In 3Q09, MBIA continued to review the mortgage loans in its insured deals. Based on this, the expected net cash flows were revised based on these additional loan reviews.

The results were reflected in the estimated potential recoveries related to ineligible mortgage loans in certain insured first and second-lien MBS, which are subject to a contractual obligation by the sellers/servicers to repurchase or replace ineligible mortgage loans. This is according to yesterday's 10-Q filing with the Securities and Exchange Commission by the company.

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