• MBIA settles with Bank of America over allegedly defective mortgages

    Financial services company MBIA Inc. is settling with Bank of America Corp. and its Countrywide unit after five years of litigation over Bank of America’s allegedly defective securitized mortgage loans, Bloomberg reports.

  • $5-billion suit against MBIA resuscitated

    The heat is on again for MBIA Inc., and it may be starting to feel like 2007 all over again. New York’s Court of Appeals yesterday reinstated a breach-of-contract lawsuit against the insurer, saying that it is not pre-empted by state insurance law.

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