1
                                                                    Exhibit 23.1



                       CONSENT OF INDEPENDENT ACCOUNTANTS


We consent to the  incorporation by reference in the Registration  Statements of
MBIA Inc. and  Subsidiaries  on the forms S-3 (No.  333-15003  and 333-60039 and
333-62961) and S-8 (Nos. 33-22441 and 33-46062 and 333-34101) of:


(1)  Our  report  dated  February  2,  2001 on our  audits  of the  consolidated
     financial  statements of MBIA Inc. and Subsidiaries as of December 31, 2000
     and 1999,  and for each of the three years in the period ended December 31,
     2000,  which report is  incorporated  by reference in this Annual Report on
     Form 10-K for the fiscal year ended December 31, 2000;

(2)  Our report dated February 2, 2001 on our audits of the financial  statement
     schedules of MBIA Inc. and  Subsidiaries,  which report is included in this
     Annual Report on Form 10-K for the fiscal year ended December 31, 2000; and

(3)  Our  report  dated  February  2,  2001 on our  audits  of the  consolidated
     financial  statements of MBIA Insurance  Corporation and Subsidiaries as of
     December  31, 2000 and 1999,  and for each of the three years in the period
     ended  December  31,  2000,  which is included in Exhibit 99 to this Annual
     Report on Form 10-K for the fiscal year ended December 31, 2000.



                                                   /s/PricewaterhouseCoopers LLP
                                                   -----------------------------
                                                      PricewaterhouseCoopers LLP


New York, New York
February 2, 2001