MBIA Inc.’s chief executive officer said Wednesday that it is only a matter of time before the troubled bond insurer is reimbursed by financial institutions for its losses related to residential mortgage-backed securities that it insured during the housing boom.

Chief executive Joseph Brown said during an earnings call with investors that while there was no direct impact on MBIA from April’s $1.1 billion settlement between bond insurer Assured Guaranty and Bank of America, the deal is an encouraging sign. The settlement is the biggest “put-back” to date in which a financial institution agreed to compensate an insurer for losses related to RMBS.

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