurance recoverables	1,692,223			2,632,434		2,125,990			3,000,370
	Add losses and LAE incurred in respect of default notices reported and unreported in:
	Current year (2)	106,927			140,015		339,496			477,155
	Prior years	(58,370		)	11,997		(177,514		)	(56,777		)
	Total incurred	48,557			152,012		161,982			420,378
	Deduct paid claims and LAE related to:
	Current year (2)	2,911			21,334		3,348			21,483
	Prior years	170,939			498,002		717,694			1,134,155
	Total paid	173,850			519,336		721,042			1,155,638
	Balance at end of period, net of reinsurance recoverables	1,566,930			2,265,110		1,566,930			2,265,110
	Add reinsurance recoverables (1)	21,201			49,675		21,201			49,675
	Balance at end of period	$	1,588,131		$	2,314,785	$	1,588,131		$	2,314,785
	_________________________
	-1	Related to ceded losses on captive reinsurance transactions and the QSR Reinsurance 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.
	Our mortgage insurance loss reserves declined for the three months ended September 30, 2014, primarily as a result of the volume of paid claims, cures and insurance rescissions and claim denials continuing to outpace new default notices received. Reserves established for new default notices were the primary driver of our total incurred loss for the first nine months of 2014. The impact to incurred losses from default notices reported in 2014 was partially mitigated by favorable reserve development on prior year defaults, which was driven primarily by higher cures and lower Claim Severity rates than were previously estimated. Our results for the three and nine months ended September 30, 2014 also include the impact of the BofA Settlement Agreement, as described below.
	Total paid claims were lower for the three and nine months ended September 30, 2014 compared to the comparable period in 2013, primarily due to the impact of the Freddie Mac Agreement in 2013, which increased claims paid by $254.7 million for the three and nine months ended September 30, 2013. The additional decrease in paid claims in 2014 compared to prior year periods is consistent with the overall decline in defaulted loans.
	In August 2013, Radian Guaranty entered into the Freddie Mac Agreement, related to a group of First-lien mortgage loans guaranteed by Freddie Mac that were insured by Radian Guaranty and were in default as of December 31, 2011. As discussed above, at closing we paid Freddie Mac for claims related to these loans, and also deposited funds into a collateral account to cover future Loss Mitigation Activity on these loans. Subject to certain conditions, amounts in the collateral account may be released to Radian Guaranty over time to the extent that Loss Mitigation Activity becomes final in accordance with the terms of the Freddie Mac Agreement. From the time the collateral account was established through September 30, 2014, approximately $38 million of additional Loss Mitigation Activity had become final in accordance with the Freddie Mac Agreement and approximately $118 million of submitted claims had been rescinded, denied, curtailed or cancelled, but were not yet considered final in accordance with the Freddie Mac Agreement. If the BofA Settlement Agreement had been implemented as of September 30, 2014, these amounts would have been approximately $106 million and $32 million, respectively. If the amount of Loss Mitigation Activity that becomes final in accordance with the Freddie Mac Agreement after the collateral account was established is less than $205 million prior to the scheduled termination of the Freddie Mac Agreement, then any shortfall will be paid to Freddie Mac from the funds in the collateral account.
	Our mortgage insurance loss reserves declined for the three months ended September 30, 2013, primarily as a result of a decrease in our total inventory of defaults, as the volume of paid claims, cures and insurance rescissions and claim denials outpaced new default notices received during the quarter. Favorable reserve development on default notices reported in prior years partially mitigated the impact from new defaults, as the benefit to prior year defaults from higher cures and claim curtailments was more than previously estimated.
	Our aggregate weighted average Default to Claim Rate assumption (net of denials and rescissions) used in estimating our primary reserve for losses was 53% at September 30, 2014, compared to 50% at December 31, 2013. We develop our Default to Claim Rate estimates on defaulted loans based on models that use a variety of loan characteristics to determine the likelihood that a default will reach claim status. During the third quarter of 2014, we continued to refine our approach to estimating loss reserves and developed additional portfolio segmentations, primarily based on a loan’s Time in Default and its current Stage of Default, in assessing the likelihood that a default will become a claim. Previously, we gave greater weight to other loan characteristics, including the status of the loan as reported by its servicer, as defined by the number of missed payments, and the type of loan product. As of September 30, 2014, our aggregate weighted average Default to Claim Rate estimate on our primary portfolio, net of estimated denials and rescissions and excluding pending claims, was 47%. Our estimates of gross Default to Claim rates on our primary portfolio ranged from 17% for new defaults, to 81% for Foreclosure Stage Defaults. Our estimate of expected insurance rescissions and claim denials (net of expected reinstatements) embedded in our Default to Claim Rate is generally based on our experience over the past year, with consideration given for differences in characteristics between those rescinded policies and denied claims and the loans remaining in our defaulted inventory. For the three months ended September 30, 2014, our estimates also reflect the expected impact of the BofA Settlement Agreement.
	Although our estimates of future rescissions and denials have been declining, they remain elevated compared to levels experienced before 2009. The elevated levels of our rate of insurance rescissions and claim denials have reduced our paid losses and have resulted in a reduction in our loss reserves. Our estimate of net future rescissions and denials reduced our loss reserves as of September 30, 2014 and December 31, 2013 by approximately $134 million and $247 million, respectively. The amount of estimated rescissions and denials incorporated into our reserve analysis at any point in time is affected by a number of factors, including not only our estimated rate of rescissions and denials on future claims, but also the volume and attributes of our defaulted insured loans, our estimated Default to Claim Rate and our estimated Claim Severity, among other assumptions. As of September 30, 2014, these estimates also reflect the estimated impact of the BofA Settlement Agreement, as further discussed below. As noted above, we expect the amount of estimated rescissions and denials embedded within our reserve analysis to remain elevated as compared to levels before 2009; however, we expect them to continue to decrease over time, as the defaults related to our Legacy Portfolio decline as a proportion of our total default portfolio and as we realize the results through actual rescissions and denials, or the commutations of insured loans. In the event that we experience a more rapid than expected decrease in the level of future insurance rescissions and claim denials from the current levels, it could have an adverse effect on our paid losses and loss reserves.
	The following table illustrates the amount of First-lien claims submitted to us for payment that were rescinded or denied, for the periods indicated, net of any reinstatements of previously rescinded policies or denied claims within each period:
		Three Months Ended September 30,					Nine Months Ended September 30,
	(In millions)	2014			2013		2014			2013
	Rescissions	$	14.5		$	21.6	$	48.3		$	56.5
	Denials	39			4.1		45			131.3
	Total First-lien claims submitted for payment that were rescinded or denied (1)	$	53.5		$	25.7	$	93.3		$	187.8
	______________________
-1	Includes an amount related to a small number of submitted claims that were subsequently withdrawn by the insured.
Our reported rescission and denial activity in any given period is subject to challenge by our lender and servicer customers and from time to time, we engage in discussions with our lender and servicer customers regarding these loss mitigation activities. Unless a liability associated with such activities or discussions becomes probable and can be reasonably estimated, we consider our claim payments and our rescissions, denials and curtailments to be resolved for financial reporting purposes. In accordance with the accounting standard regarding contingencies, we accrue for an estimated loss when we determine that the loss is probable and can be reasonably estimated.
As previously disclosed, we have been in settlement discussions with one servicer regarding a large population of disputed rescissions, denials, curtailments, and potential insurance cancellations. On September 16, 2014, Radian Guaranty reached an agreement with this servicer and entered into a Confidential Settlement Agreement and Release (the “BofA Settlement Agreement”), as referenced above, with Countrywide Home Loans, Inc. and Bank of America, N.A. (together, the “Insureds”), as a successor to BofA Home Loan Servicing f/k/a Countrywide Home Loans Servicing LP, in order to resolve various actual and potential claims or disputes related to the parties’ respective rights and duties as to mortgage insurance coverage on the Subject Loans (as defined below). The loans subject to the BofA Settlement Agreement (the “Subject Loans”) are comprised of: (i) loans that were originated or acquired by an Insured and were insured by Radian Guaranty prior to January 1, 2009, excluding such loans that were refinanced under HARP 2 (“Legacy Loans”); and (ii) loans other than Legacy Loans that were or are serviced by the Insureds and were 90 days or more past due as of July 31, 2014, or if servicing has been transferred to a servicer other than the Insureds, 90 days or more past due as of the transfer date (“Servicing Only Loans”).
Implementation of the BofA Settlement Agreement remains subject to the condition precedent that the GSEs consent to the BofA Settlement Agreement. If the consent of the GSEs is obtained, the BofA Settlement Agreement will be implemented for Subject Loans held in portfolio by the Insureds or purchased by the GSEs on the Implementation Date. In addition, with respect to Subject Loans that were either not held in portfolio by the Insureds or were purchased by non-GSE investors, including securitization trusts and other investors (the “Other Investors”), the BofA Settlement Agreement requires the consent of the Other Investors for these loans to be included in the BofA Settlement Agreement other than with respect to certain rights of cancellation (described below) which will apply to such loans as of the Implementation Date. The consent of the Other Investors, who hold approximately 12% of the number of Subject Loans, is not a condition precedent to the implementation of the BofA Settlement Agreement. The BofA Settlement Agreement provides that either party may terminate the BofA Settlement Agreement if consent of the GSEs is not received by November 15, 2014, except that the parties can agree to an extension and neither party can refuse an extension while any party is actively seeking consent from the GSEs. The parties are currently in the process of seeking consent from the GSEs.
If implemented, the BofA Settlement Agreement provides that all claims decisions by Radian Guaranty on Legacy Loans (including claims paid, coverage rescissions, claim denials and curtailments) that were communicated on or before February 13, 2013 will become final and will not be subject to future challenge or adjustment. With respect to claims decisions on Subject Loans that have been or will be communicated by Radian Guaranty after February 13, 2013 (“Future Legacy Loans”), the BofA Settlement Agreement provides that, subject to certain limited exceptions and conditions, Radian Guaranty will not effect any coverage rescissions, claim denials or curtailments. To the extent any such loss mitigation actions previously have been taken on Future Legacy Loans, Radian Guaranty will reinstate coverage and pay a reimbursement amount equal to the difference between the amount actually paid by Radian Guaranty and the eligible claim amount. Radian Guaranty has further agreed that with respect to Future Legacy Loans it will not assert any origination error or servicing defect as a basis for a decision not to pay a claim, nor will it effect a curtailment of such claims; provided however, Radian Guaranty retains the right to curtail Legacy Loans that are less than 90 days delinquent as of July 31, 2014 (“Potential Curtailment Loans”) and any Future Legacy Loans serviced by a servicer other than the Insureds (a “Protected Curtailment”).
The BofA Settlement Agreement provides that for Servicing Only Loans: (i) if Radian Guaranty effected a claim payment on or before May 30, 2014, any curtailments on such loans will become final and will not be subject to future challenge, appeal or adjustment; and (ii) for claim payments for Servicing Only Loans paid after May 30, 2014, Radian Guaranty will not make any curtailments (excluding Protected Curtailments, which may continue in the ordinary course) and, to the extent any curtailments previously have been effected on such loans, Radian Guaranty will pay a reimbursement amount equal to the curtailment amount. The BofA Settlement Agreement does not affect Radian Guaranty’s right to effect rescissions or denials on any Servicing Only Loans and any such rescissions or denials will continue to be governed by the applicable master insurance policies, subject to certain requirements in the BofA Settlement Agreement regarding the documents required to perfect such claims. Radian Guaranty has further agreed not to assert any right to cancel coverage on any Subject Loan for failure to initiate certain proceedings (most commonly foreclosure proceedings) within the timelines set forth in Radian Guaranty’s master insurance policy.
The BofA Settlement Agreement contains an alternative dispute resolution process for resolving certain disputes arising under the agreement, including disputes related to the processing, determination or payment of claims on Future Legacy Loans and future Servicing Only Loans, including curtailments on Potential Curtailment Loans.
As discussed above, our reported rescission and denial activity in any given period is subject to challenge by our lender and servicer customers, and we expect that a portion of previously rescinded policies will be reinstated and previously denied claims will be resubmitted with the required documentation and ultimately paid. We have incorporated this expectation into our reserve estimate, and our IBNR reserve estimate primarily consists of our estimate of future reinstatements of previously rescinded policies and denied claims. Our total IBNR reserve estimate was $153.3 million and $281.9 million at September 30, 2014 and December 31, 2013, respectively. For both periods, a substantial portion of our IBNR reserve estimate is related to expected payments for loans subject to the BofA Settlement Agreement. The significant decrease in our IBNR reserve estimate at September 30, 2014 as compared to December 31, 2013, reflects the terms of the BofA Settlement Agreement and assumes that the agreement will be implemented following GSE consent. As of September 30, 2014, the IBNR reserve estimate of $153.3 million included approximately $112.3 million for loans subject to the BofA Settlement Agreement. The remaining IBNR reserve included an estimate of future reinstatements of previously denied claims, rescinded policies and claim curtailments of $18.3 million, $1.9 million, and $10.2 million, respectively, that relate to $140.8 million of claims that were denied within the preceding 12 months, $135.0 million of policies rescinded within the preceding 24 months, and $63 million of claim curtailments within the preceding 24 months. The decrease in our IBNR reserve estimate resulting from the BofA Settlement Agreement was partially offset by an increase in our mortgage insurance case reserves to incorporate the fact that we have agreed not to take further action to effect rescissions and claim denials on Future Legacy Loans. While our reserves include our best estimate of probable losses, if the BofA Settlement Agreement is not implemented as anticipated, our actual losses with respect to the loans subject to the BofA Settlement Agreement may differ materially from our current estimates and we may be required to recognize additional losses to increase the IBNR reserve. However, we cannot estimate the amount of any additional loss that is reasonably possible.
Generally, excluding claims that are expected to be resolved in accordance with the BofA Settlement Agreement, we estimate our claim liability related to the potential future reinstatement of previously denied claims and rescinded policies by estimating an initial gross reinstatement rate at the time of denial or rescission, which then declines over a 12- or 24-month timeframe based on our expectation that there is a reduced likelihood that a reinstatement will occur as time passes from our initial decision regarding a denial or rescission. As of September 30, 2014, for previously denied claims, this initial gross reinstatement assumption begins at 60% and declines to 0% after 12 months, while for previously rescinded policies, the initial assumed reinstatement rate begins at 20% and declines to 0% after 24 months. Our total IBNR reserve estimate also includes the projected potential impact from future estimated rescissions on reinstated denials. Therefore, at any particular point in time, our IBNR reserve estimate with respect to previously rescinded policies or denied claims is affected not only by our initial reinstatement assumption, but also by the length of time since the denial or rescission, our estimated likelihood of such reinstatements resulting in a paid claim, and the expected Claim Severity on such paid claims, as well as the potential outcome of any discussions with our lender and servicer customers regarding such rescissions or denials. In addition, as of September 30, 2014, our IBNR reserve estimate incorporates an overturn assumption for amounts curtailed on previously paid claims.
We also accrue for the premiums that we expect to refund to our lender customers in connection with our estimated insurance rescission activity. Our accrued liability for such refunds, which is included within other liabilities on our condensed consolidated balance sheets, was $8.0 million and $17.0 million as of September 30, 2014 and December 31, 2013, respectively.
We considered the sensitivity of our loss reserve estimates at September 30, 2014 by assessing the potential changes resulting from a parallel shift in Claim Severity and Default to Claim Rate for primary loans. For example, assuming all other factors remain constant, for every one percentage point change in primary Claim Severity (which we estimate to be 103% of our risk exposure at September 30, 2014), we estimated that our loss reserves would change by approximately $12 million at September 30, 2014. For every one percentage point change in our primary net Default to Claim Rate (which we estimate to be 53% at September 30, 2014, including our assumptions related to rescissions and denials), we estimated a change of approximately $23 million in our loss reserves at September 30, 2014.

Note_10_Financial_Guaranty_Ins

Note 10 - Financial Guaranty Insurance Contracts (Notes)	9 Months Ended
	Sep. 30, 2014
Financial Guaranty Insurance Contracts [Abstract]	'
Financial Guarantee Insurance Contracts	'
	Financial Guaranty Insurance Contracts
	The following table includes information as of September 30, 2014 regarding our financial guaranty claim liabilities on non-derivative transactions, segregated by the surveillance categories that we use in monitoring the risks related to these contracts:
		Surveillance Categories
	($ in thousands)	Performing			Special			Intensified			Case			Total
					Mention			Surveillance			Reserve
	Number of policies	5			168			90			81			344
	Remaining weighted-average contract period (in years)	21			15			18			18			17
	Insured contractual payments outstanding:
	Principal	$	1,338		$	943,438		$	658,561		$	94,091		$	1,697,428
	Interest	151			486,985			386,906			25,267			899,309
	Total	$	1,489		$	1,430,423		$	1,045,467		$	119,358		$	2,596,737
	Gross claim liability	$	1		$	15,352		$	227,546		$	32,230		$	275,129
	Less:
	Gross potential recoveries	—			1,830			291,209			48,922			341,961
	Discount, net	—			1,966			(110,678		)	(1,252		)	(109,964		)
	Net claim liability (asset) (prior to reduction for unearned premium)	$	1		$	11,556		$	47,015		$	(15,440	)	$	43,132
	Unearned premium revenue	$	5		$	14,101		$	9,471		$	—		$	23,577
	Net claim liability (asset) reported in the balance sheet	$	—		$	4,736		$	40,608		$	(15,439	)	$	29,905
	Reinsurance recoverables	$	—		$	—		$	—		$	—		$	—
	A net claim liability is established for a performing credit if there is evidence that credit deterioration has occurred and the expected loss on the credit exceeds the unearned premium revenue for the contract based on the present value of the expected net cash inflows and outflows. Included in accounts and notes receivable and unearned premiums on our condensed consolidated balance sheets are the present values of premiums receivable and unearned premiums that are received on an installment basis. The premiums receivable is net of commissions on assumed reinsurance business. The present values of premiums receivable and unearned premiums that are received on an installment basis were $21.7 million and $24.9 million, respectively, as of September 30, 2014, and $25.2 million and $27.0 million, respectively, as of December 31, 2013.
	The accretion of these balances is included either in premiums written and premiums earned (for premiums receivable) or policy acquisition costs (for commissions) on our condensed consolidated statements of operations. There was an immaterial amount of accretion recorded in policy acquisition costs and premiums earned for the three and nine months ended September 30, 2014 and 2013.
	The nominal (non-discounted) premiums, net of commissions that are expected to be collected on financial guaranty contracts with installment premiums, included in premiums receivable as of September 30, 2014, was $27.4 million and is expected to decrease over time as the portfolio runs off. The activity related to the net present value of premiums receivable during the three and nine months ended September 30, 2014 and 2013 was not material. The weighted-average risk-free rate used to discount the premiums receivable and premiums to be collected was 2.6% at September 30, 2014.
	Premiums earned were affected by the following for the periods indicated:
		Three Months Ended September 30,						Nine Months Ended September 30,
	(In thousands)	2014			2013			2014			2013
	Refundings	$	6,253		$	6,979		$	14,443		$	22,020
	Recaptures/Commutations	—			—			—			(2,447		)
	Adjustments to installment premiums, gross of commissions	(1,586		)	(155		)	(1,425		)	2,527
	Unearned premium acceleration upon establishment of case reserves	905			—			967			69
	Foreign exchange revaluation, gross of commissions	(299		)	112			21			(975		)
	Total adjustment to premiums earned	$	5,273		$	6,936		$	14,006		$	21,194
	The following table shows the expected contractual premium revenue from our existing financial guaranty portfolio, assuming no Refundings of any financial guaranty obligations, as of September 30, 2014:
	(In thousands)	Ending Net			Unearned			Accretion			Total
		Unearned			Premium						Premium
		Premiums			Amortization						Revenue
	4th quarter 2014	$	154,439		$	6,080		$	179		$	6,259
	2014	154,439			6,080			179			6,259
	2015	139,127			15,312			674			15,986
	2016	126,046			13,081			617			13,698
	2017	114,629			11,417			581			11,998
	2018	103,819			10,811			530			11,341
	2014 - 2018	103,819			56,701			2,581			59,282
	2019 - 2023	59,338			44,480			2,049			46,529
	2024 - 2028	29,650			29,689			1,334			31,023
	2029 - 2033	12,697			16,962			858			17,820
	After 2033	—			12,697			993			13,690
	Total	$	—		$	160,529		$	7,815		$	168,344
	The following table shows the significant components of changes in our financial guaranty claim liability for the three and nine months ended September 30, 2014 and 2013, excluding reserves related to our trade credit reinsurance and surety business of $2.3 million and $1.6 million, respectively, which are excluded from the accounting standard regarding accounting for financial guaranty insurance contracts by insurance enterprises.
		Three Months Ended September 30,						Nine Months Ended September 30,
	(In thousands)	2014			2013			2014			2013
	Claim liability at beginning of period	$	32,859		$	23,611		$	19,458		$	64,291
	Incurred losses and LAE:
	(Decrease) increase in gross claim liability	(18,154		)	(28,486		)	8,965			(56,477		)
	Decrease in gross potential recoveries	18,308			8,896			64,454			35,339
	(Increase) decrease in discount	(8,438		)	24,075			(68,197		)	30,208
	Decrease (increase) in unearned premiums	1,384			926			(1,887		)	213
	Incurred losses and LAE	(6,900		)	5,411			3,335			9,283
	Recovered (paid) losses and LAE:
	Current year	(669		)	(70		)	(692		)	(103		)
	Prior years	4,615			1,586			7,804			(42,933		)
	Recoveries (payments) of losses and LAE	3,946			1,516			7,112			(43,036		)
	Claim liability at end of period	$	29,905		$	30,538		$	29,905		$	30,538
	Components of incurred losses and LAE:
Claim liability established in current period	$	922		$	866		$	13,065		$	1,249
Changes in existing claim liabilities	(7,822		)	4,545			(9,730		)	8,034
Total incurred losses and LAE	$	(6,900	)	$	5,411		$	3,335		$	9,283
Components of (increase) decrease in discount:
Decrease (increase) in discount related to claim liabilities established in current period	$	322		$	268		$	(3,735	)	$	103
(Increase) decrease in discount related to existing claim liabilities	(8,760		)	23,807			(64,462		)	30,105
Total (increase) decrease in discount	$	(8,438	)	$	24,075		$	(68,197	)	$	30,208
Paid losses during the first nine months of 2013 include $41.6 million related to a January 2013 commutation with a primary insurer.
Our financial guaranty loss reserve estimate involves significant judgment surrounding the estimated probability of the likelihood, magnitude and timing of each potential loss based upon different loss scenarios. The probabilities, assumptions and estimates we use to establish our financial guaranty loss reserves are subject to uncertainties, particularly given the current economic and credit environments, including uncertainties regarding our public finance municipal exposures and international Sovereign risk exposures. We continue to monitor the uncertainties surrounding our portfolio, and it is possible that the actual losses paid could differ materially from our present estimates.
The weighted-average risk-free rates used to discount the gross claim liability and gross potential recoveries on our financial guaranty contracts were as follows, as of the dates indicated:
September 30, 2014	2.52	%
December 31, 2013	2.95	%
September 30, 2013	3	%
December 31, 2012	2	%

Note_11_LongTerm_Debt_Notes

Note 11 - Long-Term Debt (Notes)	9 Months Ended
	Sep. 30, 2014
Long-term Debt, Unclassified [Abstract]	'
Long-term Debt	'
	Long-Term Debt
	The carrying value of our long-term debt at September 30, 2014 and December 31, 2013 was as follows:
	(In thousands)		September 30,			December 31,
			2014			2013
	5.38%	Senior Notes due 2015	$	—		$	54,481
	9.00%	Senior Notes due 2017	192,348			191,611
	3.00%	Convertible Senior Notes due 2017 (1)	369,737			353,798
	2.25%	Convertible Senior Notes due 2019 (2)	338,984			330,182
	5.50%	Senior Notes due 2019	300,000			—
		Total long-term debt	$	1,201,069		$	930,072
	_______________________
	-1	The principal amount of these notes is $450 million.
	-2	The principal amount of these notes is $400 million.
	Senior Notes due 2015
	On June 16, 2014, in accordance with the optional redemption provisions of the notes, we redeemed all of the remaining outstanding principal amount of our Senior Notes due 2015 at a price established in accordance with the indenture governing these senior notes. We paid $57.2 million to holders of the notes at redemption and recorded a loss of $2.8 million.
	Senior Notes due 2019
	In May 2014, in anticipation of the Clayton acquisition, we issued $300 million principal amount of Senior Notes due 2019 and received net proceeds of approximately $293.8 million. The notes bear interest at a rate of 5.500% per annum, payable semi-annually on June 1 and December 1 of each year, commencing on December 1, 2014. These notes mature on June 1, 2019 and include covenants customary for securities of their nature. Additionally, the indenture governing these notes includes covenants restricting us from encumbering the capital stock of a designated subsidiary (as defined in the indenture) or disposing of any capital stock of any designated subsidiary unless either all of the stock is disposed of or we retain more than 80% of the stock. We have the option to redeem these notes, in whole or in part, at any time or from time to time prior to maturity at a redemption price equal to the greater of: (i) 100% of the aggregate principal amount of the notes to be redeemed and (ii) the make-whole amount, which is the present value of the notes discounted at the applicable treasury rate plus 50 basis points, plus, in each case, accrued interest thereon to the redemption date.
	Convertible Senior Notes due 2017 and 2019
	During the three-month period ended September 30, 2014, our closing stock price exceeded the threshold required for the holders of our Convertible Senior Notes due 2019 to be able to exercise their conversion rights during the three-month period ending December 31, 2014, but it did not exceed the applicable threshold under the Convertible Senior Notes due 2017. In any period when holders of the Convertible Senior Notes due 2017 are eligible to exercise their conversion option, the equity component related to these instruments will be reclassified from permanent equity to mezzanine (temporary) equity, specifically in those instances when the issuer is required to settle the aggregate principal amount of the notes in cash. Therefore, if in any future period the holders of our Convertible Senior Notes due 2017 are able to exercise their conversion rights, then the difference between (1) the amount of cash deliverable upon conversion (i.e., par value of debt) and (2) the carrying value of the debt component will be reclassified from permanent equity to mezzanine equity, and will continue to be reported as mezzanine equity for any period in which the debt remains currently convertible.
	Issuance and transaction costs incurred at the time of the issuance of the convertible notes are allocated to the liability and equity components in proportion to the allocation of proceeds and accounted for as debt issuance costs and equity issuance costs, respectively. The convertible notes are reflected on our condensed consolidated balance sheets as follows:
		Convertible Senior Notes due 2017						Convertible Senior Notes due 2019
	(In thousands)	September 30,			December 31,			September 30,				December 31,
		2014			2013			2014				2013
	Liability component:
	Principal	$	450,000		$	450,000		$	400,000			$	400,000
	Less: debt discount, net (1)	(80,263		)	(96,202		)	(61,015		)		(69,818		)
	Net carrying amount	$	369,737		$	353,798		$	338,985			$	330,182
	Equity component (net of tax impact) (2)	$	65,679		$	65,679		$	77,026		-3	$	77,026		-3
	__________________
	-1	Included within long-term debt and is being amortized over the life of the convertible notes.
	-2	Amount included within additional paid-in capital, net of the capped call transactions (Convertible Senior Notes due 2017) and related issuance costs (Convertible Senior Notes due 2017 and 2019).
	-3	There was no net tax impact recorded in equity related to the Convertible Senior Notes due 2019, as a result of our full valuation allowance.
	The following tables set forth total interest expense recognized related to the convertible notes for the periods indicated:
		Convertible Senior Notes due 2017
		Three Months Ended September 30,						Nine Months Ended September 30,
	($ in thousands)	2014			2013			2014				2013
	Contractual interest expense	$	3,375		$	3,375		$	10,125			$	10,125
	Amortization of debt issuance costs	308			291			912				861
	Amortization of debt discount	5,441			4,943			15,939				14,481
	Total interest expense	$	9,124		$	8,609		$	26,976			$	25,467
	Effective interest rate of the liability component	9.75		%	9.75		%	9.75		%		9.75		%
		Convertible Senior Notes due 2019
		Three Months Ended September 30,						Nine Months Ended September 30,
	($ in thousands)	2014			2013			2014				2013
	Contractual interest expense	$	2,250		$	2,250		$	6,750			$	5,175
	Amortization of debt issuance costs	322			311			957				711
	Amortization of debt discount	2,980			2,801			8,803				6,378
	Total interest expense	$	5,552		$	5,362		$	16,510			$	12,264
	Effective interest rate of the liability component	6.25		%	6.25		%	6.25		%		6.25		%

Note_12_Accumulated_Other_Comp

Note 12 - Accumulated Other Comprehensive Income	9 Months Ended
	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]	'
Accumulated Other Comprehensive Income	'
	Accumulated Other Comprehensive Income
	The following table shows the rollforward of AOCI as of the periods indicated:
		Three Months Ended September 30, 2014									Nine Months Ended September 30, 2014
	(In thousands)	Before Tax			Tax Effect			Net of Tax			Before Tax			Tax Effect			Net of Tax
	Balance at beginning of period	$	70,857		$	19,840		$	51,017		$	57,345		$	19,962		$	37,383
	OCI:
	Foreign currency translation adjustments:
	Unrealized foreign currency translation adjustment	(186		)	—			(186		)	(186		)	—			(186		)
	Less: Reclassification adjustment for net gains (losses) included in net income	—			—			—			—			—			—
	Net foreign currency translation adjustments	(186		)	—			(186		)	(186		)	—			(186		)
	Unrealized (losses) gains on investments:
	Unrealized holding (losses) gains arising during the period	(2,281		)	(45		)	(2,236		)	11,437			(93		)	11,530
	Less: Reclassification adjustment for net losses included in net income (1)	(541		)	(122		)	(419		)	(335		)	(48		)	(287		)
	Net unrealized (losses) gains on investments	(1,740		)	77			(1,817		)	11,772			(45		)	11,817
	OCI	(1,926		)	77			(2,003		)	11,586			(45		)	11,631
	Balance at end of period	$	68,931		$	19,917		$	49,014		$	68,931		$	19,917		$	49,014
		Three Months Ended September 30, 2013									Nine Months Ended September 30, 2013
	(In thousands)	Before Tax			Tax Effect			Net of Tax			Before Tax			Tax Effect			Net of Tax
	Balance at beginning of period	$	37,450		$	12,984		$	24,466		$	24,904		$	8,809		$	16,095
	Unrealized holding gains arising during the period	7,659			2,681			4,978			21,422			7,498			13,924
	Less: Reclassification adjustment for net gains included in net loss (1)	444			140			304			1,661			782			879
	Net unrealized gains on investments	7,215			2,541			4,674			19,761			6,716			13,045
	OCI	7,215			2,541			4,674			19,761			6,716			13,045
	Balance at end of period	$	44,665		$	15,525		$	29,140		$	44,665		$	15,525		$	29,140
	_________________________
	-1	Included in net (losses) gains on investments on our condensed consolidated statements of operations.

Note_13_Income_Taxes_Notes

Note 13 - Income Taxes (Notes)	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Income Taxes
	We provide for income taxes in accordance with the provisions of the accounting standard regarding accounting for income taxes. As required under this standard, our DTAs and DTLs are recognized under the balance sheet method, which recognizes the future tax effect of temporary differences between the amounts recorded in our condensed consolidated financial statements and the tax bases of these amounts. DTAs and DTLs are measured using the enacted tax rates expected to apply to taxable income in the periods in which the DTA or DTL is expected to be realized or settled.
	Our provision for income taxes for interim financial periods is based on an estimate of our annual effective tax rate for the full year of 2014. When estimating our full year 2014 effective tax rate, we adjust our projected pre-tax income for gains and losses on our derivative transactions and investments, changes in the accounting for uncertainty in income taxes, changes in our beginning of year valuation allowance, and other adjustments. The impact of these items is accounted for discretely at the federal applicable tax rate. During 2013, given the impact on our pre-tax results of net gains or losses resulting from our derivative transactions and our investment portfolio, and the continued uncertainty around our ability to rely on certain short-term financial projections, which directly affected our ability to estimate an effective tax rate for the full year, we recorded our interim period income tax provision (benefit) based on actual results of operations.
	For federal income tax purposes, we had approximately $1.6 billion of NOL carryforwards and $26.3 million of foreign tax credit carryforwards as of September 30, 2014. To the extent not utilized, the NOL carryforwards will expire during tax years 2028 through 2032 and the foreign tax credit carryforwards will expire during tax years 2018 through 2020. Certain entities within our consolidated group have also generated DTAs of approximately $34.4 million relating to state and local NOL carryforwards, which if unutilized, will expire during various future tax periods.
	As of September 30, 2014 and December 31, 2013, before consideration of our valuation allowance, we had DTAs, net of DTLs, of approximately $833.4 million and $1,040.2 million, respectively.
	We are required to establish a valuation allowance against our DTA when it is more likely than not that all or some portion of our DTA will not be realized. At each balance sheet date, we assess our need for a valuation allowance. Our assessment is based on all available evidence, both positive and negative. This requires management to exercise judgment and make assumptions regarding whether our DTA will be realized in future periods. In making this assessment as of September 30, 2014, the primary negative evidence that we considered was our cumulative losses in recent years. We also considered positive evidence when assessing the need for a valuation allowance, such as future reversals of existing taxable temporary differences, future projections of taxable income, taxable income within the applicable carryback and carryforward periods, and potential tax planning strategies. In assessing our need for a valuation allowance, the weight assigned to the effect of both negative and positive evidence is commensurate with the extent to which such evidence can be objectively verified. Future recognition of our DTA will ultimately depend on the existence of sufficient taxable income of the appropriate character (ordinary income or capital gains) within the applicable carryback and carryforward periods provided under the tax law. This recognition may be based on the continued improvement in operating results and increased certainty regarding our projected incurred losses, and our ability to sustain profitability over an appropriate time period in amounts that are sufficient to support a conclusion that it is more likely than not that all or a portion of our DTAs will be realized. Based on the continued improvement of our operating results, we expect to meet these criteria in 2015 and possibly earlier, which would require the reversal of substantially all of our valuation allowance.
	A valuation allowance of approximately $834.5 million and $1,022.3 million was recorded against our net DTA of approximately $833.4 million and $1,040.2 million at September 30, 2014 and December 31, 2013, respectively. The remaining DTA of approximately $17.9 million at December 31, 2013 represented our NOL carryback that we would be able to utilize as part of an overall settlement of the proposed IRS adjustments relating to tax years 2000 through 2007. Our valuation allowance is in excess of our net DTA as of September 30, 2014 and this excess represents the impact of DTLs relating to the amortization of goodwill. DTLs relating to indefinite-lived intangible assets, such as goodwill, would not ordinarily serve as a source of income for the realization of DTAs because the liability will not reverse until some future indefinite period when the asset is either sold or written down due to impairment.
	In July 2013, the FASB issued an update to the accounting standard regarding income taxes, which we adopted in the first quarter of 2014. This update provides guidance concerning the balance sheet presentation of an unrecognized tax benefit when Carryforwards are available. This accounting standard requires an entity to present its DTAs for the Carryforwards net of its liability related to unrecognized tax benefits. A gross presentation will be required when the Carryforwards are not available under the tax law of the applicable jurisdiction or when the Carryforwards would not be used to settle any additional income taxes resulting from disallowance of the uncertain tax position. As a result of our implementation of this new FASB guidance, our September 30, 2014 condensed consolidated balance sheet reflects a full valuation allowance against our DTAs because our remaining DTA was reduced by the reclassification of our liability for unrecognized tax benefits during the first quarter.
	During the nine months ended September 30, 2014, our valuation allowance decreased by approximately $187.8 million. Of this amount, $184.8 million was recorded as a benefit in continuing operations offsetting the related deferred tax expense and $4.1 million was recorded through OCI. Additionally, a $1.1 million increase in our valuation allowance was recorded as an offset to goodwill related to the acquisition of Clayton.
	As previously disclosed, we are contesting proposed adjustments resulting from the examination by the IRS of our 2000 through 2007 consolidated federal income tax returns. The IRS opposes the recognition of certain tax losses and deductions that were generated through our investment in a portfolio of non-economic REMIC residual interests and proposed adjustments denying the associated tax benefits of these items. We appealed these proposed adjustments to Appeals and made “qualified deposits” with the U.S. Treasury of approximately $85 million in June 2008 relating to the 2000 through 2004 tax years and approximately $4 million in May 2010 relating to the 2005 through 2007 tax years in order to avoid the accrual of above-market-rate interest with respect to the proposed adjustments.
	We made several attempts to reach a compromised settlement with Appeals, but in January 2013, we were notified that Appeals had rejected our latest settlement offer and planned to issue formal Notices of Deficiency (known as “90-day letters”). On September 4, 2014, we received Notices of Deficiency covering the 2000 through 2007 tax years. The Notices of Deficiency assert unpaid taxes and penalties related to the REMIC matters of approximately $157 million and excludes any potential benefit related to our NOL carryback ability. As of September 30, 2014, there also would be interest of approximately $113 million related to these matters. Depending on the outcome of these matters, additional state income taxes, penalties and interest also may become due when a final resolution is reached. As of September 30, 2014, these additional state tax payments would approximate $30 million. The Notices of Deficiency also reflected additional amounts due of approximately $105 million, which are primarily associated with the disallowance of the previously filed carryback of our 2008 NOL to the 2006 and 2007 tax years. We currently believe that the disallowance of our 2008 NOL carryback is a precautionary position by the IRS and that we will ultimately maintain the benefit of this NOL carryback claim.
	We have until December 3, 2014 to either pay the Deficiency Amount in full or petition the U.S. Tax Court to litigate the Deficiency Amount. We currently intend to petition the U.S. Tax Court to litigate this matter, which could take several years to resolve and may result in substantial legal expenses. We can provide no assurance regarding the outcome of any such litigation or whether a compromised settlement with the IRS will ultimately be reached. We continue to believe that an adequate provision for income taxes had been made for the potential liabilities that may result from this matter. However, if the ultimate resolution of this matter produces a result that differs materially from our current expectations, there could be a material impact on our effective tax rate, results of operations and cash flows.

Note_14_Statutory_Information_

Note 14 - Statutory Information (Notes)	9 Months Ended
	Sep. 30, 2014
Statutory Information [Abstract]	'
Statutory Information	'
	Statutory Information
	We prepare our statutory financial statements in accordance with the accounting practices required or permitted, if applicable, by the insurance departments of the respective states of domicile of our insurance subsidiaries. Required statutory accounting practices include a variety of publications of the NAIC as well as state laws, regulations and general administrative rules. In addition, insurance departments have the right to permit other specific practices that may deviate from prescribed practices. As of September 30, 2014, our use of any prescribed or permitted statutory accounting practices did not result in reported statutory surplus or risk-based capital being significantly different from what would have been reported had NAIC statutory accounting practices been followed.
	State insurance regulators impose various capital requirements on our insurance subsidiaries. These include Risk-to-capital, risk-based capital measures and surplus requirements that limit the amount of insurance that each of our insurance subsidiaries may write. Our failure to maintain adequate levels of capital could lead to intervention by the various insurance regulatory authorities, which could materially and adversely affect our business, business prospects and financial condition.
	Radian Group serves as the holding company for our insurance subsidiaries, through which we conduct the business of our mortgage insurance and financial guaranty business segments. These insurance subsidiaries are subject to comprehensive, detailed regulation by the insurance departments in the various states where our insurance subsidiaries are domiciled or licensed to transact business. Insurance laws vary from state to state, but generally grant broad supervisory powers to state agencies or officials to examine insurance companies and enforce rules or exercise discretion affecting almost every significant aspect of the insurance business, including the power to revoke or restrict an insurance company’s ability to write new business. The state insurance regulations include various capital requirements and dividend restrictions based on our insurance subsidiaries’ statutory financial position and results of operations, as described in Note 1 and below. Our failure to maintain adequate levels of capital could lead to intervention by the various insurance regulatory authorities, which could materially and adversely affect our business, business prospects and financial condition. As of September 30, 2014, the amount of restricted net assets held by our consolidated insurance subsidiaries (which represents our equity investment in those insurance subsidiaries) totaled $1.9 billion of our consolidated net assets.
	Radian Guaranty
	Radian Guaranty is domiciled and licensed in Pennsylvania as a stock casualty insurance company authorized to carry on the business of credit insurance, which includes the authority to write mortgage guaranty insurance. It is a monoline insurer, restricted to writing only residential mortgage guaranty insurance.
	Radian Guaranty’s statutory net income (loss), statutory policyholders’ surplus and contingency reserve as of or for the periods indicated were as follows:
	(In millions)	As of and for the Nine Months Ended September 30, 2014			As of and for the Year Ended December 31, 2013
	Statutory net income (loss)	$	393.6		$	(23.8	)
	Statutory policyholders’ surplus	1,326.10			1,317.80
	Contingency reserve	291.4			23
	Radian Guaranty’s Risk-to-capital calculation appears in the table below. For purposes of the Risk-to-capital requirements imposed by certain states, statutory capital is defined as the sum of statutory policyholders’ surplus (i.e., statutory capital and surplus) plus statutory contingency reserves.
		September 30,			December 31,
		2014			2013
	($ in millions)
	RIF, net (1)	$	29,713.40		$	26,128.20
	Statutory policyholders’ surplus	$	1,326.10		$	1,317.80
	Contingency reserve	291.4			23
	Statutory capital	$	1,617.50		$	1,340.80
	Risk-to-capital	18.4:1			19.5:1
	_______________________
	-1	Excludes risk ceded through reinsurance contracts (to third parties and affiliates) and RIF on defaulted loans.
	We actively manage Radian Guaranty’s capital position in various ways, including: (1) through internal and external reinsurance arrangements; (2) by seeking opportunities to reduce our risk exposure through commutations and other negotiated transactions; and (3) by contributing additional capital from Radian Group.
	Currently, we expect to maintain Radian Guaranty’s Risk-to-capital at or below 20 to 1. Radian Guaranty was in compliance with the Statutory RBC Requirements or MPP Requirements, as applicable, in each of the RBC States as of September 30, 2014. See Note 1 for information regarding the Statutory RBC Requirements and MPP Requirements as well as the proposed GSE eligibility requirements that were issued in the form of the proposed PMIERs for public comment on July 10, 2014.
	The reduction in Radian Guaranty’s Risk-to-capital in the first nine months of 2014 was primarily due to increases in statutory net income and contingency reserves, partially offset by an increase in net RIF at Radian Guaranty.
	Radian Asset Assurance
	Radian Asset Assurance is domiciled and licensed in New York as a monoline financial guaranty insurer. It is also licensed under the New York insurance laws to write some types of surety insurance and credit insurance.
	Radian Asset Assurance’s ability to pay dividends to its parent, Radian Guaranty, is restricted by certain provisions of the insurance laws of New York. Under the New York insurance laws, Radian Asset Assurance may only pay dividends from statutory earned surplus. Without the prior approval from the NYSDFS, Radian Asset Assurance can only pay a dividend, which when totaled with all other dividends declared or distributed by it during the preceding 12 months, is the lesser of 10% of its statutory policyholders’ surplus, as shown by its last statement on file with the NYSDFS, or 100% of statutory adjusted net investment income during such period. In addition, the NYSDFS, in its discretion, may approve an Extraordinary Dividend. In July 2014, Radian Asset Assurance, upon receipt of approval from the NYSDFS, declared and paid an Extraordinary Dividend of $150 million to Radian Guaranty. Given the significant level of capital still remaining at Radian Asset Assurance, we currently expect to request approval for an additional Extraordinary Dividend in 2015, but there can be no assurance that the NYSDFS will grant future requests for Extraordinary Dividends, and if granted, that they will not be subject to material conditions. Absent any further NYSDFS approval for an Extraordinary Dividend, Radian Asset Assurance expects to have the capacity to pay an ordinary dividend to Radian Guaranty in 2015 of approximately $26.5 million. As of September 30, 2014, Radian Asset Assurance maintained claims paying resources of $1.4 billion, which consists of statutory policyholders’ surplus of $1.0 billion, plus contingency reserves, Unearned Premium Reserves, the present value of installment premiums and loss and LAE reserves.
	Since Radian Asset Assurance ceased writing new business in June 2008, Radian Asset Assurance has reduced its aggregate net par exposure by approximately 83% to $19.4 billion as of September 30, 2014. This reduction included large declines in many of the riskier segments of Radian Asset Assurance’s insured portfolio.
	New York insurance law also establishes aggregate risk limits on the basis of aggregate net liability as compared with statutory capital. “Aggregate net liability” is a risk-based calculation based on outstanding principal and interest of guaranteed obligations insured, net of qualifying reinsurance and collateral. Under these limits, statutory policyholders’ surplus and contingency reserves must not be less than a percentage of aggregate net liability equal to the sum of various percentages of aggregate net liability for various categories of specified obligations. The percentage varies from 0.33% for certain municipal obligations to 4% for certain non-investment grade obligations. As of September 30, 2014, the aggregate net liability of Radian Asset Assurance was significantly below the applicable limit.
	New York insurance law requires financial guaranty insurers to maintain minimum statutory policyholders’ surplus of $65 million. When added to the minimum statutory policyholders’ surplus of $1.4 million separately required for the other lines of insurance that Radian Asset Assurance is licensed to write, Radian Asset Assurance is required to maintain an aggregate minimum statutory policyholders’ surplus of $66.4 million. Radian Asset Assurance’s statutory net income (loss), statutory policyholders’ surplus and contingency reserve as of or for the periods indicated were as follows:
	(In millions)	As of and for the Nine Months Ended September 30, 2014			As of and for the Year Ended December 31, 2013
	Statutory net loss	$	(7.4	)	$	(24.9	)
	Statutory policyholders’ surplus	1,033.10			1,198.00
	Contingency reserve	287.7			264

Note_15_Selected_Financial_Inf

Note 15 - Selected Financial Information of Registrant (Notes)	9 Months Ended
	Sep. 30, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]	'
Selected Financial Information of Registrant - Radian Group	'
	Selected Financial Information of Registrant—Radian Group
	(In thousands)	September 30,		December 31, 2013
		2014
	Investment in subsidiaries, at equity in net assets	$	2,107,572	$	1,419,360
	Total assets	3,102,058		2,112,495
	Long-term debt	1,201,069		930,072
	Total liabilities	1,367,657		1,172,850
	Total stockholders’ equity	1,734,401		939,645
	Total liabilities and stockholders’ equity	3,102,058		2,112,495

Note_16_Commitments_and_Contin

Note 16 - Commitments and Contingencies (Notes)	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	Legal Proceedings
	We are routinely involved in a number of legal actions and proceedings, the outcome of which are uncertain. The legal proceedings could result in adverse judgments, settlements, fines, injunctions, restitutions or other relief that could require significant expenditures or have other effects on our business. In accordance with applicable accounting standards and guidance, we establish accruals for a legal proceeding only when we determine both that it is probable that a loss has been incurred and the amount of the loss is reasonably estimable. We accrue the amount that represents our best estimate of the probable loss; however, if we can only determine a range of estimated losses, we accrue an amount within the range that, in our judgment, reflects the most likely outcome, and if none of the estimates within the range is more likely, we accrue the minimum amount of the range.
	In the course of our regular review of pending legal matters, we determine whether it is reasonably possible that a potential loss relating to a legal proceeding may have a material impact on our liquidity, results of operations or financial condition. If we determine such a loss is reasonably possible, we disclose information relating to any such potential loss, including an estimate or range of loss or a statement that such an estimate cannot be made. On a quarterly and annual basis, we review relevant information with respect to legal loss contingencies and update our accruals, disclosures and estimates of reasonably possible losses or range of losses based on such reviews. We are often unable to estimate the possible loss or range of loss until developments in such matters have provided sufficient information to support an assessment of the range of possible loss, such as quantification of a damage demand from plaintiffs, discovery from other parties and investigation of factual allegations, rulings by the court on motions or appeals, analysis by experts, and the progress of settlement negotiations. In addition, we generally make no disclosures for loss contingencies that are determined to be remote. For matters for which we disclose an estimated loss, the disclosed estimate reflects the reasonably possible loss or range of loss in excess of the amount accrued, if any.
	Loss estimates are inherently subjective, based on currently available information, and are subject to management’s judgment and various assumptions. Due to the inherently subjective nature of these estimates and the uncertainty and unpredictability surrounding the outcome of legal proceedings, actual results may differ materially from any amounts that have been accrued.
	On August 1, 2011, Radian Guaranty filed a lawsuit against Quicken in the U.S. District Court for the Eastern District of Pennsylvania. On September 5, 2012, Radian Guaranty filed an amended complaint that sought a declaratory judgment that Radian Guaranty properly rescinded mortgage insurance coverage under its master insurance policy and delegated underwriting endorsement for certain home mortgage loans originated by Quicken based upon deficiencies and improprieties in the underwriting process. On October 25, 2012, Quicken answered Radian Guaranty’s amended complaint and asserted counterclaims against Radian Guaranty for alleged breach of contract and bad faith. On November 19, 2012, Radian Guaranty moved to dismiss Quicken’s counterclaims. On October 28, 2013, the court granted Radian Guaranty’s motion to dismiss in part and denied it in part. The court ruled that Quicken could not pursue a tort theory of bad faith and that Quicken had not stated a basis to toll the statute of limitations for any claims arising after the lawsuit was filed. The court permitted Quicken’s remaining claims to proceed at this stage. The parties agreed by stipulation that there were 507 loans at issue in this case, representing an aggregate RIF of approximately $29 million. Effective August 15, 2014, Radian Guaranty and Quicken entered into the Settlement Agreement, pursuant to which the parties agreed to dismiss with prejudice all pending claims and counterclaims. Pursuant to the Settlement Agreement, each party also agreed to release the other with respect to all known and unknown claims that were or that could have been asserted in the litigation. As previously disclosed, based on developments in this litigation during the second quarter of 2014, we had accrued an amount equal to our best estimate of the probable loss related to the resolution of this matter. As a result, the Company was fully reserved for the settlement as of June 30, 2014 and the settlement had no impact on our results of operations for the third quarter of 2014.
	We have been named as a defendant in a number of putative class action lawsuits alleging, among other things, that our captive reinsurance agreements violate RESPA. On December 9, 2011, an action titled Samp v. JPMorgan (the “JPMorgan Case”) was filed in the U.S. District Court for the Central District of California. The defendants were JPMorgan and several mortgage insurers, including Radian Guaranty. The plaintiffs purported to represent a class of borrowers whose loans allegedly were referred to mortgage insurers by JPMorgan in exchange for reinsurance agreements between the mortgage insurers and JPMorgan’s captive reinsurer. Plaintiffs asserted violations of RESPA. On October 4, 2012, Radian Guaranty filed a motion to dismiss on a number of grounds, and on May 7, 2013, the court granted the motion and dismissed the plaintiffs’ claims with prejudice. The court ruled that the plaintiffs could not state a claim against Radian Guaranty because it did not insure their loans, and, in addition, ruled that their claims were barred by the statute of limitations. On June 5, 2013, plaintiffs appealed these rulings to the U.S. Court of Appeals for the Ninth Circuit. On November 9, 2013, plaintiffs voluntarily dismissed their appeal.
	Each of the cases described below are putative class actions (with alleged facts substantially similar to the facts alleged in the JPMorgan Case discussed above) in which Radian Guaranty has been named as a defendant and has insured at least one loan of one of the plaintiffs:
	•	On December 30, 2011, a putative class action under RESPA titled White v. PNC Financial Services Group was filed in the U.S. District Court for the Eastern District of Pennsylvania. On September 29, 2012, plaintiffs filed an amended complaint. On November 26, 2012, Radian Guaranty filed a motion to dismiss the plaintiffs’ claims as barred by the statute of limitations. On June 20, 2013, the court granted Radian Guaranty’s motion and dismissed plaintiffs’ claims, but granted plaintiffs leave to file a second amended complaint. Plaintiffs filed their second amended complaint on July 5, 2013, reasserting a putative claim under RESPA on substantially the same allegations. Radian Guaranty filed a motion to dismiss plaintiffs’ second amended complaint on July 22, 2013. The court denied Radian Guaranty’s motion on August 18, 2014, without prejudice to Radian Guaranty’s ability to raise the statute of limitations bar on a motion for summary judgment. On September 9, 2014, the court stayed this litigation, pending the outcome of an appeal filed by plaintiffs in Riddle v. Bank of America et. al. (another punitive class action under RESPA in which Radian Guaranty is not a party and referred to herein as the “Riddle Case”).
	•	On January 13, 2012, a putative class action under RESPA titled Menichino, et al. v. Citibank, N.A., et al., was filed in the U.S. District Court for the Western District of Pennsylvania. Radian Guaranty was not named as a defendant in the original complaint. On December 4, 2012, plaintiffs amended their complaint to add Radian Guaranty as an additional defendant. On February 4, 2013, Radian Guaranty filed a motion to dismiss the claims against it as barred by the statute of limitations. On July 19, 2013, the court granted Radian Guaranty’s motion and dismissed plaintiffs’ claims, but granted plaintiffs leave to file a second amended complaint. Plaintiffs filed their second amended complaint on August 16, 2013, reasserting a putative claim under RESPA on substantially the same allegations. Radian Guaranty filed a motion to dismiss plaintiffs’ second amended complaint on September 17, 2013. The court denied Radian Guaranty’s motion on February 4, 2014, without prejudice to Radian Guaranty’s ability to raise the statute of limitations bar on a motion for summary judgment. On March 26, 2014, the court stayed this litigation, pending the outcome of an appeal filed by plaintiffs in the Riddle Case.
	•	On April 5, 2012, a putative class action under RESPA titled Manners, et al. v. Fifth Third Bank, et al. was filed in the U.S. District Court for the Western District of Pennsylvania. On November 28, 2012, Radian Guaranty moved to dismiss plaintiffs’ claims as barred by the statute of limitations. On July 19, 2013, the court granted Radian Guaranty’s motion and dismissed plaintiffs’ claims, but granted plaintiffs leave to file a second amended complaint. Plaintiffs filed their second amended complaint on August 16, 2013, reasserting a putative claim under RESPA on substantially the same allegations. Radian Guaranty filed a motion to dismiss plaintiffs’ second amended complaint on September 17, 2013. The court denied Radian Guaranty’s motion on February 5, 2014, without prejudice to Radian Guaranty’s ability to raise the statute of limitations bar on a motion for summary judgment. On March 26, 2014, the court stayed this litigation, pending the outcome of an appeal filed by plaintiffs in the Riddle Case.
	On October 15, 2014, the Court of Appeals issued its decision in the Riddle Case, affirming summary judgment against the plaintiffs on the basis that their RESPA claims were barred by the statute of limitations. With respect to each of the putative class actions discussed above, Radian intends to file a motion for judgment on the pleadings in light of the Court of Appeal’s decision in the Riddle Case. With respect to the putative class action cases discussed above, Radian Guaranty believes that the claims are without merit and intends to vigorously defend itself against these claims. We are not able to estimate the reasonably possible loss or range of loss for these matters because the proceedings are still in a very preliminary stage and there is uncertainty as to the likelihood of a class being certified or the ultimate size of a class.
	In addition to the litigation discussed above, we are involved in litigation that has arisen in the normal course of our business. We are contesting the allegations in each such pending action and management believes, based on current knowledge and after consultation with counsel, that the outcome of such litigation will not have a material adverse effect on our consolidated financial condition. However, the outcome of litigation and other legal and regulatory matters is inherently uncertain, and it is possible that one or more of the matters currently pending or threatened could have an unanticipated adverse effect on our liquidity, financial condition or results of operations for any particular period.
	In addition to the private lawsuits discussed above, we and other mortgage insurers have been subject to inquiries from the Minnesota Department of Commerce and the Office of the Inspector General of HUD, requesting information relating to captive reinsurance. We have cooperated with these requests for information. The Dodd-Frank Act amended RESPA and transferred the authority to implement and enforce RESPA from HUD to the CFPB. In January 2012, we and other mortgage insurers received a request for information and documents from the CFPB relating to captive reinsurance arrangements, and in June 2012, we and other mortgage insurers received a Civil Investigative Demand from the CFPB as part of its investigation to determine whether mortgage lenders and private mortgage insurance providers engaged in acts or practices in violation of the Dodd-Frank Act, RESPA and the Consumer Financial Protection Act. On April 4, 2013, we reached a settlement with the CFPB, which was approved by the U.S. District Court for the Southern District of Florida on April 9, 2013. The settlement concludes the investigation with respect to Radian Guaranty without the CFPB making any findings of wrongdoing. As part of the settlement, Radian Guaranty agreed not to enter into new captive reinsurance arrangements for a period of ten years and to pay a civil penalty of $3.75 million. We have not entered into any new captive reinsurance arrangements since 2007. During the high-claim years that followed the most recent economic downturn, captive arrangements have proven to represent a critical component of our loss mitigation strategy, effectively serving as designed to protect our capital position during a period of stressed losses. As of September 30, 2014, we had received total cash reinsurance recoveries from these captive reinsurance arrangements of approximately $817 million.
	In August 2013, Radian Guaranty and other mortgage insurers first received a draft Consent Order from the Minnesota Department of Commerce, containing proposed conditions and unspecified penalties, to resolve its outstanding inquiries related to captive reinsurance arrangements involving mortgage insurance in Minnesota. We continue to cooperate with the Minnesota Department of Commerce and are engaged in active discussions with them with respect to their inquiries, including the penalties they are seeking and various alternatives for resolving this matter. We cannot predict the outcome of this matter or whether additional actions or proceedings may be brought against us.
	On September 4, 2014, we received Notices of Deficiency from the IRS covering our 2000 through 2007 tax years. The Notices of Deficiency assert unpaid taxes and penalties related to certain losses and deductions resulting from our investment in a portfolio of REMIC residual interests of approximately $157 million. As of September 30, 2014, there also would be interest of approximately $113 million related to these matters. Depending on the outcome of these matters, additional state income taxes, penalties and interest also may become due when a final resolution is reached. As of September 30, 2014, these additional state tax payments would approximate $30 million. The Notices of Deficiency also reflected additional amounts due of approximately $105 million, which are primarily associated with the disallowance of the previously filed carryback of our 2008 NOL to the 2006 and 2007 tax years. We currently believe that the disallowance of our 2008 NOL carryback is a precautionary position by the IRS and that we will ultimately maintain the benefit of this NOL carryback claim. See Note 13 for additional information.
	We have until December 3, 2014 to either pay the Deficiency Amount in full or petition the U.S. Tax Court to litigate the Deficiency Amount. We currently intend to petition the U.S. Tax Court to litigate this matter, which could take several years to resolve and may result in substantial legal expenses. We can provide no assurance regarding the outcome of any such litigation or whether a compromised settlement with the IRS will ultimately be reached. However, if the ultimate resolution of this matter produces a result that differs materially from our current expectations, there could be a material impact on our effective tax rate, results of operations and cash flows.
	Under our master insurance policy, any suit or action arising from any right of an insured under the policy must be commenced within two years after such right first arose for primary insurance and within three years for certain other policies, including certain pool insurance policies. We continue to face a number of challenges from certain lender and servicer customers regarding our loss mitigation activities, which have resulted in some reversals of our decisions regarding rescissions, denials or claim curtailments. We are currently in discussions with customers regarding these loss mitigation activities, which if not resolved, could result in arbitration or additional judicial proceedings. See Note 9 for further information.
	Further, we have identified a significant number of loans in our total defaulted portfolio (in particular, our older defaulted portfolio) for which actions or proceedings such as foreclosure that provide the insured with title to the property may not have been commenced within the outermost deadline in our master insurance policy. We currently are in discussions with the servicers for these loans regarding this potential violation and our corresponding rights under the master insurance policy. While we can provide no assurance regarding the outcome of these discussions or the ultimate resolution of these issues, it is possible that these discussions could result in arbitration or legal proceedings.
	The elevated levels of our loss mitigation activities (related to servicer negligence) have led to an increased risk of litigation by lenders, policyholders and servicers challenging our right to rescind coverage, deny claims or curtail claim amounts. We believe that our loss mitigation actions are justified under our policies. However, in the event the BofA Settlement Agreement is not implemented or we are not successful in defending our loss mitigation activities, we may need to reassume the risk on and increase loss reserves for previously rescinded policies or pay additional claims on curtailed amounts. See Note 9 for further information.
	Other
	Securities regulations became effective in 2005 that impose enhanced disclosure requirements on issuers of ABS (including mortgage-backed securities). To allow our customers to comply with these regulations at that time, we typically were required, depending on the amount of credit enhancement we were providing, to provide: (1) audited financial statements for the insurance subsidiary participating in the transaction; or (2) a full and unconditional holding company-level guarantee for our insurance subsidiaries’ obligations in such transactions. Radian Group has guaranteed two structured transactions for Radian Guaranty involving approximately $134.1 million of remaining credit exposure as of September 30, 2014.
	On March 1, 2011, our subsidiary, EFSG sold its 45% interest in the holding company of a Brazilian insurance company, which specializes in surety and agricultural insurance, to another owner for a nominal purchase price. This holding company and its subsidiaries are subject to regulation by The Superintendence of Private Insurance, the regulatory agency responsible for the supervision and control of the insurance market in Brazil. Although EFSG wrote off its entire interest in this company in 2005 and has sold its ownership interest, under Brazilian law, it is possible that EFSG could become liable for its proportionate share of the liabilities of the company related to the period in which EFSG was a significant shareholder, if the company was to become insolvent and had insufficient capital to satisfy its outstanding liabilities. EFSG’s share of the liabilities of the company attributable to this period was approximately $103.4 million as of December 31, 2010, the date of the most recent financial information available to us.
	As part of the non-investment-grade allocation component of our investment program, we had unfunded commitments of $7.5 million at September 30, 2014, related to alternative investments that are primarily private equity structures. These commitments have capital calls expected through 2015, with the possibility of additional calls through 2017, and certain fixed expiration dates or other termination clauses.
	Our mortgage insurance business provides contract underwriting, an outsourced service to its customers. Typically, we agree that if we make a material error in underwriting a loan, we will provide a remedy to the customer, by purchasing the loan or placing additional mortgage insurance coverage on the loan, or by indemnifying the customer against loss up to a maximum specified amount. By providing these remedies, we assume some credit risk and interest-rate risk if an error is found during the limited remedy period in the agreements governing our provision of contract underwriting services. Beginning in 2008, we limited the recourse available to our contract underwriting customers to apply only to those loans that are simultaneously underwritten for secondary market compliance and for potential mortgage insurance. In the first nine months of 2014, we paid losses related to contract underwriting remedies of approximately $1.0 million. Rising mortgage interest rates or further economic uncertainty may expose our mortgage insurance business to an increase in such costs. Our reserve for contract underwriting obligations at September 30, 2014 was approximately $2.6 million. We monitor this risk and negotiate our underwriting fee structure and recourse agreements on a client-by-client basis. We also routinely audit the performance of our contract underwriters.
	Through September 30, 2014, Radian Asset Assurance has received a series of claims totaling €12.4 million ($15.7 million) from one of its trade credit and surety ceding companies related to surety bonds for Spanish housing cooperative developments. The ceding company is still in the process of settling additional similar claims, so the ultimate amount the ceding company will claim is uncertain. Based on information we received from the ceding company and the advice of our legal advisors, we believe that these claims are subject to a number of defenses, including that the risk under these surety bonds was not eligible for cession to Radian Asset Assurance under the terms and conditions of the applicable reinsurance treaties. We have rejected all claims related to these surety bonds and because we do not believe a loss is probable, we have not recorded a liability with respect to any of these claims. In May 2014, the ceding company sent us a demand to arbitrate this dispute, to which we have replied. We have begun to prepare for this arbitration, for which formal arbitration proceedings could commence in 2015. Without giving any consideration to our defenses, we estimate the maximum aggregate potential liability for claims received and future claims related to these surety bonds to be €16.9 million ($21.3 million).
	We have incentive, retention and severance agreements with certain employees in our financial guaranty business. The total cost expected to be incurred under these agreements is $10.1 million, of which $1.3 million of unearned retention expense has not been recorded as of September 30, 2014. The remaining cost for these agreements is expected to be recorded by the end of 2015.

Note_17_Net_Income_Loss_Per_Sh

Note 17 - Net Income (Loss) Per Share (Notes)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share, Basic and Diluted [Abstract]	'
Net Income (Loss) Per Share	'
	Net Income (Loss) Per Share
	Basic net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding, while diluted net income (loss) per share reflects the maximum potential dilution that could occur from our stock-based compensation arrangements and the conversion of our outstanding convertible senior notes.
	The calculation of the basic and diluted net income (loss) per share was as follows:
		Three Months Ended September 30,					Nine Months Ended September 30,
	(In thousands, except per share amounts)	2014		2013			2014		2013
	Net income (loss)—basic	$	153,590	$	(12,682	)	$	531,182	$	(233,354	)
	Adjustment for dilutive Convertible Senior Notes due 2019 (1)	5,552		—			16,510		—
	Net income (loss)—diluted	$	159,142	$	(12,682	)	$	547,692	$	(233,354	)
	Average common shares outstanding—basic	191,050		171,830			182,357		162,828
	Dilutive effect of Convertible Senior Notes due 2017	6,342		—			7,665		—
	Dilutive effect of Convertible Senior Notes due 2019	37,736		—			37,736		—
	Dilutive effect of stock-based compensation arrangements (2)	2,939		—			2,904		—
	Adjusted average common shares outstanding—diluted	238,067		171,830			230,662		162,828
	Net income (loss) per share—basic	$	0.8	$	(0.07	)	$	2.91	$	(1.43	)
	Net income (loss) per share—diluted	$	0.67	$	(0.07	)	$	2.37	$	(1.43	)
	________________
	-1	As applicable, includes coupon interest, amortization of discount and fees, and other changes in income or loss that would result from the assumed conversion.
	-2	For the three and nine months ended September 30, 2014, 557,240 shares of our common stock equivalents issued under our stock-based compensation arrangements were not included in the calculation of diluted net income per share as of such date because they were anti-dilutive. As a result of our net loss for the three and nine months ended September 30, 2013, 43,289,967 shares of our common stock equivalents issued under our stock-based compensation arrangements and convertible debt were not included in the calculation of diluted net loss per share as of such date because they were anti-dilutive.

Note_18_Capital_Stock_Notes

Note 18 - Capital Stock (Notes)	9 Months Ended
	Sep. 30, 2014
Capital Stock [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	Capital Stock
	In May 2014, we issued 17.825 million shares of our common stock at a public offering price of $14.50 per share, and we received aggregate net proceeds of approximately $247.2 million after deducting underwriting discounts and commissions and offering expenses.

Note_1_Condensed_Consolidated_1

Note 1 - Condensed Consolidated Financial Statements - Basis of Presentation and Business Overview (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Basis of Accounting, Policy [Policy Text Block]	'
	Our condensed consolidated financial statements are prepared in accordance with GAAP and include the accounts of all wholly-owned subsidiaries. Companies in which we, or one of our subsidiaries, exercise significant influence (generally ownership interests ranging from 20% to 50%), are accounted for in accordance with the equity method of accounting. VIEs for which we are the primary beneficiary are consolidated, as described in Note 5. All intercompany accounts and transactions, and intercompany profits and losses, have been eliminated.
Business Combinations Policy [Policy Text Block]	'
	The acquisition of Clayton was treated as a purchase for accounting purposes. Therefore, the assets and liabilities were recorded based on their fair values as of June 30, 2014, the date of acquisition. At acquisition, the fair value of assets acquired was $152.4 million and the fair value of liabilities assumed was $31.8 million. The excess of the acquisition price over the estimated fair value of the net assets acquired resulted in goodwill of $191.9 million. The goodwill represents the estimated future economic benefits arising from the assets acquired that did not qualify to be identified and recognized individually, and includes the value of discounted expected future cash flows of Clayton, Clayton’s workforce, expected synergies with our other affiliates and other unidentifiable intangible assets. Goodwill is deemed to have an indefinite useful life and is subject to review for impairment annually, or more frequently, whenever circumstances indicate potential impairment.
Accounting Standards Update 2013-11 [Member]	'
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	'
	In July 2013, the FASB issued an update to the accounting standard regarding income taxes. This update provides guidance concerning the balance sheet presentation of an unrecognized tax benefit when a Carryforward is available. We adopted this update in the first quarter of 2014.
	In July 2013, the FASB issued an update to the accounting standard regarding income taxes, which we adopted in the first quarter of 2014. This update provides guidance concerning the balance sheet presentation of an unrecognized tax benefit when Carryforwards are available. This accounting standard requires an entity to present its DTAs for the Carryforwards net of its liability related to unrecognized tax benefits. A gross presentation will be required when the Carryforwards are not available under the tax law of the applicable jurisdiction or when the Carryforwards would not be used to settle any additional income taxes resulting from disallowance of the uncertain tax position.
Accounting Standards Update 2014-08 [Member]	'
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	'
	In April 2014, the FASB issued an update regarding reporting discontinued operations and disclosures of disposals of components of an entity. This update changes the requirements for reporting discontinued operations. A disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents (or would represent) a strategic shift that has (or will have) a major effect on an entity’s operations and financial results when any of the following occurs: (i) the component of an entity or group of components of an entity meets the criteria to be classified as held for sale; (ii) the component of an entity or group of components of an entity is disposed of by sale; or (iii) the component of an entity or group of components of an entity is disposed of other than by sale (for example, by abandonment or in a distribution to owners in a spin-off). The amendments in this update require expanded disclosures about discontinued operations. The provisions of this update are effective for all disposals (or classifications as held for sale) of components of an entity that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years. Early adoption is permitted, but only for disposals (or classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance.
Accounting Standards Update 2014-09 [Member]	'
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	'
	In May 2014, the FASB issued an update to the accounting standard regarding revenue recognition. This update is intended to provide a consistent approach in recognizing revenue. In accordance with the new standard, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the new standard requires that reporting companies disclose the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. While this update does not change revenue recognition principles related to our insurance and derivative products, this update may be applicable to revenues from our new mortgage and real estate services segment, which has been included in our condensed consolidated statements of operations beginning with the third quarter of 2014. The provisions of this update are effective for interim and annual periods beginning after December 15, 2016.
Accounting Standards Update 2014-13 [Member]	'
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	'
	In August 2014, the FASB issued an update regarding measuring the financial assets and the financial liabilities of a consolidated collateralized financing entity. A reporting entity that consolidates a collateralized financing entity may elect to measure the financial assets and the financial liabilities of that collateralized financing entity using either the measurement alternative included in this update or the accounting standard regarding fair value measurement. When a reporting entity elects the measurement alternative included in this update, consolidated net income (loss) should reflect the reporting entity’s own economic interests in the collateralized financing entity, including (i) changes in the fair value of the beneficial interests retained by the reporting entity and (ii) beneficial interests that represent compensation for services. This update also clarifies that, when using the accounting standard regarding fair value measurement, (a) the fair value of the financial assets and liabilities of the consolidated entity should be measured using the accounting standard regarding fair value measurement and (b) any differences in the fair value of the financial assets and liabilities of that consolidated entity should be reflected in earnings. This update is effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. A reporting entity may apply the amendments in this update using a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the annual period of adoption.

Note_3_Derivative_Instruments_1

Note 3 - Derivative Instruments (Policies)	9 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivatives, Policy [Policy Text Block]	'
	We provide a significant portion of our credit protection within our financial guaranty segment in the form of CDS, which are accounted for as derivatives. Derivative instruments are recorded at fair value and changes in fair value are recorded as such in the condensed consolidated statement of operations. All of our derivative instruments are recognized in our condensed consolidated balance sheets as either derivative assets or derivative liabilities. In many of our CDS transactions, primarily our corporate CDOs, we are required to make payments to our counterparty above a specified level of subordination, upon the occurrence of credit events related to the borrowings or bankruptcy of obligors contained within pools of corporate obligations or, in the case of pools of mortgage or other asset-backed obligations, upon the occurrence of credit events related to the specific obligations in the pool. When we provide a CDS as credit protection on a specific obligation, we generally guarantee the full and timely payment of principal and interest when due on such obligation.
	We record premiums and origination costs related to our CDS and certain other derivative contracts in change in fair value of derivative instruments and policy acquisition costs, respectively, on our condensed consolidated statements of operations. Our classification of these contracts is the same whether we are a direct insurer or we reinsure these contracts.

Note_4_Fair_Value_of_Financial1

Note 4 - Fair Value of Financial Instruments (Policies)	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value of Financial Instruments, Policy [Policy Text Block]	'
	Our estimated fair value measurements are intended to reflect the assumptions market participants would use in pricing an asset or liability based on the best information available. Assumptions include the risks inherent in a particular valuation technique (such as a pricing model) and the risks inherent in the inputs to the model. Changes in economic conditions and capital market conditions, including but not limited to, credit spread changes, benchmark interest rate changes, market volatility and changes in the value of underlying collateral or of any third-party guaranty or insurance, could cause actual results to differ materially from our estimated fair value measurements. We define fair value as the current amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In the event that our investments or derivative contracts were sold, commuted, terminated or settled with a counterparty or transferred in a forced liquidation, the amounts received or paid may be materially different from those determined in accordance with the accounting standard regarding fair value measurements. Differences may also arise between our recorded fair value and the settlement or termination value with a counterparty based upon consideration of information that may not be available to another market participant. Those differences, which may be material, are recorded as realized gains (losses) in our condensed consolidated statements of operations in the period in which the transaction occurs.
	When determining the fair value of our liabilities, we are required to incorporate into the fair value of those liabilities an adjustment that reflects our own non-performance risk. Our five-year CDS spread is an observable quantitative measure of our non-performance risk and is used by typical market participants to determine the likelihood of our default; the CDS spread actually used in the valuation of specific fair value liabilities is typically based on the remaining term of the insured obligation. Assuming all other factors are held constant, as our CDS spread tightens or widens, it has the effect of increasing or decreasing, respectively, the fair value of our liabilities with a corresponding impact on our results of operations.
	In accordance with GAAP, we established a three-level valuation hierarchy for disclosure of fair value measurements based on the transparency of inputs to the valuation of an asset or liability as of the measurement date. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level I measurements) and the lowest priority to unobservable inputs (Level III measurements). The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the measurement in its entirety. The three levels of the fair value hierarchy are described below:
	Level I	—    Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;
	Level II	—    Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities; and
	Level III	—    Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. Level III inputs are used to measure fair value only to the extent that observable inputs are not available.
	The level of market activity used to determine the fair value hierarchy is based on the availability of observable inputs market participants would use to price an asset or a liability, including market value price observations.

Note_5_Variable_Interest_Entit1

Note 5 - Variable Interest Entities (Policies)	9 Months Ended
	Sep. 30, 2014
Variable Interest Entities Policy [Abstract]	'
Consolidation, Variable Interest Entity, Policy [Policy Text Block]	'
	Our interests in VIEs for which we are not the primary beneficiary may be accounted for as insurance or reinsurance contracts or credit derivatives, depending on the nature of the transaction. For insurance and reinsurance contracts, we record reserves for losses and LAE, and for credit derivatives, we record cumulative changes in fair value as a derivative asset or liability.
	In those instances where we have determined that we are the primary beneficiary, we consolidate the assets and liabilities of the VIE. We have elected to carry the financial assets and financial liabilities of these VIEs at fair value.

Note_7_Goodwill_and_Other_Inta1

Note 7 - Goodwill and Other Intangible Assets, Net (Policies)	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill and Intangible Assets, Policy [Policy Text Block]	'
	Goodwill primarily represents the amount paid for Clayton in excess of the fair value of identifiable net assets acquired as further described in Note 1. Goodwill represents the estimated future economic benefits arising from the assets we acquired that did not qualify to be identified and recognized individually, and includes the value of discounted expected future cash flows of Clayton, Clayton’s workforce, expected synergies with our other affiliates and other unidentifiable intangible assets. Goodwill is deemed to have an indefinite useful life and is subject to review for impairment annually, or more frequently, whenever circumstances indicate potential impairment.
	Intangible assets, other than goodwill, primarily consist of Clayton’s client relationships, technology, trade name and trademarks, client backlog and non-competition agreements. Client relationships represent the value of the specifically acquired customer relationships and are valued using the excess earnings approach using estimated client revenues, attrition rates, implied royalty rates and discount rates. The excess earnings approach estimates the present value of expected earnings in excess of a traditional return on business assets. Technology represents proprietary software used for loan review and due diligence, managing the REO disposition process and performing surveillance of mortgage loan servicers. Trade name and trademarks reflect the value inherent in the recognition of the “Clayton” name and its reputation. Client backlog is the estimated present value of fees to be earned for services performed on loans currently under surveillance or REO assets under management. The value of a non-competition agreement is an appraisal of potential lost revenues that would arise from an individual leaving to work for a competitor or initiating a competing enterprise.

Note_10_Financial_Guaranty_Ins1

Note 10 - Financial Guaranty Insurance Contracts (Policies)	9 Months Ended
	Sep. 30, 2014
Financial Guaranty Insurance Contract Disclosure [Abstract]	'
Unpaid Policy Claims and Claims Adjustment Expense, Policy [Policy Text Block]	'
	A net claim liability is established for a performing credit if there is evidence that credit deterioration has occurred and the expected loss on the credit exceeds the unearned premium revenue for the contract based on the present value of the expected net cash inflows and outflows.

Note_13_Income_Taxes_Policies

Note 13 - Income Taxes (Policies)	9 Months Ended
	Sep. 30, 2014
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'
Income Tax, Policy [Policy Text Block]	'
	We provide for income taxes in accordance with the provisions of the accounting standard regarding accounting for income taxes. As required under this standard, our DTAs and DTLs are recognized under the balance sheet method, which recognizes the future tax effect of temporary differences between the amounts recorded in our condensed consolidated financial statements and the tax bases of these amounts. DTAs and DTLs are measured using the enacted tax rates expected to apply to taxable income in the periods in which the DTA or DTL is expected to be realized or settled.
	We are required to establish a valuation allowance against our DTA when it is more likely than not that all or some portion of our DTA will not be realized. At each balance sheet date, we assess our need for a valuation allowance. Our assessment is based on all available evidence, both positive and negative. This requires management to exercise judgment and make assumptions regarding whether our DTA will be realized in future periods. In making this assessment as of September 30, 2014, the primary negative evidence that we considered was our cumulative losses in recent years. We also considered positive evidence when assessing the need for a valuation allowance, such as future reversals of existing taxable temporary differences, future projections of taxable income, taxable income within the applicable carryback and carryforward periods, and potential tax planning strategies. In assessing our need for a valuation allowance, the weight assigned to the effect of both negative and positive evidence is commensurate with the extent to which such evidence can be objectively verified.
Accounting Standards Update 2013-11 [Member]	'
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	'
	In July 2013, the FASB issued an update to the accounting standard regarding income taxes. This update provides guidance concerning the balance sheet presentation of an unrecognized tax benefit when a Carryforward is available. We adopted this update in the first quarter of 2014.
	In July 2013, the FASB issued an update to the accounting standard regarding income taxes, which we adopted in the first quarter of 2014. This update provides guidance concerning the balance sheet presentation of an unrecognized tax benefit when Carryforwards are available. This accounting standard requires an entity to present its DTAs for the Carryforwards net of its liability related to unrecognized tax benefits. A gross presentation will be required when the Carryforwards are not available under the tax law of the applicable jurisdiction or when the Carryforwards would not be used to settle any additional income taxes resulting from disallowance of the uncertain tax position.

Note_1_Condensed_Consolidated_2

Note 1 - Condensed Consolidated Financial Statements - Basis of Presentation and Business Overview Business Combination, Details of Acquired Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2014
Business Combinations [Abstract]	'
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	'
	The allocation of the purchase price, based on the fair values of assets and liabilities as of the acquisition date, was as follows:
	(in thousands)	June 30,
		2014
	Cash	$	16,521
	Restricted cash	1,591
	Accounts receivable, net	11,236
	Property and equipment, net	2,419
	Goodwill	191,932
	Other intangible assets, net	102,750
	Other assets	17,852
	Less:
	Other liabilities	31,803
	Total purchase price	$	312,498

Note_2_Segment_Reporting_Table

Note 2 - Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
	Summarized financial information concerning our operating segments as of and for the periods indicated, is as follows:
		Three Months Ended September 30,						Nine Months Ended September 30,
	(In thousands)	2014			2013			2014			2013
	Mortgage Insurance
	Net premiums written—insurance	$	245,775		$	250,799		$	680,675		$	719,244
	Increase in unearned premiums	(27,948		)	(50,679		)	(60,440		)	(138,180		)
	Net premiums earned—insurance	217,827			200,120			620,235			581,064
	Net premiums earned on derivatives	—			—			—			—
	Net investment income	15,904			14,868			45,196			45,236
	Other income	1,130			1,250			3,813			5,121
	Total revenues	234,861			216,238			669,244			631,421
	Provision for losses	48,942			149,687			163,216			418,675
	Estimated present value of net credit (recoveries) losses incurred	(190		)	(74		)	129			(50		)
	Policy acquisition costs	4,240			5,839			18,003			24,072
	Other operating expenses	41,368			59,590			141,333			176,665
	Interest expense	7,936			4,447			19,713			10,820
	Total expenses	102,296			219,489			342,394			630,182
	Adjusted pretax operating income (loss)	$	132,565		$	(3,251	)	$	326,850		$	1,239
	NIW (in millions)	$	11,210		$	13,720		$	27,340		$	38,003
		Three Months Ended September 30,						Nine Months Ended September 30,
	(In thousands)	2014			2013			2014			2013
	Financial Guaranty
	Net premiums written—insurance	$	(1,523	)	$	43		$	(350	)	$	(9,988	)
	Decrease in unearned premiums	10,852			11,821			27,050			46,620
	Net premiums earned—insurance	9,329			11,864			26,700			36,632
	Net premiums earned on derivatives	2,882			4,170			9,673			14,019
	Net investment income	10,274			11,864			30,948			35,984
	Other income	41			64			302			198
	Total revenues	22,526			27,962			67,623			86,833
	Provision for losses	(6,416		)	5,162			4,311			9,146
	Estimated present value of net credit (recoveries) losses incurred	(475		)	3,347			10,303			(116		)
	Policy acquisition costs	1,794			2,119			5,066			11,087
	Other operating expenses	6,663			11,384			25,426			35,390
	Interest expense	11,629			15,123			42,127			44,051
	Total expenses	13,195			37,135			87,233			99,558
	Equity in net (loss) income of affiliates	—			—			(13		)	1
	Adjusted pretax operating income (loss)	$	9,331		$	(9,173	)	$	(19,623	)	$	(12,724	)
		Three Months Ended September 30,			Nine Months Ended September 30,
	(In thousands)	2014			2014
	Mortgage and Real Estate Services
	Services revenue	$	42,243		$	42,243
	Direct cost of services	23,896			23,896
	Gross profit on services	18,347			18,347
	Operating expenses	8,663			8,663
	Interest expense	4,424			4,424
	Total expenses	13,087			13,087
	Adjusted pretax operating income	$	5,260		$	5,260
		At September 30, 2014
	(In thousands)	Mortgage Insurance			Financial Guaranty			Mortgage and Real Estate Services			Total
	Cash and investments	$	3,017,737		$	1,978,972		$	10,600		$	5,007,309
	Restricted cash	11,574			73			4,862			16,509
	Deferred policy acquisition costs	27,595			32,545			—			60,140
	Goodwill	2,095			—			191,931			194,026
	Other intangible assets, net	154			—			99,452			99,606
	Total assets	3,447,406			2,175,773			336,512			5,959,691
	Unearned premiums	625,269			171,473			—			796,742
	Reserve for losses and LAE	1,588,131			32,220			—			1,620,351
	VIE debt	3,196			88,036			—			91,232
	Derivative liabilities	—			185,258			—			185,258
		At September 30, 2013
	(In thousands)	Mortgage Insurance			Financial Guaranty			Total
	Cash and investments	$	2,767,160		$	2,293,485		$	5,060,645
	Restricted cash	22,890			101			22,991
Deferred policy acquisition costs	29,158			39,303			68,461
Total assets	3,238,224			2,520,349			5,758,573
Unearned premiums	535,420			216,167			751,587
Reserve for losses and LAE	2,314,785			32,094			2,346,879
VIE debt	11,109			93,109			104,218
Derivative liabilities	—			344,870			344,870
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	'
	The reconciliation of adjusted pretax operating income (loss) to consolidated pretax income (loss) and consolidated net income (loss) is as follows:
		Three Months Ended September 30,						Nine Months Ended September 30,
	(In thousands)	2014			2013			2014			2013
	Adjusted pretax operating income (loss):
	Mortgage insurance	$	132,565		$	(3,251	)	$	326,850		$	1,239
	Financial guaranty	9,331			(9,173		)	(19,623		)	(12,724		)
	Mortgage and real estate services	5,260			—			5,260			—
	Total adjusted pretax operating income (loss)	$	147,156		$	(12,424	)	$	312,487		$	(11,485	)
	Change in fair value of derivative instruments	19,360			10,778			126,923			(70,357		)
	Less: Estimated present value of net credit recoveries (losses) incurred	665			(3,273		)	(10,432		)	166
	Less: Net premiums earned on derivatives	2,882			4,170			9,673			14,019
	Change in fair value of derivative instruments expected to reverse over time	15,813			9,881			127,682			(84,542		)
	Net (losses) gains on investments	(7,839		)	(7,132		)	103,831			(142,891		)
	Net gains (losses) on other financial instruments	982			902			(229		)	(3,585		)
	Acquisition-related expenses	432			—			(6,300		)	—
	Amortization of intangible assets	(3,294		)	—			(3,294		)	—
	Consolidated pretax income (loss)	153,250			(8,773		)	534,177			(242,503		)
	Income tax (benefit) provision	(340		)	3,909			2,995			(9,149		)
	Consolidated net income (loss)	$	153,590		$	(12,682	)	$	531,182		$	(233,354	)

Note_3_Derivative_Instruments_2

Note 3 - Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	'
	The following table sets forth our derivative assets and liabilities as of the dates indicated. Certain contracts are in an asset position because the net present value of the contractual premium we receive exceeds the net present value of our estimate of the expected future premiums that a financial guarantor of similar credit quality to us would charge to provide the same credit protection, assuming a transfer of our obligation to such financial guarantor as of the measurement date.
	(In thousands)	September 30,			December 31,
		2014			2013
	Balance Sheets
	Derivative assets:
	Financial Guaranty credit derivative assets	$	6,102		$	6,323
	Other derivative assets	18,111			10,319
	Total derivative assets	24,213			16,642
	Derivative liabilities:
	Financial Guaranty credit derivative liabilities	138,605			238,728
	Financial Guaranty VIE derivative liabilities	46,653			68,457
	Total derivative liabilities	185,258			307,185
	Total derivative liabilities, net	$	161,045		$	290,543
Derivative Instruments, Gain (Loss) [Table Text Block]	'
	The components of the gains (losses) included in change in fair value of derivative instruments are as follows:
		Three Months Ended September 30,							Nine Months Ended September 30,
	(In thousands)	2014			2013				2014			2013
	Statements of Operations
	Net premiums earned—derivatives	$	2,882		$	4,170			$	9,673		$	14,019
	Financial Guaranty credit derivatives	8,979			9,198				97,521			(86,233		)
	Financial Guaranty VIE derivatives	4,982			(4,026		)		20,123			513
	Other derivatives	2,517			1,436				(394		)	1,344
	Change in fair value of derivative instruments	$	19,360		$	10,778			$	126,923		$	(70,357	)
Schedule of Derivative Instruments [Table Text Block]	'
	The following table shows selected information about our derivative contracts:
	($ in thousands)	September 30, 2014
		Number of		Par/				Total Net Asset
		Contracts		Notional				(Liability)
				Exposure
	Product
	Corporate CDOs	14		$	6,060,500			$	(423	)
	Non-Corporate CDOs and other derivative transactions:
	TruPs	9		816,257				(18,378		)
	CDO of CMBS	1		430,000				(39,341		)
	Other:
	Structured finance	3		436,865				(39,728		)
	Public finance	19		1,071,409				(25,144		)
	Total Non-Corporate CDOs and other derivative transactions	32		2,754,531				(122,591		)
	Assumed financial guaranty credit derivatives:
	Structured finance	21		128,112				(9,185		)
	Public finance	4		95,015				(304		)
	Total Assumed	25		223,127				(9,489		)
	Financial Guaranty VIE derivative liabilities (1)	1		79,473				(46,653		)
	Other (2)	3		—				18,111
	Grand Total	75		$	9,117,631			$	(161,045	)
	________________
	-1	Represents the fair value of a CDS included in a VIE that we have consolidated.
	-2	Represents derivative assets related to other purchased derivatives for which we do not have loss exposure that exceeds our net asset amount.

Note_4_Fair_Value_of_Financial2

Note 4 - Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	'
	The following is a list of those assets and liabilities that are measured at fair value by hierarchy level as of September 30, 2014:
	(In millions)	Level I				Level II				Level III				Total
	Assets and Liabilities at Fair Value
	Investment Portfolio:
	U.S. government and agency securities	$	1,009.00			$	320.2			$	—			$	1,329.20
	State and municipal obligations	—				614.3				18.8				633.1
	Money market instruments	740.1				—				—				740.1
	Corporate bonds and notes	—				1,007.30				—				1,007.30
	RMBS	—				299.3				—				299.3
	CMBS	—				303.8				—				303.8
	Other ABS	—				261.5				—				261.5
	Foreign government and agency securities	—				43.4				—				43.4
	Equity securities (1)	137				96				—				233
	Other investments (2)	—				2.1				82.9				85
	Total Investments at Fair Value (3)	1,886.10				2,947.90				101.7				4,935.70
	Derivative assets	—				18.1				6.1				24.2
	Other assets (4)	—				—				88.1				88.1
	Total Assets at Fair Value	$	1,886.10			$	2,966.00			$	195.9			$	5,048.00
	Derivative liabilities	$	—			$	—			$	185.3			$	185.3
	VIE debt (5)	—				—				91.2				91.2
	Total Liabilities at Fair Value	$	—			$	—			$	276.5			$	276.5
	______________________
	-1	Comprising broadly diversified domestic equity mutual funds included within Level I and various preferred and common stocks invested across numerous companies and industries included within Level II.
	-2	Comprising TruPs ($0.5 million) and short-term certificates of deposit ($1.6 million) included within Level II and lottery annuities ($0.2 million), TruPs ($0.2 million), and a guaranteed investment contract held by a consolidated VIE ($82.5 million) within Level III.
	-3	Does not include fixed-maturities held to maturity ($0.1 million) and certain other invested assets ($39.6 million), primarily invested in limited partnerships, accounted for as cost-method investments and not measured at fair value.
	-4	Primarily comprising manufactured housing loan collateral related to two consolidated financial guaranty VIEs.
	-5	Comprising consolidated debt related to NIMS VIEs ($3.2 million) and financial guaranty VIEs ($88.0 million).
	At September 30, 2014, our total Level III assets were approximately 3.9% of total assets measured at fair value and total Level III liabilities accounted for 100% of total liabilities measured at fair value. Realized and unrealized gains and losses on Level III assets and liabilities in the rollforward represent gains and losses for the periods in which they were classified as Level III.
	The following is a list of those assets and liabilities that are measured at fair value by hierarchy level as of December 31, 2013:
	(In millions)	Level I				Level II				Level III				Total
	Assets and Liabilities at Fair Value
	Investment Portfolio:
	U.S. government and agency securities	$	755			$	402.9			$	—			$	1,157.90
	State and municipal obligations	—				602.3				18.7				621
	Money market instruments	672.6				—				—				672.6
	Corporate bonds and notes	—				1,036.60				—				1,036.60
	RMBS	—				560.4				—				560.4
	CMBS	—				288.9				—				288.9
	Other ABS	—				194.9				0.9				195.8
	Foreign government and agency securities	—				40.7				—				40.7
	Equity securities (1)	128.3				97.1				0.4				225.8
	Other investments (2)	—				2.2				81.5				83.7
	Total Investments at Fair Value (3)	1,555.90				3,226.00				101.5				4,883.40
	Derivative assets	—				10.3				6.3				16.6
	Other assets (4)	—				—				91.9				91.9
	Total Assets at Fair Value	$	1,555.90			$	3,236.30			$	199.7			$	4,991.90
	Derivative liabilities	$	—			$	—			$	307.2			$	307.2
	VIE debt (5)	—				—				94.6				94.6
	Total Liabilities at Fair Value	$	—			$	—			$	401.8			$	401.8
	______________________
	-1	Comprising broadly diversified domestic equity mutual funds included within Level I and various preferred and common stocks invested across numerous companies and industries included within Levels II and III.
	-2	Comprising TruPs ($0.6 million) and short-term certificates of deposit ($1.6 million) included within Level II and lottery annuities ($0.3 million), TruPs ($0.2 million), and a guaranteed investment contract held by a consolidated VIE ($81.0 million) within Level III.
	-3	Does not include fixed-maturities held to maturity ($0.4 million) and certain other invested assets ($47.4 million), primarily invested in limited partnerships, accounted for as cost-method investments and not measured at fair value.
	-4	Primarily comprising manufactured housing loan collateral related to two consolidated financial guaranty VIEs.
	-5	Comprising consolidated debt related to NIMS VIEs ($2.8 million) and financial guaranty VIEs ($91.8 million).
	At December 31, 2013, our total Level III assets approximated 4.0% of total assets measured at fair value and our total Level III liabilities accounted for 100% of total liabilities measured at fair value. Realized and unrealized gains and losses on Level III assets and liabilities in the rollforward represent gains and losses for the periods in which they were classified as Level III.
Impact of Non-Performance Risk Fair Value Disclosure [Table Text Block]	'
	The following tables quantify the estimated impact of our non-performance risk on our derivative assets, derivative liabilities and net VIE liabilities (in aggregate by type) presented in our condensed consolidated balance sheets as of the dates indicated:
	(In basis points)	September 30,			December 31,			September 30,			December 31,
		2014			2013			2013			2012
	Radian Group’s five-year CDS spread	317			323			419			913
	(In millions)	Fair Value Liability				Impact of Radian Group’s				Fair Value Liability
		before Consideration				Non-Performance Risk September 30, 2014				Recorded
		of Radian Group’s								30-Sep-14
		Non-Performance Risk
		September 30, 2014
	Product
	Corporate CDOs	$	16			$	15.6			$	0.4
	Non-Corporate CDO-related (1)	276.9				144.8				132.1
	NIMS-related (2)	5.6				2.4				3.2
	Total	$	298.5			$	162.8			$	135.7
	(In millions)	Fair Value Liability				Impact of Radian Group’s				Fair Value Liability
		before Consideration				Non-Performance Risk				Recorded
		of Radian Group’s				December 31, 2013				31-Dec-13
		Non-Performance Risk
		December 31, 2013
	Product
	Corporate CDOs	$	30.4			$	29			$	1.4
	Non-Corporate CDO-related (1)	409.7				178.7				231
	NIMS-related (2)	5				2.2				2.8
	Total	$	445.1			$	209.9			$	235.2
	________________
	-1	Includes the net fair value liability recorded within derivative assets and derivative liabilities and the net fair value liabilities included in our consolidated VIEs.
	-2	Includes NIMS VIE debt.
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	'
	The following is a rollforward of Level III assets and liabilities measured at fair value for the three months ended September 30, 2014:
						Realized and
						Unrealized
						Gains (Losses)
	(In millions)	Beginning				Included in Earnings (1)				Included in OCI				Purchases			Sales		Issuances		Settlements			Transfers Into				Ending
		Balance at																						(Out of)				Balance at
		1-Jul-14																						Level III (2)				30-Sep-14
	Investments:
	State and municipal obligations	$	19.5			$	0.5			$	—			$	0.2		$	—	$	—	$	1.4		$	—			$	18.8
	Other ABS	74.4				0.3				(0.9		)		—			—		—		—			(73.8		)	-3	—
	Other investments	82.8				0.2				—				—			—		—		0.1			—				82.9
	Total Level III Investments	176.7				1				(0.9		)		0.2			—		—		1.5			(73.8		)		101.7
	Other assets	90.4				2.6				—				—			—		—		4.9			—				88.1
	Total Level III Assets	$	267.1			$	3.6			$	(0.9	)		$	0.2		$	—	$	—	$	6.4		$	(73.8	)		$	189.8
	Derivative liabilities, net	$	193.8			$	18.5			$	—			$	—		$	—	$	—	$	(3.9	)	$	—			$	179.2
	VIE debt	93.6				(1.6		)		—				—			—		—		4			—				91.2
	Total Level III Liabilities, net	$	287.4			$	16.9			$	—			$	—		$	—	$	—	$	0.1		$	—			$	270.4
	______________________
	-1	Includes unrealized gains (losses) for the three months ended September 30, 2014, relating to assets and liabilities still held as of September 30, 2014 as follows: $(0.3) million for investments, $0.6 million for other assets, $14.4 million for derivative liabilities and $(0.9) million for VIE debt.
	-2	Transfers are recognized at the end of the period as the availability of market observed inputs changes from period to period.
	-3	During the period, certain securities previously classified in Level III were transferred to Level II as third-party pricing became available.
	The following is a rollforward of Level III assets and liabilities measured at fair value for the nine months ended September 30, 2014:
						Realized and
						Unrealized
						Gains (Losses)
	(In millions)	Beginning				Included in Earnings (1)				Included in OCI				Purchases			Sales		Issuances		Settlements			Transfers Into				Ending
		Balance at																						(Out of)				Balance at
		1-Jan-14																						Level III (2)				30-Sep-14
	Investments:
	State and municipal obligations	$	18.7			$	1.3			$	—			$	0.2		$	—	$	—	$	1.4		$	—			$	18.8
	Other ABS	0.9				0.4				(1.0		)		29.2			—		—		0.4			(29.1		)	-3	—
	Equity securities	0.4				(0.4		)		—				—			—		—		—			—				—
	Other investments	81.5				1.5				—				—			—		—		0.1			—				82.9
	Total Level III Investments	101.5				2.8				(1.0		)		29.4			—		—		1.9			(29.1		)		101.7
	Other assets	91.9				11.5				—				—			—		—		15.3			—				88.1
	Total Level III Assets	$	193.4			$	14.3			$	(1.0	)		$	29.4		$	—	$	—	$	17.2		$	(29.1	)		$	189.8
	Derivative liabilities, net	$	300.9			$	129			$	—			$	—		$	—	$	—	$	(7.3	)	$	—			$	179.2
	VIE debt	94.6				(8.9		)		—				—			—		—		12.3			—				91.2
	Total Level III Liabilities, net	$	395.5			$	120.1			$	—			$	—		$	—	$	—	$	5		$	—			$	270.4
	______________________
	-1	Includes unrealized gains (losses) for the nine months ended September 30, 2014, relating to assets and liabilities still held as of September 30, 2014 as follows: $0.1 million for investments, $5.3 million for other assets, $100.8 million for derivative liabilities and $(6.8) million for VIE debt.
	-2	Transfers are recognized at the end of the period as the availability of market observed inputs changes from period to period.
	-3	During the period, $74.3 million of other ABS securities were transferred from Level III to Level II, as third-party pricing became available. We also transferred $45.2 million of other ABS securities previously classified as Level II to Level III, as the pricing inputs were no longer considered observable.
	The following is a rollforward of Level III assets and liabilities measured at fair value for the three months ended September 30, 2013:
						Realized and
						Unrealized
						Gains (Losses)
	(In millions)	Beginning				Included in Earnings (1)				Included in OCI				Purchases			Sales		Issuances		Settlements			Transfers Into				Ending
		Balance at																						(Out of)				Balance at
		1-Jul-13																						Level III (2)				30-Sep-13
	Investments:
	State and municipal obligations	$	19.4			$	0.4			$	—			$	—		$	—	$	—	$	1.4		$	—			$	18.4
	Other ABS	1.2				—				—				—			—		—		0.2			—				1
	Equity securities	0.4				—				—				—			—		—		—			—				0.4
	Other investments	77.4				2.3				—				0.5			—		—		—			—				80.2
	Total Level III Investments	98.4				2.7				—				0.5			—		—		1.6			—				100
	NIMS derivative assets	1.6				—				—				—			—		—		—			—				1.6
	Other assets	96				2.7				—				—			—		—		5.5			—				93.2
	Total Level III Assets	$	196			$	5.4			$	—			$	0.5		$	—	$	—	$	7.1		$	—			$	194.8
	Derivative liabilities, net	$	343.6			$	11.4			$	—			$	—		$	—	$	—	$	(5.3	)	$	—			$	337.5
	VIE debt	106.8				(1.8		)		—				—			—		—		4.4			—				104.2
	Total Level III Liabilities, net	$	450.4			$	9.6			$	—			$	—		$	—	$	—	$	(0.9	)	$	—			$	441.7
	______________
-1	Includes unrealized gains (losses) for the three months ended September 30, 2013, relating to assets and liabilities still held as of September 30, 2013 as follows: $2.3 million for investments, $0.5 million for other assets, $5.9 million for derivative liabilities and $(1.0) million for VIE debt.
-2	Transfers are recognized at the end of the period as the availability of market observed inputs changes from period to period.
The following is a rollforward of Level III assets and liabilities measured at fair value for the nine months ended September 30, 2013:
					Realized and
					Unrealized
					Gains (Losses)
(In millions)	Beginning				Included in Earnings (1)				Included in OCI				Purchases			Sales		Issuances		Settlements			Transfers Into				Ending
	Balance at																						(Out of)				Balance at
	1-Jan-13																						Level III (2)				30-Sep-13
Investments:
State and municipal obligations	$	19			$	0.8			$	—			$	—		$	—	$	—	$	1.4		$	—			$	18.4
Corporate bonds and notes	—				(0.1		)		—				2.7			—		—		—			(2.6		)	-3	—
CMBS	—				—				—				3.1			3.1		—		—			—				—
Other ABS	1.7				—				—				—			—		—		0.7			—				1
Equity securities	1				—				—				—			0.6		—		—			—				0.4
Other investments	79				0.4				—				1.3			0.1		—		0.4			—				80.2
Total Level III Investments	100.7				1.1				—				7.1			3.8		—		2.5			(2.6		)		100
NIMS derivative assets	1.6				—				—				—			—		—		—			—				1.6
Other assets	99.2				11.1				—				—			—		—		17.1			—				93.2
Total Level III Assets	$	201.5			$	12.2			$	—			$	7.1		$	3.8	$	—	$	19.6		$	(2.6	)		$	194.8
Derivative liabilities, net	$	254.9			$	(69.7	)		$	—			$	—		$	—	$	—	$	(12.9	)	$	—			$	337.5
VIE debt	108.9				(9.0		)		—				—			—		—		13.7			—				104.2
Total Level III Liabilities, net	$	363.8			$	(78.7	)		$	—			$	—		$	—	$	—	$	0.8		$	—			$	441.7
______________
-1	Includes unrealized gains (losses) for the nine months ended September 30, 2013, relating to assets and liabilities still held at September 30, 2013 as follows: $0.4 million for investments, $3.9 million for other assets, $(83.5) million for derivative liabilities and $(6.4) million for VIE debt.
-2	Transfers are recognized at the end of the period as the availability of market observed inputs changes from period to period.
-3	During the period, pricing from a third-party pricing source became available that utilized observable inputs for individual instruments. As a result, these instruments were transferred out of Level III and into Level II.
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	'
	The following table summarizes the significant unobservable inputs used in our recurring Level III fair value measurements as of September 30, 2014:
	(In millions)	Fair Value Net Asset (Liability) September 30, 2014 (1)				Valuation Technique		Unobservable Input		Range/ Weighted Average
	Level III Assets/Liabilities:
	State and municipal obligations	$	18.6			Discounted cash flow		Discount rate					11.8	%
								Expected loss					11	%
	Other investments	82.5				Discounted cash flow		Discount rate					0.8	%
	Corporate CDOs	(0.4		)		Base correlation model		Radian Group correlation to corporate index					85	%
								Average credit spread		0.1	%	-	0.6	%
								Own credit spread (2)		1.1	%	-	4.1	%
	CDO of CMBS	(39.3		)		Discounted cash flow		Radian Group correlation to CMBS transaction index					80	%
								Own credit spread (2)		1.1	%	-	4.1	%
	TruPs CDOs	(18.4		)		Discounted cash flow		Principal recovery					75	%
								Principal recovery (stressed)					65	%
								Probability of conditional liquidity payment		0.2	%	-	10	%
								Own credit spread (2)		1.1	%	-	4.1	%
	TruPs-related VIE	(46.7		)		Discounted cash flow		Discount rate					7.8	%
	Other non-corporate CDOs and derivative transactions	(74.4		)		Risk-based model		Average life (in years)		<1		-	16
								Own credit spread (2)		1.1	%	-	4.1	%
	NIMS VIE	(3.2		)		Discounted cash flow		NIMS credit spread					40.1	%
								Own credit spread (2)					7.2	%
	________________
	-1	Excludes certain assets and liabilities for which we do not develop quantitative unobservable inputs. The fair value estimates for these assets and liabilities are developed using third-party pricing information, generally without adjustment.
	-2	Represents the range of our CDS spread that a typical market participant might use in the valuation analysis based on the remaining term of the investment.
	The following table summarizes the significant unobservable inputs used in our recurring Level III fair value measurements as of December 31, 2013:
	(In millions)	Fair Value Net Asset (Liability) December 31, 2013 (1)				Valuation Technique		Unobservable Input		Range/ Weighted Average
	Level III Assets/Liabilities:
	State and municipal obligations	$	18.7			Discounted cash flow		Discount rate					12.3	%
								Expected loss					11.1	%
	Other investments	81				Discounted cash flow		Discount rate					1.2	%
	Corporate CDOs	(1.4		)		Base correlation model		Radian Group correlation to corporate index					85	%
								Average credit spread		0.1	%	-	0.9	%
								Own credit spread (2)		0.8	%	-	4.3	%
	CDO of CMBS	(67.8		)		Discounted cash flow		Radian Group correlation to CMBS transaction index		72	%	-	85	%
								Own credit spread (2)		0.8	%	-	4.3	%
	TruPs CDOs	(43.9		)		Discounted cash flow		Principal recovery					75	%
								Principal recovery (stressed)					65	%
								Probability of conditional liquidity payment		1.1	%	-	12.4	%
								Own credit spread (2)		0.8	%	-	4.3	%
	TruPs-related VIE	(68.4		)		Discounted cash flow		Discount rate					13.1	%
	Other non-corporate CDOs and derivative transactions	(119.4		)		Risk-based model		Average life (in years)		<1		-	20
								Own credit spread (2)		0.8	%	-	4.3	%
	NIMS VIE	(2.8		)		Discounted cash flow		NIMS credit spread					43.8	%
								Own credit spread (2)					7.9	%
	________________
	-1	Excludes certain assets and liabilities for which we do not develop quantitative unobservable inputs. The fair value estimates for these assets and liabilities are developed using third-party pricing information, generally without adjustment.
	-2	Represents the range of our CDS spread that a typical market participant might use in the valuation analysis based on the remaining term of the investment.
Fair Value, by Balance Sheet Grouping [Table Text Block]	'
	The carrying value and estimated fair value of other selected assets and liabilities not carried at fair value on our condensed consolidated balance sheets were as follows as of the dates indicated:
		September 30, 2014								December 31, 2013
	(In millions)	Carrying				Estimated				Carrying				Estimated
		Amount				Fair Value				Amount				Fair Value
	Assets:
	Fixed-maturities held to maturity	$	0.1			$	0.1		-1	$	0.4			$	0.4	-1
	Other invested assets	39.6				49.7			-1	47.4				54.3		-1
	Liabilities:
	Long-term debt (3)	1,201.10				1,703.90			-1	930.1				1,502.70		-1
	Non-derivative financial guaranty liabilities	136.2				170.1			-2	144.7				189.1		-2
	______________________
	-1	These estimated fair values would be classified in Level II of the fair value hierarchy.
	-2	These estimated fair values would be classified in Level III of the fair value hierarchy.
	-3	The carrying amount of long-term debt is net of the equity component, which is accounted for under the accounting standard for convertible debt instruments that may be settled in cash upon conversion (including partial cash settlement). The fair value is estimated based on the quoted market prices for the same or similar issues. See Note 11 for further information.

Note_5_Variable_Interest_Entit2

Note 5 - Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2014
VIEs [Abstract]	'
Schedule of Variable Interest Entities [Table Text Block]	'
	The following tables provide a summary of our maximum exposure to losses, and the financial impact on our condensed consolidated balance sheets, our condensed consolidated statements of operations and our condensed consolidated statements of cash flows as of and for the periods indicated, as it relates to our consolidated and unconsolidated financial guaranty insurance contracts and credit derivative VIEs:
		Consolidated					Unconsolidated
	(In thousands)	September 30,			December 31,		September 30,			December 31,
		2014			2013		2014			2013
	Balance Sheet:
	Other invested assets	$	82,502		$	81,000	$	—		$	—
	Derivative assets	—			—		—			—
	Premiums receivable	—			—		1,890			2,211
	Other assets	88,219			92,023		—			—
	Unearned premiums	—			—		1,432			1,872
	Reserve for losses and LAE	—			—		10,878			14,094
	Derivative liabilities	46,653			68,457		121,745			220,633
	VIE debt—at fair value	88,036			91,800		—			—
	Other liabilities	221			254		—			—
	Maximum exposure (1)	136,593			121,628		2,699,248			4,578,784
	_______________
	-1	The difference between the carrying amounts of the net asset/liability position and maximum exposure related to VIEs is primarily due to the difference between the face amount of the obligation and the recorded fair values, which include an adjustment for our non-performance risk, as applicable. For those VIEs that have recourse to our general credit, the maximum exposure is based on the net par amount of our insured obligation. For any VIEs that do not have recourse to our general credit, the maximum exposure is generally based on the recorded net assets of the VIE, as of the reporting date.
		Consolidated					Unconsolidated
		Nine Months Ended September 30,					Nine Months Ended September 30,
	(In thousands)	2014			2013		2014			2013
	Statement of Operations:
	Premiums earned	$	—		$	—	$	921		$	872
	Net investment income	1,338			1,338		—			—
	Net gains on investments	165			405		—			—
	Change in fair value of derivative instruments—gains (losses)	20,124			513		101,110			(82,069		)
	Net gains on other financial instruments	2,976			3,377		—			—
	Provision for losses—increase (decrease)	—			—		2,261			(208		)
	Other operating expenses	1,303			1,469		—			—
	Net Cash (Outflow) Inflow	(34		)	333		(2,493		)	4,133

Note_6_Investments_Tables

Note 6 - Investments (Tables)	9 Months Ended
	Sep. 30, 2014
Investments [Abstract]	'
Unrealized Gain (Loss) on Investments [Table Text Block]	'
	Our held to maturity and available for sale securities within our investment portfolio consisted of the following as of the dates indicated:
		September 30, 2014
	(In thousands)	Amortized			Fair Value			Gross			Gross
		Cost						Unrealized			Unrealized
								Gains			Losses
	Fixed-maturities held to maturity:
	State and municipal obligations	$	50		$	50		$	—		$	—
		$	50		$	50		$	—		$	—
	Fixed-maturities available for sale:
	U.S. government and agency securities	$	43,178		$	43,314		$	171		$	35
	State and municipal obligations	26,788			27,932			1,175			31
	Corporate bonds and notes	124,536			125,898			2,194			832
	RMBS	76,139			77,431			1,292			—
	CMBS	31,617			31,546			66			137
	Other ABS	126,392			124,721			13			1,684
	Foreign government and agency securities	19,303			19,626			364			41
	Other investments	202			202			—			—
		$	448,155		$	450,670		$	5,275		$	2,760
	Equity securities available for sale (1)	$	78,106		$	144,593		$	66,487		$	—
	Total debt and equity securities	$	526,311		$	595,313		$	71,762		$	2,760
	______________________
	-1	Comprising broadly diversified domestic equity mutual funds ($137.0 million fair value) and various preferred and common stocks invested across numerous companies and industries ($7.6 million fair value).
		December 31, 2013
	(In thousands)	Amortized			Fair Value			Gross			Gross
		Cost						Unrealized			Unrealized
								Gains			Losses
	Fixed-maturities held to maturity:
	State and municipal obligations	$	358		$	351		$	—		$	7
		$	358		$	351		$	—		$	7
	Fixed-maturities available for sale:
	U.S. government and agency securities	$	8,939		$	9,106		$	224		$	57
	State and municipal obligations	26,489			25,946			26			569
	Corporate bonds and notes	11,951			12,045			578			484
	RMBS	72,665			73,115			450			—
	Other investments	341			341			—			—
		$	120,385		$	120,553		$	1,278		$	1,110
	Equity securities available for sale (1)	$	78,106		$	135,168		$	57,062		$	—
	Total debt and equity securities	$	198,849		$	256,072		$	58,340		$	1,117
	______________________
	-1	Comprising broadly diversified domestic equity mutual funds ($128.3 million fair value) and various preferred and common stocks invested across numerous companies and industries ($6.9 million fair value).
Trading Securities (and Certain Trading Assets) [Table Text Block]	'
	The trading securities within our investment portfolio, which are recorded at fair value, consisted of the following as of the dates indicated:
	(In thousands)	September 30,			December 31,
		2014			2013
	Trading securities:
	U.S. government and agency securities	$	249,102		$	393,815
	State and municipal obligations	605,255			595,070
	Corporate bonds and notes	881,362			1,024,574
	RMBS	221,820			487,239
	CMBS	272,281			288,895
	Other ABS	136,802			195,816
	Foreign government and agency securities	23,744			40,657
	Equity securities	88,397			90,604
	Other investments	733			759
	Total	$	2,479,496		$	3,117,429
Gain (Loss) on Investments [Table Text Block]	'
	Net realized and unrealized (losses) gains on investments consisted of:
		Three Months Ended September 30,						Nine Months Ended September 30,
	(In thousands)	2014			2013			2014			2013
	Net realized gains (losses):
	Fixed-maturities held to maturity	$	—		$	—		$	(9	)	$	2
	Fixed-maturities available for sale	(541		)	443			(335		)	1,312
	Equities available for sale	—			—			—			349
	Trading securities	119			2,196			(4,333		)	15,212
	Short-term investments	—			—			—			2
	Other invested assets	—			485			—			8,841
	Other	531			70			478			93
	Net realized gains (losses) on investments	109			3,194			(4,199		)	25,811
	Unrealized (losses) gains on trading securities	(7,663		)	(12,666		)	107,865			(169,107		)
	Unrealized (losses) gains on other invested assets	(285		)	2,340			165			405
	Total (losses) gains on investments	$	(7,839	)	$	(7,132	)	$	103,831		$	(142,891	)
Schedule Of Unrealized Losses [Table Text Block]	'
	The following tables show the gross unrealized losses and fair value of our securities deemed “available for sale” and “held to maturity,” aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of the dates indicated:
	September 30, 2014: ($ in thousands) Description of Securities		Less Than 12 Months								12 Months or Greater							Total
			# of		Fair Value			Unrealized			# of			Fair Value		Unrealized		# of	Fair Value		Unrealized
			securities					Losses			securities					Losses		securities			Losses
	U.S. government and agency securities		2		$	7,114		$	35		—			$	—	$	—	2	$	7,114	$	35
	State and municipal obligations		7		426			23			1			5,726		8		8	6,152		31
	Corporate bonds and notes		20		57,381			713			1			1,042		119		21	58,423		832
	CMBS		5		21,495			137			—			—		—		5	21,495		137
	Other ABS		28		109,990			1,684			—			—		—		28	109,990		1,684
	Foreign government and agency securities		5		2,726			41			—			—		—		5	2,726		41
	Total		67		$	199,132		$	2,633		2			$	6,768	$	127	69	$	205,900	$	2,760
	December 31, 2013: ($ in thousands) Description of Securities		Less Than 12 Months								12 Months or Greater							Total
			# of		Fair Value			Unrealized			# of			Fair Value		Unrealized		# of	Fair Value		Unrealized
			securities					Losses			securities					Losses		securities			Losses
	U.S. government and agency securities		1		$	5,401		$	57		—			$	—	$	—	1	$	5,401	$	57
	State and municipal obligations		4		14,502			42			2			5,514		534		6	20,016		576
	Corporate bonds and notes		—		—			—			2			2,966		484		2	2,966		484
	Total		5		$	19,903		$	99		4			$	8,480	$	1,018	9	$	28,383	$	1,117
Investments Classified by Contractual Maturity Date [Table Text Block]	'
	The contractual maturities of fixed-maturity investments are as follows:
		September 30, 2014
		Held to Maturity						Available for Sale
	(In thousands)	Amortized			Fair			Amortized			Fair
		Cost			Value			Cost			Value
	Due in one year or less (1)	$	50		$	50		$	77		$	77
	Due after one year through five years (1)	—			—			76,568			76,680
	Due after five years through ten years (1)	—			—			64,406			65,503
	Due after ten years (1)	—			—			72,956			74,712
	RMBS (2)	—			—			76,139			77,431
	CMBS (2)	—			—			31,617			31,546
	Other ABS (2)	—			—			126,392			124,721
	Total	$	50		$	50		$	448,155		$	450,670
	______________________
	-1	Actual maturities may differ as a result of calls before scheduled maturity.
	-2	RMBS, CMBS, and Other ABS are shown separately, as they are not due at a single maturity date.

Note_7_Goodwill_and_Other_Inta2

Note 7 - Goodwill and Other Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of Intangible Assets and Goodwill [Table Text Block]	'
	The following is a summary of the gross and net carrying amounts and accumulated amortization of our other intangible assets as of and for the year to date periods indicated:
		As of September 30, 2014
	(In thousands)	Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
	Client relationships	$	79,245		$	(1,460	)	$	77,785
	Technology	8,970			(415		)	8,555
	Trademark	7,860			(197		)	7,663
	Client backlog	6,680			(1,203		)	5,477
	Non-competition agreements	145			(19		)	126
	Total	$	102,900		$	(3,294	)	$	99,606
		As of December 31, 2013
		Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
	Technology	$	200		$	—		$	200
	Non-competition agreements	5			—			5
	Total	$	205		$	—		$	205
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	'
	For financial reporting purposes, other intangible assets with finite lives will be amortized over their applicable estimated useful lives in a manner that approximates the pattern of expected economic benefit from each intangible asset, as follows:
		Estimated Useful Life
	Client relationships	3 years	-	15 years
	Technology	3 years	-	6 years
	Trademark			10 years
	Client backlog	3 years	-	5 years
	Non-competition agreements	2 years	-	3 years
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	'
	The estimated aggregate amortization expense for the remainder of 2014 and thereafter is as follows (in thousands):
	2014	$	3,259
	2015	12,014
	2016	10,890
	2017	10,584
	2018	10,394
	2019	9,376
	Thereafter	43,089

Note_8_Reinsurance_Tables

Note 8 - Reinsurance (Tables)	9 Months Ended
	Sep. 30, 2014
Reinsurance Disclosures [Abstract]	'
Reinsurance, Premiums Written And Earned [Table Text Block]	'
	The effect of reinsurance on net premiums written and earned is as follows:
		Three Months Ended September 30,						Nine Months Ended September 30,
	(In thousands)	2014			2013			2014			2013
	Net premiums written-insurance:
	Direct	$	261,301		$	268,886		$	729,261		$	784,180
	Assumed	(217		)	(126		)	406			(10,729		)
	Ceded	(16,832		)	(17,918		)	(49,342		)	(64,195		)
	Net premiums written-insurance	$	244,252		$	250,842		$	680,325		$	709,256
	Net premiums earned-insurance:
	Direct	$	244,160		$	228,162		$	696,323		$	660,687
	Assumed	2,062			1,943			6,141			10,573
	Ceded	(19,066		)	(18,121		)	(55,529		)	(53,564		)
	Net premiums earned-insurance	$	227,156		$	211,984		$	646,935		$	617,696
Reinsurance Transaction Details [Table Text Block]	'
	The following tables show the amounts related to the QSR Reinsurance Transactions for the periods indicated:
		Initial QSR Transaction
		Three Months Ended September 30,						Nine Months Ended September 30,
	(In thousands)	2014			2013			2014			2013
	Ceded premiums written	$	4,668		$	5,551		$	15,018		$	17,573
	Ceded premiums earned	6,578			7,216			20,188			22,711
	Ceding commissions written	1,166			1,388			3,754			4,393
		Second QSR Transaction
		Three Months Ended September 30,						Nine Months Ended September 30,
	(In thousands)	2014			2013			2014			2013
	Ceded premiums written	$	9,082		$	8,233		$	24,447		$	32,253
	Ceded premiums earned	7,699			5,099			21,481			12,220
	Ceding commissions written	3,179			2,882			8,557			11,289

Note_9_Losses_and_LAE_Tables

Note 9 - Losses and LAE (Tables)	9 Months Ended
	Sep. 30, 2014
Insurance Loss Reserves [Abstract]	'
Loss Reserves By Segment [Table Text Block]	'
	Our reserve for losses and LAE, as of the dates indicated, consisted of:
	(In thousands)	September 30,			December 31,
		2014			2013
	Mortgage insurance reserves	$	1,588,131		$	2,164,353
	Financial guaranty reserves	32,220			21,068
	Total reserve for losses and LAE	$	1,620,351		$	2,185,421
Reserve for Losses and LAE by category [Table Text Block]	'
	The following table shows our mortgage insurance reserve for losses and LAE by category at the end of each period indicated:
	(In thousands)	September 30,			December 31,
		2014			2013
	Reserves for losses by category:
	Prime	$	721,811		$	937,307
	Alt-A	308,283			384,841
	A minus and below	182,885			215,545
	IBNR and other	212,908			347,698
	LAE	52,690			51,245
	Reinsurance recoverable (1)	21,201			38,363
	Total primary reserves	1,499,778			1,974,999
	Pool	80,664			169,682
	IBNR and other	2,468			8,938
	LAE	3,434			5,439
	Total pool reserves	86,566			184,059
	Total First-lien reserves	1,586,344			2,159,058
	Second-lien and other (2)	1,787			5,295
	Total reserve for losses	$	1,588,131		$	2,164,353
	______________________
	-1	Primarily represents ceded losses on captive transactions and the QSR Reinsurance Transactions.
	-2	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 mortgage insurance reserves for losses, including IBNR reserves and LAE but excluding Second-lien PDR, for the periods indicated:
		Three Months Ended September 30,					Nine Months Ended September 30,
	(In thousands)	2014			2013		2014			2013
	Mortgage Insurance
	Balance at beginning of period	$	1,714,681		$	2,690,861	$	2,164,353		$	3,083,608
	Less reinsurance recoverables (1)	22,458			58,427		38,363			83,238
	Balance at beginning of period, net of reinsurance recoverables	1,692,223			2,632,434		2,125,990			3,000,370
	Add losses and LAE incurred in respect of default notices reported and unreported in:
	Current year (2)	106,927			140,015		339,496			477,155
	Prior years	(58,370		)	11,997		(177,514		)	(56,777		)
	Total incurred	48,557			152,012		161,982			420,378
	Deduct paid claims and LAE related to:
	Current year (2)	2,911			21,334		3,348			21,483
	Prior years	170,939			498,002		717,694			1,134,155
	Total paid	173,850			519,336		721,042			1,155,638
	Balance at end of period, net of reinsurance recoverables	1,566,930			2,265,110		1,566,930			2,265,110
	Add reinsurance recoverables (1)	21,201			49,675		21,201			49,675
	Balance at end of period	$	1,588,131		$	2,314,785	$	1,588,131		$	2,314,785
	_________________________
	-1	Related to ceded losses on captive reinsurance transactions and the QSR Reinsurance 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.
Rescissions And Denials [Table Text Block]	'
	The following table illustrates the amount of First-lien claims submitted to us for payment that were rescinded or denied, for the periods indicated, net of any reinstatements of previously rescinded policies or denied claims within each period:
		Three Months Ended September 30,					Nine Months Ended September 30,
	(In millions)	2014			2013		2014			2013
	Rescissions	$	14.5		$	21.6	$	48.3		$	56.5
	Denials	39			4.1		45			131.3
	Total First-lien claims submitted for payment that were rescinded or denied (1)	$	53.5		$	25.7	$	93.3		$	187.8
	______________________
	-1	Includes an amount related to a small number of submitted claims that were subsequently withdrawn by the insured.

Note_10_Financial_Guaranty_Ins2

Note 10 - Financial Guaranty Insurance Contracts (Tables)	9 Months Ended
	Sep. 30, 2014
Financial Guaranty Insurance Contracts [Abstract]	'
Schedule of Insured Financial Obligations with Credit Deterioration [Table Text Block]	'
	The following table includes information as of September 30, 2014 regarding our financial guaranty claim liabilities on non-derivative transactions, segregated by the surveillance categories that we use in monitoring the risks related to these contracts:
		Surveillance Categories
	($ in thousands)	Performing			Special			Intensified			Case			Total
					Mention			Surveillance			Reserve
	Number of policies	5			168			90			81			344
	Remaining weighted-average contract period (in years)	21			15			18			18			17
	Insured contractual payments outstanding:
	Principal	$	1,338		$	943,438		$	658,561		$	94,091		$	1,697,428
	Interest	151			486,985			386,906			25,267			899,309
	Total	$	1,489		$	1,430,423		$	1,045,467		$	119,358		$	2,596,737
	Gross claim liability	$	1		$	15,352		$	227,546		$	32,230		$	275,129
	Less:
	Gross potential recoveries	—			1,830			291,209			48,922			341,961
	Discount, net	—			1,966			(110,678		)	(1,252		)	(109,964		)
	Net claim liability (asset) (prior to reduction for unearned premium)	$	1		$	11,556		$	47,015		$	(15,440	)	$	43,132
	Unearned premium revenue	$	5		$	14,101		$	9,471		$	—		$	23,577
	Net claim liability (asset) reported in the balance sheet	$	—		$	4,736		$	40,608		$	(15,439	)	$	29,905
	Reinsurance recoverables	$	—		$	—		$	—		$	—		$	—
Adjustments to Premiums Earned Financial Guaranty Contracts [Table Text Block]	'
	Premiums earned were affected by the following for the periods indicated:
		Three Months Ended September 30,						Nine Months Ended September 30,
	(In thousands)	2014			2013			2014			2013
	Refundings	$	6,253		$	6,979		$	14,443		$	22,020
	Recaptures/Commutations	—			—			—			(2,447		)
	Adjustments to installment premiums, gross of commissions	(1,586		)	(155		)	(1,425		)	2,527
	Unearned premium acceleration upon establishment of case reserves	905			—			967			69
	Foreign exchange revaluation, gross of commissions	(299		)	112			21			(975		)
	Total adjustment to premiums earned	$	5,273		$	6,936		$	14,006		$	21,194
Financial Guarantee Insurance Contracts Future Premium Revenue to be Recognized [Table Text Block]	'
	The following table shows the expected contractual premium revenue from our existing financial guaranty portfolio, assuming no Refundings of any financial guaranty obligations, as of September 30, 2014:
	(In thousands)	Ending Net			Unearned			Accretion			Total
		Unearned			Premium						Premium
		Premiums			Amortization						Revenue
	4th quarter 2014	$	154,439		$	6,080		$	179		$	6,259
	2014	154,439			6,080			179			6,259
	2015	139,127			15,312			674			15,986
	2016	126,046			13,081			617			13,698
	2017	114,629			11,417			581			11,998
	2018	103,819			10,811			530			11,341
	2014 - 2018	103,819			56,701			2,581			59,282
	2019 - 2023	59,338			44,480			2,049			46,529
	2024 - 2028	29,650			29,689			1,334			31,023
	2029 - 2033	12,697			16,962			858			17,820
	After 2033	—			12,697			993			13,690
	Total	$	—		$	160,529		$	7,815		$	168,344
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]	'
	The following table shows the significant components of changes in our financial guaranty claim liability for the three and nine months ended September 30, 2014 and 2013, excluding reserves related to our trade credit reinsurance and surety business of $2.3 million and $1.6 million, respectively, which are excluded from the accounting standard regarding accounting for financial guaranty insurance contracts by insurance enterprises.
		Three Months Ended September 30,						Nine Months Ended September 30,
	(In thousands)	2014			2013			2014			2013
	Claim liability at beginning of period	$	32,859		$	23,611		$	19,458		$	64,291
	Incurred losses and LAE:
	(Decrease) increase in gross claim liability	(18,154		)	(28,486		)	8,965			(56,477		)
	Decrease in gross potential recoveries	18,308			8,896			64,454			35,339
	(Increase) decrease in discount	(8,438		)	24,075			(68,197		)	30,208
	Decrease (increase) in unearned premiums	1,384			926			(1,887		)	213
	Incurred losses and LAE	(6,900		)	5,411			3,335			9,283
	Recovered (paid) losses and LAE:
	Current year	(669		)	(70		)	(692		)	(103		)
	Prior years	4,615			1,586			7,804			(42,933		)
	Recoveries (payments) of losses and LAE	3,946			1,516			7,112			(43,036		)
	Claim liability at end of period	$	29,905		$	30,538		$	29,905		$	30,538
	Components of incurred losses and LAE:
	Claim liability established in current period	$	922		$	866		$	13,065		$	1,249
	Changes in existing claim liabilities	(7,822		)	4,545			(9,730		)	8,034
	Total incurred losses and LAE	$	(6,900	)	$	5,411		$	3,335		$	9,283
	Components of (increase) decrease in discount:
	Decrease (increase) in discount related to claim liabilities established in current period	$	322		$	268		$	(3,735	)	$	103
	(Increase) decrease in discount related to existing claim liabilities	(8,760		)	23,807			(64,462		)	30,105
	Total (increase) decrease in discount	$	(8,438	)	$	24,075		$	(68,197	)	$	30,208
Schedule or Description of Weighted Average Discount Rate [Table Text Block]	'
	The weighted-average risk-free rates used to discount the gross claim liability and gross potential recoveries on our financial guaranty contracts were as follows, as of the dates indicated:
	September 30, 2014	2.52	%
	December 31, 2013	2.95	%
	September 30, 2013	3	%
	December 31, 2012	2	%

Note_11_LongTerm_Debt_Tables

Note 11 - Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2014
Long-term Debt, Unclassified [Abstract]	'
Schedule of Long-term Debt Instruments [Table Text Block]	'
	The carrying value of our long-term debt at September 30, 2014 and December 31, 2013 was as follows:
	(In thousands)		September 30,			December 31,
			2014			2013
	5.38%	Senior Notes due 2015	$	—		$	54,481
	9.00%	Senior Notes due 2017	192,348			191,611
	3.00%	Convertible Senior Notes due 2017 (1)	369,737			353,798
	2.25%	Convertible Senior Notes due 2019 (2)	338,984			330,182
	5.50%	Senior Notes due 2019	300,000			—
		Total long-term debt	$	1,201,069		$	930,072
	_______________________
	-1	The principal amount of these notes is $450 million.
	-2	The principal amount of these notes is $400 million.
Schedule of Liability and Equity Components of Convertible Debt [Table Text Block]	'
	The convertible notes are reflected on our condensed consolidated balance sheets as follows:
		Convertible Senior Notes due 2017						Convertible Senior Notes due 2019
	(In thousands)	September 30,			December 31,			September 30,				December 31,
		2014			2013			2014				2013
	Liability component:
	Principal	$	450,000		$	450,000		$	400,000			$	400,000
	Less: debt discount, net (1)	(80,263		)	(96,202		)	(61,015		)		(69,818		)
	Net carrying amount	$	369,737		$	353,798		$	338,985			$	330,182
	Equity component (net of tax impact) (2)	$	65,679		$	65,679		$	77,026		-3	$	77,026		-3
	__________________
	-1	Included within long-term debt and is being amortized over the life of the convertible notes.
	-2	Amount included within additional paid-in capital, net of the capped call transactions (Convertible Senior Notes due 2017) and related issuance costs (Convertible Senior Notes due 2017 and 2019).
	-3	There was no net tax impact recorded in equity related to the Convertible Senior Notes due 2019, as a result of our full valuation allowance.
Schedule of Interest Expense Recognized Related to Convertible Debt [Table Text Block]	'
	The following tables set forth total interest expense recognized related to the convertible notes for the periods indicated:
		Convertible Senior Notes due 2017
		Three Months Ended September 30,						Nine Months Ended September 30,
	($ in thousands)	2014			2013			2014				2013
	Contractual interest expense	$	3,375		$	3,375		$	10,125			$	10,125
	Amortization of debt issuance costs	308			291			912				861
	Amortization of debt discount	5,441			4,943			15,939				14,481
	Total interest expense	$	9,124		$	8,609		$	26,976			$	25,467
	Effective interest rate of the liability component	9.75		%	9.75		%	9.75		%		9.75		%
		Convertible Senior Notes due 2019
		Three Months Ended September 30,						Nine Months Ended September 30,
	($ in thousands)	2014			2013			2014				2013
	Contractual interest expense	$	2,250		$	2,250		$	6,750			$	5,175
	Amortization of debt issuance costs	322			311			957				711
	Amortization of debt discount	2,980			2,801			8,803				6,378
	Total interest expense	$	5,552		$	5,362		$	16,510			$	12,264
	Effective interest rate of the liability component	6.25		%	6.25		%	6.25		%		6.25		%

Note_12_Accumulated_Other_Comp1

Note 12 - Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]	'
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	'
	The following table shows the rollforward of AOCI as of the periods indicated:
		Three Months Ended September 30, 2014									Nine Months Ended September 30, 2014
	(In thousands)	Before Tax			Tax Effect			Net of Tax			Before Tax			Tax Effect			Net of Tax
	Balance at beginning of period	$	70,857		$	19,840		$	51,017		$	57,345		$	19,962		$	37,383
	OCI:
	Foreign currency translation adjustments:
	Unrealized foreign currency translation adjustment	(186		)	—			(186		)	(186		)	—			(186		)
	Less: Reclassification adjustment for net gains (losses) included in net income	—			—			—			—			—			—
	Net foreign currency translation adjustments	(186		)	—			(186		)	(186		)	—			(186		)
	Unrealized (losses) gains on investments:
	Unrealized holding (losses) gains arising during the period	(2,281		)	(45		)	(2,236		)	11,437			(93		)	11,530
	Less: Reclassification adjustment for net losses included in net income (1)	(541		)	(122		)	(419		)	(335		)	(48		)	(287		)
	Net unrealized (losses) gains on investments	(1,740		)	77			(1,817		)	11,772			(45		)	11,817
	OCI	(1,926		)	77			(2,003		)	11,586			(45		)	11,631
	Balance at end of period	$	68,931		$	19,917		$	49,014		$	68,931		$	19,917		$	49,014
		Three Months Ended September 30, 2013									Nine Months Ended September 30, 2013
	(In thousands)	Before Tax			Tax Effect			Net of Tax			Before Tax			Tax Effect			Net of Tax
	Balance at beginning of period	$	37,450		$	12,984		$	24,466		$	24,904		$	8,809		$	16,095
	Unrealized holding gains arising during the period	7,659			2,681			4,978			21,422			7,498			13,924
	Less: Reclassification adjustment for net gains included in net loss (1)	444			140			304			1,661			782			879
	Net unrealized gains on investments	7,215			2,541			4,674			19,761			6,716			13,045
	OCI	7,215			2,541			4,674			19,761			6,716			13,045
	Balance at end of period	$	44,665		$	15,525		$	29,140		$	44,665		$	15,525		$	29,140
	_________________________
	-1	Included in net (losses) gains on investments on our condensed consolidated statements of operations.

Note_14_Statutory_Information_1

Note 14 - Statutory Information (Tables)	9 Months Ended
	Sep. 30, 2014
Statutory Accounting Practices [Line Items]	'
Risk To Capital Calculation [Table Text Block]	'
	Radian Guaranty’s Risk-to-capital calculation appears in the table below. For purposes of the Risk-to-capital requirements imposed by certain states, statutory capital is defined as the sum of statutory policyholders’ surplus (i.e., statutory capital and surplus) plus statutory contingency reserves.
		September 30,			December 31,
		2014			2013
	($ in millions)
	RIF, net (1)	$	29,713.40		$	26,128.20
	Statutory policyholders’ surplus	$	1,326.10		$	1,317.80
	Contingency reserve	291.4			23
	Statutory capital	$	1,617.50		$	1,340.80
	Risk-to-capital	18.4:1			19.5:1
	_______________________
	-1	Excludes risk ceded through reinsurance contracts (to third parties and affiliates) and RIF on defaulted loans.
Radian Guaranty Inc [Member]	'
Statutory Accounting Practices [Line Items]	'
Statutory Accounting Practices Disclosure [Table Text Block]	'
	Radian Guaranty’s statutory net income (loss), statutory policyholders’ surplus and contingency reserve as of or for the periods indicated were as follows:
	(In millions)	As of and for the Nine Months Ended September 30, 2014			As of and for the Year Ended December 31, 2013
	Statutory net income (loss)	$	393.6		$	(23.8	)
	Statutory policyholders’ surplus	1,326.10			1,317.80
	Contingency reserve	291.4			23
Radian Asset Assurance [Member]	'
Statutory Accounting Practices [Line Items]	'
Statutory Accounting Practices Disclosure [Table Text Block]	'
	Radian Asset Assurance’s statutory net income (loss), statutory policyholders’ surplus and contingency reserve as of or for the periods indicated were as follows:
	(In millions)	As of and for the Nine Months Ended September 30, 2014			As of and for the Year Ended December 31, 2013
	Statutory net loss	$	(7.4	)	$	(24.9	)
	Statutory policyholders’ surplus	1,033.10			1,198.00
	Contingency reserve	287.7			264

Note_15_Selected_Financial_Inf1

Note 15 - Selected Financial Information of Registrant (Tables)	9 Months Ended
	Sep. 30, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]	'
Selected Financial Information Of Registrant [Table Text Block]	'
	(In thousands)	September 30,		December 31, 2013
		2014
	Investment in subsidiaries, at equity in net assets	$	2,107,572	$	1,419,360
	Total assets	3,102,058		2,112,495
	Long-term debt	1,201,069		930,072
	Total liabilities	1,367,657		1,172,850
	Total stockholders’ equity	1,734,401		939,645
	Total liabilities and stockholders’ equity	3,102,058		2,112,495

Note_17_Net_Income_Loss_Per_Sh1

Note 17 - Net Income (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share, Basic and Diluted [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
	The calculation of the basic and diluted net income (loss) per share was as follows:
		Three Months Ended September 30,					Nine Months Ended September 30,
	(In thousands, except per share amounts)	2014		2013			2014		2013
	Net income (loss)—basic	$	153,590	$	(12,682	)	$	531,182	$	(233,354	)
	Adjustment for dilutive Convertible Senior Notes due 2019 (1)	5,552		—			16,510		—
	Net income (loss)—diluted	$	159,142	$	(12,682	)	$	547,692	$	(233,354	)
	Average common shares outstanding—basic	191,050		171,830			182,357		162,828
	Dilutive effect of Convertible Senior Notes due 2017	6,342		—			7,665		—
	Dilutive effect of Convertible Senior Notes due 2019	37,736		—			37,736		—
	Dilutive effect of stock-based compensation arrangements (2)	2,939		—			2,904		—
	Adjusted average common shares outstanding—diluted	238,067		171,830			230,662		162,828
	Net income (loss) per share—basic	$	0.8	$	(0.07	)	$	2.91	$	(1.43	)
	Net income (loss) per share—diluted	$	0.67	$	(0.07	)	$	2.37	$	(1.43	)
	________________
	-1	As applicable, includes coupon interest, amortization of discount and fees, and other changes in income or loss that would result from the assumed conversion.
	-2	For the three and nine months ended September 30, 2014, 557,240 shares of our common stock equivalents issued under our stock-based compensation arrangements were not included in the calculation of diluted net income per share as of such date because they were anti-dilutive. As a result of our net loss for the three and nine months ended September 30, 2013, 43,289,967 shares of our common stock equivalents issued under our stock-based compensation arrangements and convertible debt were not included in the calculation of diluted net loss per share as of such date because they were anti-dilutive.

Note_1_Condensed_Consolidated_3

Note 1 - Condensed Consolidated Financial Statements - Basis of Presentation and Business Overview Capital and Liquidity (Details) (USD $)

9 Months Ended

1 Months Ended

1 Months Ended

76 Months Ended

1 Months Ended

9 Months Ended

9 Months Ended

Share data in Thousands, except Per Share data, unless otherwise specified

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Jun. 30, 2014

Sep. 30, 2014

Jul. 31, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

31-May-14

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

segment

Senior Notes Due 2019 [Member]

Senior Notes Due 2015

Mortgage Insurance Segment

Radian Asset Assurance [Member]

Radian Asset Assurance [Member]

Radian Asset Assurance [Member]

Parent Company

Minimum [Member]

Maximum [Member]

Less Than [Member]

Common Stock

Common Stock

State Insurance Regulations [Member]

Non RBC States [Member]

Non RBC States [Member]

Primary Mortgage Product [Member]

Bank of America Settlement Agreement [Member]

Mortgage Insurance Segment

Mortgage Insurance Segment

Minimum [Member]

Maximum [Member]

Mortgage Insurance Segment

Mortgage Insurance Segment

state

servicers

Basis of Presentation and Business Overview [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Equity Method Investment, Ownership Percentage

'

'

'

'

'

'

'

'

'

20.00%

50.00%

'

'

'

'

'

'

'

'

Business Overview [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Operating Segments

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Mortgage Insurance [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Private Mortgage Insurance Protects Lenders For Loans Made With This Maximum Downpayment Percentage

'

'

'

'

20.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage Of Primary Insurance On Domestic First-Lien Mortgages To Total Risk In Force

'

'

'

'

96.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

First Lien Primary Mortgage Insurance Risk In Force

'

'

'

'

$44,000,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage Of Pool Insurance On Domestic First-Lien Mortgages To Total Risk In Force

'

'

'

'

3.30%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

NonTraditional Risk In Force

'

'

'

'

79,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage Of Non-Traditional RIF To Total RIF

'

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

BAC Settlement Agreement [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Servicers With Which the Entity is in Settlement Discussions With

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1

Loss Contingency, Settlement Agreement, Percentage of Subject Loans Not Held by Insureds or Are Non-GSE Investors

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

12.00%

Business Conditions [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of Legacy Portfolio Risk in Force to Total Risk in Force

'

'

'

'

33.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of Portfolio Risk in Force Originated Since 2009 to Total Risk in Force

'

'

'

'

67.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage Decrease In New Defaults

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

20.00%

'

Maximum Loan To Value Percentage For G.S.E. Acquired Loans

'

'

'

'

80.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Minimum Percentage Of The Loans In Excess Of An 80% L.T.V. Which Must Be Retained By The Mortgage Originator Or Seller

'

'

'

'

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Days Until Eligibility Requirements Become Effective After Final Publication

'180 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Transition Period for Compliance to New Eligibility Requirements

'2 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number Of States That Have A Statutory Or Regulatory Risk Based Capital Requirement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

16

'

'

'

'

Risk To Capital Ratio, Regulatory Maximum

25

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Capital Required for Capital Adequacy

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000

5,000,000

'

'

Capital and Liquidity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage Reduction Of Net Par Outstanding

'

'

'

'

'

'

83.00%

'

'

'

'

'

'

'

'

'

'

'

'

Net Par Outstanding

'

'

'

'

'

'

19,400,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Statutory Accounting Practices, Dividends Paid with Approval of Regulatory Agency

'

'

'

'

'

150,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Statutory capital

'

'

'

'

'

'

1,033,100,000

1,198,000,000

'

'

'

'

'

'

'

'

'

'

'

Proceeds from Issuance of Debt

'

'

293,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common Stock, Shares, Issued

'

'

'

'

'

'

'

'

'

'

'

'

17,825

'

'

'

'

'

'

Shares Issued, Price Per Share

'

'

'

'

'

'

'

'

'

'

'

'

$14.50

'

'

'

'

'

'

Issuance of common stock

247,188,000

299,410,000

'

'

'

'

'

'

'

'

'

'

'

247,200,000

'

'

'

'

'

Extinguishment of Debt, Amount

'

'

'

54,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repayments of Long-term Debt

57,223,000

79,372,000

'

57,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gains (Losses) on Extinguishment of Debt

'

'

'

-2,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unrestricted Cash And Liquid Investments Including Activity After The Balance Sheet Date

'

'

'

'

'

'

'

'

$762,000,000

'

'

'

'

'

'

'

'

'

'

Note_1_Condensed_Consolidated_4

Note 1 - Condensed Consolidated Financial Statements - Basis of Presentation and Business Overview Purchase Price Allocation Table (Details) (USD $)	3 Months Ended		9 Months Ended				0 Months Ended	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2014
						Pro Forma [Member]	Clayton Holdings, LLC [Member]	Clayton Holdings, LLC [Member]	Clayton Holdings, LLC [Member]	Clayton Holdings, LLC [Member]	Clayton Holdings, LLC [Member]
											Pro Forma [Member]
Business Acquisition [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Payments to Acquire Businesses, Gross	'	'	'	'	'	'	$312,000,000	'	'	'	'
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	'	'	'	'	'	'	'	'	'	152,400,000	'
Goodwill, Acquired During Period	194,026,000	'	194,026,000	'	2,100,000	'	'	'	'	191,932,000	'
Business Acquisition, Goodwill, Expected Tax Deductible Amount	'	'	'	'	'	191,000,000	'	'	'	'	189,000,000
Business Acquisition, Goodwill, Expected Number of Years For Tax Deduction	'	'	'	'	'	'	'	'	'15 years	'	'
Business Combination, Acquisition Related Costs	-432,000	0	6,300,000	0	'	'	'	-400,000	6,300,000	'	'
Business Acquisition, Percentage of Voting Interests Acquired	'	'	'	'	'	'	'	'	'	100.00%	'
Cash	'	'	'	'	'	'	'	'	'	16,521,000	'
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Restricted Cash	'	'	'	'	'	'	'	'	'	1,591,000	'
Business Combination, Acquired Receivables, Fair Value	'	'	'	'	'	'	'	'	'	11,236,000	'
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	'	'	'	'	'	'	'	'	'	2,419,000	'
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	'	'	'	'	'	'	'	'	'	102,750,000	'
Business Combination, Other Assets, Fair Value	'	'	'	'	'	'	'	'	'	17,852,000	'
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	'	'	'	'	'	'	'	'	'	31,803,000	'
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	'	'	'	'	'	'	'	'	'	$312,498,000	'

Note_2_Segment_Reporting_Sched

Note 2 - Segment Reporting Schedule of Segment Reporting Information by Segment (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]	'	'	'	'	'	'	'	'
Net premiums earned-insurance	$227,156,000	$211,984,000	$646,935,000	$617,696,000	'	'	'	'
Net premiums earned on derivatives	2,882,000	4,170,000	9,673,000	14,019,000	'	'	'	'
Services revenue	42,243,000	0	42,243,000	0	'	'	'	'
Direct cost of services	23,896,000	0	23,896,000	0	'	'	'	'
Net investment income	26,178,000	26,732,000	76,144,000	81,220,000	'	'	'	'
Other income	1,171,000	1,314,000	4,115,000	5,319,000	'	'	'	'
Policyholder Benefits and Claims Incurred, Net and Including Change in Reserves for Premium Deficiency	42,526,000	154,849,000	167,527,000	427,821,000	'	'	'	'
Estimated present value of net credit losses (recoveries) incurred	-665,000	3,273,000	10,432,000	-166,000	'	'	'	'
Policy acquisition costs	6,034,000	7,958,000	23,069,000	35,159,000	'	'	'	'
Other operating expenses	56,262,000	70,974,000	181,722,000	212,055,000	'	'	'	'
Interest expense	23,989,000	19,570,000	66,264,000	54,871,000	'	'	'	'
Equity in net (loss) income of affiliates	0	0	-13,000	1,000	'	'	'	'
Adjusted pretax operating income (loss)	147,156,000	-12,424,000	312,487,000	-11,485,000	'	'	'	'
Cash and investments	5,007,309,000	5,060,645,000	5,007,309,000	5,060,645,000	'	'	'	'
Restricted cash	16,509,000	22,991,000	16,509,000	22,991,000	'	22,527,000	'	'
Deferred policy acquisition costs	60,140,000	68,461,000	60,140,000	68,461,000	'	66,926,000	'	'
Goodwill	194,026,000	'	194,026,000	'	'	2,100,000	'	'
Other intangible assets, net	99,606,000	'	99,606,000	'	'	'	'	'
Total assets	5,959,691,000	5,758,573,000	5,959,691,000	5,758,573,000	'	5,621,691,000	'	'
Unearned premiums	796,742,000	751,587,000	796,742,000	751,587,000	'	768,871,000	'	'
Reserve for losses and LAE	1,620,351,000	2,346,879,000	1,620,351,000	2,346,879,000	'	2,185,421,000	'	'
VIE debt	91,232,000	104,218,000	91,232,000	104,218,000	'	94,645,000	'	'
Derivative liabilities	185,258,000	344,870,000	185,258,000	344,870,000	'	307,185,000	'	'
Mortgage Insurance Segment	'	'	'	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'	'	'	'
Net premiums written—insurance	245,775,000	250,799,000	680,675,000	719,244,000	'	'	'	'
Increase in unearned premiums	-27,948,000	-50,679,000	-60,440,000	-138,180,000	'	'	'	'
Net premiums earned-insurance	217,827,000	200,120,000	620,235,000	581,064,000	'	'	'	'
Net premiums earned on derivatives	0	0	0	0	'	'	'	'
Net investment income	15,904,000	14,868,000	45,196,000	45,236,000	'	'	'	'
Other income	1,130,000	1,250,000	3,813,000	5,121,000	'	'	'	'
Revenue Non GAAP Basis	234,861,000	216,238,000	669,244,000	631,421,000	'	'	'	'
Policyholder Benefits and Claims Incurred, Net and Including Change in Reserves for Premium Deficiency	48,942,000	149,687,000	163,216,000	418,675,000	'	'	'	'
Estimated present value of net credit losses (recoveries) incurred	-190,000	-74,000	129,000	-50,000	'	'	'	'
Policy acquisition costs	4,240,000	5,839,000	18,003,000	24,072,000	'	'	'	'
Other operating expenses	41,368,000	59,590,000	141,333,000	176,665,000	'	'	'	'
Interest expense	7,936,000	4,447,000	19,713,000	10,820,000	'	'	'	'
Total Expenses Non-GAAP	102,296,000	219,489,000	342,394,000	630,182,000	'	'	'	'
Adjusted pretax operating income (loss)	132,565,000	-3,251,000	326,850,000	1,239,000	'	'	'	'
New Insurance Written	11,210,000,000	13,720,000,000	27,340,000,000	38,003,000,000	'	'	'	'
Cash and investments	3,017,737,000	2,767,160,000	3,017,737,000	2,767,160,000	'	'	'	'
Restricted cash	11,574,000	22,890,000	11,574,000	22,890,000	'	'	'	'
Deferred policy acquisition costs	27,595,000	29,158,000	27,595,000	29,158,000	'	'	'	'
Goodwill	2,095,000	'	2,095,000	'	'	'	'	'
Other intangible assets, net	154,000	'	154,000	'	'	'	'	'
Total assets	3,447,406,000	3,238,224,000	3,447,406,000	3,238,224,000	'	'	'	'
Unearned premiums	625,269,000	535,420,000	625,269,000	535,420,000	'	'	'	'
Reserve for losses and LAE	1,588,131,000	2,314,785,000	1,588,131,000	2,314,785,000	1,714,681,000	2,164,353,000	2,690,861,000	3,083,608,000
VIE debt	3,196,000	11,109,000	3,196,000	11,109,000	'	'	'	'
Derivative liabilities	0	0	0	0	'	'	'	'
Financial Guaranty Segment	'	'	'	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'	'	'	'
Net premiums written—insurance	-1,523,000	43,000	-350,000	-9,988,000	'	'	'	'
Increase in unearned premiums	10,852,000	11,821,000	27,050,000	46,620,000	'	'	'	'
Net premiums earned-insurance	9,329,000	11,864,000	26,700,000	36,632,000	'	'	'	'
Net premiums earned on derivatives	2,882,000	4,170,000	9,673,000	14,019,000	'	'	'	'
Net investment income	10,274,000	11,864,000	30,948,000	35,984,000	'	'	'	'
Other income	41,000	64,000	302,000	198,000	'	'	'	'
Revenue Non GAAP Basis	22,526,000	27,962,000	67,623,000	86,833,000	'	'	'	'
Provision for losses	-6,416,000	5,162,000	4,311,000	9,146,000	'	'	'	'
Estimated present value of net credit losses (recoveries) incurred	-475,000	3,347,000	10,303,000	-116,000	'	'	'	'
Policy acquisition costs	1,794,000	2,119,000	5,066,000	11,087,000	'	'	'	'
Other operating expenses	6,663,000	11,384,000	25,426,000	35,390,000	'	'	'	'
Interest expense	11,629,000	15,123,000	42,127,000	44,051,000	'	'	'	'
Total Expenses Non-GAAP	13,195,000	37,135,000	87,233,000	99,558,000	'	'	'	'
Equity in net (loss) income of affiliates	0	0	-13,000	1,000	'	'	'	'
Adjusted pretax operating income (loss)	9,331,000	-9,173,000	-19,623,000	-12,724,000	'	'	'	'
Cash and investments	1,978,972,000	2,293,485,000	1,978,972,000	2,293,485,000	'	'	'	'
Restricted cash	73,000	101,000	73,000	101,000	'	'	'	'
Deferred policy acquisition costs	32,545,000	39,303,000	32,545,000	39,303,000	'	'	'	'
Goodwill	0	'	0	'	'	'	'	'
Other intangible assets, net	0	'	0	'	'	'	'	'
Total assets	2,175,773,000	2,520,349,000	2,175,773,000	2,520,349,000	'	'	'	'
Unearned premiums	171,473,000	216,167,000	171,473,000	216,167,000	'	'	'	'
Reserve for losses and LAE	32,220,000	32,094,000	32,220,000	32,094,000	'	'	'	'
VIE debt	88,036,000	93,109,000	88,036,000	93,109,000	'	'	'	'
Derivative liabilities	185,258,000	344,870,000	185,258,000	344,870,000	'	'	'	'
Mortgage and Real Estate Services Segment [Member]	'	'	'	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'	'	'	'
Services revenue	42,243,000	'	42,243,000	'	'	'	'	'
Direct cost of services	23,896,000	'	23,896,000	'	'	'	'	'
Gross Profit	18,347,000	'	18,347,000	'	'	'	'	'
Other operating expenses	8,663,000	'	8,663,000	'	'	'	'	'
Interest expense	4,424,000	'	4,424,000	'	'	'	'	'
Total Expenses Non-GAAP	13,087,000	'	13,087,000	'	'	'	'	'
Adjusted pretax operating income (loss)	5,260,000	0	5,260,000	0	'	'	'	'
Cash and investments	10,600,000	'	10,600,000	'	'	'	'	'
Restricted cash	4,862,000	'	4,862,000	'	'	'	'	'
Deferred policy acquisition costs	0	'	0	'	'	'	'	'
Goodwill	191,931,000	'	191,931,000	'	'	'	'	'
Other intangible assets, net	99,452,000	'	99,452,000	'	'	'	'	'
Total assets	336,512,000	'	336,512,000	'	'	'	'	'
Unearned premiums	0	'	0	'	'	'	'	'
Reserve for losses and LAE	0	'	0	'	'	'	'	'
VIE debt	0	'	0	'	'	'	'	'
Derivative liabilities	$0	'	$0	'	'	'	'	'

Note_2_Segment_Reporting_Recon

Note 2 - Segment Reporting Reconciliation of Segment to Consolidated Results Pretax (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]	'	'	'	'
Adjusted pretax operating income (loss)	$147,156	($12,424)	$312,487	($11,485)
Change in fair value of derivative instruments	19,360	10,778	126,923	-70,357
Estimated present value of net credit (losses) recoveries incurred	665	-3,273	-10,432	166
Net premiums earned on derivatives	2,882	4,170	9,673	14,019
Change in Fair Value of Derivative Instruments Expected to Reverse Over Time	15,813	9,881	127,682	-84,542
Net (losses) gains on investments	-7,839	-7,132	103,831	-142,891
Net gains (losses) on other financial instruments	982	902	-229	-3,585
Business Combination, Acquisition Related Costs	432	0	-6,300	0
Amortization of intangible assets	-3,294	0	-3,294	0
Pretax income (loss)	153,250	-8,773	534,177	-242,503
Provision (benefit) for income taxes	-340	3,909	2,995	-9,149
Net income (loss)	153,590	-12,682	531,182	-233,354
Mortgage Insurance Segment	'	'	'	'
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]	'	'	'	'
Adjusted pretax operating income (loss)	132,565	-3,251	326,850	1,239
Estimated present value of net credit (losses) recoveries incurred	190	74	-129	50
Net premiums earned on derivatives	0	0	0	0
Financial Guaranty Segment	'	'	'	'
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]	'	'	'	'
Adjusted pretax operating income (loss)	9,331	-9,173	-19,623	-12,724
Estimated present value of net credit (losses) recoveries incurred	475	-3,347	-10,303	116
Net premiums earned on derivatives	2,882	4,170	9,673	14,019
Mortgage and Real Estate Services Segment [Member]	'	'	'	'
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]	'	'	'	'
Adjusted pretax operating income (loss)	$5,260	$0	$5,260	$0

Note_3_Derivative_Instruments_3

Note 3 - Derivative Instruments Fair Values Derivatives, Balance Sheet Location by Derivative Contract Type (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Dec. 31, 2013	Sep. 30, 2013
Derivatives, Fair Value [Line Items]	'		'	'
Derivative, Remaining Maturity	'4 years		'	'
Derivative Assets	$24,213		$16,642	'
Derivative liabilities	185,258		307,185	344,870
Financial Guaranty Credit Derivatives [Member]	'		'	'
Derivatives, Fair Value [Line Items]	'		'	'
Derivative Assets	6,102		6,323	'
Derivative liabilities	138,605		238,728	'
Other Credit Derivatives [Member]	'		'	'
Derivatives, Fair Value [Line Items]	'		'	'
Derivative Assets	18,111		10,319	'
Derivative liabilities, net	18,111	[1]	'	'
Financial Guaranty VIE Derivative Liabilities [Member]	'		'	'
Derivatives, Fair Value [Line Items]	'		'	'
Derivative liabilities	46,653		68,457	'
Derivative liabilities, net	-46,653	[2]	'	'
Radian Group Consolidated [Member]	'		'	'
Derivatives, Fair Value [Line Items]	'		'	'
Derivative Assets	24,213		16,642	'
Derivative liabilities	185,258		307,185	'
Derivative liabilities, net	($161,045)		($290,543)	'
[1]	Represents derivative assets related to other purchased derivatives for which we do not have loss exposure that exceeds our net asset amount.
[2]	Represents the fair value of a CDS included in a VIE that we have consolidated.

Note_3_Derivative_Instruments_4

Note 3 - Derivative Instruments Change in Fair Value of Derivative Instruments (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Change in fair value of derivative instruments	$19,360	$10,778	$126,923	($70,357)
Net Premiums Earned On Derivatives [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Change in fair value of derivative instruments	2,882	4,170	9,673	14,019
Financial Guaranty Credit Derivatives [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Change in fair value of derivative instruments	8,979	9,198	97,521	-86,233
Financial Guaranty VIE Derivative Liabilities [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Change in fair value of derivative instruments	4,982	-4,026	20,123	513
Other derivatives [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Change in fair value of derivative instruments	2,517	1,436	-394	1,344
Radian Group Consolidated [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Change in fair value of derivative instruments	$19,360	$10,778	$126,923	($70,357)

Note_3_Derivative_Instruments_5

Note 3 - Derivative Instruments Derivative Contract (Details) (USD $)	Sep. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified	contract
Corporate collateralized debt obligations (CDO's)[Member]	'		'
Derivative [Line Items]	'		'
Number of Credit Risk Derivatives Held	14		'
Derivative, Notional Amount	$6,060,500		'
Derivative assets (liabilities), at fair value, net	-423		'
Non Corporate CDOs and other derivative transactions[Member]	'		'
Derivative [Line Items]	'		'
Number of Credit Risk Derivatives Held	32		'
Derivative, Notional Amount	2,754,531		'
Derivative assets (liabilities), at fair value, net	-122,591		'
Trust Preferred Securities (TruPs) [Member]	'		'
Derivative [Line Items]	'		'
Number of Credit Risk Derivatives Held	9		'
Derivative, Notional Amount	816,257		'
Derivative assets (liabilities), at fair value, net	-18,378		'
CDOs of commercial mortgage backed securities (CMBS)[Member]	'		'
Derivative [Line Items]	'		'
Number of Credit Risk Derivatives Held	1		'
Derivative, Notional Amount	430,000		'
Derivative assets (liabilities), at fair value, net	-39,341		'
Structured finance [Member]	'		'
Derivative [Line Items]	'		'
Number of Credit Risk Derivatives Held	3		'
Derivative, Notional Amount	436,865		'
Derivative assets (liabilities), at fair value, net	-39,728		'
Public finance [Member]	'		'
Derivative [Line Items]	'		'
Number of Credit Risk Derivatives Held	19		'
Derivative, Notional Amount	1,071,409		'
Derivative assets (liabilities), at fair value, net	-25,144		'
Total Assumed [Member]	'		'
Derivative [Line Items]	'		'
Number of Credit Risk Derivatives Held	25		'
Derivative, Notional Amount	223,127		'
Derivative assets (liabilities), at fair value, net	-9,489		'
Assumed structured finance [Member]	'		'
Derivative [Line Items]	'		'
Number of Credit Risk Derivatives Held	21		'
Derivative, Notional Amount	128,112		'
Derivative assets (liabilities), at fair value, net	-9,185		'
Assumed public finance [Member]	'		'
Derivative [Line Items]	'		'
Number of Credit Risk Derivatives Held	4		'
Derivative, Notional Amount	95,015		'
Derivative assets (liabilities), at fair value, net	-304		'
Financial Guaranty VIE derivative liabilities [Member]	'		'
Derivative [Line Items]	'		'
Number of Credit Risk Derivatives Held	1	[1]	'
Derivative, Notional Amount	79,473	[1]	'
Derivative assets (liabilities), at fair value, net	-46,653	[1]	'
Other Credit Derivatives [Member]	'		'
Derivative [Line Items]	'		'
Number of Credit Risk Derivatives Held	3	[2]	'
Derivative, Notional Amount	0	[2]	'
Derivative assets (liabilities), at fair value, net	18,111	[2]	'
Radian Group Consolidated [Member]	'		'
Derivative [Line Items]	'		'
Number of Credit Risk Derivatives Held	75		'
Derivative, Notional Amount	9,117,631		12,300,000
Derivative assets (liabilities), at fair value, net	($161,045)		($290,543)
[1]	Represents the fair value of a CDS included in a VIE that we have consolidated.
[2]	Represents derivative assets related to other purchased derivatives for which we do not have loss exposure that exceeds our net asset amount.

Note_4_Fair_Value_of_Financial3

Note 4 - Fair Value of Financial Instruments Fair Value Assets Liabilities by Hierarchy Level (Details) (USD $)	Sep. 30, 2014		Dec. 31, 2013		Sep. 30, 2013
Fair Value by Hierarchy Level [Line Items]	'		'		'
Held-to-maturity securities, amortized cost	$50,000		$358,000		'
Derivative Assets	24,213,000		16,642,000		'
Derivative liabilities	185,258,000		307,185,000		344,870,000
VIE debt—at fair value	91,232,000		94,645,000		104,218,000
Carrying (Reported) Amount, Fair Value Disclosure [Member]	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Held-to-maturity securities, amortized cost	100,000		400,000		'
Other Invested Assets, Carrying Amount	39,600,000		47,400,000		'
Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	4,935,700,000	[1]	4,883,400,000	[2]	'
Derivative Assets	24,200,000		16,600,000		'
Other Assets	88,100,000	[3]	91,900,000	[3]	'
Total Assets at Fair Value	5,048,000,000		4,991,900,000		'
Derivative liabilities	185,300,000		307,200,000		'
VIE debt—at fair value	91,200,000	[4]	94,600,000	[5]	'
Total Liabilities at Fair Value	276,500,000		401,800,000		'
US government and agency securities | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	1,329,200,000		1,157,900,000		'
State and municipal obligations | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	633,100,000		621,000,000		'
Money market instruments | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	740,100,000		672,600,000		'
Corporate bonds and notes | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	1,007,300,000		1,036,600,000		'
RMBS | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	299,300,000		560,400,000		'
CMBS | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	303,800,000		288,900,000		'
Other ABS | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	261,500,000		195,800,000		'
Foreign government securities | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	43,400,000		40,700,000		'
Equity securities | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	233,000,000	[6]	225,800,000	[7]	'
Other investments | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	85,000,000	[8]	83,700,000	[9]	'
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	1,886,100,000	[1]	1,555,900,000	[2]	'
Derivative Assets	0		0		'
Other Assets	0	[3]	0	[3]	'
Total Assets at Fair Value	1,886,100,000		1,555,900,000		'
Derivative liabilities	0		0		'
VIE debt—at fair value	0	[4]	0	[5]	'
Total Liabilities at Fair Value	0		0		'
Fair Value, Inputs, Level 1 | US government and agency securities | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	1,009,000,000		755,000,000		'
Fair Value, Inputs, Level 1 | State and municipal obligations | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	0		0		'
Fair Value, Inputs, Level 1 | Money market instruments | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	740,100,000		672,600,000		'
Fair Value, Inputs, Level 1 | Corporate bonds and notes | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	0		0		'
Fair Value, Inputs, Level 1 | RMBS | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	0		0		'
Fair Value, Inputs, Level 1 | CMBS | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	0		0		'
Fair Value, Inputs, Level 1 | Other ABS | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	0		0		'
Fair Value, Inputs, Level 1 | Foreign government securities | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	0		0		'
Fair Value, Inputs, Level 1 | Equity securities | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	137,000,000	[6]	128,300,000	[7]	'
Fair Value, Inputs, Level 1 | Other investments | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	0	[8]	0	[9]	'
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	2,947,900,000	[1]	3,226,000,000	[2]	'
Derivative Assets	18,100,000		10,300,000		'
Other Assets	0	[3]	0	[3]	'
Total Assets at Fair Value	2,966,000,000		3,236,300,000		'
Derivative liabilities	0		0		'
VIE debt—at fair value	0	[4]	0	[5]	'
Total Liabilities at Fair Value	0		0		'
Fair Value, Inputs, Level 2 | US government and agency securities | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	320,200,000		402,900,000		'
Fair Value, Inputs, Level 2 | State and municipal obligations | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	614,300,000		602,300,000		'
Fair Value, Inputs, Level 2 | Money market instruments | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	0		0		'
Fair Value, Inputs, Level 2 | Corporate bonds and notes | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	1,007,300,000		1,036,600,000		'
Fair Value, Inputs, Level 2 | RMBS | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	299,300,000		560,400,000		'
Fair Value, Inputs, Level 2 | CMBS | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	303,800,000		288,900,000		'
Fair Value, Inputs, Level 2 | Other ABS | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	261,500,000		194,900,000		'
Fair Value, Inputs, Level 2 | Foreign government securities | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	43,400,000		40,700,000		'
Fair Value, Inputs, Level 2 | Equity securities | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	96,000,000	[6]	97,100,000	[7]	'
Fair Value, Inputs, Level 2 | Other investments | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	2,100,000	[8]	2,200,000	[9]	'
Fair Value, Inputs, Level 2 | Trust Preferred Securities [Member] | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	500,000		600,000		'
Fair Value, Inputs, Level 2 | Short Term CDs | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	1,600,000		1,600,000		'
Fair Value, Inputs, Level 3	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Number Of Consolidated Other Financial Guaranty Transactions	2		2		'
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	101,700,000	[1]	101,500,000	[2]	'
Derivative Assets	6,100,000		6,300,000		'
Other Assets	88,100,000	[3]	91,900,000	[3]	'
Total Assets at Fair Value	195,900,000		199,700,000		'
Derivative liabilities	185,300,000		307,200,000		'
VIE debt—at fair value	91,200,000	[4]	94,600,000	[5]	'
Total Liabilities at Fair Value	276,500,000		401,800,000		'
Total Level III Assets	3.90%		4.00%		'
Total Level III Liabilities	100.00%		100.00%		'
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | NIMS VIEs [Member]	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
VIE debt—at fair value	3,200,000		2,800,000		'
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Consolidated Financial Guaranty Insurance Contracts [Member]	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
VIE debt—at fair value	88,000,000		91,800,000		'
Fair Value, Inputs, Level 3 | US government and agency securities | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	0		0		'
Fair Value, Inputs, Level 3 | State and municipal obligations | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	18,800,000		18,700,000		'
Fair Value, Inputs, Level 3 | Money market instruments | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	0		0		'
Fair Value, Inputs, Level 3 | Corporate bonds and notes | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	0		0		'
Fair Value, Inputs, Level 3 | RMBS | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	0		0		'
Fair Value, Inputs, Level 3 | CMBS | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	0		0		'
Fair Value, Inputs, Level 3 | Other ABS | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	0		900,000		'
Fair Value, Inputs, Level 3 | Foreign government securities | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	0		0		'
Fair Value, Inputs, Level 3 | Equity securities | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	0	[6]	400,000	[7]	'
Fair Value, Inputs, Level 3 | Other investments | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	82,900,000	[8]	81,500,000	[9]	'
Fair Value, Inputs, Level 3 | Trust Preferred Securities [Member] | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	200,000		200,000		'
Fair Value, Inputs, Level 3 | Lottery Annuities | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	200,000		300,000		'
Fair Value, Inputs, Level 3 | Guaranteed Investment Contract Held by a Consolidated VIE [Member] | Fair Value, Measurements, Recurring	'		'		'
Fair Value by Hierarchy Level [Line Items]	'		'		'
Total Investments at Fair Value	$82,500,000		$81,000,000		'
[1]	Does not include fixed-maturities held to maturity ($0.1 million) and certain other invested assets ($39.6 million), primarily invested in limited partnerships, accounted for as cost-method investments and not measured at fair value.
[2]	Does not include fixed-maturities held to maturity ($0.4 million) and certain other invested assets ($47.4 million), primarily invested in limited partnerships, accounted for as cost-method investments and not measured at fair value.
[3]	Primarily comprising manufactured housing loan collateral related to two consolidated financial guaranty VIEs.
[4]	Comprising consolidated debt related to NIMS VIEs ($3.2 million) and financial guaranty VIEs ($88.0 million).
[5]	Comprising consolidated debt related to NIMS VIEs ($2.8 million) and financial guaranty VIEs ($91.8 million).
[6]	Comprising broadly diversified domestic equity mutual funds included within Level I and various preferred and common stocks invested across numerous companies and industries included within Level II.
[7]	Comprising broadly diversified domestic equity mutual funds included within Level I and various preferred and common stocks invested across numerous companies and industries included within Levels II and III.
[8]	Comprising TruPs ($0.5 million) and short-term certificates of deposit ($1.6 million) included within Level II and lottery annuities ($0.2 million), TruPs ($0.2 million), and a guaranteed investment contract held by a consolidated VIE ($82.5 million) within Level III.
[9]	Comprising TruPs ($0.6 million) and short-term certificates of deposit ($1.6 million) included within Level II and lottery annuities ($0.3 million), TruPs ($0.2 million), and a guaranteed investment contract held by a consolidated VIE ($81.0 million) within Level III.

Note_4_Fair_Value_of_Financial4

Note 4 - Fair Value of Financial Instruments Impact of Non-Performance Risk on Fair Value Disclosure (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014		Dec. 31, 2013		Sep. 30, 2013	Dec. 31, 2012
	basispoint		basispoint		basispoint	basispoint
Five Year CDS Spread Details [Abstract]	'		'		'	'
Derivative Liability, Fair Value, Gross Liability	$298.50		445.1		'	'
Derivative Credit Risk Valuation Adjustment, Derivative Liabilities	162.8		209.9		'	'
Derivative liabilities, net	135.7		235.2		'	'
Fair Value, Concentration of Risk, Market Risk Management, Additional Details [Member]	'		'		'	'
Five Year CDS Spread Details [Abstract]	'		'		'	'
Radian Group's five year CDS Spread (in basis points)	317		323		419	913
Number of Years for CDS Spread Related to Non Performance Risk In Fair Value Disclosure	'5 years		'		'	'
Market View Of The Probability That Registrant Will Default In The Next Five Years	22.60%		22.90%		'	'
Number Of Years In Which The Market Believes Radian Group Will Default	'5 years		'		'	'
Change in Impact of Non Performance Risk on Fair Value of Financial Instruments	47.1		'		'	'
Corporate Collateralized Debt Obligations [Member]	'		'		'	'
Five Year CDS Spread Details [Abstract]	'		'		'	'
Derivative Liability, Fair Value, Gross Liability	16		30.4		'	'
Derivative Credit Risk Valuation Adjustment, Derivative Liabilities	15.6		29		'	'
Derivative liabilities, net	0.4		1.4		'	'
Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]	'		'		'	'
Five Year CDS Spread Details [Abstract]	'		'		'	'
Derivative Liability, Fair Value, Gross Liability	276.9	[1]	409.7	[1]	'	'
Derivative Credit Risk Valuation Adjustment, Derivative Liabilities	144.8	[1]	178.7	[1]	'	'
Derivative liabilities, net	132.1	[1]	231	[1]	'	'
NIMS Related [Member]	'		'		'	'
Five Year CDS Spread Details [Abstract]	'		'		'	'
Derivative Liability, Fair Value, Gross Liability	5.6	[2]	5	[2]	'	'
Derivative Credit Risk Valuation Adjustment, Derivative Liabilities	2.4	[2]	2.2	[2]	'	'
Derivative liabilities, net	$3.20	[2]	2.8	[2]	'	'
[1]	Includes the net fair value liability recorded within derivative assets and derivative liabilities and the net fair value liabilities included in our consolidated VIEs.
[2]	Includes NIMS VIE debt.

Note_4_Fair_Value_of_Financial5

Note 4 - Fair Value of Financial Instruments Rollforward of Level III Assets and Liabilities Fair Value Disclosure (Details) (Fair Value, Measurements, Recurring, USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Fair Value Level III Assets and Liabilities [Roll Forward]	'		'		'		'
Fair Value, Transfers Between Level 1 And Level 2, Amount	$0		$0		$0		$0
Derivative liabilities net [Member] | Fair Value, Inputs, Level 3	'		'		'		'
Fair Value Level III Assets and Liabilities [Roll Forward]	'		'		'		'
Beginning Balance Level III Liabilities	193,800,000		343,600,000		300,900,000		254,900,000
Realized and Unrealized Gains (Losses) Included in Earnings Level III Liabilities	18,500,000	[1]	11,400,000	[2]	129,000,000	[3]	-69,700,000	[4]
Realized and unrealized gains (losses) included in OCI	0		0		0		0
Purchases Level III Liabilities	0		0		0		0
Sales Level III Liabilities	0		0		0		0
Issuances Level III Liabilities	0		0		0		0
Settlements Level III Liabilities	-3,900,000		-5,300,000		-7,300,000		-12,900,000
Transfers Into (Out of) Level III Liabilities	0	[5]	0	[5]	0	[5]	0	[5]
Ending Balance Level III Liabilities	179,200,000		337,500,000		179,200,000		337,500,000
VIE debt | Fair Value, Inputs, Level 3	'		'		'		'
Fair Value Level III Assets and Liabilities [Roll Forward]	'		'		'		'
Beginning Balance Level III Liabilities	93,600,000		106,800,000		94,600,000		108,900,000
Realized and Unrealized Gains (Losses) Included in Earnings Level III Liabilities	-1,600,000	[1]	-1,800,000	[2]	-8,900,000	[3]	-9,000,000	[4]
Realized and unrealized gains (losses) included in OCI	0		0		0		0
Purchases Level III Liabilities	0		0		0		0
Sales Level III Liabilities	0		0		0		0
Issuances Level III Liabilities	0		0		0		0
Settlements Level III Liabilities	4,000,000		4,400,000		12,300,000		13,700,000
Transfers Into (Out of) Level III Liabilities	0	[5]	0	[5]	0	[5]	0	[5]
Ending Balance Level III Liabilities	91,200,000		104,200,000		91,200,000		104,200,000
Unrealized Gains (Losses) Recorded in Earnings on Level III Liabilities Still Held	-900,000		-1,000,000		-6,800,000		-6,400,000
Total Level III liabilities net [Member] | Fair Value, Inputs, Level 3	'		'		'		'
Fair Value Level III Assets and Liabilities [Roll Forward]	'		'		'		'
Beginning Balance Level III Liabilities	287,400,000		450,400,000		395,500,000		363,800,000
Realized and Unrealized Gains (Losses) Included in Earnings Level III Liabilities	16,900,000	[1]	9,600,000	[2]	120,100,000	[3]	-78,700,000	[4]
Realized and unrealized gains (losses) included in OCI	0		0		0		0
Purchases Level III Liabilities	0		0		0		0
Sales Level III Liabilities	0		0		0		0
Issuances Level III Liabilities	0		0		0		0
Settlements Level III Liabilities	100,000		-900,000		5,000,000		800,000
Transfers Into (Out of) Level III Liabilities	0	[5]	0	[5]	0	[5]	0	[5]
Ending Balance Level III Liabilities	270,400,000		441,700,000		270,400,000		441,700,000
Derivative Financial Instruments, Liabilities [Member] | Fair Value, Inputs, Level 3	'		'		'		'
Fair Value Level III Assets and Liabilities [Roll Forward]	'		'		'		'
Unrealized Gains (Losses) Recorded in Earnings on Level III Liabilities Still Held	14,400,000		5,900,000		100,800,000		-83,500,000
State and municipal obligations | Fair Value, Inputs, Level 3	'		'		'		'
Fair Value Level III Assets and Liabilities [Roll Forward]	'		'		'		'
Beginning Balance Level III Assets	19,500,000		19,400,000		18,700,000		19,000,000
Realized and Unrealized Gains (Losses) Level III Assets Included in Earnings	500,000	[1]	400,000	[2]	1,300,000	[3]	800,000	[4]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0		0		0		0
Purchases Level III Assets	200,000		0		200,000		0
Sales Level III Assets	0		0		0		0
Issuances Level III Assets	0		0		0		0
Settlements Level III Assets	1,400,000		1,400,000		1,400,000		1,400,000
Transfers Into (Out of) Level III Assets	0	[5]	0	[5]	0	[5]	0	[5]
Ending Balance Level III Assets	18,800,000		18,400,000		18,800,000		18,400,000
Corporate Bond and Note Securities [Member] | Fair Value, Inputs, Level 3	'		'		'		'
Fair Value Level III Assets and Liabilities [Roll Forward]	'		'		'		'
Beginning Balance Level III Assets	'		'		'		0
Realized and Unrealized Gains (Losses) Level III Assets Included in Earnings	'		'		'		-100,000	[4]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	'		'		'		0
Purchases Level III Assets	'		'		'		2,700,000
Sales Level III Assets	'		'		'		0
Issuances Level III Assets	'		'		'		0
Settlements Level III Assets	'		'		'		0
Transfers Into (Out of) Level III Assets	'		'		'		-2,600,000	[5],[6]
Ending Balance Level III Assets	'		0		'		0
CMBS | Fair Value, Inputs, Level 3	'		'		'		'
Fair Value Level III Assets and Liabilities [Roll Forward]	'		'		'		'
Beginning Balance Level III Assets	'		'		'		0
Realized and Unrealized Gains (Losses) Level III Assets Included in Earnings	'		'		'		0	[4]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	'		'		'		0
Purchases Level III Assets	'		'		'		3,100,000
Sales Level III Assets	'		'		'		3,100,000
Issuances Level III Assets	'		'		'		0
Settlements Level III Assets	'		'		'		0
Transfers Into (Out of) Level III Assets	'		'		'		0	[5]
Ending Balance Level III Assets	'		0		'		0
Other ABS | Fair Value, Inputs, Level 3	'		'		'		'
Fair Value Level III Assets and Liabilities [Roll Forward]	'		'		'		'
Beginning Balance Level III Assets	74,400,000		1,200,000		900,000		1,700,000
Realized and Unrealized Gains (Losses) Level III Assets Included in Earnings	300,000	[1]	0	[2]	400,000	[3]	0	[4]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	-900,000		0		-1,000,000		0
Purchases Level III Assets	0		0		29,200,000		0
Sales Level III Assets	0		0		0		0
Issuances Level III Assets	0		0		0		0
Settlements Level III Assets	0		200,000		400,000		700,000
Transfers Into (Out of) Level III Assets	-73,800,000	[5],[7]	0	[5]	-29,100,000	[5],[8]	0	[5]
Ending Balance Level III Assets	0		1,000,000		0		1,000,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	'		'		74,300,000	[5],[8]	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	'		'		45,200,000	[5],[8]	'
Equity securities | Fair Value, Inputs, Level 3	'		'		'		'
Fair Value Level III Assets and Liabilities [Roll Forward]	'		'		'		'
Beginning Balance Level III Assets	'		400,000		400,000		1,000,000
Realized and Unrealized Gains (Losses) Level III Assets Included in Earnings	'		0	[2]	-400,000	[3]	0	[4]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	'		0		0		0
Purchases Level III Assets	'		0		0		0
Sales Level III Assets	'		0		0		600,000
Issuances Level III Assets	'		0		0		0
Settlements Level III Assets	'		0		0		0
Transfers Into (Out of) Level III Assets	'		0	[5]	0	[5]	0	[5]
Ending Balance Level III Assets	0		400,000		0		400,000
Other investments | Fair Value, Inputs, Level 3	'		'		'		'
Fair Value Level III Assets and Liabilities [Roll Forward]	'		'		'		'
Beginning Balance Level III Assets	82,800,000		77,400,000		81,500,000		79,000,000
Realized and Unrealized Gains (Losses) Level III Assets Included in Earnings	200,000	[1]	2,300,000	[2]	1,500,000	[3]	400,000	[4]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0		0		0		0
Purchases Level III Assets	0		500,000		0		1,300,000
Sales Level III Assets	0		0		0		100,000
Issuances Level III Assets	0		0		0		0
Settlements Level III Assets	100,000		0		100,000		400,000
Transfers Into (Out of) Level III Assets	0	[5]	0	[5]	0	[5]	0	[5]
Ending Balance Level III Assets	82,900,000		80,200,000		82,900,000		80,200,000
Investments | Fair Value, Inputs, Level 3	'		'		'		'
Fair Value Level III Assets and Liabilities [Roll Forward]	'		'		'		'
Beginning Balance Level III Assets	176,700,000		98,400,000		101,500,000		100,700,000
Realized and Unrealized Gains (Losses) Level III Assets Included in Earnings	1,000,000	[1]	2,700,000	[2]	2,800,000	[3]	1,100,000	[4]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	-900,000		0		-1,000,000		0
Purchases Level III Assets	200,000		500,000		29,400,000		7,100,000
Sales Level III Assets	0		0		0		3,800,000
Issuances Level III Assets	0		0		0		0
Settlements Level III Assets	1,500,000		1,600,000		1,900,000		2,500,000
Transfers Into (Out of) Level III Assets	-73,800,000	[5]	0	[5]	-29,100,000	[5]	-2,600,000	[5]
Ending Balance Level III Assets	101,700,000		100,000,000		101,700,000		100,000,000
Unrealized Gains (Losses) Recorded in Earnings on Level III Assets Still Held	-300,000		2,300,000		100,000		400,000
NIMS derivative assets | Fair Value, Inputs, Level 3	'		'		'		'
Fair Value Level III Assets and Liabilities [Roll Forward]	'		'		'		'
Beginning Balance Level III Assets	'		1,600,000		'		1,600,000
Realized and Unrealized Gains (Losses) Level III Assets Included in Earnings	'		0	[2]	'		0	[4]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	'		0		'		0
Purchases Level III Assets	'		0		'		0
Sales Level III Assets	'		0		'		0
Issuances Level III Assets	'		0		'		0
Settlements Level III Assets	'		0		'		0
Transfers Into (Out of) Level III Assets	'		0	[5]	'		0	[5]
Ending Balance Level III Assets	'		1,600,000		'		1,600,000
Other Assets Excluding NIMS Derivative Assets [Member] | Fair Value, Inputs, Level 3	'		'		'		'
Fair Value Level III Assets and Liabilities [Roll Forward]	'		'		'		'
Beginning Balance Level III Assets	90,400,000		96,000,000		91,900,000		99,200,000
Realized and Unrealized Gains (Losses) Level III Assets Included in Earnings	2,600,000	[1]	2,700,000	[2]	11,500,000	[3]	11,100,000	[4]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	0		0		0		0
Purchases Level III Assets	0		0		0		0
Sales Level III Assets	0		0		0		0
Issuances Level III Assets	0		0		0		0
Settlements Level III Assets	4,900,000		5,500,000		15,300,000		17,100,000
Transfers Into (Out of) Level III Assets	0	[5]	0	[5]	0	[5]	0	[5]
Ending Balance Level III Assets	88,100,000		93,200,000		88,100,000		93,200,000
Unrealized Gains (Losses) Recorded in Earnings on Level III Assets Still Held	600,000		500,000		5,300,000		3,900,000
Total Level III Assets | Fair Value, Inputs, Level 3	'		'		'		'
Fair Value Level III Assets and Liabilities [Roll Forward]	'		'		'		'
Beginning Balance Level III Assets	267,100,000		196,000,000		193,400,000		201,500,000
Realized and Unrealized Gains (Losses) Level III Assets Included in Earnings	3,600,000	[1]	5,400,000	[2]	14,300,000	[3]	12,200,000	[4]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	-900,000		0		-1,000,000		0
Purchases Level III Assets	200,000		500,000		29,400,000		7,100,000
Sales Level III Assets	0		0		0		3,800,000
Issuances Level III Assets	0		0		0		0
Settlements Level III Assets	6,400,000		7,100,000		17,200,000		19,600,000
Transfers Into (Out of) Level III Assets	-73,800,000	[5]	0	[5]	-29,100,000	[5]	-2,600,000	[5]
Ending Balance Level III Assets	$189,800,000		$194,800,000		$189,800,000		$194,800,000
[1]	Includes unrealized gains (losses) for the three months ended September 30, 2014, relating to assets and liabilities still held as of September 30, 2014 as follows: $(0.3) million for investments, $0.6 million for other assets, $14.4 million for derivative liabilities and $(0.9) million for VIE debt.
[2]	Includes unrealized gains (losses) for the three months ended September 30, 2013, relating to assets and liabilities still held as of September 30, 2013 as follows: $2.3 million for investments, $0.5 million for other assets, $5.9 million for derivative liabilities and $(1.0) million for VIE debt.
[3]	Includes unrealized gains (losses) for the nine months ended September 30, 2014, relating to assets and liabilities still held as of September 30, 2014 as follows: $0.1 million for investments, $5.3 million for other assets, $100.8 million for derivative liabilities and $(6.8) million for VIE debt.
[4]	Includes unrealized gains (losses) for the nine months ended September 30, 2013, relating to assets and liabilities still held at September 30, 2013 as follows: $0.4 million for investments, $3.9 million for other assets, $(83.5) million for derivative liabilities and $(6.4) million for VIE debt.
[5]	Transfers are recognized at the end of the period as the availability of market observed inputs changes from period to period.
[6]	During the period, pricing from a third-party pricing source became available that utilized observable inputs for individual instruments. As a result, these instruments were transferred out of Level III and into Level II.
[7]	During the period, certain securities previously classified in Level III were transferred to Level II as third-party pricing became available.
[8]	During the period, $74.3 million of other ABS securities were transferred from Level III to Level II, as third-party pricing became available. We also transferred $45.2 million of other ABS securities previously classified as Level II to Level III, as the pricing inputs were no longer considered observable.

Note_4_Fair_Value_of_Financial6

Note 4 - Fair Value of Financial Instruments Fair Value, Measurement Inputs Disclosure (Details) (USD $)

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Corporate collateralized debt obligations (CDO's)[Member]

Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]

Base Correlation Model Valuation Technique [Member]

Base Correlation Model Valuation Technique [Member]

Base Correlation Model Valuation Technique [Member]

Base Correlation Model Valuation Technique [Member]

Base Correlation Model Valuation Technique [Member]

Base Correlation Model Valuation Technique [Member]

Base Correlation Model Valuation Technique [Member]

Base Correlation Model Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Discounted Cash Flow Valuation Technique [Member]

Risk-Based Model Valuation Technique [Member]

Risk-Based Model Valuation Technique [Member]

Risk-Based Model Valuation Technique [Member]

Risk-Based Model Valuation Technique [Member]

Risk-Based Model Valuation Technique [Member]

Risk-Based Model Valuation Technique [Member]

Risk-Based Model Valuation Technique [Member]

Risk-Based Model Valuation Technique [Member]

Risk-Based Model Valuation Technique [Member]

Corporate collateralized debt obligations (CDO's)[Member]

Corporate collateralized debt obligations (CDO's)[Member]

Minimum [Member]

Minimum [Member]

Maximum [Member]

Maximum [Member]

Weighted Average [Member]

Weighted Average [Member]

US States and Political Subdivisions Debt Securities [Member]

US States and Political Subdivisions Debt Securities [Member]

Other investments

Other investments

Collateralized Debt Obligation of Commercial Mortgage Backed Securities [Member]

Collateralized Debt Obligation of Commercial Mortgage Backed Securities [Member]

TruPs Collateralized Debt Obligation [Member]

TruPs Collateralized Debt Obligation [Member]

TruPs-Related VIE [Member]

TruPs-Related VIE [Member]

NIMS VIEs [Member]

NIMS VIEs [Member]

Minimum [Member]

Minimum [Member]

Minimum [Member]

Minimum [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Weighted Average [Member]

Weighted Average [Member]

Weighted Average [Member]

Weighted Average [Member]

Weighted Average [Member]

Weighted Average [Member]

Weighted Average [Member]

Weighted Average [Member]

Weighted Average [Member]

Weighted Average [Member]

Weighted Average [Member]

Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]

Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]

Minimum [Member]

Minimum [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Less Than [Member]

Less Than [Member]

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Corporate collateralized debt obligations (CDO's)[Member]

Corporate collateralized debt obligations (CDO's)[Member]

Corporate collateralized debt obligations (CDO's)[Member]

Corporate collateralized debt obligations (CDO's)[Member]

Corporate collateralized debt obligations (CDO's)[Member]

Corporate collateralized debt obligations (CDO's)[Member]

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Collateralized Debt Obligation of Commercial Mortgage Backed Securities [Member]

Collateralized Debt Obligation of Commercial Mortgage Backed Securities [Member]

TruPs Collateralized Debt Obligation [Member]

TruPs Collateralized Debt Obligation [Member]

Collateralized Debt Obligation of Commercial Mortgage Backed Securities [Member]

Collateralized Debt Obligation of Commercial Mortgage Backed Securities [Member]

TruPs Collateralized Debt Obligation [Member]

TruPs Collateralized Debt Obligation [Member]

US States and Political Subdivisions Debt Securities [Member]

US States and Political Subdivisions Debt Securities [Member]

Other investments

Other investments

Collateralized Debt Obligation of Commercial Mortgage Backed Securities [Member]

TruPs Collateralized Debt Obligation [Member]

TruPs Collateralized Debt Obligation [Member]

TruPs-Related VIE [Member]

TruPs-Related VIE [Member]

NIMS VIEs [Member]

NIMS VIEs [Member]

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]

Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]

Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]

Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]

Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]

Minimum [Member]

Minimum [Member]

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]

Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]

Fair Value, Inputs, Level 3

Fair Value, Inputs, Level 3

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Investments, Fair Value Disclosure

'

'

'

'

'

'

'

'

'

'

$18,600,000

[1]

$18,700,000

[1]

$82,500,000

[1]

$81,000,000

[1]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value Inputs, Discount Rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

11.80%

12.30%

0.80%

1.20%

'

'

'

7.80%

13.10%

'

'

'

'

'

'

'

'

'

'

'

Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Expected Loss Rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

11.00%

11.10%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Derivative Assets (Liabilities), at Fair Value, Net

-423,000

-122,591,000

-400,000

[1]

-1,400,000

[1]

'

'

'

'

'

'

'

'

'

'

-39,300,000

[1]

-67,800,000

[1]

-18,400,000

[1]

-43,900,000

[1]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-74,400,000

[1]

-119,400,000

[1]

'

'

'

'

'

'

'

Variable Interest Entity, Consolidated, Fair Value, Net Asset (Liability)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

($46,700,000)

[1]

($68,400,000)

[1]

($3,200,000)

[1]

($2,800,000)

[1]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Correlation Factor

'

'

'

'

'

'

'

'

85.00%

85.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Average Credit Spread

'

'

'

'

0.10%

0.10%

0.60%

0.90%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, CDS Spread Percent

'

'

'

'

1.10%

[2]

0.80%

[2]

4.10%

[2]

4.30%

[2]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.10%

[2]

0.80%

[2]

1.10%

[2]

0.80%

[2]

4.10%

[2]

4.30%

[2]

4.10%

[2]

4.30%

[2]

'

'

'

'

'

'

'

'

'

7.20%

[2]

7.90%

[2]

'

'

1.10%

[2]

0.80%

[2]

4.10%

[2]

'

4.30%

[2]

'

'

Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Correlation Factor Related to Vintage and Credit Rating

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

72.00%

'

'

'

85.00%

'

'

'

'

'

'

80.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Principal Recovery Rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

75.00%

75.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Principal Recovery Rate Using Distressed Pricing Scenario

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

65.00%

65.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Probability of Paying a Conditional Liquidity Claim

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.20%

1.10%

'

'

10.00%

12.40%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value Assumptions, Expected Term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'16 years

'20 years

'

'1 year

'1 year

Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, NIMS Spread

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

40.10%

43.80%

'

'

'

'

'

'

'

'

'

[1]

Excludes certain assets and liabilities for which we do not develop quantitative unobservable inputs. The fair value estimates for these assets and liabilities are developed using third-party pricing information, generally without adjustment.

[2]

Represents the range of our CDS spread that a typical market participant might use in the valuation analysis based on the remaining term of the investment.

Note_4_Fair_Value_of_Financial7

Note 4 - Fair Value of Financial Instruments Other Fair Value Disclosure (Details) (USD $)	Sep. 30, 2014		Dec. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Held-to-maturity securities, amortized cost	$50,000		$358,000
Fixed-maturities held to maturity	50,000		351,000
Long-term debt	1,201,069,000		930,072,000
Carrying (Reported) Amount, Fair Value Disclosure [Member]	'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Held-to-maturity securities, amortized cost	100,000		400,000
Other Invested Assets, Carrying Amount	39,600,000		47,400,000
Long-term debt	1,201,100,000	[1]	930,100,000	[1]
Non Derivative Financial Guaranty Liabilities, Carrying Amount	136,200,000		144,700,000
Estimate of Fair Value, Fair Value Disclosure [Member]	'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Fixed-maturities held to maturity	100,000	[2]	400,000	[2]
Other invested assets fair value disclosure	49,700,000	[2]	54,300,000	[2]
Long-term Debt, Fair Value	1,703,900,000	[1],[2]	1,502,700,000	[1],[2]
Non Derivative Financial Guaranty Liabilities, Estimated Fair Value	$170,100,000	[3]	$189,100,000	[3]
[1]	The carrying amount of long-term debt is net of the equity component, which is accounted for under the accounting standard for convertible debt instruments that may be settled in cash upon conversion (including partial cash settlement). The fair value is estimated based on the quoted market prices for the same or similar issues. See Note 11 for further information.
[2]	These estimated fair values would be classified in Level II of the fair value hierarchy.
[3]	These estimated fair values would be classified in Level III of the fair value hierarchy.

Note_5_Variable_Interest_Entit3

Note 5 - Variable Interest Entities Financial Guaranty Insurance Contracts VIEs (Details) (USD $)	3 Months Ended			9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013	Sep. 30, 2014		Sep. 30, 2013	Dec. 31, 2013
Balance Sheet Related Disclosures	'		'	'		'	'
Derivative Assets	$24,213		'	$24,213		'	$16,642
Other assets	392,789		'	392,789		'	377,647
Unearned premiums	796,742		751,587	796,742		751,587	768,871
Reserve for losses and LAE	1,620,351		2,346,879	1,620,351		2,346,879	2,185,421
Derivative liabilities	185,258		344,870	185,258		344,870	307,185
VIE debt—at fair value	91,232		104,218	91,232		104,218	94,645
Other liabilities	330,638		'	330,638		'	395,852
Statement of Operations	'		'	'		'	'
Premiums earned	227,156		211,984	646,935		617,696	'
Net investment income	26,178		26,732	76,144		81,220	'
Net (losses) gains on investments	-7,839		-7,132	103,831		-142,891	'
Change in fair value of derivative instruments, gain (loss)	19,360		10,778	126,923		-70,357	'
Net gains (losses) on other financial instruments	982		902	-229		-3,585	'
Other operating expenses	56,262		70,974	181,722		212,055	'
Financial Guarantee Insurance Product Line [Member] | Variable Interest Entity, Primary Beneficiary [Member]	'		'	'		'	'
Balance Sheet Related Disclosures	'		'	'		'	'
Other Invested Assets, Carrying Amount	82,502		'	82,502		'	81,000
Derivative Assets	0		'	0		'	0
Premiums receivable	0		'	0		'	0
Other assets	88,219		'	88,219		'	92,023
Unearned premiums	0		'	0		'	0
Reserve for losses and LAE	0		'	0		'	0
Derivative liabilities	46,653		'	46,653		'	68,457
VIE debt—at fair value	88,036		'	88,036		'	91,800
Other liabilities	221		'	221		'	254
Maximum exposure (1)	136,593	[1]	'	136,593	[1]	'	121,628	[1]
Statement of Operations	'		'	'		'	'
Premiums earned	'		'	0		0	'
Net investment income	'		'	1,338		1,338	'
Net (losses) gains on investments	'		'	165		405	'
Change in fair value of derivative instruments, gain (loss)	'		'	20,124		513	'
Net gains (losses) on other financial instruments	'		'	2,976		3,377	'
Provision for losses, increase (decrease)	'		'	0		0	'
Other operating expenses	'		'	1,303		1,469	'
Net cash (outflow) inflow for VIEs	'		'	-34		333	'
Financial Guarantee Insurance Product Line [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]	'		'	'		'	'
Balance Sheet Related Disclosures	'		'	'		'	'
Other Invested Assets, Carrying Amount	0		'	0		'	0
Derivative Assets	0		'	0		'	0
Premiums receivable	1,890		'	1,890		'	2,211
Other assets	0		'	0		'	0
Unearned premiums	1,432		'	1,432		'	1,872
Reserve for losses and LAE	10,878		'	10,878		'	14,094
Derivative liabilities	121,745		'	121,745		'	220,633
VIE debt—at fair value	0		'	0		'	0
Other liabilities	0		'	0		'	0
Maximum exposure (1)	2,699,248	[1]	'	2,699,248	[1]	'	4,578,784	[1]
Statement of Operations	'		'	'		'	'
Premiums earned	'		'	921		872	'
Net investment income	'		'	0		0	'
Net (losses) gains on investments	'		'	0		0	'
Change in fair value of derivative instruments, gain (loss)	'		'	101,110		-82,069	'
Net gains (losses) on other financial instruments	'		'	0		0	'
Provision for losses, increase (decrease)	'		'	2,261		-208	'
Other operating expenses	'		'	0		0	'
Net cash (outflow) inflow for VIEs	'		'	($2,493)		$4,133	'
[1]	The difference between the carrying amounts of the net asset/liability position and maximum exposure related to VIEs is primarily due to the difference between the face amount of the obligation and the recorded fair values, which include an adjustment for our non-performance risk, as applicable. For those VIEs that have recourse to our general credit, the maximum exposure is based on the net par amount of our insured obligation. For any VIEs that do not have recourse to our general credit, the maximum exposure is generally based on the recorded net assets of the VIE, as of the reporting date.

Note_5_Variable_Interest_Entit4

Note 5 - Variable Interest Entities NIMS VIEs (Details) (NIMS VIEs [Member], Variable Interest Entity, Primary Beneficiary [Member])	Sep. 30, 2014
	bond
NIMS VIEs [Member] | Variable Interest Entity, Primary Beneficiary [Member]	'
NIMS VIEs [Abstract]	'
Number of Remaining NIMS Transactions	1

Note_6_Investments_Total_Debt_

Note 6 - Investments Total Debt and Equity Securities (Details) (USD $)	9 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Dec. 31, 2013
Fixed maturities held to maturity	'		'
Held-to-maturity securities, amortized cost	$50		$358
Held-to-maturity Securities, Fair Value Disclosure	50		351
Fixed maturities available for sale securities	'		'
Amortized cost	448,155		120,385
Equity securities available for sale	'		'
Available-for-sale Equity Securities, Amortized Cost Basis	78,106		78,106
Available-for-sale Securities, Equity Securities	144,593		135,168
Total debt and equity securities	'		'
Amortized Cost	526,311		198,849
Fair Value	595,313		256,072
Gross Unrealized Gains	71,762		58,340
Gross Unrealized Losses	2,760		1,117
Debt Securities	'		'
Fixed maturities held to maturity	'		'
Held-to-maturity securities, amortized cost	50		358
Held-to-maturity Securities, Fair Value Disclosure	50		351
Gross unrealized gains	0		0
Gross unrealized losses	0		7
Fixed maturities available for sale securities	'		'
Amortized cost	448,155		120,385
Fair value	450,670		120,553
Gross unrealized gains	5,275		1,278
Gross unrealized losses	2,760		1,110
State and municipal obligations	'		'
Fixed maturities held to maturity	'		'
Held-to-maturity securities, amortized cost	50		358
Held-to-maturity Securities, Fair Value Disclosure	50		351
Gross unrealized gains	0		0
Gross unrealized losses	0		7
Fixed maturities available for sale securities	'		'
Amortized cost	26,788		26,489
Fair value	27,932		25,946
Gross unrealized gains	1,175		26
Gross unrealized losses	31		569
US government and agency securities	'		'
Fixed maturities available for sale securities	'		'
Amortized cost	43,178		8,939
Fair value	43,314		9,106
Gross unrealized gains	171		224
Gross unrealized losses	35		57
Corporate bonds and notes	'		'
Fixed maturities available for sale securities	'		'
Amortized cost	124,536		11,951
Fair value	125,898		12,045
Gross unrealized gains	2,194		578
Gross unrealized losses	832		484
RMBS	'		'
Fixed maturities available for sale securities	'		'
Amortized cost	76,139		72,665
Fair value	77,431		73,115
Gross unrealized gains	1,292		450
Gross unrealized losses	0		0
CMBS	'		'
Fixed maturities available for sale securities	'		'
Amortized cost	31,617		'
Fair value	31,546		'
Gross unrealized gains	66		'
Gross unrealized losses	137		'
Other ABS	'		'
Fixed maturities available for sale securities	'		'
Amortized cost	126,392		'
Fair value	124,721		'
Gross unrealized gains	13		'
Gross unrealized losses	1,684		'
Foreign government securities	'		'
Fixed maturities available for sale securities	'		'
Amortized cost	19,303		'
Fair value	19,626		'
Gross unrealized gains	364		'
Gross unrealized losses	41		'
Other investments	'		'
Fixed maturities available for sale securities	'		'
Amortized cost	202		341
Fair value	202		341
Gross unrealized gains	0		0
Gross unrealized losses	0		0
Private Equity Funds, Domestic [Member]	'		'
Equity securities available for sale	'		'
Available-for-sale Securities, Equity Securities	137,000		128,300
Preferred and Common Stock [Member]	'		'
Equity securities available for sale	'		'
Available-for-sale Securities, Equity Securities	7,600		6,900
Equity securities	'		'
Equity securities available for sale	'		'
Available-for-sale Equity Securities, Amortized Cost Basis	78,106	[1]	78,106	[2]
Available-for-sale Securities, Equity Securities	144,593	[1]	135,168	[2]
Gross unrealized gains	66,487	[1]	57,062	[2]
Gross unrealized losses	$0	[1]	$0	[2]
[1]	Comprising broadly diversified domestic equity mutual funds ($137.0 million fair value) and various preferred and common stocks invested across numerous companies and industries ($7.6 million fair value).
[2]	Comprising broadly diversified domestic equity mutual funds ($128.3 million fair value) and various preferred and common stocks invested across numerous companies and industries ($6.9 million fair value).

Note_6_Investments_Investments

Note 6 - Investments Investments Trading Securities (Details) (USD $)

3 Months Ended

9 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Aug. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Securities (Assets)

Securities (Assets)

US government and agency securities

US government and agency securities

State and municipal obligations

State and municipal obligations

Corporate bonds and notes

Corporate bonds and notes

RMBS

RMBS

CMBS

CMBS

Other ABS

Other ABS

Foreign government securities

Foreign government securities

Equity securities

Equity securities

Other investments

Other investments

Portugal, Ireland, Italy, Greece, Spain and Hungary Government Securities [Member]

Portugal, Ireland, Italy, Greece, Spain and Hungary Government Securities [Member]

Non European Countries Outside U.S. Under Economic Stress [Member]

Non European Countries Outside U.S. Under Economic Stress [Member]

2013 Freddie Mac Agreement [Member]

2013 Freddie Mac Agreement [Member]

2013 Freddie Mac Agreement [Member]

Foreign government securities

Foreign government securities

Foreign government securities

Foreign government securities

Mortgage Insurance Segment

Mortgage Insurance Segment

Mortgage Insurance Segment

Primary Mortgage Product [Member]

Primary Mortgage Product [Member]

First Lien Position [Member]

First Lien Position [Member]

Schedule of Trading Securities and Other Trading Assets [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Investment Portfolio

$4,975,401,000

'

$4,975,401,000

'

$4,931,157,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0

$0

$0

$0

'

'

'

Trading Securities

2,479,496,000

'

2,479,496,000

'

3,117,429,000

'

'

249,102,000

393,815,000

605,255,000

595,070,000

881,362,000

1,024,574,000

221,820,000

487,239,000

272,281,000

288,895,000

136,802,000

195,816,000

23,744,000

40,657,000

88,397,000

90,604,000

733,000

759,000

'

'

'

'

'

'

'

Trading Securities, Unrealized Holding Gain

-7,663,000

-12,666,000

107,865,000

-169,107,000

'

87,400,000

-140,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restricted Investments Held as Collateral for Master Transaction Agreement, Net

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$205,000,000

$209,000,000

$205,000,000

Note_6_Investments_Gain_Loss_o

Note 6 - Investments Gain (Loss) on Investments (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Gain (Loss) on Investments [Line Items]	'	'	'	'
Gain (Loss) on Disposition of Other Assets	$531	$70	$478	$93
Realized Gain (Loss) on Marketable Securities and Cost Method Investments, Excluding Other than Temporary Impairments, and Other Investments	109	3,194	-4,199	25,811
Unrealized (losses) gains on trading securities	-7,663	-12,666	107,865	-169,107
Unrealized (losses) gains on other invested assets	-285	2,340	165	405
Total (losses) gains on investments	-7,839	-7,132	103,831	-142,891
Fixed Maturities [Member]	'	'	'	'
Gain (Loss) on Investments [Line Items]	'	'	'	'
Marketable Securities, Realized Gain (Loss), Excluding Other than Temporary Impairments	0	0	-9	2
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments	-541	443	-335	1,312
Equity securities	'	'	'	'
Gain (Loss) on Investments [Line Items]	'	'	'	'
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments	0	0	0	349
Trading Securities [Member]	'	'	'	'
Gain (Loss) on Investments [Line Items]	'	'	'	'
Trading Securities, Realized Gain (Loss)	119	2,196	-4,333	15,212
Short-term Investments [Member]	'	'	'	'
Gain (Loss) on Investments [Line Items]	'	'	'	'
Gain (Loss) on Sale of Securities, Net	0	0	0	2
Other investments	'	'	'	'
Gain (Loss) on Investments [Line Items]	'	'	'	'
Cost-method Investments, Realized Gain (Loss), Excluding Other than Temporary Impairments	$0	$485	$0	$8,841

Note_6_Investments_Schedule_of

Note 6 - Investments Schedule of Unrealized Losses (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
	security		security
Schedule of Securities With Unrealized Losses	'	'	'
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, Additional Credit Losses	$0	$0	'
Continuous Loss Position Less Than Twelve Months	'	'	'
Number of Securities	67	'	5
Fair value HTM And AFS state and municipal obligations	199,132	'	19,903
Unrealized losses AFS And HTM state and municipal obligations	2,633	'	99
Continuous Unrealized Loss Position, Twelve Months Or Greater	'	'	'
Number of securities	2	'	4
Fair value HTM And AFS state and municipal obligations	6,768	'	8,480
Unrealized Losses AFS And HTM state and municipal obligations	127	'	1,018
Continuous Loss Position, Total	'	'	'
Number of securities	69	'	9
Fair Value HTM And AFS state and municipal obligations	205,900	'	28,383
Unrealized losses AFS and HTM state and municipal obligations	2,760	'	1,117
US government and agency securities	'	'	'
Continuous Loss Position Less Than Twelve Months	'	'	'
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year	2	'	1
Fair value available-for-sale securities	7,114	'	5,401
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesAccumulatedInAOCI	35	'	57
Continuous Unrealized Loss Position, Twelve Months Or Greater	'	'	'
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	0	'	0
Fair value available-for-sale securities	0	'	0
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLossesAccumulatedInAOCI	0	'	0
Continuous Loss Position, Total	'	'	'
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	2	'	1
Fair value available-for-sale securities	7,114	'	5,401
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInAOCI	35	'	57
State and municipal obligations	'	'	'
Continuous Loss Position Less Than Twelve Months	'	'	'
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year	7	'	'
Number of Securities	'	'	4
Fair value available-for-sale securities	426	'	'
Fair value HTM And AFS state and municipal obligations	'	'	14,502
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesAccumulatedInAOCI	23	'	'
Unrealized losses AFS And HTM state and municipal obligations	'	'	42
Continuous Unrealized Loss Position, Twelve Months Or Greater	'	'	'
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	1	'	'
Number of securities	'	'	2
Fair value available-for-sale securities	5,726	'	'
Fair value HTM And AFS state and municipal obligations	'	'	5,514
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLossesAccumulatedInAOCI	8	'	'
Unrealized Losses AFS And HTM state and municipal obligations	'	'	534
Continuous Loss Position, Total	'	'	'
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	8	'	'
Number of securities	'	'	6
Fair value available-for-sale securities	6,152	'	'
Fair Value HTM And AFS state and municipal obligations	'	'	20,016
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInAOCI	31	'	'
Unrealized losses AFS and HTM state and municipal obligations	'	'	576
Corporate bonds and notes	'	'	'
Continuous Loss Position Less Than Twelve Months	'	'	'
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year	20	'	0
Fair value available-for-sale securities	57,381	'	0
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesAccumulatedInAOCI	713	'	0
Continuous Unrealized Loss Position, Twelve Months Or Greater	'	'	'
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	1	'	2
Fair value available-for-sale securities	1,042	'	2,966
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLossesAccumulatedInAOCI	119	'	484
Continuous Loss Position, Total	'	'	'
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	21	'	2
Fair value available-for-sale securities	58,423	'	2,966
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInAOCI	832	'	484
CMBS	'	'	'
Continuous Loss Position Less Than Twelve Months	'	'	'
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year	5	'	'
Fair value available-for-sale securities	21,495	'	'
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesAccumulatedInAOCI	137	'	'
Continuous Unrealized Loss Position, Twelve Months Or Greater	'	'	'
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	0	'	'
Fair value available-for-sale securities	0	'	'
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLossesAccumulatedInAOCI	0	'	'
Continuous Loss Position, Total	'	'	'
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	5	'	'
Fair value available-for-sale securities	21,495	'	'
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInAOCI	137	'	'
Other ABS	'	'	'
Continuous Loss Position Less Than Twelve Months	'	'	'
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year	28	'	'
Fair value available-for-sale securities	109,990	'	'
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesAccumulatedInAOCI	1,684	'	'
Continuous Unrealized Loss Position, Twelve Months Or Greater	'	'	'
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	0	'	'
Fair value available-for-sale securities	0	'	'
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLossesAccumulatedInAOCI	0	'	'
Continuous Loss Position, Total	'	'	'
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	28	'	'
Fair value available-for-sale securities	109,990	'	'
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInAOCI	1,684	'	'
Foreign government securities	'	'	'
Continuous Loss Position Less Than Twelve Months	'	'	'
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year	5	'	'
Fair value available-for-sale securities	2,726	'	'
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesAccumulatedInAOCI	41	'	'
Continuous Unrealized Loss Position, Twelve Months Or Greater	'	'	'
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	0	'	'
Fair value available-for-sale securities	0	'	'
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLossesAccumulatedInAOCI	0	'	'
Continuous Loss Position, Total	'	'	'
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	5	'	'
Fair value available-for-sale securities	2,726	'	'
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInAOCI	$41	'	'

Note_6_Investments_Schedule_of1

Note 6 - Investments Schedule of Contractual Maturities (Details) (USD $)	Sep. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Held-to-maturity Securities, Amortized Cost	'		'
Held-to-maturity securities, amortized cost	$50		$358
Held-to-maturity Securities, Fair Value	'		'
Held-to-maturity Securities, Fair Value Disclosure	50		351
Available-for-sale Securities, Amortized Cost	'		'
Available-for-sale Debt Securities, Amortized Cost Basis	448,155		120,385
Available-for-sale Securities, Fair Value	'		'
Available-for-sale securities, fair value	450,670		120,553
Debt Securities	'		'
Held-to-maturity Securities, Amortized Cost	'		'
Held-to-maturity securities, amortized cost	50		'
Held-to-maturity Securities, Fair Value	'		'
Held-to-maturity Securities, Fair Value Disclosure	50		'
Available-for-sale Securities, Amortized Cost	'		'
Available-for-sale Debt Securities, Amortized Cost Basis	448,155		'
Available-for-sale Securities, Fair Value	'		'
Available-for-sale securities, fair value	450,670		'
Non Asset Backed Security Investments, Contractual Maturities	'		'
Held-to-maturity Securities, Amortized Cost	'		'
Due in one year or less	50	[1]	'
Due after one year through five years	0	[1]	'
Due after five years through ten years	0	[1]	'
Due after ten years	0	[1]	'
Held-to-maturity Securities, Fair Value	'		'
Due in one year or less	50	[1]	'
Due after one year through five years	0	[1]	'
Due after five years through ten years	0	[1]	'
Due after ten years	0	[1]	'
Available-for-sale Securities, Amortized Cost	'		'
Due in one year or less	77	[1]	'
Due after one year through five years	76,568	[1]	'
Due after five years through ten years	64,406	[1]	'
Due after ten years	72,956	[1]	'
Available-for-sale Securities, Fair Value	'		'
Due in one year or less	77	[1]	'
Due after one year through five years	76,680	[1]	'
Due after five years through ten years	65,503	[1]	'
Due after ten years	74,712	[1]	'
RMBS	'		'
Held-to-maturity Securities, Amortized Cost	'		'
Held-to-maturity Securities, Debt Maturities, without Single Maturity Date, Net Carrying Amount	0	[2]	'
Held-to-maturity Securities, Fair Value	'		'
Held-to-maturity Securities, Debt Maturities, without Single Maturity Date, Fair Value	0	[2]	'
Available-for-sale Securities, Amortized Cost	'		'
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis	76,139	[2]	'
Available-for-sale Securities, Fair Value	'		'
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	77,431	[2]	'
CMBS	'		'
Held-to-maturity Securities, Amortized Cost	'		'
Held-to-maturity Securities, Debt Maturities, without Single Maturity Date, Net Carrying Amount	0	[2]	'
Held-to-maturity Securities, Fair Value	'		'
Held-to-maturity Securities, Debt Maturities, without Single Maturity Date, Fair Value	0	[2]	'
Available-for-sale Securities, Amortized Cost	'		'
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis	31,617	[2]	'
Available-for-sale Securities, Fair Value	'		'
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	31,546	[2]	'
Other ABS	'		'
Held-to-maturity Securities, Amortized Cost	'		'
Held-to-maturity Securities, Debt Maturities, without Single Maturity Date, Net Carrying Amount	0	[2]	'
Held-to-maturity Securities, Fair Value	'		'
Held-to-maturity Securities, Debt Maturities, without Single Maturity Date, Fair Value	0	[2]	'
Available-for-sale Securities, Amortized Cost	'		'
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis	126,392	[2]	'
Available-for-sale Securities, Fair Value	'		'
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	$124,721	[2]	'
[1]	Actual maturities may differ as a result of calls before scheduled maturity.
[2]	RMBS, CMBS, and Other ABS are shown separately, as they are not due at a single maturity date.

Note_7_Goodwill_and_Other_Inta3

Note 7 - Goodwill and Other Intangible Assets, Net Schedule of Intangible Assets and Goodwill (Details) (USD $)

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Jun. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Customer Relationships [Member]

Computer Software, Intangible Asset [Member]

Computer Software, Intangible Asset [Member]

Trademarks [Member]

Order or Production Backlog [Member]

Noncompete Agreements [Member]

Noncompete Agreements [Member]

Pro Forma [Member]

Clayton Holdings, LLC [Member]

Clayton Holdings, LLC [Member]

Clayton Holdings, LLC [Member]

Clayton Holdings, LLC [Member]

Pro Forma [Member]

Pro Forma [Member]

Schedule of Finite-Lived Intangible Assets and Goodwill [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Business Acquisition, Goodwill, Expected Tax Deductible Amount

'

'

'

'

'

'

'

'

'

$191,000,000

'

'

$189,000,000

$189,000,000

Business Acquisition, Goodwill, Expected Number of Years For Tax Deduction

'

'

'

'

'

'

'

'

'

'

'15 years

'

'

'

Goodwill, Acquired During Period

194,026,000

2,100,000

'

'

'

'

'

'

'

'

'

191,932,000

'

'

Goodwill, Impaired, Accumulated Impairment Loss

0

0

'

'

'

'

'

'

'

'

'

'

'

'

Finite-Lived Intangible Assets, Gross

102,900,000

205,000

79,245,000

8,970,000

200,000

7,860,000

6,680,000

145,000

5,000

'

'

'

'

'

Finite-Lived Intangible Assets, Accumulated Amortization

-3,294,000

0

-1,460,000

-415,000

0

-197,000

-1,203,000

-19,000

0

'

'

'

'

'

Finite-Lived Intangible Assets, Net

$99,606,000

$205,000

$77,785,000

$8,555,000

$200,000

$7,663,000

$5,477,000

$126,000

$5,000

'

'

'

'

'

Note_7_Goodwill_and_Other_Inta4

Note 7 - Goodwill and Other Intangible Assets, Net Schedule of Acquired Finite-Lived Intangible Assets (Details)	9 Months Ended
	Sep. 30, 2014
Acquired Finite-Lived Intangible Assets [Line Items]	'
Finite-Lived Intangible Assets, Remaining Amortization Period	'15 years
Trademarks [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Finite-Lived Intangible Asset, Useful Life	'10 years
Minimum [Member] | Customer Relationships [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Finite-Lived Intangible Asset, Useful Life	'3 years
Minimum [Member] | Computer Software, Intangible Asset [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Finite-Lived Intangible Asset, Useful Life	'3 years
Minimum [Member] | Order or Production Backlog [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Finite-Lived Intangible Asset, Useful Life	'3 years
Minimum [Member] | Noncompete Agreements [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Finite-Lived Intangible Asset, Useful Life	'2 years
Maximum [Member] | Customer Relationships [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Finite-Lived Intangible Asset, Useful Life	'15 years
Maximum [Member] | Computer Software, Intangible Asset [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Finite-Lived Intangible Asset, Useful Life	'6 years
Maximum [Member] | Order or Production Backlog [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Finite-Lived Intangible Asset, Useful Life	'5 years
Maximum [Member] | Noncompete Agreements [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Finite-Lived Intangible Asset, Useful Life	'3 years

Note_7_Goodwill_and_Other_Inta5

Note 7 - Goodwill and Other Intangible Assets, Net Schedule of Future Amortization Expense for Finite Lived Assets (Details) (USD $)	Sep. 30, 2014
In Thousands, unless otherwise specified
Goodwill and Intangible Assets Disclosure [Abstract]	'
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	$3,259
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	12,014
Finite-Lived Intangible Assets, Amortization Expense, Year Two	10,890
Finite-Lived Intangible Assets, Amortization Expense, Year Four	10,584
Finite-Lived Intangible Assets, Amortization Expense, Year Five	10,394
Finite-Lived Intangible Assets, Amortization Expense, Year Five	9,376
Finite-Lived Intangible Assets, Amortization Expense, Rolling after Year Five	$43,089

Note_8_Reinsurance_Reinsurance

Note 8 - Reinsurance Reinsurance Premiums Written and Earned (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Premiums Earned, Net [Abstract]	'	'	'	'
Premiums earned	$227,156	$211,984	$646,935	$617,696
Mortgage Insurance and Financial Guarantee Contracts [Member]	'	'	'	'
Premiums Written, Net [Abstract]	'	'	'	'
Direct Premiums Written	261,301	268,886	729,261	784,180
Assumed Premiums Written	-217	-126	406	-10,729
Ceded Premiums Written	-16,832	-17,918	-49,342	-64,195
Net premiums written	244,252	250,842	680,325	709,256
Premiums Earned, Net [Abstract]	'	'	'	'
Direct Premiums Earned	244,160	228,162	696,323	660,687
Assumed Premiums Earned	2,062	1,943	6,141	10,573
Ceded Premiums Earned	-19,066	-18,121	-55,529	-53,564
Premiums earned	$227,156	$211,984	$646,935	$617,696

Note_8_Reinsurance_Reinsurance1

Note 8 - Reinsurance Reinsurance Transactions (Details) (Radian Guaranty [Member], USD $)	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Dec. 31, 2014
	transaction	Initial Quota Share Reinsurance Transaction [Member]	Initial Quota Share Reinsurance Transaction [Member]	Initial Quota Share Reinsurance Transaction [Member]	Initial Quota Share Reinsurance Transaction [Member]	Second Quota Share Reinsurance Transaction [Member]	Second Quota Share Reinsurance Transaction [Member]	Second Quota Share Reinsurance Transaction [Member]	Second Quota Share Reinsurance Transaction [Member]	Maximum [Member]	Scenario, Forecast [Member]
										Initial Quota Share Reinsurance Transaction [Member]	Initial Quota Share Reinsurance Transaction [Member]
Reinsurance Transaction Details [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Number of Quota Share Reinsurance Agreements	2	'	'	'	'	'	'	'	'	'	'
First Lien Primary Mortgage Insurance Risk In Force Ceded	'	$1,200,000,000	'	$1,200,000,000	'	$1,500,000,000	'	$1,500,000,000	'	$1,600,000,000	'
Ceded Premiums Written	'	4,668,000	5,551,000	15,018,000	17,573,000	9,082,000	8,233,000	24,447,000	32,253,000	'	'
Ceded Premiums Earned	'	6,578,000	7,216,000	20,188,000	22,711,000	7,699,000	5,099,000	21,481,000	12,220,000	'	'
Fees and Commissions	'	1,166,000	1,388,000	3,754,000	4,393,000	3,179,000	2,882,000	8,557,000	11,289,000	'	'
Ceded Risk, Amount Able to Be Recaptured Under Quota Share Transaction	'	'	'	'	'	'	'	'	'	'	$750,000,000

Note_9_Losses_and_LAE_Losses_a

Note 9 - Losses and LAE Losses and LAE for Mortgage Insurance (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Reserve for losses and loss adjustment expenses	'	'	'	'	'	'
Total reserve for losses and LAE	$1,620,351	'	$2,185,421	$2,346,879	'	'
Mortgage Insurance Segment	'	'	'	'	'	'
Reserve for losses and loss adjustment expenses	'	'	'	'	'	'
Mortgage insurance reserves	1,588,131	'	2,164,353	'	'	'
Total reserve for losses and LAE	1,588,131	1,714,681	2,164,353	2,314,785	2,690,861	3,083,608
Financial Guaranty Segment	'	'	'	'	'	'
Reserve for losses and loss adjustment expenses	'	'	'	'	'	'
Financial guaranty reserves	32,220	'	21,068	'	'	'
Total reserve for losses and LAE	$32,220	'	'	$32,094	'	'

Note_9_Losses_and_LAE_Mortgage

Note 9 - Losses and LAE Mortgage Insurance Reserves by Product (Details) (USD $)

Sep. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Dec. 31, 2012

In Thousands, unless otherwise specified

Liability for Future Policy Benefit, by Product Segment [Line Items]

'

'

'

'

'

'

Reinsurance recoverables

$23,335

'

$46,846

'

'

'

Reserve for losses and loss adjustment expense (“LAE”)

1,620,351

'

2,185,421

2,346,879

'

'

Mortgage Insurance Segment

'

'

'

'

'

'

Liability for Future Policy Benefit, by Product Segment [Line Items]

'

'

'

'

'

'

Reinsurance recoverables

21,201

[1]

22,458

[1]

38,363

[1]

49,675

[1]

58,427

[1]

83,238

[1]

Reserve for losses and loss adjustment expense (“LAE”)

1,588,131

1,714,681

2,164,353

2,314,785

2,690,861

3,083,608

Mortgage Insurance Segment | First Lien Mortgage Insurance Products [Member]

'

'

'

'

'

'

Liability for Future Policy Benefit, by Product Segment [Line Items]

'

'

'

'

'

'

Reserve for losses and loss adjustment expense (“LAE”)

1,586,344

'

2,159,058

'

'

'

Mortgage Insurance Segment | Pool Insurance Mortgage Insurance Product [Member]

'

'

'

'

'

'

Liability for Future Policy Benefit, by Product Segment [Line Items]

'

'

'

'

'

'

Liability for Unpaid Claims

80,664

'

169,682

'

'

'

Liability for Incurred but Not Reported Claims

2,468

'

8,938

'

'

'

Liability for Claims Adjustment Expense

3,434

'

5,439

'

'

'

Reserve for losses and loss adjustment expense (“LAE”)

86,566

'

184,059

'

'

'

Mortgage Insurance Segment | Second Lien Mortgage Insurance Product [Member]

'

'

'

'

'

'

Liability for Future Policy Benefit, by Product Segment [Line Items]

'

'

'

'

'

'

Reserve for losses and loss adjustment expense (“LAE”)

1,787

[2]

'

5,295

[2]

'

'

'

Primary Mortgage Product [Member] | Mortgage Insurance Segment

'

'

'

'

'

'

Liability for Future Policy Benefit, by Product Segment [Line Items]

'

'

'

'

'

'

Liability for Incurred but Not Reported Claims

212,908

'

347,698

'

'

'

Liability for Claims Adjustment Expense

52,690

'

51,245

'

'

'

Reinsurance recoverables

21,201

[3]

'

38,363

[3]

'

'

'

Reserve for losses and loss adjustment expense (“LAE”)

1,499,778

'

1,974,999

'

'

'

Primary Mortgage Product [Member] | Mortgage Insurance Segment | Prime Mortgage Insurance Product [Member]

'

'

'

'

'

'

Liability for Future Policy Benefit, by Product Segment [Line Items]

'

'

'

'

'

'

Liability for Unpaid Claims

721,811

'

937,307

'

'

'

Primary Mortgage Product [Member] | Mortgage Insurance Segment | Alt A Mortgage Insurance Product [Member]

'

'

'

'

'

'

Liability for Future Policy Benefit, by Product Segment [Line Items]

'

'

'

'

'

'

Liability for Unpaid Claims

308,283

'

384,841

'

'

'

Primary Mortgage Product [Member] | Mortgage Insurance Segment | A Minus and Below Mortgage Insurance Product [Member]

'

'

'

'

'

'

Liability for Future Policy Benefit, by Product Segment [Line Items]

'

'

'

'

'

'

Liability for Unpaid Claims

$182,885

'

$215,545

'

'

'

[1]

Related to ceded losses on captive reinsurance transactions and the QSR Reinsurance Transactions. See Note 8 for additional information.

[2]

Does not include our Second-lien PDR that is included in other liabilities.

[3]

Primarily represents ceded losses on captive transactions and the QSR Reinsurance Transactions.

Note_9_Losses_and_LAE_Mortgage1

Note 9 - Losses and LAE Mortgage Insurance Loss Reserves Rollforward (Details) (USD $)

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Sep. 30, 2013

Mortgage Insurance Segment

Mortgage Insurance Segment

Mortgage Insurance Segment

Mortgage Insurance Segment

Mortgage Insurance Segment

Mortgage Insurance Segment

2013 Freddie Mac Agreement [Member]

2013 Freddie Mac Agreement [Member]

percentagepoint

percentagepoint

Primary Mortgage Product [Member]

Primary Mortgage Product [Member]

Mortgage Insurance Segment

Mortgage Insurance Segment

Loss reserve [Roll Forward]

'

'

'

'

'

'

'

'

'

'

'

Balance at January 1

$1,620,351,000

$2,185,421,000

$2,346,879,000

$1,714,681,000

$2,690,861,000

$2,164,353,000

$3,083,608,000

'

'

'

'

Less reinsurance recoverables

23,335,000

46,846,000

'

22,458,000

[1]

58,427,000

[1]

38,363,000

[1]

83,238,000

[1]

'

'

'

'

Balance at beginning of period, net of reinsurance recoverables

'

'

'

1,692,223,000

2,632,434,000

2,125,990,000

3,000,370,000

'

'

'

'

Add losses and LAE incurred in respect of default notices reported and unreported in [Abstract]

'

'

'

'

'

'

'

'

'

'

'

Current year

'

'

'

106,927,000

[2]

140,015,000

[2]

339,496,000

[2]

477,155,000

[2]

'

'

'

'

Prior years

'

'

'

-58,370,000

11,997,000

-177,514,000

-56,777,000

'

'

'

'

Total incurred losses and LAE

'

'

'

48,557,000

152,012,000

161,982,000

420,378,000

'

'

'

'

Deduct paid claims and LAE related to [Abstract]

'

'

'

'

'

'

'

'

'

'

'

Paid Losses and LAE Current year

'

'

'

2,911,000

[2]

21,334,000

[2]

3,348,000

[2]

21,483,000

[2]

'

'

'

'

Paid losses and LAE Prior years

'

'

'

170,939,000

498,002,000

717,694,000

1,134,155,000

'

'

'

'

Total paid losses and LAE

'

'

'

173,850,000

519,336,000

721,042,000

1,155,638,000

'

'

254,700,000

254,700,000

Balance at end of period, net of reinsurance recoverables

'

'

'

1,566,930,000

2,265,110,000

1,566,930,000

2,265,110,000

'

'

'

'

Add reinsurance recoverables

23,335,000

46,846,000

'

21,201,000

[1]

49,675,000

[1]

21,201,000

[1]

49,675,000

[1]

'

'

'

'

Balance at September 30

1,620,351,000

2,185,421,000

2,346,879,000

1,588,131,000

2,314,785,000

1,588,131,000

2,314,785,000

'

'

'

'

Default To Claim Rate Detail [Abstract]

'

'

'

'

'

'

'

'

'

'

'

Weighted Average Default To Claim Rate Assumption Net Of Denials Rescissions and Reinstatements

'

'

'

'

'

'

'

53.00%

50.00%

'

'

Weighted Average Default To Claim Rate Assumption Excluding Pending Claims Net Of Denials And Rescissions

'

'

'

'

'

'

'

47.00%

'

'

'

Default To Claim Rate Estimate, Gross, For New Defaults

'

'

'

'

'

'

'

17.00%

'

'

'

Default To Claim Estimate, Gross, For Foreclosure Stage Defaults

'

'

'

'

'

'

'

81.00%

'

'

'

Impact To Our Loss Reserves Due To Estimated Rescissions And Denials [Abstract]

'

'

'

'

'

'

'

'

'

'

'

Percentage Point Change In Severity Used In Assumption Shift Analysis

'

'

'

1

'

1

'

'

'

'

'

First Lien Primary Claim Severity

'

'

'

'

'

103.00%

'

'

'

'

'

Impact To Loss Reserves Based On One Percentage Change In Primary Claim Severity

'

'

'

12,000,000

'

12,000,000

'

'

'

'

'

Percentage Point Default to Claim Rate Used In Assumption Shift Analysis

'

'

'

1

'

1

'

'

'

'

'

Impact To Loss Reserves Based On One Percentage Change in Default To Claim Rate

'

'

'

$23,000,000

'

$23,000,000

'

'

'

'

'

[1]

Related to ceded losses on captive reinsurance transactions and the QSR Reinsurance 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.

Note_9_Losses_and_LAE_Rescissi

Note 9 - Losses and LAE Rescissions And Denials (Details) (USD $)

9 Months Ended

3 Months Ended

9 Months Ended

9 Months Ended

15 Months Ended

33 Months Ended

15 Months Ended

33 Months Ended

In Millions, unless otherwise specified

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Aug. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Mortgage Insurance Segment

Mortgage Insurance Segment

Mortgage Insurance Segment

Mortgage Insurance Segment

Mortgage Insurance Segment

Mortgage Insurance Segment

Mortgage Insurance Segment

Mortgage Insurance Segment

Maximum [Member]

Maximum [Member]

Minimum [Member]

Minimum [Member]

Bank of America Settlement Agreement [Member]

2013 Freddie Mac Agreement [Member]

First Lien Position [Member]

First Lien Position [Member]

First Lien Position [Member]

Pro Forma [Member]

Pro Forma [Member]

Claims Denied in the Last Twelve Months [Member]

Curtailed Claim Payments in the Last Twenty Four Months [Member]

Policies Rescinded in the Last Twenty Four Months [Member]

Mortgage Insurance Segment

Mortgage Insurance Segment

Mortgage Insurance Segment

Mortgage Insurance Segment

Mortgage Insurance Segment

Mortgage Insurance Segment

2013 Freddie Mac Agreement [Member]

2013 Freddie Mac Agreement [Member]

2013 Freddie Mac Agreement [Member]

First Lien Position [Member]

First Lien Position [Member]

Claims Denied in the Last Twelve Months [Member]

Policies Rescinded in the Last Twenty Four Months [Member]

Claims Denied in the Last Twelve Months [Member]

Policies Rescinded in the Last Twenty Four Months [Member]

servicers

Primary Mortgage Product [Member]

Primary Mortgage Product [Member]

Primary Mortgage Product [Member]

2013 Freddie Mac Agreement [Member]

2013 Freddie Mac Agreement [Member]

Mortgage Insurance Segment

Mortgage Insurance Segment

Mortgage Insurance Segment

Primary Mortgage Product [Member]

Primary Mortgage Product [Member]

Bank of America Settlement Agreement [Member]

Bank of America Settlement Agreement [Member]

Mortgage Insurance Segment

Mortgage Insurance Segment

Rescissions And Denials [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Final Loss Mitigation Activity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$38

'

'

'

'

Not Final Loss Mitigation Activity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

118

'

'

32

Proposed Final Loss Mitigation Activity Related to Settlement of Dispute

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

106

'

Restricted Investments Held as Collateral for Master Transaction Agreement, Net

'

'

'

'

'

'

'

'

'

'

'

'

'

'

205

209

209

205

'

'

Decrease To Our Loss Reserves Due To Estimated Rescissions And Denials

'

134

'

134

'

247

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Claims Rescissions and Denials [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Claim rescissions

'

14.5

21.6

48.3

56.5

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Claim denials

'

39

4.1

45

131.3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total rescissions and denials

'

53.5

[1]

25.7

[1]

93.3

[1]

187.8

[1]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Servicers With Which the Entity is in Settlement Discussions With

'

'

'

'

'

'

'

'

'

'

'

'

'

1

'

'

'

'

'

'

Minimum Number of Days Past Due for a Loan to be Included in Settlement Agreement

'90 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loss Contingency, Settlement Agreement, Percentage of Subject Loans Not Held by Insureds or Are Non-GSE Investors

'

'

'

'

'

'

'

'

'

'

'

'

'

12.00%

'

'

'

'

'

'

Liability for Unpaid Claims and Claims Adjustment Expense, Incurred but Not Reported (IBNR) Claims, Amount

'

153.3

'

153.3

'

281.9

18.3

10.2

1.9

'

'

'

'

112.3

'

'

'

'

'

'

Gross Exposure Related to Denied Claims From Previous Twelve Months

'

'

'

'

'

'

140.8

'

'

'

'

'

'

'

'

'

'

'

'

'

Gross Exposure Related to Rescinded Policies Within Twenty Four Months

'

'

'

'

'

'

'

'

135

'

'

'

'

'

'

'

'

'

'

'

Net Exposure Related to Claim Curtailments Within Twenty Four Months

'

'

'

'

'

'

'

63

'

'

'

'

'

'

'

'

'

'

'

'

Number of Months That the Gross Reinstatement Rate Used in Estimating Claim Liability Declines

'

'

'

'

'

'

'12 months

'

'24 months

'

'

'

'

'

'

'

'

'

'

'

Gross Reinstatement Percentage Assumption for Denied Claims

'

'

'

'

'

'

'

'

'

60.00%

'

0.00%

'

'

'

'

'

'

'

'

Gross Reinstatement Percentage Assumption on Rescinded Policies

'

'

'

'

'

'

'

'

'

'

20.00%

'

0.00%

'

'

'

'

'

'

'

Accrued Liability For Premiums Expected To Be Refunded From Rescissions

'

$8

'

$8

'

$17

'

'

'

'

'

'

'

'

'

'

'

'

'

'

[1]

Includes an amount related to a small number of submitted claims that were subsequently withdrawn by the insured.

Note_10_Financial_Guaranty_Ins3

Note 10 - Financial Guaranty Insurance Contracts Financial Guaranty Claim Liabilities by Surveillance Categories (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014
	policy
Financial Guaranty Claim Liabilities by Surveillance Categories	'
Number of policies	344
Remaining weighted-average contract period (in years)	'17 years
Insured contractual payments outstanding:	'
Principal	$1,697,428
Interest	899,309
Total insured contractual payments outstanding	2,596,737
Gross claim liability	275,129
Reductions of gross claim liability:	'
Gross potential recoveries	341,961
Discount, Net	-109,964
Net claim liability/(asset) (prior to reduction for unearned premium)	43,132
Unearned premium revenue	23,577
Net claim liability/(asset) reported in the balance sheet	29,905
Reinsurance recoverable	0
Performing	'
Financial Guaranty Claim Liabilities by Surveillance Categories	'
Number of policies	5
Remaining weighted-average contract period (in years)	'21 years
Insured contractual payments outstanding:	'
Principal	1,338
Interest	151
Total insured contractual payments outstanding	1,489
Gross claim liability	1
Reductions of gross claim liability:	'
Gross potential recoveries	0
Discount, Net	0
Net claim liability/(asset) (prior to reduction for unearned premium)	1
Unearned premium revenue	5
Net claim liability/(asset) reported in the balance sheet	0
Reinsurance recoverable	0
Special Mention	'
Financial Guaranty Claim Liabilities by Surveillance Categories	'
Number of policies	168
Remaining weighted-average contract period (in years)	'15 years
Insured contractual payments outstanding:	'
Principal	943,438
Interest	486,985
Total insured contractual payments outstanding	1,430,423
Gross claim liability	15,352
Reductions of gross claim liability:	'
Gross potential recoveries	1,830
Discount, Net	1,966
Net claim liability/(asset) (prior to reduction for unearned premium)	11,556
Unearned premium revenue	14,101
Net claim liability/(asset) reported in the balance sheet	4,736
Reinsurance recoverable	0
Intensified Surveillance	'
Financial Guaranty Claim Liabilities by Surveillance Categories	'
Number of policies	90
Remaining weighted-average contract period (in years)	'18 years
Insured contractual payments outstanding:	'
Principal	658,561
Interest	386,906
Total insured contractual payments outstanding	1,045,467
Gross claim liability	227,546
Reductions of gross claim liability:	'
Gross potential recoveries	291,209
Discount, Net	-110,678
Net claim liability/(asset) (prior to reduction for unearned premium)	47,015
Unearned premium revenue	9,471
Net claim liability/(asset) reported in the balance sheet	40,608
Reinsurance recoverable	0
Case Reserve	'
Financial Guaranty Claim Liabilities by Surveillance Categories	'
Number of policies	81
Remaining weighted-average contract period (in years)	'18 years
Insured contractual payments outstanding:	'
Principal	94,091
Interest	25,267
Total insured contractual payments outstanding	119,358
Gross claim liability	32,230
Reductions of gross claim liability:	'
Gross potential recoveries	48,922
Discount, Net	-1,252
Net claim liability/(asset) (prior to reduction for unearned premium)	-15,440
Unearned premium revenue	0
Net claim liability/(asset) reported in the balance sheet	-15,439
Reinsurance recoverable	$0

Note_10_Financial_Guaranty_Ins4

Note 10 - Financial Guaranty Insurance Contracts Premium Receivable and Unearned Premium NPV and Accretion (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Premiums receivable	$21.70	$25.20
Unearned premiums	24.9	27
Financial Guarantee Insurance Contracts, Premium Received over Contract Period, Premium Receivable, Accretion [Abstract]	'	'
Financial Guarantee Insurance Contracts, Premium Receivable, Premium Expected to be Collected	$27.40	'
Premium Receivable, Weighted Average Risk Free Discount Rate	2.60%	'

Note_10_Financial_Guaranty_Ins5

Note 10 - Financial Guaranty Insurance Contracts Adjustments To Premiums Earned For Financial Guaranty Contracts (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Adjustments To Premiums Earned For Financial Guaranty Contracts [Line Items]	'	'	'	'
Refundings	$6,253	$6,979	$14,443	$22,020
Recaptures/commutations	0	0	0	-2,447
Adjustments to installment premiums, gross of commissions	-1,586	-155	-1,425	2,527
Unearned premium acceleration upon establishment of case reserves	905	0	967	69
Adjustment To Premiums Earned Foreign Exchange Revaluation Gross of Commission	-299	112	21	-975
Total Adjustment To Premiums Earned For Financial Guaranty Contracts	$5,273	$6,936	$14,006	$21,194

Note_10_Financial_Guaranty_Ins6

Note 10 - Financial Guaranty Insurance Contracts Future Premium Revenues For Financial Guaranty Contracts (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014
Financial Guarantee Insurance Contracts, Future Expected Premium Revenue to be Recognized, Next Rolling Quarter [Member]	'
Future Premium Revenue To Be Recognized [Line Items]	'
Unearned premiums	$154,439
Amortization of Unearned Premium	6,080
Accretion of Premium Receivable and Unearned Premium	179
Total Premium Revenue to be recognized	6,259
Financial Guarantee Insurance Contracts, Future Expected Premium Revenue to be Recognized, Remainder of Fiscal Year [Member]	'
Future Premium Revenue To Be Recognized [Line Items]	'
Unearned premiums	154,439
Amortization of Unearned Premium	6,080
Accretion of Premium Receivable and Unearned Premium	179
Total Premium Revenue to be recognized	6,259
Financial Guarantee Insurance Contracts, Future Expected Premium Revenue to be Recognized, Year Two [Member]	'
Future Premium Revenue To Be Recognized [Line Items]	'
Unearned premiums	139,127
Amortization of Unearned Premium	15,312
Accretion of Premium Receivable and Unearned Premium	674
Total Premium Revenue to be recognized	15,986
Financial Guarantee Insurance Contracts, Future Expected Premium Revenue to be Recognized, Year Three [Member]	'
Future Premium Revenue To Be Recognized [Line Items]	'
Unearned premiums	126,046
Amortization of Unearned Premium	13,081
Accretion of Premium Receivable and Unearned Premium	617
Total Premium Revenue to be recognized	13,698
Financial Guarantee Insurance Contracts, Future Expected Premium Revenue to be Recognized, Year Four [Member]	'
Future Premium Revenue To Be Recognized [Line Items]	'
Unearned premiums	114,629
Amortization of Unearned Premium	11,417
Accretion of Premium Receivable and Unearned Premium	581
Total Premium Revenue to be recognized	11,998
Financial Guarantee Insurance Contracts, Future Expected Premium Revenue to be Recognized, Year Five [Member]	'
Future Premium Revenue To Be Recognized [Line Items]	'
Unearned premiums	103,819
Amortization of Unearned Premium	10,811
Accretion of Premium Receivable and Unearned Premium	530
Total Premium Revenue to be recognized	11,341
Financial Guarantee Insurance Contracts, Future Expected Premium Revenue to be Recognized Within Five Years [Member]	'
Future Premium Revenue To Be Recognized [Line Items]	'
Unearned premiums	103,819
Amortization of Unearned Premium	56,701
Accretion of Premium Receivable and Unearned Premium	2,581
Total Premium Revenue to be recognized	59,282
Financial Guarantee Insurance Contracts, Premium Receivable, Premium Expected to be Collected, Year Six Through Ten [Member]	'
Future Premium Revenue To Be Recognized [Line Items]	'
Unearned premiums	59,338
Amortization of Unearned Premium	44,480
Accretion of Premium Receivable and Unearned Premium	2,049
Total Premium Revenue to be recognized	46,529
Financial Guarantee Insurance Contracts, Future Expected Premium Revenue to be Recognized, Year 11 Through 15 [Member]	'
Future Premium Revenue To Be Recognized [Line Items]	'
Unearned premiums	29,650
Amortization of Unearned Premium	29,689
Accretion of Premium Receivable and Unearned Premium	1,334
Total Premium Revenue to be recognized	31,023
Financial Guarantee Insurance Contracts, Future Expected Premium Revenue to be Recognized, Year 16 Through 20 [Member]	'
Future Premium Revenue To Be Recognized [Line Items]	'
Unearned premiums	12,697
Amortization of Unearned Premium	16,962
Accretion of Premium Receivable and Unearned Premium	858
Total Premium Revenue to be recognized	17,820
Financial Guarantee Insurance Contracts, Future Expected Premium Revenue to be Recognized, Greater than 20 Years [Member]	'
Future Premium Revenue To Be Recognized [Line Items]	'
Unearned premiums	0
Amortization of Unearned Premium	12,697
Accretion of Premium Receivable and Unearned Premium	993
Total Premium Revenue to be recognized	13,690
Financial Guarantee Insurance Contracts Future Expected Premium Revenue to be Recognized [Member]	'
Future Premium Revenue To Be Recognized [Line Items]	'
Amortization of Unearned Premium	160,529
Accretion of Premium Receivable and Unearned Premium	7,815
Total Premium Revenue to be recognized	$168,344

Note_10_Financial_Guaranty_Ins7

Note 10 - Financial Guaranty Insurance Contracts Schedule of Significant Components Of Change In Financial Guaranty Claim Liability (Details) (USD $)

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2013

In Thousands, unless otherwise specified

Trade Credit Reinsurance and Surety Insurance [Member]

Trade Credit Reinsurance and Surety Insurance [Member]

Financial Guaranty Segment

Financial Guaranty Segment

Financial Guaranty Segment

Financial Guaranty Segment

Financial Guaranty Segment

Financial Guaranty Segment

Financial Guaranty Segment

Financial Guarantee Insurance Product Line [Member]

Financial Guarantee Insurance Product Line [Member]

Financial Guarantee Insurance Product Line [Member]

Financial Guarantee Insurance Product Line [Member]

Financial Guarantee Insurance Product Line [Member]

2012 FGIC Commutation [Member]

Balance at January 1

$1,620,351

$2,185,421

$2,346,879

$2,300

$1,600

$32,220

$32,094

$32,859

$23,611

$19,458

$64,291

'

Increase (decrease) in gross claim liability

'

'

'

'

'

'

'

-18,154

-28,486

8,965

-56,477

'

(Increase) decrease in gross potential recoveries

'

'

'

'

'

'

'

18,308

8,896

64,454

35,339

'

(Increase) decrease in discount

'

'

'

'

'

'

'

-8,438

24,075

-68,197

30,208

'

Decrease (increase) in unearned premiums

'

'

'

'

'

'

'

1,384

926

-1,887

213

'

Total incurred losses and LAE

'

'

'

'

'

'

'

-6,900

5,411

3,335

9,283

'

Paid Losses and LAE Current year

'

'

'

'

'

'

'

-669

-70

-692

-103

'

Paid losses and LAE Prior years

'

'

'

'

'

'

'

4,615

1,586

7,804

-42,933

41,600

Total paid losses and LAE

'

'

'

'

'

'

'

3,946

1,516

7,112

-43,036

'

Balance at September 30

1,620,351

2,185,421

2,346,879

2,300

1,600

32,220

32,094

29,905

30,538

29,905

30,538

'

Claim liability established in current period

'

'

'

'

'

'

'

922

866

13,065

1,249

'

Changes in existing claim liabilities

'

'

'

'

'

'

'

-7,822

4,545

-9,730

8,034

'

Components of increase in discount [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

Decrease (increase) in discount related to claim liabilities established in current period

'

'

'

'

'

'

'

322

268

-3,735

103

'

Decrease (increase) in discount related to existing claim liabilities

'

'

'

'

'

'

'

-8,760

23,807

-64,462

30,105

'

Total decrease (increase) in discount

'

'

'

'

'

'

'

($8,438)

$24,075

($68,197)

$30,208

'

Note_10_Financial_Guaranty_Ins8

Note 10 - Financial Guaranty Insurance Contracts Weighted Average Risk Free Rates For Financial Guaranty (Details)	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Weighted Average Discount Rate [Line Items]	'	'	'	'
Weighted Average Discount Rate, Percent	2.52%	3.00%	2.95%	2.00%

Note_11_LongTerm_Debt_Schedule

Note 11 - Long-Term Debt Schedule of Long Term Debt (Details) (USD $)

9 Months Ended

1 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

31-May-14

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Senior Notes Due 2015

Senior Notes Due 2015

Senior Notes Due 2015

Senior Notes Due 2017

Senior Notes Due 2017

Convertible Senior Notes Due 2017

Convertible Senior Notes Due 2017

Convertible Senior Notes Due 2019

Convertible Senior Notes Due 2019

Senior Notes Due 2019 [Member]

Senior Notes Due 2019 [Member]

Senior Notes Due 2019 [Member]

Total Long Term Debt

Total Long Term Debt

Convertible Debt [Member]

Convertible Debt [Member]

Convertible Debt [Member]

Convertible Debt [Member]

basispoint

Convertible Senior Notes Due 2017

Convertible Senior Notes Due 2017

Convertible Senior Notes Due 2019

Convertible Senior Notes Due 2019

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Interest Rate, Stated Percentage

'

'

'

'

5.38%

'

9.00%

'

3.00%

'

2.25%

'

5.50%

'

'

'

'

'

'

'

'

Long-term debt

$1,201,069,000

'

$930,072,000

'

$0

$54,481,000

$192,348,000

$191,611,000

$369,737,000

[1]

$353,798,000

[1]

$338,984,000

[2]

$330,182,000

[2]

$300,000,000

'

$0

$1,201,069,000

$930,072,000

$369,737,000

$353,798,000

$338,985,000

$330,182,000

Long-term Debt, Gross

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

450,000,000

450,000,000

400,000,000

400,000,000

Extinguishment of Debt, Amount

'

'

'

54,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repayments of Long-term Debt

57,223,000

79,372,000

'

57,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gains (Losses) on Extinguishment of Debt

'

'

'

-2,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Face Amount

'

'

'

'

'

'

'

'

'

'

'

'

'

300,000,000

'

'

'

'

'

'

'

Proceeds from Issuance of Debt

'

'

'

'

'

'

'

'

'

'

'

'

$293,800,000

'

'

'

'

'

'

'

'

PercentOfStockWithOrdinaryVotingRightsThatCompanyMustRetainInOrderToMakeAnyCapitalStockTransactionsUnderDebtCovenantAgreement

'

'

'

'

'

'

'

'

'

'

'

'

80.00%

'

'

'

'

'

'

'

'

Debt Instrument, Redemption Price, Percentage

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

Number of Basis Points Added to Treasury Rate Used in Calculating Redemption Price of Debt

'

'

'

'

'

'

'

'

'

'

'

'

50

'

'

'

'

'

'

'

'

[1]

The principal amount of these notes is $450 million.

[2]

The principal amount of these notes is $400 million.

Note_11_LongTerm_Debt_Schedule1

Note 11 - Long-Term Debt Schedule of Liability and Equity Components of Convertible Debt (Details) (USD $)	9 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Dec. 31, 2013
Schedule of Liability and Equity Components of Convertible Debt [Line Items]	'		'
Long-term debt, net	$1,201,069		$930,072
Convertible Senior Notes Due 2017	'		'
Schedule of Liability and Equity Components of Convertible Debt [Line Items]	'		'
Long-term debt, net	369,737	[1]	353,798	[1]
Convertible Senior Notes Due 2017 | Convertible Debt [Member]	'		'
Schedule of Liability and Equity Components of Convertible Debt [Line Items]	'		'
Principal amount of convertible debt in liabilities	450,000		450,000
Less: debt discount, net (1)	-80,263	[2]	-96,202	[2]
Long-term debt, net	369,737		353,798
Equity component (net of tax impact) (2)	65,679	[3]	65,679	[3]
Convertible Senior Notes Due 2019	'		'
Schedule of Liability and Equity Components of Convertible Debt [Line Items]	'		'
Long-term debt, net	338,984	[4]	330,182	[4]
Convertible Senior Notes Due 2019 | Convertible Debt [Member]	'		'
Schedule of Liability and Equity Components of Convertible Debt [Line Items]	'		'
Principal amount of convertible debt in liabilities	400,000		400,000
Less: debt discount, net (1)	-61,015	[2]	-69,818	[2]
Long-term debt, net	338,985		330,182
Equity component (net of tax impact) (2)	77,026	[3],[5]	77,026	[3],[5]
Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature	$0		$0
[1]	The principal amount of these notes is $450 million.
[2]	Included within long-term debt and is being amortized over the life of the convertible notes.
[3]	Amount included within additional paid-in capital, net of the capped call transactions (Convertible Senior Notes due 2017) and related issuance costs (Convertible Senior Notes due 2017 and 2019).
[4]	The principal amount of these notes is $400 million.
[5]	There was no net tax impact recorded in equity related to the Convertible Senior Notes due 2019, as a result of our full valuation allowance.

Note_11_LongTerm_Debt_Interest

Note 11 - Long-Term Debt Interest Expense Recognized Related to Convertible Debt (Details) (Convertible Debt [Member], USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Convertible Senior Notes Due 2017	'	'	'	'
Schedule of Interest Expense Recognized Related to Convertible Debt [Line Items]	'	'	'	'
Contractual interest expense of convertible debt	$3,375	$3,375	$10,125	$10,125
Amortization of debt issuance costs	308	291	912	861
Amortization of debt discount	5,441	4,943	15,939	14,481
Total interest expense for convertible debt	9,124	8,609	26,976	25,467
Debt Instrument, Interest Rate, Effective Percentage	9.75%	9.75%	9.75%	9.75%
Convertible Senior Notes Due 2019	'	'	'	'
Schedule of Interest Expense Recognized Related to Convertible Debt [Line Items]	'	'	'	'
Contractual interest expense of convertible debt	2,250	2,250	6,750	5,175
Amortization of debt issuance costs	322	311	957	711
Amortization of debt discount	2,980	2,801	8,803	6,378
Total interest expense for convertible debt	$5,552	$5,362	$16,510	$12,264
Debt Instrument, Interest Rate, Effective Percentage	6.25%	6.25%	6.25%	6.25%

Note_12_Accumulated_Other_Comp2

Note 12 - Accumulated Other Comprehensive Income Rollforward of Accumulated Other Comprehensive Income (Details) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Accumulated Other Comprehensive Income [Line Items]	'		'		'		'
Accumulated Other Comprehensive Income, Net of Tax, beginning balance	'		'		$37,383		'
Other Comprehensive Income, Net of Tax [Abstract]	'		'		'		'
Unrealized foreign currency translation adjustment, before reclassification	-186		0		-186		0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, Net of Tax	0		0		0		0
Net foreign currency translation adjustments	-186		0		-186		0
Unrealized holding (losses) gains arising during the period	-2,236		4,978		11,530		13,924
Less: Reclassification adjustment for net (losses) gains included in net income	-419		304		-287		879
Net unrealized (losses) gains on investments	-1,817		4,674		11,817		13,045
Other comprehensive income	-2,003		4,674		11,631		13,045
Accumulated Other Comprehensive Income, Net of Tax, ending balance	49,014		'		49,014		'
Other Comprehensive Income	'		'		'		'
Accumulated Other Comprehensive Income [Line Items]	'		'		'		'
Accumulated Other Comprehensive Income, before Tax, beginning balance	70,857		37,450		57,345		24,904
Accumulated Other Comprehensive Income, Tax, beginning balance	19,840		12,984		19,962		8,809
Accumulated Other Comprehensive Income, Net of Tax, beginning balance	51,017		24,466		37,383		16,095
Other Comprehensive Income, before Tax [Abstract]	'		'		'		'
Unrealized foreign currency translation adjustment, before Reclassification and Tax	-186		'		-186		'
Less: Reclassification adjustment, foreign currency translation adjustments, before Tax	0		'		0		'
Net foreign currency translation adjustments, before tax	-186		'		-186		'
Unrealized holding (losses) gains arising during the period, before tax	-2,281		7,659		11,437		21,422
Less: Reclassification adjustment for net (losses) gains included in net income, before tax	-541	[1]	444	[1]	-335	[1]	1,661	[1]
Net unrealized (losses) gains on investments, before tax	-1,740		7,215		11,772		19,761
Other comprehensive income, before tax	-1,926		7,215		11,586		19,761
Other Comprehensive Income, Tax [Abstract]	'		'		'		'
Unrealized foreign currency translation adjustment, before reclassification, tax	0		'		0		'
Less: Reclassification adjustment, foreign currency translation adjustments, tax	0		'		0		'
Net foreign currency translation adjustments, tax	0		'		0		'
Unrealized holding (losses) gains arising during the period, tax	-45		2,681		-93		7,498
Less: Reclassification adjustment for net (losses) gains included in net income, tax	-122	[1]	140	[1]	-48	[1]	782	[1]
Net unrealized gains (losses) on investments, tax	77		2,541		-45		6,716
Other Comprehensive Income, Tax	77		2,541		-45		6,716
Other Comprehensive Income, Net of Tax [Abstract]	'		'		'		'
Unrealized foreign currency translation adjustment, before reclassification	-186		'		-186		'
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, Net of Tax	0		'		0		'
Net foreign currency translation adjustments	-186		'		-186		'
Unrealized holding (losses) gains arising during the period	-2,236		4,978		11,530		13,924
Less: Reclassification adjustment for net (losses) gains included in net income	-419	[1]	304	[1]	-287	[1]	879	[1]
Net unrealized (losses) gains on investments	-1,817		4,674		11,817		13,045
Other comprehensive income	-2,003		4,674		11,631		13,045
Accumulated Other Comprehensive Income, before Tax, ending balance	68,931		44,665		68,931		44,665
Accumulated Other Comprehensive Income, Tax, ending balance	19,917		15,525		19,917		15,525
Accumulated Other Comprehensive Income, Net of Tax, ending balance	$49,014		$29,140		$49,014		$29,140
[1]	Included in net (losses) gains on investments on our condensed consolidated statements of operations.

Note_13_Income_Taxes_Income_Ta

Note 13 - Income Taxes Income Tax (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Operating Loss Carryforwards [Line Items]	'	'
Operating Loss Carryforwards	$1,600,000,000	'
Tax Credit Carryforward, Amount	26,300,000	'
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	34,400,000	'
Deferred Tax Assets (Liabilities), Net	833,400,000	1,040,200,000
Valuation Allowance, Amount	834,500,000	1,022,300,000
Deferred tax assets, net	0	17,902,000
Valuation Allowance, Deferred Tax Asset, Change in Amount	-187,800,000	'
Continuing Operations [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Valuation Allowance, Deferred Tax Asset, Change in Amount	-184,800,000	'
Other Comprehensive Income (Loss) [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Valuation Allowance, Deferred Tax Asset, Change in Amount	-4,100,000	'
Reserve for Impairment of Intangible Assets [Member]	'	'
Operating Loss Carryforwards [Line Items]	'	'
Valuation Allowance, Deferred Tax Asset, Change in Amount	$1,100,000	'

Note_13_Income_Taxes_Summary_o

Note 13 - Income Taxes Summary of Income Tax Examinations (Details) (Internal Revenue Service (IRS) [Member], USD $)	Sep. 30, 2014	3-May-10	Jun. 30, 2008
In Millions, unless otherwise specified
Income Tax Examination [Line Items]	'	'	'
Income Tax Examination, Amount of Claimed Income Tax Refund Being Disallowed for Tax Years 2006 and 2007	$105	'	'
REMIC Residual [Member]	'	'	'
Income Tax Examination [Line Items]	'	'	'
Qualified Deposit With The U.S. Department Of Treasury Relating to Tax Years 2000 Through 2004	'	'	85
Qualified Deposit With The U.S. Department Of Treasury Relating To Tax Years 2005 Through 2007	'	4	'
Income Tax Examination, Notice of Deficiency, Amounts Related to Unpaid Taxes and Penalties	157	'	'
Income Tax Examination, Estimated Interest on Notice of Deficiency Amounts	113	'	'
Income Tax Examination, Proposed State Liabilities Resulting from IRS Examination of Tax Years 2000 Through 2007	$30	'	'

Note_14_Statutory_Information_2

Note 14 - Statutory Information Statutory Information (Details) (USD $)

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Jul. 31, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2015

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Radian Guaranty [Member]

Radian Guaranty [Member]

Radian Asset Assurance [Member]

Radian Asset Assurance [Member]

Radian Asset Assurance [Member]

Radian Asset Assurance [Member]

Radian Asset Assurance [Member]

Radian Asset Assurance [Member]

Radian Asset Assurance [Member]

Radian Asset Assurance [Member]

Radian Asset Assurance [Member]

Financial Guarantee Insurance Product Line [Member]

Other Insurance Product Line [Member]

NEW YORK

Scenario, Forecast [Member]

Minimum [Member]

Minimum [Member]

Maximum [Member]

Radian Asset Assurance [Member]

Radian Asset Assurance [Member]

NEW YORK

New York State Department of Financial Services [Member]

NEW YORK

Minimum [Member]

Minimum [Member]

New York State Department of Financial Services [Member]

New York State Department of Financial Services [Member]

Statutory Accounting Practices [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restricted Net Assets Held by Consolidated Subsidiaries

$1,900,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Statutory Accounting Practices, Statutory Net Income Amount

'

393,600,000

-23,800,000

'

-7,400,000

-24,900,000

'

'

'

'

'

'

'

'

Statutory capital

'

1,326,100,000

1,317,800,000

'

1,033,100,000

1,198,000,000

1,033,100,000

'

'

'

'

'

'

'

Statutory contingency reserve

'

291,400,000

23,000,000

'

287,700,000

264,000,000

287,700,000

'

'

'

'

'

'

'

Statutory Accounting Practices, Percent of Statutory Surplus to Policyholders Available for Dividend Payments without Regulatory Approval

'

'

'

'

'

'

'

10.00%

'

'

'

'

'

'

Statutory Accounting Practices, Percent of Statutory Adjusted Net Investment Income Available for Dividend Payments without Regulatory Approval

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

Cash Dividends Paid to Parent Company by Consolidated Subsidiaries

'

'

'

150,000,000

'

'

'

'

'

'

'

'

'

'

Statutory Accounting Practices, Statutory Amount Available for Dividend Payments without Regulatory Approval

'

'

'

'

'

'

'

'

26,500,000

'

'

'

'

'

Claims Paying Resources

'

'

'

'

1,400,000,000

'

1,400,000,000

'

'

'

'

'

'

'

Percentage Reduction Of Net Par Outstanding

'

'

'

'

'

'

83.00%

'

'

'

'

'

'

'

Net Par Outstanding

'

'

'

'

19,400,000,000

'

19,400,000,000

'

'

'

'

'

'

'

Aggregate Risk Limit For Financial Guarantee Insurance Contracts

'

'

'

'

'

'

'

'

'

0.33%

'

4.00%

'

'

Statutory Minimum Policyholders' Surplus Required For Financial Guaranty Insurers In The State Of New York

'

'

'

'

'

'

'

'

'

'

$66,400,000

'

$65,000,000

$1,400,000

Note_14_Statutory_Information_3

Note 14 - Statutory Information Risk To Capital Calculation (Details) (Radian Guaranty [Member], USD $)	Sep. 30, 2014		Dec. 31, 2013
In Millions, unless otherwise specified
Radian Guaranty [Member]	'		'
Risk to Capital Line Items [Line Items]	'		'
Risk In Force	$29,713.40	[1]	$26,128.20	[1]
Statutory capital	1,326.10		1,317.80
Contingency reserve	291.4		23
Statutory Accounting Practice, Statutory Position	$1,617.50		$1,340.80
Risk-to-capital	18.4		19.5
Risk to Capital Ratio, Entity's Intended Maximum	20		'
[1]	Excludes risk ceded through reinsurance contracts (to third parties and affiliates) and RIF on defaulted loans.

Note_15_Selected_Financial_Inf2

Note 15 - Selected Financial Information of Registrant Selected Financial Information of Registrant (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013
In Thousands, unless otherwise specified
Condensed Financial Statements, Captions [Line Items]	'	'	'
Assets	$5,959,691	$5,621,691	$5,758,573
Long-term debt	1,201,069	930,072	'
Liabilities	4,225,290	4,682,046	'
Stockholders' Equity Attributable to Parent	1,734,401	939,645	'
Liabilities and Equity	5,959,691	5,621,691	'
Parent Company	'	'	'
Condensed Financial Statements, Captions [Line Items]	'	'	'
Investments in subsidiaries, at equity in net assets	2,107,572	1,419,360	'
Assets	3,102,058	2,112,495	'
Long-term debt	1,201,069	930,072	'
Liabilities	1,367,657	1,172,850	'
Stockholders' Equity Attributable to Parent	1,734,401	939,645	'
Liabilities and Equity	$3,102,058	$2,112,495	'

Note_16_Commitments_and_Contin1

Note 16 - Commitments and Contingencies Legal Proceedings (Details) (USD $)	Sep. 30, 2014	Apr. 09, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
In Millions, unless otherwise specified	matters	Real Estate Settlement Practices Act of 1974 [Member]	Internal Revenue Service (IRS) [Member]	Captive Reinsurance Arrangements [Member]	Minimum [Member]	Total Primary Insurance Mortgage Insurance Products [Member]	Pool Insurance Mortgage Insurance Product [Member]	REMIC Residual [Member]	Settled Litigation [Member]
					plaintiff	Maximum [Member]	Maximum [Member]	Internal Revenue Service (IRS) [Member]	Loss Contingency 8-1-2011 Claim [Member]
					loan	Insurance Claims [Member]	Insurance Claims [Member]		loan
Loss Contingencies [Line Items]	'	'	'	'	'	'	'	'	'
Litigation Settlement, Number of Home Mortgage Loans	'	'	'	'	'	'	'	'	507
Risk In Force	'	'	'	'	'	'	'	'	$29
Litigation Settlement, Gross	'	3.75	'	'	'	'	'	'	'
Number Of Home Mortgage Loans Involved In Pending Litigation	'	'	'	'	1	'	'	'	'
Loss Contingency, Number of Plaintiffs Whose Loans Were Insured	'	'	'	'	1	'	'	'	'
Minimum Number of Pending or Threatened Matters That Could Effect Our Results	1	'	'	'	'	'	'	'	'
Loss Contingency, Settlement Agreement, Number of Years Restricted From Activities	'	'10 years	'	'	'	'	'	'	'
Insurance Recoveries	'	'	'	817	'	'	'	'	'
Income Tax Examination, Notice of Deficiency, Amounts Related to Unpaid Taxes and Penalties	'	'	'	'	'	'	'	157	'
Income Tax Examination, Estimated Interest on Notice of Deficiency Amounts	'	'	'	'	'	'	'	113	'
Income Tax Examination, Proposed State Liabilities Resulting from IRS Examination of Tax Years 2000 Through 2007	'	'	'	'	'	'	'	30	'
Income Tax Examination, Amount of Claimed Income Tax Refund Being Disallowed for Tax Years 2006 and 2007	'	'	$105	'	'	'	'	'	'
Loss Contingency, Legal Actions Commencement, Period	'	'	'	'	'	'2 years	'3 years	'	'

Note_16_Commitments_and_Contin2

Note 16 - Commitments and Contingencies Guarantor Obligations (Details) (USD $)	Sep. 30, 2014	Mar. 01, 2011	Dec. 31, 2010
In Millions, unless otherwise specified	Guaranteed Structured Transactions [Member]	Foreign Holding Company [Member]	Foreign Holding Company [Member]
	transaction
Guarantor Obligations [Line Items]	'	'	'
Number of Guaranteed Structured Transactions For Radian Guaranty	2	'	'
Guarantor Obligations, Maximum Exposure, Undiscounted	$134.10	'	$103.40
Percentage Investment Interest In Foreign Holding Company	'	45.00%	'

Note_16_Commitments_and_Contin3

Note 16 - Commitments and Contingencies Purchase Committment, Excluding Long Term Committment (Details) (Purchase Commitment [Member], USD $)	Sep. 30, 2014
In Millions, unless otherwise specified
Purchase Commitment [Member]	'
Purchase Commitment, Excluding Long-term Commitment [Line Items]	'
Purchase Commitment, Remaining Minimum Amount Committed	$7.50

Note_16_Commitments_and_Contin4

Note 16 - Commitments and Contingencies Contract Underwriting (Details) (Mortgage Insurance Segment, USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014
Mortgage Insurance Segment	'
Contract Underwriting [Line Items]	'
Losses Paid For Contract Underwriting Remedies	$1
Reserve For Contract Underwriting Obligations	$2.60

Note_16_Commitments_and_Contin5

Note 16 - Commitments and Contingencies Contingent Claims for Trade Credit and Surety Primary Insurers (Details) (Trade Credit Reinsurance and Surety Insurance [Member], Financial Guaranty Segment, USD $)	Sep. 30, 2014
In Millions, unless otherwise specified	servicers
Loss Contingencies [Line Items]	'
Number of Servicers Who Have Submitted Claims	1
Percentage of Claims Rejected by Entity	100.00%
Euro Member Countries, Euro	'
Loss Contingencies [Line Items]	'
Loss Contingency, Claims Received Through Reporting Period	12.4
Loss Contingency, Range of Possible Loss, Maximum	16.9
United States of America, Dollars	'
Loss Contingencies [Line Items]	'
Loss Contingency, Claims Received Through Reporting Period	15.7
Loss Contingency, Range of Possible Loss, Maximum	21.3

Note_16_Commitments_and_Contin6

Note 16 - Commitments and Contingencies Employee Related Obligations (Details) (Financial Guaranty Segment, USD $)	Sep. 30, 2014
In Millions, unless otherwise specified
Financial Guaranty Segment	'
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]	'
Total Incentive Retention And Severance Agreement Expenses Expected To Be Incurred	$10.10
Unrecorded Incentive Retention And Severance Agreement Expenses	$1.30

Note_17_Net_Income_Loss_Per_Sh2

Note 17 - Net Income (Loss) Per Share Net Income (Loss) Per Share (Details) (USD $)	3 Months Ended				9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]	'		'		'		'
Net income (loss)	$153,590		($12,682)		$531,182		($233,354)
Net income (loss) after assumed conversion of convertible debt	159,142		-12,682		547,692		-233,354
Average common shares outstanding—basic	191,050,000		171,830,000		182,357,000		162,828,000
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	2,939,000	[1]	0	[1]	2,904,000	[1]	0	[1]
Adjusted shares outstanding—diluted	238,067,000		171,830,000		230,662,000		162,828,000
Basic net income (loss) per share	$0.80		($0.07)		$2.91		($1.43)
Diluted net income (loss) per share	$0.67		($0.07)		$2.37		($1.43)
Stock Compensation Plan [Member]	'		'		'		'
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]	'		'		'		'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	557,240		'		557,240		'
Stock Compensation Plan and Convertible Debt Securities [Member]	'		'		'		'
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]	'		'		'		'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	'		43,289,967		'		43,289,967
Convertible Debt [Member] | Convertible Senior Notes Due 2017	'		'		'		'
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]	'		'		'		'
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	6,342,000		0		7,665,000		0
Convertible Debt [Member] | Convertible Senior Notes Due 2019	'		'		'		'
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]	'		'		'		'
Adjustment for interest expense incurred on assumed conversion of convertible debt, net	$5,552	[2]	$0	[2]	$16,510	[2]	$0	[2]
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	37,736,000		0		37,736,000		0
[1]	For the three and nine months ended September 30, 2014, 557,240 shares of our common stock equivalents issued under our stock-based compensation arrangements were not included in the calculation of diluted net income per share as of such date because they were anti-dilutive. As a result of our net loss for the three and nine months ended September 30, 2013, 43,289,967 shares of our common stock equivalents issued under our stock-based compensation arrangements and convertible debt were not included in the calculation of diluted net loss per share as of such date because they were anti-dilutive.
[2]	As applicable, includes coupon interest, amortization of discount and fees, and other changes in income or loss that would result from the assumed conversion.

Note_18_Capital_Stock_Capital_

Note 18 - Capital Stock Capital Stock (Details) (USD $)	9 Months Ended		1 Months Ended	9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	31-May-14	Sep. 30, 2014
			Common Stock	Common Stock
Class of Stock [Line Items]	'	'	'	'
Common Stock, Shares, Issued	'	'	17,825	'
Shares Issued, Price Per Share	'	'	$14.50	'
Issuance of common stock	$247,188	$299,410	'	$247,200