MBIA (MBI) Gains Amid BofA (BAC) Settlement with NCUA
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Moving higher on the session is MBIA, Inc. (NYSE: MBI) following an announcement that Bank of America (NYSE: BAC) is settling with the National Credit Union Administration (NCUA) over losses related to purchases of residential mortgage-backed securities by failed corporate credit unions.
Though the decision may not directly impact MBIA, the firm is in litigation to settle MBS suits with several institutions, including BofA. For more color on where MBIA is at, click here.
Shares are up 3.9 percent Tuesday.
Though the decision may not directly impact MBIA, the firm is in litigation to settle MBS suits with several institutions, including BofA. For more color on where MBIA is at, click here.
Shares are up 3.9 percent Tuesday.
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