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MBIA Inc. Message Board

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  • nilsdegraaf nilsdegraaf Jul 16, 2010 8:12 AM Flag

    JP Morgan Q2 result

    "The net loss in Home Loans and Insurance increased $808 million compared to the year-ago period. Revenue decreased 37 percent largely due to lower mortgage banking income. The year-over-year decline in mortgage banking income was driven by the $802 million increase in representations and warranties expense, ...."

    Similar to JPM, the money is coming MBIA's way. Soon.

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