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Loan Modification

: Mortgage Lender Implode-o-Meter

MBIA to acquire rest of reinsurer Channel Re

By Implode-Explode Heavy Industries

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"MBIA Inc. said Wednesday that its bond insurance subsidiary has acquired the remaining 83 percent of Channel Re Holdings Ltd. and Channel Reinsurance Ltd. that it didn't already own for $40 million."

Full post as published by Mortgage Lender Implode-o-Meter on July 29, 2010 (boomark / email).

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