Exhibit 99.1

              MBIA Announces Changes to Executive Management Team

     ARMONK, N.Y.--(BUSINESS WIRE)--Feb. 16, 2007--MBIA announced today that it
has reorganized its executive management team. Neil Budnick, president of MBIA
Insurance Corporation and responsible for all new financial guarantee insurance
business, has announced that he is leaving the Company to pursue other
interests. His responsibilities will be assumed by Gary C. Dunton, chief
executive officer. Mark Zucker, managing director and head of Global Structured
Finance, also will be leaving the Company to pursue other interests. William
Fallon, managing director and head of Corporate Strategy, has been named head of
Global Structured Finance, replacing Mr. Zucker. Messrs. Budnick and Zucker will
leave MBIA by April 30.

     "Neil's enthusiasm, leadership and dedication over the past 23 years have
been instrumental in building MBIA's franchise and establishing our position as
a leader in the financial guarantee industry. We are grateful for his vision and
invaluable contributions to the Company," said Mr. Dunton. "For the last seven
years, Mark's leadership in the Structured Finance Division has helped broaden
MBIA's footprint in structured finance and enabled us to pioneer several new
asset classes. We wish Neil and Mark well in their future endeavors."

     "Bill Fallon has demonstrated leadership in the Company," Mr. Dunton
continued. "I am confident that, together with our strong management team in
structured finance, he will help further strengthen our global presence in
structured finance."

     Prior to joining MBIA in 2005, Mr. Fallon was a partner in the Insurance
Group at McKinsey & Company and was co-leader of the firm's Corporate Finance
and Strategy practice. While there, he served as a key member of the North
American Wholesale Financial Institutions and Risk Management practices. Mr.
Fallon has a B.A. in economics from the College of William and Mary and an
M.B.A. from The Amos Tuck School at Dartmouth, where he was elected a Tuck
Scholar.

     The Company also announced that Willard Hill, managing director and Chief
Compliance Officer, has been named Chief Marketing and Communications Officer
and will assume responsibility for investor relations, corporate marketing and
communications, government relations and the MBIA Foundation. Additionally,
Charlie Williams, managing director and head of Investor Relations, will retire
on March 31 after fifteen years of dedicated service. Greg Diamond, a director
and head of Equity Investor Relations, will now manage both equity and
fixed-income investor relations. Dan McManus, a director in the Legal Division
supporting the Public Finance Division, has been named Chief Compliance Officer
and will take over the compliance function from Mr. Hill in addition to
continuing to support public finance. Messrs. Fallon, Hill, Diamond and McManus
will assume their new positions effective March 1.

     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.
              Michael Ballinger, 914-765-3893