MBIA (MBI) notches a victory in its legal battle with Bank of America (BAC), an appeals court...

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

MBIA (MBI) notches a victory in its legal battle with Bank of America (BAC), an appeals court ruling BofA could be required to repurchase loans even if they aren't in default. It's a "huge win" for MBIA, writes Christian Herzeca, very similar to Assured Guaranty's victory over Flagstar bank.