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Real Estate & Property Law

: Housing Wire

MBIA Posts Profit Despite Second-Lien Woes

By JACOB GAFFNEY

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Monoline bond insurer MBIA, Inc. (MBI: 6.96 -3.47%) posted a surprise profit for shareholders in Q109, despite ongoing issues in its structured finance portfolio. Analysts had largely expected a loss. The firm said it earned $696.7m, or $3.34 per share, during the first quarter, compared with a net loss of $2.4bn, or $12.92 per share, [...]

Full post as published by Housing Wire on May 11, 2009 (boomark / email).

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