8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported): February 1, 2007

                                    MBIA INC.
             (Exact name of registrant as specified in its charter)

        Connecticut                     1-9583                   06-1185706
(State or other jurisdiction    (Commission File Number)       (IRS Employer
    of incorporation)                                        Identification No.)


             113 King Street,
             Armonk, New York                                 10504
    (Addresses of principal executive offices)              (Zip Code)

               Registrant's telephone number, including area code:
                                  914-273-4545

                                 Not Applicable
          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

|_| Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))

================================================================================


Item 8.01.      OTHER EVENTS.

The following information, including the Exhibit to this Form 8-K, is being
furnished pursuant to Item 8.01 - Other Events of Form 8-K.

On February 1, 2007, MBIA Inc. ("MBIA") issued a press release announcing that
MBIA's Board of Directors has authorized the repurchase of up to $1 billion of
its outstanding shares in the open market.

A copy of the press release is attached as Exhibit 99.1 to this Form 8-K and is
incorporated by reference to this Item 8.01 as if fully set forth herein.

Item 9.01.      FINANCIAL STATEMENTS AND EXHIBITS.

99.1            Press Release issued by MBIA Inc. dated February 1, 2007.



                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                        MBIA INC.


                                        By: /s/ Ram D. Wertheim
                                            ------------------------------------
                                            Ram D. Wertheim
                                            General Counsel

Date: February 1, 2007



                   EXHIBIT INDEX TO CURRENT REPORT ON FORM 8-K
                             Dated February 1, 2007


Exhibit 99.1    Press Release issued by MBIA Inc. dated February 1, 2007.

EX-99.1

                                                                    Exhibit 99.1

       MBIA Announces $1 Billion Share Repurchase Authorization


    ARMONK, N.Y.--(BUSINESS WIRE)--Feb. 1, 2007--MBIA Inc. (NYSE: MBI)
announced today that the Company's board of directors has authorized
the repurchase of up to $1 billion of its outstanding shares in the
open market. This new program will replace the approximately 5 million
shares remaining in the board's August 2004 authorization.

    C. Edward Chaplin, MBIA Chief Financial Officer said, "The new
share repurchase program reflects our strong financial position and
will allow us to manage toward a more efficient capital structure. A
share repurchase program is an excellent way to return cash to
shareholders, thereby improving return on equity and enhancing
shareholder value."

    The Company's ability to buy back stock will be dependent on the
amount of dividends paid to it by MBIA Insurance Corp., which requires
prior approval of the New York State Insurance Department.
Acquisitions in the repurchase program will be made from time to time
in the open market and/or in private transactions as permitted by
securities laws and other legal requirements. The program may be
suspended or discontinued at any time without prior notice.

    MBIA Inc., through its subsidiaries, is a leading financial
guarantor and provider of specialized financial services. MBIA's
innovative and cost-effective products and services meet the credit
enhancement, financial and investment needs of its public and private
sector clients, domestically and internationally. MBIA Inc.'s
principal operating subsidiary, MBIA Insurance Corporation, has a
financial strength rating of Triple-A from Moody's Investors Service
Standard & Poor's Ratings Services, Fitch Ratings, and Rating and
Investment Information, Inc. Please visit MBIA's Web site at
http://www.mbia.com.

    CONTACT: MBIA Inc.
             Elizabeth James, 914-765-3889