Exhibit 99.1

    MBIA Announces Conclusion to Review by Independent Consultant


    ARMONK, N.Y.--(BUSINESS WIRE)--July 25, 2007--MBIA Inc. (NYSE:
MBI) and MBIA Insurance Corporation announced today that the
Independent Consultant, who was retained by MBIA pursuant to its
previously announced settlement with the Securities and Exchange
Commission (SEC), the New York Attorney General's Office (NYAG) and
the New York State Insurance Department (NYSID), has completed his
review. The Independent Consultant was retained to assess MBIA's
accounting and disclosures for its investment in Capital Asset
Holdings GP, Inc., and for its exposure on notes issued by the US
Airways 1998--1 Repackaging Trust. The Independent Consultant has
concluded that MBIA's accounting and disclosures concerning these
matters were consistent with GAAP and the federal securities laws.

    The Independent Consultant also reported to the SEC, the NYAG and
the NYSID on the evaluation previously undertaken at the direction of
the Audit Committee of MBIA's board of directors by Promontory
Financial Group LLC. Promontory's review included a comprehensive
assessment of the Company's compliance organization and monitoring
systems, internal audit functions, governance process and other
controls, including risk management and records management policies
and procedures. The Independent Consultant examined the design of
Promontory's review and the Company's implementation of Promontory's
recommendations. The Independent Consultant found that both the
Promontory review and MBIA's implementation of Promontory's
recommendations were reasonable and concluded that no further changes
or improvements to MBIA's policies and procedures were necessary to
achieve best practices.

    The Independent Consultant has reported his findings to the SEC,
the NYAG and the NYSID, and to MBIA's board of directors. The
regulatory agencies have now completed their review of the Independent
Consultant's report. The Company does not expect any further
enforcement actions in connection with the matters covered by the
Independent Consultant's report. Gary C. Dunton, MBIA chairman and
chief executive officer, said, "We believe the Independent
Consultant's investigation was thorough and are pleased with his
conclusions."

    In January, 2007, MBIA announced civil settlements with the SEC,
the NYAG, and the NYSID and the satisfactory completion and submission
of PricewaterhouseCoopers' report on a variety of accounting issues
specified by the regulatory settlements.

    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
www.mbia.com.

    CONTACT: Media:
             MBIA Inc.
             Michael Ballinger, 914-765-3893