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Loan Modification

: Mortgage Lender Implode-o-Meter

MBIA CEO Cites ?Ineligible? Debt as Source of Relief

By Implode-Explode Heavy Industries

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"MBIA Inc. Chief Executive Officer Jay Brown said the largest bond insurer may be able to unwind much of its credit losses because the debt it agreed to back didn?t meet contractual promises."

Full post as published by Mortgage Lender Implode-o-Meter on May 12, 2009 (boomark / email).

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