Seeking Alpha

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

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)
Comments (2)
  • Michael Bryant
    , contributor
    Comments (5182) | Send Message
     
    I think (MBI) will resolve it too. (BAC) got themselves in a lot of trouble.
    7 Nov 2012, 11:19 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (7838) | Send Message
     
    But how is MBIA core business doing?
    That is the key.
    7 Nov 2012, 11:24 PM Reply Like
DJIA (DIA) S&P 500 (SPY)