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Real Estate & Property Law

: Housing Wire

MBIA Posts Q3 Loss, Builds Loss Reserves

By PAUL JACKSON

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Beleaguered bond insurer MBIA Inc. (MBI: 8.16 -21.99%) said Wednesday before market open that it lost $806.5 million, or $3.48 per share, during the third quarter, driven primarily by increases to loss reserves on the company’s second lien residential mortgage exposures. The quarterly loss compares to a $36.6 million net loss, or $.30/share, in the [...]

Full post as published by Housing Wire on November 05, 2008 (boomark / email).

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