Cyprexx: Discrimination charges “frivolous”

Cyprexx: Discrimination charges “frivolous”

Fannie Mae contractor responds to charges from National Fair Housing Alliance

Hey CNBC, shut up about millennials already

Your advice is patronizing, contradictory and just plain wrong

Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans

Items Tagged with 'MBIA'


Private mortgage insurers start new trade group

Dedicate themselves to the return of private capital
March 7, 2014
The United States Mortgage Insurers will be backed by private capital that "enables access to housing finance for borrowers while protecting taxpayers," executives said in an email.
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MBIA reports diving quarterly net income

Company struggling to get through restructure
March 3, 2014
MBIA reported an adjusted pre-tax loss of $84 million for the fourth quarter of 2013 compared with adjusted pre-tax income of $110 million for the fourth quarter of 2012.
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What a difference a year makes

Flagstar “a favored stock pick” after a rough year
January 8, 2014
Lender Flagstar Bank doesn’t exactly personify the old ‘phoenix rising from the ashes’ story line, but it’s pretty close. With most rep and warrants litigation behind it, the firm's stock is gaining traction in the eyes of at least one analyst group.
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MBIA raises money selling put-back claims

Sales involve claims related to insured loans from RFC, ResCap and GMAC
December 26, 2013
Monoline insurer MBIA managed to distance itself from loans tied to the bankruptcy estates of Residential Funding Co., Residential Cap and GMAC. The company sold its interest in claims against the firms this week.
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MBIA profit soars to $132 million

November 13, 2013
MBIA’s third-quarter earnings jumped as the bond insurer benefited from derivative-related gains that offset declines in net premiums written.
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MBIA says it’s sitting prettier, analysts agree

Bond insurer no longer worried about being an 'ongoing concern'
August 22, 2013
It’s been a rough few years for bond insurer MBIA, but after settling legacy mortgage-backed securities litigation with Bank of America and Société Générale, the bond insurer assured investors this week in a securities filing that all major doubts about the firm’s future are over.
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Muni bond investors plan to benefit from Detroit

August 12, 2013
Bond issuers exposed to billions of dollars of Detroit debt expect to emerge as winners in the long run from the largest municipal bankruptcy in the nation.
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MBIA posts deep second-quarter loss

Insured derivatives turned out to be the culprit
August 7, 2013
Bond insurer MBIA posted a deep second-quarter loss as the firm continued to lose money on insured derivatives.
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BofA, MBIA settlement is credit positive for military housing bonds

May 31, 2013
A recent settlement between Bank of America and MBIA Insurance Corp in regards to MBIA’s suit against the mega bank over sour mortgage-backed securities is credit...
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It’s a wrap: MBIA, Bank of America end legacy mortgage litigation

May 6, 2013
Bank of America and MBIA ended two pieces of legacy litigation this week, putting to rest a prominent mortgage-backed securities case and a lawsuit challenging MBIA’s...
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