Mbia (MBI)

Mbia (MBI) Stock Quote Information

MBIA Inc., together with its subsidiaries, provides financial guarantee insurance and related reinsurance, advisory, and portfolio services, as well as investment management services to public finance and structured finance markets. It issues financial guarantees for municipal bonds, asset-backed and mortgage-backed securities, investor-owned utility bonds, bonds backed by publicly or privately funded public-purpose projects, bonds issued by sovereign and sub-sovereign entities, and bonds backed by other revenue sources, such as corporate franchise revenues. The company also insures credit default swaps on structured pools of corporate obligations, residential mortgage-backed securities, and commercial real estate backed securities and loans. In addition, MBIA offers advisory services, including cash management, discretionary asset management, and structured products provided on a fee-for-service basis for public, not-for-profit, corporate, and financial services clients. It primarily operates in the United States, Europe, Central and South America, and Asia. The company was founded in 1973 and is based in Armonk, New York.