More on MBIA (MBI) Q3 earnings: Along with deterioration in its commercial real estate...

|About: MBIA Inc. (MBI)|By:, SA News Editor

More on MBIA (MBI) Q3 earnings: Along with deterioration in its commercial real estate exposures, the company cites "losses on insured RMBS transactions from ineligible mortgages" - i.e., Bank of America not repurchasing bad paper - for the big miss. The company remains "confident" it will resolve the BofA litigation and collect the put-back recoverables. The market believes: Shares +2.1% AH. (PR)