<?xml version="1.0" encoding="UTF-8"?>
<!-- Prepared by IBM Cognos Disclosure Management XBRL Version: 10.2.3 Using Fujitsu -->
<!-- Validation status: Passed -->
<linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/instance http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xlink="http://www.w3.org/1999/xlink">
    <roleRef roleURI="http://www.mbia.com/role/AccumulatedOtherComprehensiveIncome" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureAccumulatedOtherComprehensiveIncome" />
    <roleRef roleURI="http://www.mbia.com/role/AccumulatedOtherComprehensiveIncomeDetailsOfTheReclassificationFromAOCIDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_AccumulatedOtherComprehensiveIncomeDetailsOfTheReclassificationFromAOCIDetail" />
    <roleRef roleURI="http://www.mbia.com/role/AccumulatedOtherComprehensiveIncomeTables" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_AccumulatedOtherComprehensiveIncomeTables" />
    <roleRef roleURI="http://www.mbia.com/role/BusinessDevelopmentsAndRisksAndUncertainties" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureBusinessDevelopmentsAndRisksAndUncertainties" />
    <roleRef roleURI="http://www.mbia.com/role/BusinessDevelopmentsAndRisksAndUncertaintiesAssetsAndLiabilitiesHeldForSaleDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_BusinessDevelopmentsAndRisksAndUncertaintiesAssetsAndLiabilitiesHeldForSaleDetail" />
    <roleRef roleURI="http://www.mbia.com/role/BusinessDevelopmentsAndRisksAndUncertaintiesNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_BusinessDevelopmentsAndRisksAndUncertaintiesNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/BusinessSegmentsNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_BusinessSegmentsNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/BusinessSegmentsSummaryOfPremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureBusinessSegmentsSummaryOfPremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskDetail" />
    <roleRef roleURI="http://www.mbia.com/role/CommonAndPreferredStock" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureCommonAndPreferredStock" />
    <roleRef roleURI="http://www.mbia.com/role/CommonAndPreferredStockNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_CommonAndPreferredStockNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/CommonAndPreferredStockTables" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_CommonAndPreferredStockTables" />
    <roleRef roleURI="http://www.mbia.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_ConsolidatedStatementsOfComprehensiveIncomeLoss" />
    <roleRef roleURI="http://www.mbia.com/role/DebtPrincipalPaymentsForInvestmentAgreementsMTNsAndVIEObligationsDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DebtPrincipalPaymentsForInvestmentAgreementsMTNsAndVIEObligationsDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DebtTables" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureDebtTables" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureAccumulatedOtherComprehensiveIncomeChangesInTheComponentsOfAOCIDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureAccumulatedOtherComprehensiveIncomeChangesInTheComponentsOfAOCIDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureBusinessDevelopmentsAndRisksAndUncertaintiesTables" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_BusinessDevelopmentsAndRisksAndUncertaintiesTables" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureBusinessSegments" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_BusinessSegments" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureBusinessSegmentsSummaryOfCompanysSegmentResultsDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_BusinessSegmentsSummaryOfCompanysSegmentResultsDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureBusinessSegmentsTables" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureBusinessSegmentsTables" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureCommitmentsAndContingencies" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureCommitmentsAndContingencies" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureCommitmentsAndContingenciesNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_CommitmentsAndContingenciesNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureDebt" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureDebt" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureDebtAggregateMaturityOfDebtObligationsDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DebtAggregateMaturityOfDebtObligationsDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureDebtLongTermDebtDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DebtLongTermDebtDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureDebtNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DebtNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureDerivativeInstruments" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureDerivativeInstruments" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureDerivativeInstrumentsCreditDerivativesSoldDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DerivativeInstrumentsCreditDerivativesSoldDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureDerivativeInstrumentsEffectOfDerivativeInstrumentsOnConsolidatedStatementsOfOperationsDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureDerivativeInstrumentsEffectOfDerivativeInstrumentsOnConsolidatedStatementsOfOperationsDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureDerivativeInstrumentsNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DerivativeInstrumentsNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureDerivativeInstrumentsTables" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureDerivativeInstrumentsTables" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureDerivativeInstrumentsTotalFairValueOfCompanysDerivativeAssetsAndLiabilitiesByInstrumentAndBalanceSheetLocationBeforeCounterpartyNettingDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureDerivativeInstrumentsTotalFairValueOfCompanysDerivativeAssetsAndLiabilitiesByInstrumentAndBalanceSheetLocationBeforeCounterpartyNettingDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureEarningsPerShare" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureEarningsPerShare" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureEarningsPerShareComputationOfBasicAndDilutedEarningsPerShareDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_EarningsPerShareComputationOfBasicAndDilutedEarningsPerShareDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureEarningsPerShareNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_EarningsPerShareNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureEarningsPerShareTables" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_EarningsPerShareTables" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstruments" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureFairValueOfFinancialInstruments" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstrumentsAggregateFairValueAndRemainingContractualPrincipalBalanceOutstandingOnFairValueOptionDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureFairValueOfFinancialInstrumentsAggregateFairValueAndRemainingContractualPrincipalBalanceOutstandingOnFairValueOptionDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstrumentsChangesInLevel3AssetsAndLiabilitiesMeasuredAtFairValueOnARecurringBasisDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_FairValueOfFinancialInstrumentsChangesInLevel3AssetsAndLiabilitiesMeasuredAtFairValueOnARecurringBasisDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstrumentsCompanysAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasisDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_FairValueOfFinancialInstrumentsCompanysAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasisDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstrumentsFairValueHierarchyTablePresentsTheCompanysAssetsAndLiabilitiesAtFairValueNotRecordedOnTheCompanysConsolidatedBalanceSheetDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_FairValueOfFinancialInstrumentsFairValueHierarchyTablePresentsTheCompanysAssetsAndLiabilitiesAtFairValueNotRecordedOnTheCompanysConsolidatedBalanceSheetDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstrumentsGainsAndLossesOnFairValueOptionIncludedInTheCompanysConsolidatedStatementsOfOperationsDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_FairValueOfFinancialInstrumentsGainsAndLossesOnFairValueOptionIncludedInTheCompanysConsolidatedStatementsOfOperationsDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstrumentsNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureFairValueOfFinancialInstrumentsNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstrumentsQuantitativeInformationRegardingTheSignificantUnobservableInputsForCertainAssetsAndLiabilitiesMeasuredAtFairValueOnARecurringBasisDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureFairValueOfFinancialInstrumentsQuantitativeInformationRegardingTheSignificantUnobservableInputsForCertainAssetsAndLiabilitiesMeasuredAtFairValueOnARecurringBasisDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstrumentsRealizedAndUnrealizedGainsAndLossesIncludedInEarningsPertainingToLevel3AssetsAndLiabilitiesDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureFairValueOfFinancialInstrumentsRealizedAndUnrealizedGainsAndLossesIncludedInEarningsPertainingToLevel3AssetsAndLiabilitiesDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstrumentsTables" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureFairValueOfFinancialInstrumentsTables" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureIncomeTaxes" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureIncomeTaxes" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureIncomeTaxesIncomeBeforeIncomeTaxesDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureIncomeTaxesIncomeBeforeIncomeTaxesDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureIncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_IncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureIncomeTaxesIncomeTaxesAndShareholdersEquityDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_IncomeTaxesIncomeTaxesAndShareholdersEquityDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureIncomeTaxesIncomeTaxRateReconciliationDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_IncomeTaxesIncomeTaxRateReconciliationDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureIncomeTaxesNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_IncomeTaxesNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureIncomeTaxesTables" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureIncomeTaxesTables" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureInsuranceInForceNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InsuranceInForceNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureInsuranceInForceScheduleOfGeographicalDistributionOfInsuranceInForceDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InsuranceInForceScheduleOfGeographicalDistributionOfInsuranceInForceDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureInsuranceInForceScheduleOfInsuranceInForceByTypeOfBondExcludingTransactionsGuaranteedByMBIACorpOnBehalfOfVariousInvestmentManagementServicesAffiliatedCompaniesDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InsuranceInForceScheduleOfInsuranceInForceByTypeOfBondExcludingTransactionsGuaranteedByMBIACorpOnBehalfOfVariousInvestmentManagementServicesAffiliatedCompaniesDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureInsuranceInForceSummaryOfCompanysReinsuranceAgreementsForUSPublicFinanceAndStructuredFinanceAndInternationalInsuranceOperationsDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InsuranceInForceSummaryOfCompanysReinsuranceAgreementsForUSPublicFinanceAndStructuredFinanceAndInternationalInsuranceOperationsDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureInsuranceInForceSummaryOfComponentsOfFinancialGuaranteeNetPremiumsEarnedIncludingPremiumsAssumedFromAndCededToOtherCompaniesDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InsuranceInForceSummaryOfComponentsOfFinancialGuaranteeNetPremiumsEarnedIncludingPremiumsAssumedFromAndCededToOtherCompaniesDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureInsurancePremiumsNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureInsurancePremiumsNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureInvestments" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureInvestments" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureInvestmentsAmortizedCostAndFairValueOfAvailableForSaleAndHeldToMaturityInvestmentPortfoliosDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InvestmentsAmortizedCostAndFairValueOfAvailableForSaleAndHeldToMaturityInvestmentPortfoliosDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureInvestmentsDistributionByContractualMaturityOfAvailableForSaleAndHeldToMaturityInvestmentsDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InvestmentsDistributionByContractualMaturityOfAvailableForSaleAndHeldToMaturityInvestmentsDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureInvestmentsNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InvestmentsNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureInvestmentsTables" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureInvestmentsTables" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureLongtermIncentivePlansNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_LongtermIncentivePlansNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureLongTermIncentivePlansRestrictedSharesOutstandingDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureLongTermIncentivePlansRestrictedSharesOutstandingDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureLossAndLossAdjustmentExpenseReserves" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureLossAndLossAdjustmentExpenseReserves" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureLossAndLossAdjustmentExpenseReservesLossAndLAEActivityNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_LossAndLossAdjustmentExpenseReservesLossAndLAEActivityNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureLossAndLossAdjustmentExpenseReservesRMBSRecoveriesNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_LossAndLossAdjustmentExpenseReservesRMBSRecoveriesNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureLossAndLossAdjustmentExpenseReservesRMBSReservesNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_LossAndLossAdjustmentExpenseReservesRMBSReservesNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfFinancialGuaranteesAndRelatedClaimLiabilityDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfFinancialGuaranteesAndRelatedClaimLiabilityDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfLossesAndLossAdjustmentExpensesDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_LossAndLossAdjustmentExpenseReservesScheduleOfLossesAndLossAdjustmentExpensesDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfPresentValueOfTheProbabilityWeightedFutureClaimPaymentsAndRecoveriesDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_LossAndLossAdjustmentExpenseReservesScheduleOfPresentValueOfTheProbabilityWeightedFutureClaimPaymentsAndRecoveriesDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureLossAndLossAdjustmentExpenseReservesSummaryOfCreditImpairmentsRelatedToDerivativesNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_LossAndLossAdjustmentExpenseReservesSummaryOfCreditImpairmentsRelatedToDerivativesNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureLossAndLossAdjustmentExpenseReservesTables" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureLossAndLossAdjustmentExpenseReservesTables" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureRecentAccountingPronouncements" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureRecentAccountingPronouncements" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureScheduleIICondensedBalanceSheetsDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_ScheduleIICondensedBalanceSheetsDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureScheduleIICondensedStatementsOfCashFlowsDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_ScheduleIICondensedStatementsOfCashFlowsDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureScheduleIICondensedStatementsOfOperationsDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureScheduleIICondensedStatementsOfOperationsDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureScheduleIInvestmentsDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_ScheduleIInvestmentsDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureSignificantAccountingPolicies" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureSignificantAccountingPolicies" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureSignificantAccountingPoliciesNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_SignificantAccountingPoliciesNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureSignificantAccountingPoliciesPolicies" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_SignificantAccountingPoliciesPolicies" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureSignificantAccountingPoliciesTables" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureSignificantAccountingPoliciesTables" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureSignificantAccountingPoliciesUsefulLivesOfEachClassOfAssetsDetails" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_SignificantAccountingPoliciesUsefulLivesOfEachClassOfAssetsDetails" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureSubsequentEvents" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureSubsequentEvents" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureVariableInterestEntities" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_VariableInterestEntities" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureVariableInterestEntitiesNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_VariableInterestEntitiesNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DisclosureVariableInterestEntitiesSummaryOfNonconsolidatedVIEsAssetsAndLiabilitiesDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_VariableInterestEntitiesSummaryOfNonconsolidatedVIEsAssetsAndLiabilitiesDetail" />
    <roleRef roleURI="http://www.mbia.com/role/DocumentDocumentAndEntityInformation" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DocumentAndEntityInformation" />
    <roleRef roleURI="http://www.mbia.com/role/IncomeTaxesChangeInUnrecognizedTaxBenefitsDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_IncomeTaxesChangeInUnrecognizedTaxBenefitsDetail" />
    <roleRef roleURI="http://www.mbia.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetail" />
    <roleRef roleURI="http://www.mbia.com/role/InsuranceInForce" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureInsuranceInForce" />
    <roleRef roleURI="http://www.mbia.com/role/InsuranceInForceTables" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureInsuranceInForceTables" />
    <roleRef roleURI="http://www.mbia.com/role/InsurancePremiums" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureInsurancePremiums" />
    <roleRef roleURI="http://www.mbia.com/role/InsurancePremiumsRollForwardOfPremiumsReceivableDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureInsurancePremiumsRollForwardOfPremiumsReceivableDetail" />
    <roleRef roleURI="http://www.mbia.com/role/InsurancePremiumsTables" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureInsurancePremiumsTables" />
    <roleRef roleURI="http://www.mbia.com/role/InsurancePremiumsUndiscountedFutureAmountOfPremiumsExpectedToBeCollectedAndPeriodWhichThoseCollectionsAreExpectedToOccurDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InsurancePremiumsUndiscountedFutureAmountOfPremiumsExpectedToBeCollectedAndPeriodWhichThoseCollectionsAreExpectedToOccurDetail" />
    <roleRef roleURI="http://www.mbia.com/role/InsurancePremiumsUnearnedPremiumRevenueBalanceAndFutureExpectedEarningsDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InsurancePremiumsUnearnedPremiumRevenueBalanceAndFutureExpectedEarningsDetail" />
    <roleRef roleURI="http://www.mbia.com/role/InsuranceRegulationsAndDividends" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InsuranceRegulationsAndDividends" />
    <roleRef roleURI="http://www.mbia.com/role/InsuranceRegulationsAndDividendsNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InsuranceRegulationsAndDividendsNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/InvestmentsAverageCreditRatingsForSecuritiesRatedBelowInvestmentGradeWithoutTheEffectOfFinancialGuaranteesDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InvestmentsAverageCreditRatingsForSecuritiesRatedBelowInvestmentGradeWithoutTheEffectOfFinancialGuaranteesDetail" />
    <roleRef roleURI="http://www.mbia.com/role/InvestmentsCreditLossesRecognizedInEarningsRelatedToOTTILossesRecognizedInAccumulatedOtherComprehensiveIncomeLossDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InvestmentsCreditLossesRecognizedInEarningsRelatedToOTTILossesRecognizedInAccumulatedOtherComprehensiveIncomeLossDetail" />
    <roleRef roleURI="http://www.mbia.com/role/InvestmentsCreditRatingsOfAssetBackedAndMortgageBackedSecuritiesAndCorporateObligationsInAvailableForSaleInvestmentsForWhichFairValueWasLessThanAmortizedCostDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InvestmentsCreditRatingsOfAssetBackedAndMortgageBackedSecuritiesAndCorporateObligationsInAvailableForSaleInvestmentsForWhichFairValueWasLessThanAmortizedCostDetail" />
    <roleRef roleURI="http://www.mbia.com/role/InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThan5ForAContinuousTwelveMonthPeriodOrLongerDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThan5ForAContinuousTwelveMonthPeriodOrLongerDetail" />
    <roleRef roleURI="http://www.mbia.com/role/InvestmentsGrossUnrealizedLossesRelatedToAvailableForSaleAndHeldToMaturityInvestmentsDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InvestmentsGrossUnrealizedLossesRelatedToAvailableForSaleAndHeldToMaturityInvestmentsDetail" />
    <roleRef roleURI="http://www.mbia.com/role/InvestmentsNetRealizedGainsLossesFromSalesOfAvailableForSaleSecuritiesDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InvestmentsNetRealizedGainsLossesFromSalesOfAvailableForSaleSecuritiesDetail" />
    <roleRef roleURI="http://www.mbia.com/role/InvestmentsSecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InvestmentsSecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorDetail" />
    <roleRef roleURI="http://www.mbia.com/role/InvestmentsSummaryOfSignificantInputsConsideredInDeterminingTheMeasurementOfCreditLossesOnSecuritiesDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_InvestmentsSummaryOfSignificantInputsConsideredInDeterminingTheMeasurementOfCreditLossesOnSecuritiesDetail" />
    <roleRef roleURI="http://www.mbia.com/role/LongtermIncentivePlans" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureLongtermIncentivePlans" />
    <roleRef roleURI="http://www.mbia.com/role/LongTermIncentivePlansNumberOfRestrictedShareAwardsGrantedDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureLongTermIncentivePlansNumberOfRestrictedShareAwardsGrantedDetail" />
    <roleRef roleURI="http://www.mbia.com/role/LongTermIncentivePlansOutstandingAndExercisableStockOptionsDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_LongTermIncentivePlansOutstandingAndExercisableStockOptionsDetail" />
    <roleRef roleURI="http://www.mbia.com/role/LongTermIncentivePlansStockOptionsOutstandingDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_LongTermIncentivePlansStockOptionsOutstandingDetail" />
    <roleRef roleURI="http://www.mbia.com/role/LongtermIncentivePlansTables" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureLongtermIncentivePlansTables" />
    <roleRef roleURI="http://www.mbia.com/role/LossAndLossAdjustmentExpenseReservesScheduleOfInsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_LossAndLossAdjustmentExpenseReservesScheduleOfInsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesDetail" />
    <roleRef roleURI="http://www.mbia.com/role/LossAndLossAdjustmentExpenseReservesScheduleOfLossAndLossAdjustmentExpensesReservesDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_LossAndLossAdjustmentExpenseReservesScheduleOfLossAndLossAdjustmentExpensesReservesDetail" />
    <roleRef roleURI="http://www.mbia.com/role/LossAndLossAdjustmentExpenseReservesScheduleOfTotalEstimatedRecoveriesFromIneligibleSecondLienMortgageLoansDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_LossAndLossAdjustmentExpenseReservesScheduleOfTotalEstimatedRecoveriesFromIneligibleSecondLienMortgageLoansDetail" />
    <roleRef roleURI="http://www.mbia.com/role/PensionAndProfitSharingPlans" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosurePensionAndProfitSharingPlans" />
    <roleRef roleURI="http://www.mbia.com/role/PensionAndProfitSharingPlansNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_PensionAndProfitSharingPlansNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/RecentAccountingPronouncementsNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_RecentAccountingPronouncementsNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/RelatedPartyTransactions" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureRelatedPartyTransactions" />
    <roleRef roleURI="http://www.mbia.com/role/RelatedPartyTransactionsNarrativeDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureRelatedPartyTransactionsNarrativeDetail" />
    <roleRef roleURI="http://www.mbia.com/role/ScheduleIICondensedStatementsOfComprehensiveIncomeLossDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_ScheduleIICondensedStatementsOfComprehensiveIncomeLossDetail" />
    <roleRef roleURI="http://www.mbia.com/role/ScheduleIINotesToCondensedFinancialStatementsDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_ScheduleIINotesToCondensedFinancialStatementsDetail" />
    <roleRef roleURI="http://www.mbia.com/role/ScheduleIInvestments" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureScheduleIInvestments" />
    <roleRef roleURI="http://www.mbia.com/role/ScheduleIIParentCompanyFinancials" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureScheduleIIParentCompanyFinancials" />
    <roleRef roleURI="http://www.mbia.com/role/ScheduleIVReinsurance" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureScheduleIVReinsurance" />
    <roleRef roleURI="http://www.mbia.com/role/ScheduleIVReinsuranceDetail" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureScheduleIVReinsuranceDetail" />
    <roleRef roleURI="http://www.mbia.com/role/StatementConsolidatedBalanceSheets" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_ConsolidatedBalanceSheets" />
    <roleRef roleURI="http://www.mbia.com/role/StatementConsolidatedBalanceSheetsParenthetical" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_StatementConsolidatedBalanceSheetsParenthetical" />
    <roleRef roleURI="http://www.mbia.com/role/StatementConsolidatedStatementOfChangesInShareholdersEquity" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_ConsolidatedStatementOfChangesInShareholdersEquity" />
    <roleRef roleURI="http://www.mbia.com/role/StatementConsolidatedStatementOfChangesInShareholdersEquityParenthetical" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_ConsolidatedStatementOfChangesInShareholdersEquityParenthetical" />
    <roleRef roleURI="http://www.mbia.com/role/StatementConsolidatedStatementsOfCashFlows" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_ConsolidatedStatementsOfCashFlows" />
    <roleRef roleURI="http://www.mbia.com/role/StatementConsolidatedStatementsOfOperations" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_ConsolidatedStatementsOfOperations" />
    <roleRef roleURI="http://www.mbia.com/role/StatementConsolidatedStatementsOfOperationsParenthetical" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_ConsolidatedStatementsOfOperationsParenthetical" />
    <roleRef roleURI="http://www.mbia.com/role/VariableInterestEntitiesTables" xlink:type="simple" xlink:href="mbi-20151231.xsd#ELRID_DisclosureVariableInterestEntitiesTables" />
    <roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" />
    <roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" />
    <roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" />
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DocumentDocumentAndEntityInformation">
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DocumentDocumentandEntityInformationAbstract" xlink:label="Locator_mbi_DocumentDocumentandEntityInformationAbstract_1" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType" xlink:label="Locator_dei_DocumentType_2" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DocumentDocumentandEntityInformationAbstract_1" xlink:to="Locator_dei_DocumentType_2" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DocumentDocumentandEntityInformationAbstract" xlink:label="Locator_mbi_DocumentDocumentandEntityInformationAbstract_3" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="Locator_dei_AmendmentFlag_4" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DocumentDocumentandEntityInformationAbstract_3" xlink:to="Locator_dei_AmendmentFlag_4" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DocumentDocumentandEntityInformationAbstract" xlink:label="Locator_mbi_DocumentDocumentandEntityInformationAbstract_5" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="Locator_dei_DocumentPeriodEndDate_6" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DocumentDocumentandEntityInformationAbstract_5" xlink:to="Locator_dei_DocumentPeriodEndDate_6" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DocumentDocumentandEntityInformationAbstract" xlink:label="Locator_mbi_DocumentDocumentandEntityInformationAbstract_7" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="Locator_dei_DocumentFiscalYearFocus_8" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DocumentDocumentandEntityInformationAbstract_7" xlink:to="Locator_dei_DocumentFiscalYearFocus_8" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DocumentDocumentandEntityInformationAbstract" xlink:label="Locator_mbi_DocumentDocumentandEntityInformationAbstract_9" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="Locator_dei_DocumentFiscalPeriodFocus_10" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DocumentDocumentandEntityInformationAbstract_9" xlink:to="Locator_dei_DocumentFiscalPeriodFocus_10" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DocumentDocumentandEntityInformationAbstract" xlink:label="Locator_mbi_DocumentDocumentandEntityInformationAbstract_11" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_TradingSymbol" xlink:label="Locator_dei_TradingSymbol_12" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DocumentDocumentandEntityInformationAbstract_11" xlink:to="Locator_dei_TradingSymbol_12" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DocumentDocumentandEntityInformationAbstract" xlink:label="Locator_mbi_DocumentDocumentandEntityInformationAbstract_13" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName" xlink:label="Locator_dei_EntityRegistrantName_14" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DocumentDocumentandEntityInformationAbstract_13" xlink:to="Locator_dei_EntityRegistrantName_14" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DocumentDocumentandEntityInformationAbstract" xlink:label="Locator_mbi_DocumentDocumentandEntityInformationAbstract_15" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="Locator_dei_EntityCentralIndexKey_16" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DocumentDocumentandEntityInformationAbstract_15" xlink:to="Locator_dei_EntityCentralIndexKey_16" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DocumentDocumentandEntityInformationAbstract" xlink:label="Locator_mbi_DocumentDocumentandEntityInformationAbstract_17" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="Locator_dei_CurrentFiscalYearEndDate_18" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DocumentDocumentandEntityInformationAbstract_17" xlink:to="Locator_dei_CurrentFiscalYearEndDate_18" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DocumentDocumentandEntityInformationAbstract" xlink:label="Locator_mbi_DocumentDocumentandEntityInformationAbstract_19" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory" xlink:label="Locator_dei_EntityFilerCategory_20" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DocumentDocumentandEntityInformationAbstract_19" xlink:to="Locator_dei_EntityFilerCategory_20" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DocumentDocumentandEntityInformationAbstract" xlink:label="Locator_mbi_DocumentDocumentandEntityInformationAbstract_21" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="Locator_dei_EntityCommonStockSharesOutstanding_22" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DocumentDocumentandEntityInformationAbstract_21" xlink:to="Locator_dei_EntityCommonStockSharesOutstanding_22" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DocumentDocumentandEntityInformationAbstract" xlink:label="Locator_mbi_DocumentDocumentandEntityInformationAbstract_23" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="Locator_dei_EntityWellKnownSeasonedIssuer_24" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DocumentDocumentandEntityInformationAbstract_23" xlink:to="Locator_dei_EntityWellKnownSeasonedIssuer_24" order="12.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DocumentDocumentandEntityInformationAbstract" xlink:label="Locator_mbi_DocumentDocumentandEntityInformationAbstract_25" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityPublicFloat" xlink:label="Locator_dei_EntityPublicFloat_26" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DocumentDocumentandEntityInformationAbstract_25" xlink:to="Locator_dei_EntityPublicFloat_26" order="13.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DocumentDocumentandEntityInformationAbstract" xlink:label="Locator_mbi_DocumentDocumentandEntityInformationAbstract_27" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="Locator_dei_EntityCurrentReportingStatus_28" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DocumentDocumentandEntityInformationAbstract_27" xlink:to="Locator_dei_EntityCurrentReportingStatus_28" order="14.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DocumentDocumentandEntityInformationAbstract" xlink:label="Locator_mbi_DocumentDocumentandEntityInformationAbstract_29" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="Locator_dei_EntityVoluntaryFilers_30" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DocumentDocumentandEntityInformationAbstract_29" xlink:to="Locator_dei_EntityVoluntaryFilers_30" order="15.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/StatementConsolidatedBalanceSheets">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_305" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_306" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_305" xlink:to="Locator_us-gaap_StatementLineItems_306" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_31" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_32" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_31" xlink:to="Locator_us-gaap_AssetsAbstract_32" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_51" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsReceivableAtCarryingValue" xlink:label="Locator_us-gaap_PremiumsReceivableAtCarryingValue_52" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_51" xlink:to="Locator_us-gaap_PremiumsReceivableAtCarryingValue_52" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_53" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredPolicyAcquisitionCosts" xlink:label="Locator_us-gaap_DeferredPolicyAcquisitionCosts_54" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_53" xlink:to="Locator_us-gaap_DeferredPolicyAcquisitionCosts_54" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_55" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceLossRecoverable" xlink:label="Locator_mbi_InsuranceLossRecoverable_56" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_55" xlink:to="Locator_mbi_InsuranceLossRecoverable_56" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_57" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="Locator_us-gaap_PropertyPlantAndEquipmentNet_58" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_57" xlink:to="Locator_us-gaap_PropertyPlantAndEquipmentNet_58" order="11.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_59" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent" xlink:label="Locator_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent_60" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_59" xlink:to="Locator_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent_60" order="12.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_61" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsLiabilitiesNet" xlink:label="Locator_us-gaap_DeferredTaxAssetsLiabilitiesNet_62" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_61" xlink:to="Locator_us-gaap_DeferredTaxAssetsLiabilitiesNet_62" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_65" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Cash" xlink:label="Locator_us-gaap_Cash_66" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_65" xlink:to="Locator_us-gaap_Cash_66" order="15.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_67" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecurities" xlink:label="Locator_us-gaap_HeldToMaturitySecurities_68" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_67" xlink:to="Locator_us-gaap_HeldToMaturitySecurities_68" order="16.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_69" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure" xlink:label="Locator_us-gaap_LoansReceivableFairValueDisclosure_70" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_69" xlink:to="Locator_us-gaap_LoansReceivableFairValueDisclosure_70" order="17.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_71" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LoanRepurchaseCommitments" xlink:label="Locator_mbi_LoanRepurchaseCommitments_72" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_71" xlink:to="Locator_mbi_LoanRepurchaseCommitments_72" order="18.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_73" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeAssetsNoncurrent" xlink:label="Locator_us-gaap_DerivativeAssetsNoncurrent_74" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_73" xlink:to="Locator_us-gaap_DerivativeAssetsNoncurrent_74" order="19.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_37" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesNoncurrent" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesNoncurrent_38" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_37" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesNoncurrent_38" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_39" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TradingSecurities" xlink:label="Locator_us-gaap_TradingSecurities_40" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_39" xlink:to="Locator_us-gaap_TradingSecurities_40" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_41" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral_42" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_41" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral_42" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_43" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesCurrent" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesCurrent_44" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_43" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesCurrent_44" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_45" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherInvestments" xlink:label="Locator_us-gaap_OtherInvestments_46" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_45" xlink:to="Locator_us-gaap_OtherInvestments_46" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_47" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Investments" xlink:label="Locator_us-gaap_Investments_48" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_47" xlink:to="Locator_us-gaap_Investments_48" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_49" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="Locator_us-gaap_CashAndCashEquivalentsAtCarryingValue_50" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_49" xlink:to="Locator_us-gaap_CashAndCashEquivalentsAtCarryingValue_50" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_63" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAssets" xlink:label="Locator_us-gaap_OtherAssets_64" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_63" xlink:to="Locator_us-gaap_OtherAssets_64" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_75" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Assets" xlink:label="Locator_us-gaap_Assets_76" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_75" xlink:to="Locator_us-gaap_Assets_76" order="20.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_33" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="Locator_us-gaap_LiabilitiesAndStockholdersEquityAbstract_34" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_33" xlink:to="Locator_us-gaap_LiabilitiesAndStockholdersEquityAbstract_34" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="Locator_us-gaap_LiabilitiesAndStockholdersEquityAbstract_79" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="Locator_us-gaap_CommitmentsAndContingencies_80" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAndStockholdersEquityAbstract_79" xlink:to="Locator_us-gaap_CommitmentsAndContingencies_80" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="Locator_us-gaap_LiabilitiesAndStockholdersEquityAbstract_77" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_78" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAndStockholdersEquityAbstract_77" xlink:to="Locator_us-gaap_LiabilitiesAbstract_78" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_85" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnearnedPremiums" xlink:label="Locator_us-gaap_UnearnedPremiums_86" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAbstract_85" xlink:to="Locator_us-gaap_UnearnedPremiums_86" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_87" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xlink:label="Locator_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_88" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAbstract_87" xlink:to="Locator_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_88" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_91" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MediumTermNotes" xlink:label="Locator_us-gaap_MediumTermNotes_92" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAbstract_91" xlink:to="Locator_us-gaap_MediumTermNotes_92" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_97" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation" xlink:label="Locator_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation_98" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAbstract_97" xlink:to="Locator_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation_98" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_101" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesPayable" xlink:label="Locator_us-gaap_NotesPayable_102" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAbstract_101" xlink:to="Locator_us-gaap_NotesPayable_102" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_103" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_Payableforloanspurchased" xlink:label="Locator_mbi_Payableforloanspurchased_104" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAbstract_103" xlink:to="Locator_mbi_Payableforloanspurchased_104" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_93" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements" xlink:label="Locator_us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements_94" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAbstract_93" xlink:to="Locator_us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements_94" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_89" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="Locator_us-gaap_LongTermDebtNoncurrent_90" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAbstract_89" xlink:to="Locator_us-gaap_LongTermDebtNoncurrent_90" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_95" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="Locator_us-gaap_DerivativeLiabilities_96" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAbstract_95" xlink:to="Locator_us-gaap_DerivativeLiabilities_96" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_99" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="Locator_us-gaap_OtherLiabilities_100" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAbstract_99" xlink:to="Locator_us-gaap_OtherLiabilities_100" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_105" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Liabilities" xlink:label="Locator_us-gaap_Liabilities_106" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAbstract_105" xlink:to="Locator_us-gaap_Liabilities_106" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="Locator_us-gaap_LiabilitiesAndStockholdersEquityAbstract_81" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_82" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAndStockholdersEquityAbstract_81" xlink:to="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_82" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_121" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue" xlink:label="Locator_mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue_122" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_121" xlink:to="Locator_mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestValue_122" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_123" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_124" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_123" xlink:to="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_124" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_107" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="Locator_us-gaap_PreferredStockValue_108" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_107" xlink:to="Locator_us-gaap_PreferredStockValue_108" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_109" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockValue" xlink:label="Locator_us-gaap_CommonStockValue_110" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_109" xlink:to="Locator_us-gaap_CommonStockValue_110" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_111" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="Locator_us-gaap_AdditionalPaidInCapital_112" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_111" xlink:to="Locator_us-gaap_AdditionalPaidInCapital_112" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_113" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="Locator_us-gaap_RetainedEarningsAccumulatedDeficit_114" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_113" xlink:to="Locator_us-gaap_RetainedEarningsAccumulatedDeficit_114" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_115" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="Locator_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_116" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_115" xlink:to="Locator_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_116" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_117" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TreasuryStockValue" xlink:label="Locator_us-gaap_TreasuryStockValue_118" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_117" xlink:to="Locator_us-gaap_TreasuryStockValue_118" order="6.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_119" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="Locator_us-gaap_StockholdersEquity_120" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_119" xlink:to="Locator_us-gaap_StockholdersEquity_120" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="Locator_us-gaap_LiabilitiesAndStockholdersEquityAbstract_83" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="Locator_us-gaap_LiabilitiesAndStockholdersEquity_84" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAndStockholdersEquityAbstract_83" xlink:to="Locator_us-gaap_LiabilitiesAndStockholdersEquity_84" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_307" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_308" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_307" xlink:to="Locator_dei_LegalEntityAxis_308" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_309" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_310" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_309" xlink:to="Locator_dei_EntityDomain_310" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_311" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" xlink:label="Locator_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_312" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_311" xlink:to="Locator_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_312" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_313" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_314" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_313" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_314" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="Locator_us-gaap_StatementOfFinancialPositionAbstract_125" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_126" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOfFinancialPositionAbstract_125" xlink:to="Locator_us-gaap_StatementTable_126" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/StatementConsolidatedBalanceSheetsParenthetical">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_401" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_402" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_401" xlink:to="Locator_us-gaap_StatementLineItems_402" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_315" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAmortizedCost" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAmortizedCost_316" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_315" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesAmortizedCost_316" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_317" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InvestmentsPledgedAsCollateralAmortizedCost" xlink:label="Locator_mbi_InvestmentsPledgedAsCollateralAmortizedCost_318" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_317" xlink:to="Locator_mbi_InvestmentsPledgedAsCollateralAmortizedCost_318" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_319" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost_320" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_319" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost_320" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_321" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesFairValue" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesFairValue_322" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_321" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesFairValue_322" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_323" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentFairValue" xlink:label="Locator_us-gaap_DebtInstrumentFairValue_324" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_323" xlink:to="Locator_us-gaap_DebtInstrumentFairValue_324" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_325" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentOwnedAtFairValue" xlink:label="Locator_us-gaap_InvestmentOwnedAtFairValue_326" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_325" xlink:to="Locator_us-gaap_InvestmentOwnedAtFairValue_326" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_327" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="Locator_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_328" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_327" xlink:to="Locator_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_328" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_329" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesPayableFairValueDisclosure" xlink:label="Locator_us-gaap_NotesPayableFairValueDisclosure_330" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_329" xlink:to="Locator_us-gaap_NotesPayableFairValueDisclosure_330" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_331" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="Locator_us-gaap_PreferredStockParOrStatedValuePerShare_332" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_331" xlink:to="Locator_us-gaap_PreferredStockParOrStatedValuePerShare_332" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_333" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="Locator_us-gaap_PreferredStockSharesAuthorized_334" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_333" xlink:to="Locator_us-gaap_PreferredStockSharesAuthorized_334" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_335" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="Locator_us-gaap_PreferredStockSharesOutstanding_336" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_335" xlink:to="Locator_us-gaap_PreferredStockSharesOutstanding_336" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_337" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="Locator_us-gaap_CommonStockParOrStatedValuePerShare_338" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_337" xlink:to="Locator_us-gaap_CommonStockParOrStatedValuePerShare_338" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_339" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="Locator_us-gaap_CommonStockSharesAuthorized_340" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_339" xlink:to="Locator_us-gaap_CommonStockSharesAuthorized_340" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_341" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTax" xlink:label="Locator_mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTax_342" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_341" xlink:to="Locator_mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTax_342" order="16.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_343" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TreasuryStockShares" xlink:label="Locator_us-gaap_TreasuryStockShares_344" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_343" xlink:to="Locator_us-gaap_TreasuryStockShares_344" order="17.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_345" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="Locator_us-gaap_CommonStockSharesIssued_346" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_345" xlink:to="Locator_us-gaap_CommonStockSharesIssued_346" order="15.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_347" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="Locator_us-gaap_PreferredStockSharesIssued_348" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_347" xlink:to="Locator_us-gaap_PreferredStockSharesIssued_348" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_403" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_404" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_403" xlink:to="Locator_dei_LegalEntityAxis_404" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_395" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_396" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_395" xlink:to="Locator_dei_EntityDomain_396" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_397" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" xlink:label="Locator_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_398" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_397" xlink:to="Locator_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_398" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_399" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_400" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_399" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_400" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="Locator_us-gaap_StatementOfFinancialPositionAbstract_393" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_394" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOfFinancialPositionAbstract_393" xlink:to="Locator_us-gaap_StatementTable_394" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/StatementConsolidatedStatementsOfOperations">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_597" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_598" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_597" xlink:to="Locator_us-gaap_StatementLineItems_598" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_405" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="Locator_us-gaap_RevenuesAbstract_406" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_405" xlink:to="Locator_us-gaap_RevenuesAbstract_406" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="Locator_us-gaap_RevenuesAbstract_415" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsEarnedNetByBusinessAbstract" xlink:label="Locator_us-gaap_PremiumsEarnedNetByBusinessAbstract_416" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RevenuesAbstract_415" xlink:to="Locator_us-gaap_PremiumsEarnedNetByBusinessAbstract_416" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsEarnedNetByBusinessAbstract" xlink:label="Locator_us-gaap_PremiumsEarnedNetByBusinessAbstract_433" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts" xlink:label="Locator_us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts_434" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_PremiumsEarnedNetByBusinessAbstract_433" xlink:to="Locator_us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts_434" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsEarnedNetByBusinessAbstract" xlink:label="Locator_us-gaap_PremiumsEarnedNetByBusinessAbstract_435" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RefundingPremiumsEarned" xlink:label="Locator_mbi_RefundingPremiumsEarned_436" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_PremiumsEarnedNetByBusinessAbstract_435" xlink:to="Locator_mbi_RefundingPremiumsEarned_436" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsEarnedNetByBusinessAbstract" xlink:label="Locator_us-gaap_PremiumsEarnedNetByBusinessAbstract_437" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsEarnedNet" xlink:label="Locator_us-gaap_PremiumsEarnedNet_438" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_PremiumsEarnedNetByBusinessAbstract_437" xlink:to="Locator_us-gaap_PremiumsEarnedNet_438" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="Locator_us-gaap_RevenuesAbstract_417" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetInvestmentIncome" xlink:label="Locator_us-gaap_NetInvestmentIncome_418" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RevenuesAbstract_417" xlink:to="Locator_us-gaap_NetInvestmentIncome_418" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="Locator_us-gaap_RevenuesAbstract_419" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FeesAndReimbursements" xlink:label="Locator_mbi_FeesAndReimbursements_420" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RevenuesAbstract_419" xlink:to="Locator_mbi_FeesAndReimbursements_420" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="Locator_us-gaap_RevenuesAbstract_421" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract" xlink:label="Locator_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract_422" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RevenuesAbstract_421" xlink:to="Locator_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract_422" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract" xlink:label="Locator_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract_439" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives" xlink:label="Locator_mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives_440" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract_439" xlink:to="Locator_mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives_440" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract" xlink:label="Locator_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract_441" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="Locator_us-gaap_UnrealizedGainLossOnDerivatives_442" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract_441" xlink:to="Locator_us-gaap_UnrealizedGainLossOnDerivatives_442" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract" xlink:label="Locator_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract_443" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:label="Locator_us-gaap_GainLossOnDerivativeInstrumentsNetPretax_444" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GainLossOnDerivativeInstrumentsNetPretaxAbstract_443" xlink:to="Locator_us-gaap_GainLossOnDerivativeInstrumentsNetPretax_444" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="Locator_us-gaap_RevenuesAbstract_423" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xlink:label="Locator_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_424" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RevenuesAbstract_423" xlink:to="Locator_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_424" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="Locator_us-gaap_RevenuesAbstract_425" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_426" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RevenuesAbstract_425" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_426" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_445" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities_446" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_445" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities_446" order="1.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_447" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities_448" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_447" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities_448" order="2.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_449" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_450" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_449" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_450" order="3.0" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="Locator_us-gaap_RevenuesAbstract_427" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="Locator_us-gaap_GainsLossesOnExtinguishmentOfDebt_428" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RevenuesAbstract_427" xlink:to="Locator_us-gaap_GainsLossesOnExtinguishmentOfDebt_428" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="Locator_us-gaap_RevenuesAbstract_429" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherIncome" xlink:label="Locator_us-gaap_OtherIncome_430" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RevenuesAbstract_429" xlink:to="Locator_us-gaap_OtherIncome_430" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="Locator_us-gaap_RevenuesAbstract_431" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Revenues" xlink:label="Locator_us-gaap_Revenues_432" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RevenuesAbstract_431" xlink:to="Locator_us-gaap_Revenues_432" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_407" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="Locator_us-gaap_OperatingExpensesAbstract_408" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_407" xlink:to="Locator_us-gaap_OperatingExpensesAbstract_408" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="Locator_us-gaap_OperatingExpensesAbstract_451" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" xlink:label="Locator_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_452" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OperatingExpensesAbstract_451" xlink:to="Locator_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_452" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="Locator_us-gaap_OperatingExpensesAbstract_453" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense" xlink:label="Locator_us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense_454" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OperatingExpensesAbstract_453" xlink:to="Locator_us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense_454" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="Locator_us-gaap_OperatingExpensesAbstract_455" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="Locator_us-gaap_OperatingExpenses_456" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OperatingExpensesAbstract_455" xlink:to="Locator_us-gaap_OperatingExpenses_456" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="Locator_us-gaap_OperatingExpensesAbstract_457" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestExpense" xlink:label="Locator_us-gaap_InterestExpense_458" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OperatingExpensesAbstract_457" xlink:to="Locator_us-gaap_InterestExpense_458" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="Locator_us-gaap_OperatingExpensesAbstract_459" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BenefitsLossesAndExpenses" xlink:label="Locator_us-gaap_BenefitsLossesAndExpenses_460" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OperatingExpensesAbstract_459" xlink:to="Locator_us-gaap_BenefitsLossesAndExpenses_460" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="Locator_us-gaap_OperatingExpensesAbstract_461" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="Locator_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_462" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OperatingExpensesAbstract_461" xlink:to="Locator_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_462" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="Locator_us-gaap_OperatingExpensesAbstract_463" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="Locator_us-gaap_IncomeTaxExpenseBenefit_464" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OperatingExpensesAbstract_463" xlink:to="Locator_us-gaap_IncomeTaxExpenseBenefit_464" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="Locator_us-gaap_OperatingExpensesAbstract_465" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="Locator_us-gaap_NetIncomeLoss_466" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OperatingExpensesAbstract_465" xlink:to="Locator_us-gaap_NetIncomeLoss_466" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_409" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="Locator_us-gaap_EarningsPerShareAbstract_410" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_409" xlink:to="Locator_us-gaap_EarningsPerShareAbstract_410" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="Locator_us-gaap_EarningsPerShareAbstract_471" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="Locator_us-gaap_EarningsPerShareBasic_472" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EarningsPerShareAbstract_471" xlink:to="Locator_us-gaap_EarningsPerShareBasic_472" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="Locator_us-gaap_EarningsPerShareAbstract_473" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="Locator_us-gaap_EarningsPerShareDiluted_474" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EarningsPerShareAbstract_473" xlink:to="Locator_us-gaap_EarningsPerShareDiluted_474" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_411" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:label="Locator_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_412" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_411" xlink:to="Locator_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_412" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:label="Locator_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_467" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="Locator_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_468" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_467" xlink:to="Locator_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_468" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:label="Locator_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_469" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="Locator_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_470" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_469" xlink:to="Locator_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_470" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_599" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_600" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_599" xlink:to="Locator_dei_LegalEntityAxis_600" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_601" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_602" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_601" xlink:to="Locator_dei_EntityDomain_602" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_603" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" xlink:label="Locator_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_604" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_603" xlink:to="Locator_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_604" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_605" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_606" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_605" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_606" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="Locator_us-gaap_IncomeStatementAbstract_475" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_476" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeStatementAbstract_475" xlink:to="Locator_us-gaap_StatementTable_476" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/StatementConsolidatedStatementsOfOperationsParenthetical">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_635" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis" xlink:label="Locator_us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis_636" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_635" xlink:to="Locator_us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis_636" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis" xlink:label="Locator_us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis_643" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentDomain" xlink:label="Locator_us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentDomain_644" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis_643" xlink:to="Locator_us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentDomain_644" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentDomain" xlink:label="Locator_us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentDomain_645" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceSegmentMember" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceSegmentMember_646" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentDomain_645" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceSegmentMember_646" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_631" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_632" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_631" xlink:to="Locator_us-gaap_StatementLineItems_632" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_607" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CededPremiumsEarned" xlink:label="Locator_us-gaap_CededPremiumsEarned_608" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_607" xlink:to="Locator_us-gaap_CededPremiumsEarned_608" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_633" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_634" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_633" xlink:to="Locator_dei_LegalEntityAxis_634" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_637" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_638" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_637" xlink:to="Locator_dei_EntityDomain_638" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_639" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" xlink:label="Locator_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_640" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_639" xlink:to="Locator_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_640" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_641" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_642" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_641" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_642" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="Locator_us-gaap_IncomeStatementAbstract_611" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_612" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeStatementAbstract_611" xlink:to="Locator_us-gaap_StatementTable_612" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/ConsolidatedStatementsOfComprehensiveIncomeLoss">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_647" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_648" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_647" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_648" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_655" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_656" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_655" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_656" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_657" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_658" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_657" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_658" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_659" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_660" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_659" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_660" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_661" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax_662" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_661" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax_662" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_663" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_664" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_663" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_664" order="5.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_665" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_666" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_665" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_666" order="6.0" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_649" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_650" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_649" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_650" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_667" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax" xlink:label="Locator_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax_668" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_667" xlink:to="Locator_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax_668" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_669" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax" xlink:label="Locator_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax_670" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_669" xlink:to="Locator_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax_670" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_671" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax" xlink:label="Locator_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax_672" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_671" xlink:to="Locator_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax_672" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_673" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax" xlink:label="Locator_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax_674" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_673" xlink:to="Locator_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax_674" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_675" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax" xlink:label="Locator_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax_676" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_675" xlink:to="Locator_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax_676" order="5.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_677" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax" xlink:label="Locator_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax_678" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_677" xlink:to="Locator_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax_678" order="6.0" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_651" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_652" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_651" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_652" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_685" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax_686" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_685" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax_686" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_687" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax_688" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_687" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationTax_688" order="5.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_689" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax_690" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_689" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax_690" order="6.0" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_679" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax_680" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_679" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax_680" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_681" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax_682" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_681" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax_682" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_683" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax_684" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_683" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax_684" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_653" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_654" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_653" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_654" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="Locator_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_691" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="Locator_us-gaap_NetIncomeLoss_692" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_691" xlink:to="Locator_us-gaap_NetIncomeLoss_692" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="Locator_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_693" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_694" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_693" xlink:to="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_694" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="Locator_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_695" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="Locator_us-gaap_ComprehensiveIncomeNetOfTax_696" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_695" xlink:to="Locator_us-gaap_ComprehensiveIncomeNetOfTax_696" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/StatementConsolidatedStatementOfChangesInShareholdersEquity">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_821" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="Locator_us-gaap_StatementEquityComponentsAxis_822" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_821" xlink:to="Locator_us-gaap_StatementEquityComponentsAxis_822" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="Locator_us-gaap_StatementEquityComponentsAxis_823" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="Locator_us-gaap_EquityComponentDomain_824" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementEquityComponentsAxis_823" xlink:to="Locator_us-gaap_EquityComponentDomain_824" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="Locator_us-gaap_EquityComponentDomain_827" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="Locator_us-gaap_PreferredStockMember_828" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EquityComponentDomain_827" xlink:to="Locator_us-gaap_PreferredStockMember_828" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="Locator_us-gaap_EquityComponentDomain_829" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestMember" xlink:label="Locator_mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestMember_830" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EquityComponentDomain_829" xlink:to="Locator_mbi_PreferredStockOfSubsidiaryAndNoncontrollingInterestMember_830" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="Locator_us-gaap_EquityComponentDomain_825" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParentMember" xlink:label="Locator_us-gaap_ParentMember_826" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EquityComponentDomain_825" xlink:to="Locator_us-gaap_ParentMember_826" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParentMember" xlink:label="Locator_us-gaap_ParentMember_831" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockMember" xlink:label="Locator_us-gaap_CommonStockMember_832" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ParentMember_831" xlink:to="Locator_us-gaap_CommonStockMember_832" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParentMember" xlink:label="Locator_us-gaap_ParentMember_833" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="Locator_us-gaap_AdditionalPaidInCapitalMember_834" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ParentMember_833" xlink:to="Locator_us-gaap_AdditionalPaidInCapitalMember_834" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParentMember" xlink:label="Locator_us-gaap_ParentMember_835" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="Locator_us-gaap_RetainedEarningsMember_836" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ParentMember_835" xlink:to="Locator_us-gaap_RetainedEarningsMember_836" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParentMember" xlink:label="Locator_us-gaap_ParentMember_837" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="Locator_us-gaap_AccumulatedOtherComprehensiveIncomeMember_838" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ParentMember_837" xlink:to="Locator_us-gaap_AccumulatedOtherComprehensiveIncomeMember_838" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParentMember" xlink:label="Locator_us-gaap_ParentMember_839" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TreasuryStockMember" xlink:label="Locator_us-gaap_TreasuryStockMember_840" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ParentMember_839" xlink:to="Locator_us-gaap_TreasuryStockMember_840" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_819" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_820" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_819" xlink:to="Locator_us-gaap_StatementLineItems_820" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_743" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CumulativeEffectOfProspectiveApplicationOfNewAccountingPrinciple" xlink:label="Locator_us-gaap_CumulativeEffectOfProspectiveApplicationOfNewAccountingPrinciple_744" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_743" xlink:to="Locator_us-gaap_CumulativeEffectOfProspectiveApplicationOfNewAccountingPrinciple_744" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_749" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:label="Locator_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_750" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_749" xlink:to="Locator_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_750" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_751" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:label="Locator_us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_752" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_751" xlink:to="Locator_us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_752" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_753" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TreasuryStockValueAcquiredCostMethod" xlink:label="Locator_us-gaap_TreasuryStockValueAcquiredCostMethod_754" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_753" xlink:to="Locator_us-gaap_TreasuryStockValueAcquiredCostMethod_754" order="9.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_755" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TreasuryStockSharesAcquired" xlink:label="Locator_us-gaap_TreasuryStockSharesAcquired_756" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_755" xlink:to="Locator_us-gaap_TreasuryStockSharesAcquired_756" order="10.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_757" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestDecreaseFromRedemptions" xlink:label="Locator_us-gaap_MinorityInterestDecreaseFromRedemptions_758" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_757" xlink:to="Locator_us-gaap_MinorityInterestDecreaseFromRedemptions_758" order="11.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_759" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MinorityInterestDecreaseFromRedemptionsShares" xlink:label="Locator_mbi_MinorityInterestDecreaseFromRedemptionsShares_760" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_759" xlink:to="Locator_mbi_MinorityInterestDecreaseFromRedemptionsShares_760" order="12.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_761" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestPeriodIncreaseDecrease" xlink:label="Locator_us-gaap_MinorityInterestPeriodIncreaseDecrease_762" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_761" xlink:to="Locator_us-gaap_MinorityInterestPeriodIncreaseDecrease_762" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_737" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_738" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_737" xlink:to="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_738" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_763" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_764" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_763" xlink:to="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_764" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_739" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="Locator_us-gaap_CommonStockSharesIssued_740" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_739" xlink:to="Locator_us-gaap_CommonStockSharesIssued_740" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_765" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="Locator_us-gaap_CommonStockSharesIssued_766" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_765" xlink:to="Locator_us-gaap_CommonStockSharesIssued_766" order="15.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_741" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="Locator_us-gaap_PreferredStockSharesIssued_742" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_741" xlink:to="Locator_us-gaap_PreferredStockSharesIssued_742" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_767" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="Locator_us-gaap_PreferredStockSharesIssued_768" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_767" xlink:to="Locator_us-gaap_PreferredStockSharesIssued_768" order="16.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_747" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_748" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_747" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_748" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_745" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="Locator_us-gaap_NetIncomeLoss_746" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_745" xlink:to="Locator_us-gaap_NetIncomeLoss_746" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="Locator_us-gaap_StatementOfStockholdersEquityAbstract_771" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_772" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOfStockholdersEquityAbstract_771" xlink:to="Locator_us-gaap_StatementTable_772" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/StatementConsolidatedStatementOfChangesInShareholdersEquityParenthetical">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_867" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="Locator_us-gaap_StatementEquityComponentsAxis_868" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_867" xlink:to="Locator_us-gaap_StatementEquityComponentsAxis_868" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="Locator_us-gaap_StatementEquityComponentsAxis_869" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="Locator_us-gaap_EquityComponentDomain_870" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementEquityComponentsAxis_869" xlink:to="Locator_us-gaap_EquityComponentDomain_870" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="Locator_us-gaap_EquityComponentDomain_871" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParentMember" xlink:label="Locator_us-gaap_ParentMember_872" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EquityComponentDomain_871" xlink:to="Locator_us-gaap_ParentMember_872" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_865" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_866" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_865" xlink:to="Locator_us-gaap_StatementLineItems_866" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_841" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation" xlink:label="Locator_us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation_842" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_841" xlink:to="Locator_us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation_842" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_843" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ConsolidatedVariableInterestEntitiesTax" xlink:label="Locator_mbi_ConsolidatedVariableInterestEntitiesTax_844" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_843" xlink:to="Locator_mbi_ConsolidatedVariableInterestEntitiesTax_844" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_845" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DeconsolidatedVariableInterestEntitiesTax" xlink:label="Locator_mbi_DeconsolidatedVariableInterestEntitiesTax_846" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_845" xlink:to="Locator_mbi_DeconsolidatedVariableInterestEntitiesTax_846" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="Locator_us-gaap_StatementOfStockholdersEquityAbstract_849" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_850" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOfStockholdersEquityAbstract_849" xlink:to="Locator_us-gaap_StatementTable_850" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/StatementConsolidatedStatementsOfCashFlows">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_873" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromInsurancePremiumsCollected" xlink:label="Locator_us-gaap_ProceedsFromInsurancePremiumsCollected_874" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_873" xlink:to="Locator_us-gaap_ProceedsFromInsurancePremiumsCollected_874" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_877" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromInsuranceSettlementOperatingActivities" xlink:label="Locator_us-gaap_ProceedsFromInsuranceSettlementOperatingActivities_878" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_877" xlink:to="Locator_us-gaap_ProceedsFromInsuranceSettlementOperatingActivities_878" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_879" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PaymentsForNetRealizedLossesOnInsuredDerivativesPaid" xlink:label="Locator_mbi_PaymentsForNetRealizedLossesOnInsuredDerivativesPaid_880" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_879" xlink:to="Locator_mbi_PaymentsForNetRealizedLossesOnInsuredDerivativesPaid_880" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_881" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForLossesAndLossAdjustmentExpense" xlink:label="Locator_us-gaap_PaymentsForLossesAndLossAdjustmentExpense_882" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_881" xlink:to="Locator_us-gaap_PaymentsForLossesAndLossAdjustmentExpense_882" order="5.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_883" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ProceedsFromReinsuranceAndRecoveries" xlink:label="Locator_mbi_ProceedsFromReinsuranceAndRecoveries_884" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_883" xlink:to="Locator_mbi_ProceedsFromReinsuranceAndRecoveries_884" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_875" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromInterestAndDividendsReceived" xlink:label="Locator_us-gaap_ProceedsFromInterestAndDividendsReceived_876" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_875" xlink:to="Locator_us-gaap_ProceedsFromInterestAndDividendsReceived_876" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_885" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForOperatingActivities" xlink:label="Locator_us-gaap_PaymentsForOperatingActivities_886" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_885" xlink:to="Locator_us-gaap_PaymentsForOperatingActivities_886" order="7.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_887" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="Locator_us-gaap_InterestPaidNet_888" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_887" xlink:to="Locator_us-gaap_InterestPaidNet_888" order="8.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_889" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="Locator_us-gaap_IncomeTaxesPaidNet_890" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_889" xlink:to="Locator_us-gaap_IncomeTaxesPaidNet_890" order="9.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_891" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_892" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_891" xlink:to="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_892" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_905" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireHeldToMaturitySecurities" xlink:label="Locator_us-gaap_PaymentsToAcquireHeldToMaturitySecurities_906" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_905" xlink:to="Locator_us-gaap_PaymentsToAcquireHeldToMaturitySecurities_906" order="7.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_907" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities" xlink:label="Locator_us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities_908" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_907" xlink:to="Locator_us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities_908" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_913" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireLoansReceivable" xlink:label="Locator_us-gaap_PaymentsToAcquireLoansReceivable_914" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_913" xlink:to="Locator_us-gaap_PaymentsToAcquireLoansReceivable_914" order="11.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_915" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable" xlink:label="Locator_us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable_916" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_915" xlink:to="Locator_us-gaap_ProceedsFromSaleAndCollectionOfLoansReceivable_916" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_917" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfOtherAssetsInvestingActivities" xlink:label="Locator_us-gaap_ProceedsFromSaleOfOtherAssetsInvestingActivities_918" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_917" xlink:to="Locator_us-gaap_ProceedsFromSaleOfOtherAssetsInvestingActivities_918" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_919" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:label="Locator_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_920" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_919" xlink:to="Locator_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_920" order="14.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_921" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ProceedsFromConsolidationOfVariableInterestEntity" xlink:label="Locator_mbi_ProceedsFromConsolidationOfVariableInterestEntity_922" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_921" xlink:to="Locator_mbi_ProceedsFromConsolidationOfVariableInterestEntity_922" order="15.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_923" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PaymentsForDeconsolidationOfVariableInterestEntity" xlink:label="Locator_mbi_PaymentsForDeconsolidationOfVariableInterestEntity_924" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_923" xlink:to="Locator_mbi_PaymentsForDeconsolidationOfVariableInterestEntity_924" order="16.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_929" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="Locator_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_930" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_929" xlink:to="Locator_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_930" order="19.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_931" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:label="Locator_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_932" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_931" xlink:to="Locator_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_932" order="20.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_893" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecurities" xlink:label="Locator_us-gaap_PaymentsToAcquireAvailableForSaleSecurities_894" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_893" xlink:to="Locator_us-gaap_PaymentsToAcquireAvailableForSaleSecurities_894" order="1.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_895" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" xlink:label="Locator_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities_896" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_895" xlink:to="Locator_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities_896" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_897" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities" xlink:label="Locator_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities_898" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_897" xlink:to="Locator_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities_898" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_899" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities" xlink:label="Locator_mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities_900" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_899" xlink:to="Locator_mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities_900" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_901" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities" xlink:label="Locator_mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities_902" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_901" xlink:to="Locator_mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities_902" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_903" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForProceedsFromShortTermInvestments" xlink:label="Locator_us-gaap_PaymentsForProceedsFromShortTermInvestments_904" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_903" xlink:to="Locator_us-gaap_PaymentsForProceedsFromShortTermInvestments_904" order="6.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_909" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireOtherInvestments" xlink:label="Locator_us-gaap_PaymentsToAcquireOtherInvestments_910" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_909" xlink:to="Locator_us-gaap_PaymentsToAcquireOtherInvestments_910" order="9.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_911" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ProceedsFromSalesMaturitiesPrepaymentsAndCallsOfOtherInvestments" xlink:label="Locator_mbi_ProceedsFromSalesMaturitiesPrepaymentsAndCallsOfOtherInvestments_912" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_911" xlink:to="Locator_mbi_ProceedsFromSalesMaturitiesPrepaymentsAndCallsOfOtherInvestments_912" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_925" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities" xlink:label="Locator_us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities_926" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_925" xlink:to="Locator_us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities_926" order="17.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_927" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseCashCollateralFromCounterparties" xlink:label="Locator_us-gaap_IncreaseDecreaseCashCollateralFromCounterparties_928" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_927" xlink:to="Locator_us-gaap_IncreaseDecreaseCashCollateralFromCounterparties_928" order="18.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_933" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="Locator_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_934" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_933" xlink:to="Locator_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_934" order="21.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_935" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations_936" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_935" xlink:to="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations_936" order="22.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_941" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromIssuanceOfMediumTermNotes" xlink:label="Locator_us-gaap_ProceedsFromIssuanceOfMediumTermNotes_942" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_941" xlink:to="Locator_us-gaap_ProceedsFromIssuanceOfMediumTermNotes_942" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_943" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentsOfMediumTermNotes" xlink:label="Locator_us-gaap_RepaymentsOfMediumTermNotes_944" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_943" xlink:to="Locator_us-gaap_RepaymentsOfMediumTermNotes_944" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_945" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentsOfNotesPayable" xlink:label="Locator_us-gaap_RepaymentsOfNotesPayable_946" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_945" xlink:to="Locator_us-gaap_RepaymentsOfNotesPayable_946" order="5.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_947" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromNotesPayable" xlink:label="Locator_us-gaap_ProceedsFromNotesPayable_948" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_947" xlink:to="Locator_us-gaap_ProceedsFromNotesPayable_948" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_951" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsOfDividends" xlink:label="Locator_us-gaap_PaymentsOfDividends_952" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_951" xlink:to="Locator_us-gaap_PaymentsOfDividends_952" order="8.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_953" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet" xlink:label="Locator_us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet_954" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_953" xlink:to="Locator_us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet_954" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_955" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromIssuanceOfDebt" xlink:label="Locator_us-gaap_ProceedsFromIssuanceOfDebt_956" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_955" xlink:to="Locator_us-gaap_ProceedsFromIssuanceOfDebt_956" order="10.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_961" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToMinorityShareholders" xlink:label="Locator_us-gaap_PaymentsToMinorityShareholders_962" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_961" xlink:to="Locator_us-gaap_PaymentsToMinorityShareholders_962" order="13.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_937" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt" xlink:label="Locator_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt_938" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_937" xlink:to="Locator_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt_938" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_939" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentsOfOtherLongTermDebt" xlink:label="Locator_us-gaap_RepaymentsOfOtherLongTermDebt_940" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_939" xlink:to="Locator_us-gaap_RepaymentsOfOtherLongTermDebt_940" order="2.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_949" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase" xlink:label="Locator_us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase_950" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_949" xlink:to="Locator_us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase_950" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_957" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="Locator_us-gaap_RepaymentsOfLongTermDebt_958" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_957" xlink:to="Locator_us-gaap_RepaymentsOfLongTermDebt_958" order="11.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_959" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="Locator_us-gaap_PaymentsForRepurchaseOfCommonStock_960" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_959" xlink:to="Locator_us-gaap_PaymentsForRepurchaseOfCommonStock_960" order="12.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_963" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromStockPlans" xlink:label="Locator_us-gaap_ProceedsFromStockPlans_964" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_963" xlink:to="Locator_us-gaap_ProceedsFromStockPlans_964" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_965" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations_966" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_965" xlink:to="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations_966" order="15.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract" xlink:label="Locator_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract_967" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="Locator_us-gaap_NetIncomeLoss_968" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract_967" xlink:to="Locator_us-gaap_NetIncomeLoss_968" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_973" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesTotal" xlink:label="Locator_mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesTotal_974" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_973" xlink:to="Locator_mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesTotal_974" order="3.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_975" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="Locator_us-gaap_UnrealizedGainLossOnDerivatives_976" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_975" xlink:to="Locator_us-gaap_UnrealizedGainLossOnDerivatives_976" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_985" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="Locator_us-gaap_ShareBasedCompensation_986" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_985" xlink:to="Locator_us-gaap_ShareBasedCompensation_986" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_987" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_VieInterestNet" xlink:label="Locator_mbi_VieInterestNet_988" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_987" xlink:to="Locator_mbi_VieInterestNet_988" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_969" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ChangeInAbstract" xlink:label="Locator_mbi_ChangeInAbstract_970" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_969" xlink:to="Locator_mbi_ChangeInAbstract_970" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ChangeInAbstract" xlink:label="Locator_mbi_ChangeInAbstract_995" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInPremiumsReceivable" xlink:label="Locator_us-gaap_IncreaseDecreaseInPremiumsReceivable_996" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ChangeInAbstract_995" xlink:to="Locator_us-gaap_IncreaseDecreaseInPremiumsReceivable_996" order="1.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ChangeInAbstract" xlink:label="Locator_mbi_ChangeInAbstract_997" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts" xlink:label="Locator_us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts_998" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ChangeInAbstract_997" xlink:to="Locator_us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts_998" order="2.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ChangeInAbstract" xlink:label="Locator_mbi_ChangeInAbstract_999" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInUnearnedPremiums" xlink:label="Locator_us-gaap_IncreaseDecreaseInUnearnedPremiums_1000" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ChangeInAbstract_999" xlink:to="Locator_us-gaap_IncreaseDecreaseInUnearnedPremiums_1000" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ChangeInAbstract" xlink:label="Locator_mbi_ChangeInAbstract_1001" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve" xlink:label="Locator_us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve_1002" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ChangeInAbstract_1001" xlink:to="Locator_us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve_1002" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ChangeInAbstract" xlink:label="Locator_mbi_ChangeInAbstract_1003" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IncreaseDecreaseInInsuranceLossRecoverable" xlink:label="Locator_mbi_IncreaseDecreaseInInsuranceLossRecoverable_1004" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ChangeInAbstract_1003" xlink:to="Locator_mbi_IncreaseDecreaseInInsuranceLossRecoverable_1004" order="5.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ChangeInAbstract" xlink:label="Locator_mbi_ChangeInAbstract_1005" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInInterestPayableNet" xlink:label="Locator_us-gaap_IncreaseDecreaseInInterestPayableNet_1006" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ChangeInAbstract_1005" xlink:to="Locator_us-gaap_IncreaseDecreaseInInterestPayableNet_1006" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ChangeInAbstract" xlink:label="Locator_mbi_ChangeInAbstract_1007" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:label="Locator_us-gaap_IncreaseDecreaseInAccruedLiabilities_1008" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ChangeInAbstract_1007" xlink:to="Locator_us-gaap_IncreaseDecreaseInAccruedLiabilities_1008" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ChangeInAbstract" xlink:label="Locator_mbi_ChangeInAbstract_1009" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:label="Locator_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_1010" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ChangeInAbstract_1009" xlink:to="Locator_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_1010" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_971" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NetOtherThanTemporaryImpairments" xlink:label="Locator_mbi_NetOtherThanTemporaryImpairments_972" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_971" xlink:to="Locator_mbi_NetOtherThanTemporaryImpairments_972" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_977" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xlink:label="Locator_mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_978" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_977" xlink:to="Locator_mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_978" order="5.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_979" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses" xlink:label="Locator_mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses_980" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_979" xlink:to="Locator_mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses_980" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_981" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="Locator_us-gaap_DeferredIncomeTaxExpenseBenefit_982" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_981" xlink:to="Locator_us-gaap_DeferredIncomeTaxExpenseBenefit_982" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_983" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AdjustmentGainsLossesOnExtinguishmentOfDebt" xlink:label="Locator_mbi_AdjustmentGainsLossesOnExtinguishmentOfDebt_984" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_983" xlink:to="Locator_mbi_AdjustmentGainsLossesOnExtinguishmentOfDebt_984" order="8.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_989" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherNoncashIncomeExpense" xlink:label="Locator_us-gaap_OtherNoncashIncomeExpense_990" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_989" xlink:to="Locator_us-gaap_OtherNoncashIncomeExpense_990" order="11.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_991" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities_992" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_991" xlink:to="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities_992" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_993" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_994" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_993" xlink:to="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_994" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="Locator_us-gaap_StatementOfCashFlowsAbstract_1011" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_1012" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOfCashFlowsAbstract_1011" xlink:to="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_1012" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="Locator_us-gaap_StatementOfCashFlowsAbstract_1013" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_1014" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOfCashFlowsAbstract_1013" xlink:to="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_1014" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="Locator_us-gaap_StatementOfCashFlowsAbstract_1015" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_1016" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOfCashFlowsAbstract_1015" xlink:to="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_1016" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="Locator_us-gaap_StatementOfCashFlowsAbstract_1017" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations" xlink:label="Locator_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations_1018" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOfCashFlowsAbstract_1017" xlink:to="Locator_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations_1018" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="Locator_us-gaap_StatementOfCashFlowsAbstract_1019" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="Locator_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_1020" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOfCashFlowsAbstract_1019" xlink:to="Locator_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_1020" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="Locator_us-gaap_StatementOfCashFlowsAbstract_1023" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashIncludingDiscontinuedOperations" xlink:label="Locator_us-gaap_CashIncludingDiscontinuedOperations_1024" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOfCashFlowsAbstract_1023" xlink:to="Locator_us-gaap_CashIncludingDiscontinuedOperations_1024" order="7.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="Locator_us-gaap_StatementOfCashFlowsAbstract_1021" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="Locator_us-gaap_CashAndCashEquivalentsAtCarryingValue_1022" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOfCashFlowsAbstract_1021" xlink:to="Locator_us-gaap_CashAndCashEquivalentsAtCarryingValue_1022" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="Locator_us-gaap_StatementOfCashFlowsAbstract_1025" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="Locator_us-gaap_CashAndCashEquivalentsAtCarryingValue_1026" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOfCashFlowsAbstract_1025" xlink:to="Locator_us-gaap_CashAndCashEquivalentsAtCarryingValue_1026" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="Locator_us-gaap_StatementOfCashFlowsAbstract_1027" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract" xlink:label="Locator_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract_1028" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOfCashFlowsAbstract_1027" xlink:to="Locator_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract_1028" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="Locator_us-gaap_StatementOfCashFlowsAbstract_1029" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_1030" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOfCashFlowsAbstract_1029" xlink:to="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_1030" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/BusinessDevelopmentsAndRisksAndUncertainties">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1163" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NatureOfOperations" xlink:label="Locator_us-gaap_NatureOfOperations_1164" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1163" xlink:to="Locator_us-gaap_NatureOfOperations_1164" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureSignificantAccountingPolicies">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1165" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="Locator_us-gaap_SignificantAccountingPoliciesTextBlock_1166" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1165" xlink:to="Locator_us-gaap_SignificantAccountingPoliciesTextBlock_1166" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureRecentAccountingPronouncements">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1167" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xlink:label="Locator_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock_1168" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1167" xlink:to="Locator_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock_1168" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureVariableInterestEntities">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1169" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xlink:label="Locator_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_1170" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1169" xlink:to="Locator_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_1170" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureLossAndLossAdjustmentExpenseReserves">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1171" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock" xlink:label="Locator_us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock_1172" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1171" xlink:to="Locator_us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock_1172" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstruments">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1173" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="Locator_us-gaap_FairValueDisclosuresTextBlock_1174" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1173" xlink:to="Locator_us-gaap_FairValueDisclosuresTextBlock_1174" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureInvestments">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1175" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MarketableSecuritiesTextBlock" xlink:label="Locator_us-gaap_MarketableSecuritiesTextBlock_1176" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1175" xlink:to="Locator_us-gaap_MarketableSecuritiesTextBlock_1176" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureDerivativeInstruments">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1177" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:label="Locator_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_1178" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1177" xlink:to="Locator_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_1178" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureIncomeTaxes">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1179" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="Locator_us-gaap_IncomeTaxDisclosureTextBlock_1180" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1179" xlink:to="Locator_us-gaap_IncomeTaxDisclosureTextBlock_1180" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureBusinessSegments">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1181" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock" xlink:label="Locator_us-gaap_SegmentReportingDisclosureTextBlock_1182" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1181" xlink:to="Locator_us-gaap_SegmentReportingDisclosureTextBlock_1182" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureEarningsPerShare">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1183" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="Locator_us-gaap_EarningsPerShareTextBlock_1184" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1183" xlink:to="Locator_us-gaap_EarningsPerShareTextBlock_1184" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureCommitmentsAndContingencies">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1185" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="Locator_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_1186" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1185" xlink:to="Locator_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_1186" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureSubsequentEvents">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1187" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSubsequentEventsTextBlock" xlink:label="Locator_us-gaap_ScheduleOfSubsequentEventsTextBlock_1188" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1187" xlink:to="Locator_us-gaap_ScheduleOfSubsequentEventsTextBlock_1188" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureSignificantAccountingPoliciesPolicies">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1189" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:label="Locator_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_1190" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1189" xlink:to="Locator_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_1190" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1191" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="Locator_us-gaap_ConsolidationPolicyTextBlock_1192" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1191" xlink:to="Locator_us-gaap_ConsolidationPolicyTextBlock_1192" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1193" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentPolicyTextBlock" xlink:label="Locator_us-gaap_InvestmentPolicyTextBlock_1194" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1193" xlink:to="Locator_us-gaap_InvestmentPolicyTextBlock_1194" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1195" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:label="Locator_us-gaap_CashAndCashEquivalentsPolicyTextBlock_1196" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1195" xlink:to="Locator_us-gaap_CashAndCashEquivalentsPolicyTextBlock_1196" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1197" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalizationOfDeferredPolicyAcquisitionCostsPolicy" xlink:label="Locator_us-gaap_CapitalizationOfDeferredPolicyAcquisitionCostsPolicy_1198" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1197" xlink:to="Locator_us-gaap_CapitalizationOfDeferredPolicyAcquisitionCostsPolicy_1198" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1199" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:label="Locator_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_1200" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1199" xlink:to="Locator_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_1200" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1201" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativesPolicyTextBlock" xlink:label="Locator_us-gaap_DerivativesPolicyTextBlock_1202" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1201" xlink:to="Locator_us-gaap_DerivativesPolicyTextBlock_1202" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1203" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativesOffsettingFairValueAmountsPolicy" xlink:label="Locator_us-gaap_DerivativesOffsettingFairValueAmountsPolicy_1204" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1203" xlink:to="Locator_us-gaap_DerivativesOffsettingFairValueAmountsPolicy_1204" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1205" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementPolicyPolicyTextBlock" xlink:label="Locator_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_1206" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1205" xlink:to="Locator_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_1206" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1207" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnpaidPolicyClaimsAndClaimsAdjustmentExpensePolicy" xlink:label="Locator_us-gaap_UnpaidPolicyClaimsAndClaimsAdjustmentExpensePolicy_1208" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1207" xlink:to="Locator_us-gaap_UnpaidPolicyClaimsAndClaimsAdjustmentExpensePolicy_1208" order="10.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1209" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtPolicyTextBlock" xlink:label="Locator_us-gaap_DebtPolicyTextBlock_1210" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1209" xlink:to="Locator_us-gaap_DebtPolicyTextBlock_1210" order="11.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1211" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsurancePremiumsRevenueRecognitionPolicy" xlink:label="Locator_us-gaap_InsurancePremiumsRevenueRecognitionPolicy_1212" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1211" xlink:to="Locator_us-gaap_InsurancePremiumsRevenueRecognitionPolicy_1212" order="12.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1213" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenueRecognitionPolicyTextBlock" xlink:label="Locator_us-gaap_RevenueRecognitionPolicyTextBlock_1214" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1213" xlink:to="Locator_us-gaap_RevenueRecognitionPolicyTextBlock_1214" order="13.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1215" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:label="Locator_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_1216" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1215" xlink:to="Locator_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_1216" order="14.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1217" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:label="Locator_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_1218" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1217" xlink:to="Locator_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_1218" order="15.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1219" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxPolicyTextBlock" xlink:label="Locator_us-gaap_IncomeTaxPolicyTextBlock_1220" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1219" xlink:to="Locator_us-gaap_IncomeTaxPolicyTextBlock_1220" order="16.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1221" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="Locator_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_1222" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1221" xlink:to="Locator_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_1222" order="17.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1223" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DescriptionOfNewAccountingPronouncementsNotYetAdopted" xlink:label="Locator_us-gaap_DescriptionOfNewAccountingPronouncementsNotYetAdopted_1224" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1223" xlink:to="Locator_us-gaap_DescriptionOfNewAccountingPronouncementsNotYetAdopted_1224" order="18.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureBusinessDevelopmentsAndRisksAndUncertaintiesTables">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1225" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AssetLiabilityProductsCreditSpreadSensitivityTableTextBlock" xlink:label="Locator_mbi_AssetLiabilityProductsCreditSpreadSensitivityTableTextBlock_1226" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1225" xlink:to="Locator_mbi_AssetLiabilityProductsCreditSpreadSensitivityTableTextBlock_1226" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1227" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AssetsAndLiabilitiesHeldForSaleTableTextBlock" xlink:label="Locator_mbi_AssetsAndLiabilitiesHeldForSaleTableTextBlock_1228" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1227" xlink:to="Locator_mbi_AssetsAndLiabilitiesHeldForSaleTableTextBlock_1228" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/VariableInterestEntitiesTables">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1229" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfSummaryOfNonconsolidatedViesAssetsAndLiabilitiesTableTextBlock" xlink:label="Locator_mbi_ScheduleOfSummaryOfNonconsolidatedViesAssetsAndLiabilitiesTableTextBlock_1230" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1229" xlink:to="Locator_mbi_ScheduleOfSummaryOfNonconsolidatedViesAssetsAndLiabilitiesTableTextBlock_1230" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureLossAndLossAdjustmentExpenseReservesTables">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1231" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfLossesAndLossAdjustmentExpensesTableTextBlock" xlink:label="Locator_mbi_ScheduleOfLossesAndLossAdjustmentExpensesTableTextBlock_1232" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1231" xlink:to="Locator_mbi_ScheduleOfLossesAndLossAdjustmentExpensesTableTextBlock_1232" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1233" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationTextBlock" xlink:label="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationTextBlock_1234" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1233" xlink:to="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationTextBlock_1234" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1235" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfInsuranceLossReservesAndRecoverablesForInsuredObligationsTextBlock" xlink:label="Locator_mbi_ScheduleOfInsuranceLossReservesAndRecoverablesForInsuredObligationsTextBlock_1236" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1235" xlink:to="Locator_mbi_ScheduleOfInsuranceLossReservesAndRecoverablesForInsuredObligationsTextBlock_1236" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1237" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfCompanySRmbsExposureGrossUndiscountedClaimLiabilityAndPotentialRecoveriesBeforeEliminationOfAmountsRelatedToConsolidatedVieSTableTextBlock" xlink:label="Locator_mbi_ScheduleOfCompanySRmbsExposureGrossUndiscountedClaimLiabilityAndPotentialRecoveriesBeforeEliminationOfAmountsRelatedToConsolidatedVieSTableTextBlock_1238" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1237" xlink:to="Locator_mbi_ScheduleOfCompanySRmbsExposureGrossUndiscountedClaimLiabilityAndPotentialRecoveriesBeforeEliminationOfAmountsRelatedToConsolidatedVieSTableTextBlock_1238" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1239" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfLossAndLossAdjustmentExpenseReserveTextBlock" xlink:label="Locator_mbi_ScheduleOfLossAndLossAdjustmentExpenseReserveTextBlock_1240" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1239" xlink:to="Locator_mbi_ScheduleOfLossAndLossAdjustmentExpenseReserveTextBlock_1240" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1241" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfInsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesTextBlock" xlink:label="Locator_mbi_ScheduleOfInsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesTextBlock_1242" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1241" xlink:to="Locator_mbi_ScheduleOfInsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesTextBlock_1242" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1243" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfTotalEstimatedRecoveriesFromIneligibleMortgageLoansTextBlock" xlink:label="Locator_mbi_ScheduleOfTotalEstimatedRecoveriesFromIneligibleMortgageLoansTextBlock_1244" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1243" xlink:to="Locator_mbi_ScheduleOfTotalEstimatedRecoveriesFromIneligibleMortgageLoansTextBlock_1244" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1245" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfExpensesRelatedToRemedialActionsForInsuredObligationsTextBlock" xlink:label="Locator_mbi_ScheduleOfExpensesRelatedToRemedialActionsForInsuredObligationsTextBlock_1246" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1245" xlink:to="Locator_mbi_ScheduleOfExpensesRelatedToRemedialActionsForInsuredObligationsTextBlock_1246" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstrumentsTables">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1247" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_1248" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1247" xlink:to="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_1248" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1249" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_1250" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1249" xlink:to="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_1250" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1251" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementInputsDisclosureTextBlock" xlink:label="Locator_us-gaap_FairValueMeasurementInputsDisclosureTextBlock_1252" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1251" xlink:to="Locator_us-gaap_FairValueMeasurementInputsDisclosureTextBlock_1252" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1253" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTextBlock" xlink:label="Locator_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTextBlock_1254" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1253" xlink:to="Locator_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTextBlock_1254" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1255" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:label="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_1256" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1255" xlink:to="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_1256" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1257" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:label="Locator_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_1258" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1257" xlink:to="Locator_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_1258" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1259" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:label="Locator_mbi_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_1260" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1259" xlink:to="Locator_mbi_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_1260" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1261" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock_1262" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1261" xlink:to="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock_1262" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1263" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock" xlink:label="Locator_us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock_1264" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1263" xlink:to="Locator_us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock_1264" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1265" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ChangesInFairValueIncludedInCompanySConsolidatedIncomeStatementForAllFinancialInstrumentsForWhichFairValueOptionWasElectedTextBlock" xlink:label="Locator_mbi_ChangesInFairValueIncludedInCompanySConsolidatedIncomeStatementForAllFinancialInstrumentsForWhichFairValueOptionWasElectedTextBlock_1266" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1265" xlink:to="Locator_mbi_ChangesInFairValueIncludedInCompanySConsolidatedIncomeStatementForAllFinancialInstrumentsForWhichFairValueOptionWasElectedTextBlock_1266" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1267" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalForLoansAndLongTermDebtForWhichFairValueOptionHasBeenElectedTextBlock" xlink:label="Locator_mbi_DifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalForLoansAndLongTermDebtForWhichFairValueOptionHasBeenElectedTextBlock_1268" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1267" xlink:to="Locator_mbi_DifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalForLoansAndLongTermDebtForWhichFairValueOptionHasBeenElectedTextBlock_1268" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureInvestmentsTables">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1269" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentTableTextBlock" xlink:label="Locator_invest_InvestmentTableTextBlock_1270" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1269" xlink:to="Locator_invest_InvestmentTableTextBlock_1270" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1271" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock" xlink:label="Locator_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock_1272" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1271" xlink:to="Locator_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock_1272" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1273" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock" xlink:label="Locator_us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock_1274" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1273" xlink:to="Locator_us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock_1274" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1275" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock" xlink:label="Locator_mbi_InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock_1276" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1275" xlink:to="Locator_mbi_InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThanFivePercentTableTextBlock_1276" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1277" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfFairValuesAndGrossUnrealizedLossesByCreditRatingCategoryTableTextBlock" xlink:label="Locator_mbi_ScheduleOfFairValuesAndGrossUnrealizedLossesByCreditRatingCategoryTableTextBlock_1278" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1277" xlink:to="Locator_mbi_ScheduleOfFairValuesAndGrossUnrealizedLossesByCreditRatingCategoryTableTextBlock_1278" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1279" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfAbsMbsAndCorporateObligationsGuaranteedByFinancialGuarantorsTableTextBlock" xlink:label="Locator_mbi_ScheduleOfAbsMbsAndCorporateObligationsGuaranteedByFinancialGuarantorsTableTextBlock_1280" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1279" xlink:to="Locator_mbi_ScheduleOfAbsMbsAndCorporateObligationsGuaranteedByFinancialGuarantorsTableTextBlock_1280" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1281" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfSignificantInputsUsedInMeasurementOfCreditLossComponentRecognizedInEarningsTableTextBlock" xlink:label="Locator_mbi_ScheduleOfSignificantInputsUsedInMeasurementOfCreditLossComponentRecognizedInEarningsTableTextBlock_1282" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1281" xlink:to="Locator_mbi_ScheduleOfSignificantInputsUsedInMeasurementOfCreditLossComponentRecognizedInEarningsTableTextBlock_1282" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1283" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsTableTextBlock" xlink:label="Locator_mbi_SecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsTableTextBlock_1284" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1283" xlink:to="Locator_mbi_SecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsTableTextBlock_1284" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1285" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock_1286" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1285" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock_1286" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1287" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfRealizedGainLossTableTextBlock" xlink:label="Locator_us-gaap_ScheduleOfRealizedGainLossTableTextBlock_1288" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1287" xlink:to="Locator_us-gaap_ScheduleOfRealizedGainLossTableTextBlock_1288" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureDerivativeInstrumentsTables">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1289" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCreditDerivativesTextBlock" xlink:label="Locator_us-gaap_DisclosureOfCreditDerivativesTextBlock_1290" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1289" xlink:to="Locator_us-gaap_DisclosureOfCreditDerivativesTextBlock_1290" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1291" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:label="Locator_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_1292" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1291" xlink:to="Locator_us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_1292" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1293" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:label="Locator_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_1294" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1293" xlink:to="Locator_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_1294" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureIncomeTaxesTables">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1295" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock" xlink:label="Locator_us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock_1296" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1295" xlink:to="Locator_us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock_1296" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1297" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" xlink:label="Locator_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_1298" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1297" xlink:to="Locator_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_1298" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1299" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:label="Locator_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_1300" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1299" xlink:to="Locator_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_1300" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1301" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:label="Locator_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_1302" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1301" xlink:to="Locator_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_1302" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1303" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock" xlink:label="Locator_us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock_1304" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1303" xlink:to="Locator_us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock_1304" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureBusinessSegmentsTables">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1305" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock" xlink:label="Locator_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_1306" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1305" xlink:to="Locator_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_1306" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1307" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskTableTextBlock" xlink:label="Locator_mbi_PremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskTableTextBlock_1308" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1307" xlink:to="Locator_mbi_PremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskTableTextBlock_1308" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1309" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfSegmentInformationInWindDownOperationsTableTextBlock" xlink:label="Locator_mbi_ScheduleOfSegmentInformationInWindDownOperationsTableTextBlock_1310" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1309" xlink:to="Locator_mbi_ScheduleOfSegmentInformationInWindDownOperationsTableTextBlock_1310" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureEarningsPerShareTables">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1311" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfBasicAndDilutedEarningsPerShareTableTextBlock" xlink:label="Locator_mbi_ScheduleOfBasicAndDilutedEarningsPerShareTableTextBlock_1312" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1311" xlink:to="Locator_mbi_ScheduleOfBasicAndDilutedEarningsPerShareTableTextBlock_1312" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_1313" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_Scheduleofrevisedbasicanddilutedearningspersharetabletextblock" xlink:label="Locator_mbi_Scheduleofrevisedbasicanddilutedearningspersharetabletextblock_1314" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_1313" xlink:to="Locator_mbi_Scheduleofrevisedbasicanddilutedearningspersharetabletextblock_1314" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/BusinessDevelopmentsAndRisksAndUncertaintiesNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_1517" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_1518" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_1517" xlink:to="Locator_dei_EntityDomain_1518" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_1523" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AssetLiabilityProductsSegmentMember" xlink:label="Locator_mbi_AssetLiabilityProductsSegmentMember_1524" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_1523" xlink:to="Locator_mbi_AssetLiabilityProductsSegmentMember_1524" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_1529" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NationalHoldingsMember" xlink:label="Locator_mbi_NationalHoldingsMember_1530" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_1529" xlink:to="Locator_mbi_NationalHoldingsMember_1530" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_1531" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaIncTotalMember" xlink:label="Locator_mbi_MbiaIncTotalMember_1532" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_1531" xlink:to="Locator_mbi_MbiaIncTotalMember_1532" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_1533" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CutwaterHoldingsMember" xlink:label="Locator_mbi_CutwaterHoldingsMember_1534" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_1533" xlink:to="Locator_mbi_CutwaterHoldingsMember_1534" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_1537" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SocietegeneraleMember" xlink:label="Locator_mbi_SocietegeneraleMember_1538" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_1537" xlink:to="Locator_mbi_SocietegeneraleMember_1538" order="10.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_1535" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_BankOfAmericaMember" xlink:label="Locator_mbi_BankOfAmericaMember_1536" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_1535" xlink:to="Locator_mbi_BankOfAmericaMember_1536" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_1521" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaIncGeneralCorporatePurposesMember" xlink:label="Locator_mbi_MbiaIncGeneralCorporatePurposesMember_1522" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_1521" xlink:to="Locator_mbi_MbiaIncGeneralCorporatePurposesMember_1522" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_1519" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaIncMember" xlink:label="Locator_mbi_MbiaIncMember_1520" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_1519" xlink:to="Locator_mbi_MbiaIncMember_1520" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_1525" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaCorpMember" xlink:label="Locator_mbi_MbiaCorpMember_1526" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_1525" xlink:to="Locator_mbi_MbiaCorpMember_1526" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_1527" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NationalMember" xlink:label="Locator_mbi_NationalMember_1528" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_1527" xlink:to="Locator_mbi_NationalMember_1528" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_1539" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_WarburgPincusMember" xlink:label="Locator_mbi_WarburgPincusMember_1540" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_1539" xlink:to="Locator_mbi_WarburgPincusMember_1540" order="11.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1499" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1500" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1499" xlink:to="Locator_us-gaap_BusinessAcquisitionLineItems_1500" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1315" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NumberOfOperatingSegments" xlink:label="Locator_us-gaap_NumberOfOperatingSegments_1316" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1315" xlink:to="Locator_us-gaap_NumberOfOperatingSegments_1316" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1317" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisposalDate1" xlink:label="Locator_us-gaap_DisposalDate1_1318" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1317" xlink:to="Locator_us-gaap_DisposalDate1_1318" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1319" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SeveranceCosts1" xlink:label="Locator_us-gaap_SeveranceCosts1_1320" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1319" xlink:to="Locator_us-gaap_SeveranceCosts1_1320" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1321" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_HeadcountReductionPercentage" xlink:label="Locator_mbi_HeadcountReductionPercentage_1322" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1321" xlink:to="Locator_mbi_HeadcountReductionPercentage_1322" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1323" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ImpairmentOfRealEstate" xlink:label="Locator_us-gaap_ImpairmentOfRealEstate_1324" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1323" xlink:to="Locator_us-gaap_ImpairmentOfRealEstate_1324" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1325" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainOrLossOnSaleOfStockInSubsidiary" xlink:label="Locator_us-gaap_GainOrLossOnSaleOfStockInSubsidiary_1326" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1325" xlink:to="Locator_us-gaap_GainOrLossOnSaleOfStockInSubsidiary_1326" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1327" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LitigationSettlementExpense" xlink:label="Locator_us-gaap_LitigationSettlementExpense_1328" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1327" xlink:to="Locator_us-gaap_LitigationSettlementExpense_1328" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1329" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromLegalSettlements" xlink:label="Locator_us-gaap_ProceedsFromLegalSettlements_1330" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1329" xlink:to="Locator_us-gaap_ProceedsFromLegalSettlements_1330" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1331" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="Locator_us-gaap_DebtInstrumentInterestRateStatedPercentage_1332" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1331" xlink:to="Locator_us-gaap_DebtInstrumentInterestRateStatedPercentage_1332" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1333" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_WarrantTerm" xlink:label="Locator_mbi_WarrantTerm_1334" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1333" xlink:to="Locator_mbi_WarrantTerm_1334" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1335" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfWarrantOrRightOutstanding" xlink:label="Locator_us-gaap_ClassOfWarrantOrRightOutstanding_1336" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1335" xlink:to="Locator_us-gaap_ClassOfWarrantOrRightOutstanding_1336" order="11.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1337" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:label="Locator_us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_1338" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1337" xlink:to="Locator_us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_1338" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1339" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SettlementWithoutPrejudiceTerm" xlink:label="Locator_mbi_SettlementWithoutPrejudiceTerm_1340" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1339" xlink:to="Locator_mbi_SettlementWithoutPrejudiceTerm_1340" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1341" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="Locator_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_1342" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1341" xlink:to="Locator_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_1342" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1343" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SecuredRevolvingCreditAgreementTerm" xlink:label="Locator_mbi_SecuredRevolvingCreditAgreementTerm_1344" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1343" xlink:to="Locator_mbi_SecuredRevolvingCreditAgreementTerm_1344" order="15.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1345" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NationalSecuredLoan" xlink:label="Locator_mbi_NationalSecuredLoan_1346" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1345" xlink:to="Locator_mbi_NationalSecuredLoan_1346" order="16.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1347" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:label="Locator_us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_1348" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1347" xlink:to="Locator_us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_1348" order="17.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1349" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LiquidAssets" xlink:label="Locator_mbi_LiquidAssets_1350" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1349" xlink:to="Locator_mbi_LiquidAssets_1350" order="18.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1351" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ReleaseFromTaxSharingAgreementEscrowAccount" xlink:label="Locator_mbi_ReleaseFromTaxSharingAgreementEscrowAccount_1352" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1351" xlink:to="Locator_mbi_ReleaseFromTaxSharingAgreementEscrowAccount_1352" order="19.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1353" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimPayments" xlink:label="Locator_mbi_ClaimPayments_1354" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1353" xlink:to="Locator_mbi_ClaimPayments_1354" order="20.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1355" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CommutedGrossInsuredExposure" xlink:label="Locator_mbi_CommutedGrossInsuredExposure_1356" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1355" xlink:to="Locator_mbi_CommutedGrossInsuredExposure_1356" order="21.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1357" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AggregateClaimAmount" xlink:label="Locator_mbi_AggregateClaimAmount_1358" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1357" xlink:to="Locator_mbi_AggregateClaimAmount_1358" order="22.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1359" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsMaximumExposure" xlink:label="Locator_us-gaap_GuaranteeObligationsMaximumExposure_1360" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1359" xlink:to="Locator_us-gaap_GuaranteeObligationsMaximumExposure_1360" order="23.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1361" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ConsiderationForWarrantsIssuedShares" xlink:label="Locator_mbi_ConsiderationForWarrantsIssuedShares_1362" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1361" xlink:to="Locator_mbi_ConsiderationForWarrantsIssuedShares_1362" order="24.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1363" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ConsiderationForWarrantsIssuedAmount" xlink:label="Locator_mbi_ConsiderationForWarrantsIssuedAmount_1364" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1363" xlink:to="Locator_mbi_ConsiderationForWarrantsIssuedAmount_1364" order="25.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1365" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TreasuryStockSharesAcquired" xlink:label="Locator_us-gaap_TreasuryStockSharesAcquired_1366" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1365" xlink:to="Locator_us-gaap_TreasuryStockSharesAcquired_1366" order="26.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1367" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TreasuryStockAcquiredAverageCostPerShare" xlink:label="Locator_us-gaap_TreasuryStockAcquiredAverageCostPerShare_1368" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1367" xlink:to="Locator_us-gaap_TreasuryStockAcquiredAverageCostPerShare_1368" order="27.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1369" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CommonStockSharesSold" xlink:label="Locator_mbi_CommonStockSharesSold_1370" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1369" xlink:to="Locator_mbi_CommonStockSharesSold_1370" order="28.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="Locator_us-gaap_BusinessAcquisitionLineItems_1371" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OutstandingBonds" xlink:label="Locator_mbi_OutstandingBonds_1372" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BusinessAcquisitionLineItems_1371" xlink:to="Locator_mbi_OutstandingBonds_1372" order="29.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1501" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_1502" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1501" xlink:to="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_1502" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_1511" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_1512" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_1511" xlink:to="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_1512" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_1513" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashMember" xlink:label="Locator_us-gaap_CashMember_1514" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_1513" xlink:to="Locator_us-gaap_CashMember_1514" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_1515" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaIncSeniorNotesMember" xlink:label="Locator_mbi_MbiaIncSeniorNotesMember_1516" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_1515" xlink:to="Locator_mbi_MbiaIncSeniorNotesMember_1516" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1505" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CommutedExposureAxis" xlink:label="Locator_mbi_CommutedExposureAxis_1506" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1505" xlink:to="Locator_mbi_CommutedExposureAxis_1506" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CommutedExposureAxis" xlink:label="Locator_mbi_CommutedExposureAxis_1541" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CommutedExposureDomain" xlink:label="Locator_mbi_CommutedExposureDomain_1542" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_CommutedExposureAxis_1541" xlink:to="Locator_mbi_CommutedExposureDomain_1542" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CommutedExposureDomain" xlink:label="Locator_mbi_CommutedExposureDomain_1543" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TotalCommutedExposureMember" xlink:label="Locator_mbi_TotalCommutedExposureMember_1544" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_CommutedExposureDomain_1543" xlink:to="Locator_mbi_TotalCommutedExposureMember_1544" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CommutedExposureDomain" xlink:label="Locator_mbi_CommutedExposureDomain_1545" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PreviouslyReportedCommutedExposureMember" xlink:label="Locator_mbi_PreviouslyReportedCommutedExposureMember_1546" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_CommutedExposureDomain_1545" xlink:to="Locator_mbi_PreviouslyReportedCommutedExposureMember_1546" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1507" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="Locator_us-gaap_SubsequentEventTypeAxis_1508" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1507" xlink:to="Locator_us-gaap_SubsequentEventTypeAxis_1508" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="Locator_us-gaap_SubsequentEventTypeAxis_1547" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="Locator_us-gaap_SubsequentEventTypeDomain_1548" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SubsequentEventTypeAxis_1547" xlink:to="Locator_us-gaap_SubsequentEventTypeDomain_1548" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="Locator_us-gaap_SubsequentEventTypeDomain_1549" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="Locator_us-gaap_SubsequentEventMember_1550" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SubsequentEventTypeDomain_1549" xlink:to="Locator_us-gaap_SubsequentEventMember_1550" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1509" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorCustomersAxis" xlink:label="Locator_us-gaap_MajorCustomersAxis_1510" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1509" xlink:to="Locator_us-gaap_MajorCustomersAxis_1510" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorCustomersAxis" xlink:label="Locator_us-gaap_MajorCustomersAxis_1551" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NameOfMajorCustomerDomain" xlink:label="Locator_us-gaap_NameOfMajorCustomerDomain_1552" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorCustomersAxis_1551" xlink:to="Locator_us-gaap_NameOfMajorCustomerDomain_1552" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NameOfMajorCustomerDomain" xlink:label="Locator_us-gaap_NameOfMajorCustomerDomain_1553" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ZoharMember" xlink:label="Locator_mbi_ZoharMember_1554" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NameOfMajorCustomerDomain_1553" xlink:to="Locator_mbi_ZoharMember_1554" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NameOfMajorCustomerDomain" xlink:label="Locator_us-gaap_NameOfMajorCustomerDomain_1555" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PrepaMember" xlink:label="Locator_mbi_PrepaMember_1556" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NameOfMajorCustomerDomain_1555" xlink:to="Locator_mbi_PrepaMember_1556" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1503" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_1504" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1503" xlink:to="Locator_dei_LegalEntityAxis_1504" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureBusinessDevelopmentsRisksAndUncertaintiesAndLiquidityNarrativeAbstract" xlink:label="Locator_mbi_DisclosureBusinessDevelopmentsRisksAndUncertaintiesAndLiquidityNarrativeAbstract_1375" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1376" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureBusinessDevelopmentsRisksAndUncertaintiesAndLiquidityNarrativeAbstract_1375" xlink:to="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_1376" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureVariableInterestEntitiesSummaryOfNonconsolidatedVIEsAssetsAndLiabilitiesDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_1621" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1622" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_1621" xlink:to="Locator_us-gaap_VariableInterestEntityLineItems_1622" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1559" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:label="Locator_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_1560" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntityLineItems_1559" xlink:to="Locator_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_1560" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1561" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Investments" xlink:label="Locator_us-gaap_Investments_1562" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntityLineItems_1561" xlink:to="Locator_us-gaap_Investments_1562" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1563" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsReceivableAtCarryingValue" xlink:label="Locator_us-gaap_PremiumsReceivableAtCarryingValue_1564" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntityLineItems_1563" xlink:to="Locator_us-gaap_PremiumsReceivableAtCarryingValue_1564" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1565" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceLossRecoverable" xlink:label="Locator_mbi_InsuranceLossRecoverable_1566" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntityLineItems_1565" xlink:to="Locator_mbi_InsuranceLossRecoverable_1566" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1567" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnearnedPremiums" xlink:label="Locator_us-gaap_UnearnedPremiums_1568" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntityLineItems_1567" xlink:to="Locator_us-gaap_UnearnedPremiums_1568" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1569" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xlink:label="Locator_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_1570" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntityLineItems_1569" xlink:to="Locator_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_1570" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1571" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="Locator_us-gaap_DerivativeLiabilities_1572" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntityLineItems_1571" xlink:to="Locator_us-gaap_DerivativeLiabilities_1572" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1557" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets" xlink:label="Locator_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_1558" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntityLineItems_1557" xlink:to="Locator_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_1558" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1573" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TradingSecurities" xlink:label="Locator_us-gaap_TradingSecurities_1574" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntityLineItems_1573" xlink:to="Locator_us-gaap_TradingSecurities_1574" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_1625" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassAxis" xlink:label="Locator_us-gaap_UnderlyingAssetClassAxis_1626" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_1625" xlink:to="Locator_us-gaap_UnderlyingAssetClassAxis_1626" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassAxis" xlink:label="Locator_us-gaap_UnderlyingAssetClassAxis_1635" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_1636" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassAxis_1635" xlink:to="Locator_us-gaap_UnderlyingAssetClassDomain_1636" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_1637" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CollateralizedDebtObligationsMember" xlink:label="Locator_us-gaap_CollateralizedDebtObligationsMember_1638" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_1637" xlink:to="Locator_us-gaap_CollateralizedDebtObligationsMember_1638" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_1639" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ResidentialMortgageBackedSecuritiesMember" xlink:label="Locator_us-gaap_ResidentialMortgageBackedSecuritiesMember_1640" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_1639" xlink:to="Locator_us-gaap_ResidentialMortgageBackedSecuritiesMember_1640" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_1641" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:label="Locator_us-gaap_CommercialMortgageBackedSecuritiesMember_1642" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_1641" xlink:to="Locator_us-gaap_CommercialMortgageBackedSecuritiesMember_1642" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_1643" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ConsumerAssetBackedMember" xlink:label="Locator_mbi_ConsumerAssetBackedMember_1644" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_1643" xlink:to="Locator_mbi_ConsumerAssetBackedMember_1644" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_1645" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CorporateAssetBackedMember" xlink:label="Locator_mbi_CorporateAssetBackedMember_1646" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_1645" xlink:to="Locator_mbi_CorporateAssetBackedMember_1646" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_1623" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsByNatureAxis" xlink:label="Locator_us-gaap_GuaranteeObligationsByNatureAxis_1624" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_1623" xlink:to="Locator_us-gaap_GuaranteeObligationsByNatureAxis_1624" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsByNatureAxis" xlink:label="Locator_us-gaap_GuaranteeObligationsByNatureAxis_1627" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsNatureDomain" xlink:label="Locator_us-gaap_GuaranteeObligationsNatureDomain_1628" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsByNatureAxis_1627" xlink:to="Locator_us-gaap_GuaranteeObligationsNatureDomain_1628" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsNatureDomain" xlink:label="Locator_us-gaap_GuaranteeObligationsNatureDomain_1633" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TotalInsuranceMember" xlink:label="Locator_mbi_TotalInsuranceMember_1634" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsNatureDomain_1633" xlink:to="Locator_mbi_TotalInsuranceMember_1634" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsNatureDomain" xlink:label="Locator_us-gaap_GuaranteeObligationsNatureDomain_1631" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GlobalPublicFinanceMember" xlink:label="Locator_mbi_GlobalPublicFinanceMember_1632" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsNatureDomain_1631" xlink:to="Locator_mbi_GlobalPublicFinanceMember_1632" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsNatureDomain" xlink:label="Locator_us-gaap_GuaranteeObligationsNatureDomain_1629" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GlobalStructuredFinanceMember" xlink:label="Locator_mbi_GlobalStructuredFinanceMember_1630" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsNatureDomain_1629" xlink:to="Locator_mbi_GlobalStructuredFinanceMember_1630" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureVariableInterestEntitiesSummaryOfNonconsolidatedVIEsAssetsAndLiabilitiesAbstract" xlink:label="Locator_mbi_DisclosureVariableInterestEntitiesSummaryOfNonconsolidatedVIEsAssetsAndLiabilitiesAbstract_1577" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_1578" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureVariableInterestEntitiesSummaryOfNonconsolidatedVIEsAssetsAndLiabilitiesAbstract_1577" xlink:to="Locator_us-gaap_StatementTable_1578" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureVariableInterestEntitiesNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1647" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets" xlink:label="Locator_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_1648" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntityLineItems_1647" xlink:to="Locator_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_1648" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1649" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" xlink:label="Locator_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_1650" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntityLineItems_1649" xlink:to="Locator_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_1650" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1651" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities" xlink:label="Locator_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_1652" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntityLineItems_1651" xlink:to="Locator_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_1652" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1653" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TradingSecurities" xlink:label="Locator_us-gaap_TradingSecurities_1654" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntityLineItems_1653" xlink:to="Locator_us-gaap_TradingSecurities_1654" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1655" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NumberOfVariableInterestEntitiesConsolidated" xlink:label="Locator_mbi_NumberOfVariableInterestEntitiesConsolidated_1656" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntityLineItems_1655" xlink:to="Locator_mbi_NumberOfVariableInterestEntitiesConsolidated_1656" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1657" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeconsolidationGainOrLossAmount" xlink:label="Locator_us-gaap_DeconsolidationGainOrLossAmount_1658" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntityLineItems_1657" xlink:to="Locator_us-gaap_DeconsolidationGainOrLossAmount_1658" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1659" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss" xlink:label="Locator_us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss_1660" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntityLineItems_1659" xlink:to="Locator_us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss_1660" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1661" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NumberOfVariableInterestEntitiesDeconsolidated" xlink:label="Locator_mbi_NumberOfVariableInterestEntitiesDeconsolidated_1662" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntityLineItems_1661" xlink:to="Locator_mbi_NumberOfVariableInterestEntitiesDeconsolidated_1662" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_1723" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_1724" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_1723" xlink:to="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_1724" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_1727" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_VariableInterestEntityNonPrimaryBeneficiaryMember" xlink:label="Locator_mbi_VariableInterestEntityNonPrimaryBeneficiaryMember_1728" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_1727" xlink:to="Locator_mbi_VariableInterestEntityNonPrimaryBeneficiaryMember_1728" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_1725" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_1726" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_1725" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_1726" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="Locator_us-gaap_StatementBusinessSegmentsAxis_1729" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_1730" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementBusinessSegmentsAxis_1729" xlink:to="Locator_us-gaap_SegmentDomain_1730" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_1733" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_StructuredFinanceAndInternationalInsuranceMember" xlink:label="Locator_mbi_StructuredFinanceAndInternationalInsuranceMember_1734" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_1733" xlink:to="Locator_mbi_StructuredFinanceAndInternationalInsuranceMember_1734" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_1731" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AdvisoryServicesMember" xlink:label="Locator_mbi_AdvisoryServicesMember_1732" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_1731" xlink:to="Locator_mbi_AdvisoryServicesMember_1732" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="Locator_invest_InvestmentAxis_1717" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_1718" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentAxis_1717" xlink:to="Locator_invest_InvestmentDomain_1718" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_1719" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FinancialIntermediaryMember" xlink:label="Locator_mbi_FinancialIntermediaryMember_1720" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_1719" xlink:to="Locator_mbi_FinancialIntermediaryMember_1720" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_1721" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CollateralizedLoanObligationsMember" xlink:label="Locator_us-gaap_CollateralizedLoanObligationsMember_1722" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_1721" xlink:to="Locator_us-gaap_CollateralizedLoanObligationsMember_1722" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="Locator_us-gaap_ScheduleOfVariableInterestEntitiesTable_1709" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="Locator_us-gaap_VariableInterestEntityLineItems_1710" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfVariableInterestEntitiesTable_1709" xlink:to="Locator_us-gaap_VariableInterestEntityLineItems_1710" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="Locator_us-gaap_ScheduleOfVariableInterestEntitiesTable_1713" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="Locator_invest_InvestmentAxis_1714" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfVariableInterestEntitiesTable_1713" xlink:to="Locator_invest_InvestmentAxis_1714" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="Locator_us-gaap_ScheduleOfVariableInterestEntitiesTable_1715" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="Locator_us-gaap_StatementBusinessSegmentsAxis_1716" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfVariableInterestEntitiesTable_1715" xlink:to="Locator_us-gaap_StatementBusinessSegmentsAxis_1716" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="Locator_us-gaap_ScheduleOfVariableInterestEntitiesTable_1711" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_1712" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfVariableInterestEntitiesTable_1711" xlink:to="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_1712" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureVariableInterestEntitiesNarrativeAbstract" xlink:label="Locator_mbi_DisclosureVariableInterestEntitiesNarrativeAbstract_1665" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="Locator_us-gaap_ScheduleOfVariableInterestEntitiesTable_1666" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureVariableInterestEntitiesNarrativeAbstract_1665" xlink:to="Locator_us-gaap_ScheduleOfVariableInterestEntitiesTable_1666" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureLossAndLossAdjustmentExpenseReservesSummaryOfCreditImpairmentsRelatedToDerivativesNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_1825" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_1826" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RangeAxis_1825" xlink:to="Locator_mbi_RangeDomain_1826" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_1827" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinimumMember" xlink:label="Locator_us-gaap_MinimumMember_1828" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_1827" xlink:to="Locator_us-gaap_MinimumMember_1828" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_1829" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MaximumMember" xlink:label="Locator_us-gaap_MaximumMember_1830" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_1829" xlink:to="Locator_us-gaap_MaximumMember_1830" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_1819" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_1820" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_1819" xlink:to="Locator_dei_EntityDomain_1820" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_1823" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaUkMember" xlink:label="Locator_mbi_MbiaUkMember_1824" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_1823" xlink:to="Locator_mbi_MbiaUkMember_1824" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_1821" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaCorpMember" xlink:label="Locator_mbi_MbiaCorpMember_1822" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_1821" xlink:to="Locator_mbi_MbiaCorpMember_1822" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_1815" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_1816" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_1815" xlink:to="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_1816" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_1817" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CommercialRealEstateCollateralizedDebtObligationsMember" xlink:label="Locator_mbi_CommercialRealEstateCollateralizedDebtObligationsMember_1818" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_1817" xlink:to="Locator_mbi_CommercialRealEstateCollateralizedDebtObligationsMember_1818" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_1811" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_1812" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_1811" xlink:to="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_1812" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_1813" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_1814" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_1813" xlink:to="Locator_dei_LegalEntityAxis_1814" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_1809" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_1810" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_1809" xlink:to="Locator_us-gaap_RangeAxis_1810" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_1807" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1808" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_1807" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1808" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1735" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DiscountRateOfCreditImpairments" xlink:label="Locator_mbi_DiscountRateOfCreditImpairments_1736" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1735" xlink:to="Locator_mbi_DiscountRateOfCreditImpairments_1736" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1737" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NumberOfStructuredCmbsCommutations" xlink:label="Locator_mbi_NumberOfStructuredCmbsCommutations_1738" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1737" xlink:to="Locator_mbi_NumberOfStructuredCmbsCommutations_1738" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1739" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GrossExposureCommutedOnCmbsInsuredDerivatives" xlink:label="Locator_mbi_GrossExposureCommutedOnCmbsInsuredDerivatives_1740" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1739" xlink:to="Locator_mbi_GrossExposureCommutedOnCmbsInsuredDerivatives_1740" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1741" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LoanBalanceReviewThreshold" xlink:label="Locator_mbi_LoanBalanceReviewThreshold_1742" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1741" xlink:to="Locator_mbi_LoanBalanceReviewThreshold_1742" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1743" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentConvertibleConversionRatio1" xlink:label="Locator_us-gaap_DebtInstrumentConvertibleConversionRatio1_1744" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1743" xlink:to="Locator_us-gaap_DebtInstrumentConvertibleConversionRatio1_1744" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1745" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ProprietaryPerformanceDataOnCreLoansAmount" xlink:label="Locator_mbi_ProprietaryPerformanceDataOnCreLoansAmount_1746" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1745" xlink:to="Locator_mbi_ProprietaryPerformanceDataOnCreLoansAmount_1746" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1747" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NumberOfRepresentativeCohortsInCommercialRealEstateProprietaryModelBasedOnDebtServiceCoverageRatioAndPropertyType" xlink:label="Locator_mbi_NumberOfRepresentativeCohortsInCommercialRealEstateProprietaryModelBasedOnDebtServiceCoverageRatioAndPropertyType_1748" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1747" xlink:to="Locator_mbi_NumberOfRepresentativeCohortsInCommercialRealEstateProprietaryModelBasedOnDebtServiceCoverageRatioAndPropertyType_1748" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1749" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AggregateITDCreditImpairmentOnCmbsDerivatives" xlink:label="Locator_mbi_AggregateITDCreditImpairmentOnCmbsDerivatives_1750" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1749" xlink:to="Locator_mbi_AggregateITDCreditImpairmentOnCmbsDerivatives_1750" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1751" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CmbsSeveritiesExceededCompleteLossInCertainInstances" xlink:label="Locator_mbi_CmbsSeveritiesExceededCompleteLossInCertainInstances_1752" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1751" xlink:to="Locator_mbi_CmbsSeveritiesExceededCompleteLossInCertainInstances_1752" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1753" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfLossOnLiquidation" xlink:label="Locator_mbi_PercentageOfLossOnLiquidation_1754" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1753" xlink:to="Locator_mbi_PercentageOfLossOnLiquidation_1754" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1755" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MaximumLoansWithDebtServiceCoverageRatio" xlink:label="Locator_mbi_MaximumLoansWithDebtServiceCoverageRatio_1756" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1755" xlink:to="Locator_mbi_MaximumLoansWithDebtServiceCoverageRatio_1756" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesSummaryOfCreditImpairmentsRelatedToDerivativesNarrativeAbstract" xlink:label="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseReservesSummaryOfCreditImpairmentsRelatedToDerivativesNarrativeAbstract_1759" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_1760" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseReservesSummaryOfCreditImpairmentsRelatedToDerivativesNarrativeAbstract_1759" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_1760" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureLossAndLossAdjustmentExpenseReservesRMBSReservesNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_2063" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_2064" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RangeAxis_2063" xlink:to="Locator_mbi_RangeDomain_2064" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_2065" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinimumMember" xlink:label="Locator_us-gaap_MinimumMember_2066" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_2065" xlink:to="Locator_us-gaap_MinimumMember_2066" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_2067" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MaximumMember" xlink:label="Locator_us-gaap_MaximumMember_2068" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_2067" xlink:to="Locator_us-gaap_MaximumMember_2068" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_2045" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_2046" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_2045" xlink:to="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_2046" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_2047" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_2048" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_2047" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_2048" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="Locator_us-gaap_StatementScenarioAxis_2079" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_2080" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementScenarioAxis_2079" xlink:to="Locator_us-gaap_ScenarioUnspecifiedDomain_2080" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_2081" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioForecastMember" xlink:label="Locator_us-gaap_ScenarioForecastMember_2082" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScenarioUnspecifiedDomain_2081" xlink:to="Locator_us-gaap_ScenarioForecastMember_2082" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="Locator_us-gaap_SubsequentEventTypeAxis_2059" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="Locator_us-gaap_SubsequentEventTypeDomain_2060" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SubsequentEventTypeAxis_2059" xlink:to="Locator_us-gaap_SubsequentEventTypeDomain_2060" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="Locator_us-gaap_SubsequentEventTypeDomain_2061" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DecemberThirtyOneTwoThousandThirteenToJuneThirtyTwoThousandFourteenMember" xlink:label="Locator_mbi_DecemberThirtyOneTwoThousandThirteenToJuneThirtyTwoThousandFourteenMember_2062" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SubsequentEventTypeDomain_2061" xlink:to="Locator_mbi_DecemberThirtyOneTwoThousandThirteenToJuneThirtyTwoThousandFourteenMember_2062" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="Locator_us-gaap_StatementBusinessSegmentsAxis_2069" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2070" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementBusinessSegmentsAxis_2069" xlink:to="Locator_us-gaap_SegmentDomain_2070" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2071" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FirstLienRMBSReservesMember" xlink:label="Locator_mbi_FirstLienRMBSReservesMember_2072" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_2071" xlink:to="Locator_mbi_FirstLienRMBSReservesMember_2072" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2077" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SecondLienRMBSSecuritizationsMember" xlink:label="Locator_mbi_SecondLienRMBSSecuritizationsMember_2078" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_2077" xlink:to="Locator_mbi_SecondLienRMBSSecuritizationsMember_2078" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2073" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SecondLienRmbsAndHelocAndCesMember" xlink:label="Locator_mbi_SecondLienRmbsAndHelocAndCesMember_2074" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_2073" xlink:to="Locator_mbi_SecondLienRmbsAndHelocAndCesMember_2074" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2075" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_USPublicFinanceInsuranceMember" xlink:label="Locator_mbi_USPublicFinanceInsuranceMember_2076" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_2075" xlink:to="Locator_mbi_USPublicFinanceInsuranceMember_2076" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_2043" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MunicipalBondsMember" xlink:label="Locator_us-gaap_MunicipalBondsMember_2044" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_2043" xlink:to="Locator_us-gaap_MunicipalBondsMember_2044" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2023" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LoanStatusAxis" xlink:label="Locator_mbi_LoanStatusAxis_2024" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2023" xlink:to="Locator_mbi_LoanStatusAxis_2024" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LoanStatusAxis" xlink:label="Locator_mbi_LoanStatusAxis_2049" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LoanStatusDomain" xlink:label="Locator_mbi_LoanStatusDomain_2050" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LoanStatusAxis_2049" xlink:to="Locator_mbi_LoanStatusDomain_2050" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LoanStatusDomain" xlink:label="Locator_mbi_LoanStatusDomain_2051" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ForeclosureMember" xlink:label="Locator_mbi_ForeclosureMember_2052" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LoanStatusDomain_2051" xlink:to="Locator_mbi_ForeclosureMember_2052" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LoanStatusDomain" xlink:label="Locator_mbi_LoanStatusDomain_2053" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RealEstateOwnedMember" xlink:label="Locator_mbi_RealEstateOwnedMember_2054" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LoanStatusDomain_2053" xlink:to="Locator_mbi_RealEstateOwnedMember_2054" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LoanStatusDomain" xlink:label="Locator_mbi_LoanStatusDomain_2055" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_BankruptcyMember" xlink:label="Locator_mbi_BankruptcyMember_2056" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LoanStatusDomain_2055" xlink:to="Locator_mbi_BankruptcyMember_2056" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LoanStatusDomain" xlink:label="Locator_mbi_LoanStatusDomain_2057" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ExcessSpreadMember" xlink:label="Locator_mbi_ExcessSpreadMember_2058" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LoanStatusDomain_2057" xlink:to="Locator_mbi_ExcessSpreadMember_2058" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2025" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DelinquencyPeriodAxis" xlink:label="Locator_mbi_DelinquencyPeriodAxis_2026" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2025" xlink:to="Locator_mbi_DelinquencyPeriodAxis_2026" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DelinquencyPeriodAxis" xlink:label="Locator_mbi_DelinquencyPeriodAxis_2083" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DelinquencyBucketsDomain" xlink:label="Locator_mbi_DelinquencyBucketsDomain_2084" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DelinquencyPeriodAxis_2083" xlink:to="Locator_mbi_DelinquencyBucketsDomain_2084" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DelinquencyBucketsDomain" xlink:label="Locator_mbi_DelinquencyBucketsDomain_2085" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AltMember" xlink:label="Locator_mbi_AltMember_2086" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DelinquencyBucketsDomain_2085" xlink:to="Locator_mbi_AltMember_2086" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2027" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="Locator_us-gaap_SubsequentEventTypeAxis_2028" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2027" xlink:to="Locator_us-gaap_SubsequentEventTypeAxis_2028" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2029" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="Locator_us-gaap_StatementScenarioAxis_2030" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2029" xlink:to="Locator_us-gaap_StatementScenarioAxis_2030" order="5.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2031" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesTypeAxis" xlink:label="Locator_us-gaap_ValuationAllowancesAndReservesTypeAxis_2032" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2031" xlink:to="Locator_us-gaap_ValuationAllowancesAndReservesTypeAxis_2032" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesTypeAxis" xlink:label="Locator_us-gaap_ValuationAllowancesAndReservesTypeAxis_2087" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesDomain" xlink:label="Locator_us-gaap_ValuationAllowancesAndReservesDomain_2088" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ValuationAllowancesAndReservesTypeAxis_2087" xlink:to="Locator_us-gaap_ValuationAllowancesAndReservesDomain_2088" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesDomain" xlink:label="Locator_us-gaap_ValuationAllowancesAndReservesDomain_2089" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RateReductionMember" xlink:label="Locator_mbi_RateReductionMember_2090" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ValuationAllowancesAndReservesDomain_2089" xlink:to="Locator_mbi_RateReductionMember_2090" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2035" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentTypeAxis" xlink:label="Locator_us-gaap_InvestmentTypeAxis_2036" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2035" xlink:to="Locator_us-gaap_InvestmentTypeAxis_2036" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentTypeAxis" xlink:label="Locator_us-gaap_InvestmentTypeAxis_2091" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_2092" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InvestmentTypeAxis_2091" xlink:to="Locator_invest_InvestmentDomain_2092" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2033" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_2034" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2033" xlink:to="Locator_us-gaap_RangeAxis_2034" order="7.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2039" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_2040" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2039" xlink:to="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_2040" order="10.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2021" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="Locator_us-gaap_StatementBusinessSegmentsAxis_2022" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2021" xlink:to="Locator_us-gaap_StatementBusinessSegmentsAxis_2022" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2037" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedStatusAxis" xlink:label="Locator_mbi_ClassifiedStatusAxis_2038" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2037" xlink:to="Locator_mbi_ClassifiedStatusAxis_2038" order="9.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedStatusAxis" xlink:label="Locator_mbi_ClassifiedStatusAxis_2093" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedStatusDomain" xlink:label="Locator_mbi_ClassifiedStatusDomain_2094" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClassifiedStatusAxis_2093" xlink:to="Locator_mbi_ClassifiedStatusDomain_2094" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedStatusDomain" xlink:label="Locator_mbi_ClassifiedStatusDomain_2095" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedMember" xlink:label="Locator_mbi_ClassifiedMember_2096" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClassifiedStatusDomain_2095" xlink:to="Locator_mbi_ClassifiedMember_2096" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2019" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2020" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2019" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2020" order="12.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1839" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ChargedOffLoanRecoveryValue" xlink:label="Locator_mbi_ChargedOffLoanRecoveryValue_1840" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1839" xlink:to="Locator_mbi_ChargedOffLoanRecoveryValue_1840" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1841" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DelinquencyPeriodChargedOffOnTransactionSpecificBasisDays" xlink:label="Locator_mbi_DelinquencyPeriodChargedOffOnTransactionSpecificBasisDays_1842" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1841" xlink:to="Locator_mbi_DelinquencyPeriodChargedOffOnTransactionSpecificBasisDays_1842" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1847" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AssumedRollRateForLoans" xlink:label="Locator_mbi_AssumedRollRateForLoans_1848" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1847" xlink:to="Locator_mbi_AssumedRollRateForLoans_1848" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1849" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfRollRateToLossSet" xlink:label="Locator_mbi_PercentageOfRollRateToLossSet_1850" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1849" xlink:to="Locator_mbi_PercentageOfRollRateToLossSet_1850" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1851" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfLossAfterDecliningOverTwentyFourMonthPeriod" xlink:label="Locator_mbi_PercentageOfLossAfterDecliningOverTwentyFourMonthPeriod_1852" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1851" xlink:to="Locator_mbi_PercentageOfLossAfterDecliningOverTwentyFourMonthPeriod_1852" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1853" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AssumedRollRateForNinetyPlusDayDelinquentLoansExcludingForeclosureAndRealEstateOwned" xlink:label="Locator_mbi_AssumedRollRateForNinetyPlusDayDelinquentLoansExcludingForeclosureAndRealEstateOwned_1854" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1853" xlink:to="Locator_mbi_AssumedRollRateForNinetyPlusDayDelinquentLoansExcludingForeclosureAndRealEstateOwned_1854" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1855" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PeriodOfElevatedDelinquencyAndLossForBaseCaseBeginningMonths" xlink:label="Locator_mbi_PeriodOfElevatedDelinquencyAndLossForBaseCaseBeginningMonths_1856" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1855" xlink:to="Locator_mbi_PeriodOfElevatedDelinquencyAndLossForBaseCaseBeginningMonths_1856" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1857" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfLoansInThirtyToFiftyNineDayDelinquentBucket" xlink:label="Locator_mbi_PercentageOfLoansInThirtyToFiftyNineDayDelinquentBucket_1858" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1857" xlink:to="Locator_mbi_PercentageOfLoansInThirtyToFiftyNineDayDelinquentBucket_1858" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1859" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfLoansChargedOff" xlink:label="Locator_mbi_PercentageOfLoansChargedOff_1860" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1859" xlink:to="Locator_mbi_PercentageOfLoansChargedOff_1860" order="15.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1861" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfCurrentRollToLossForTransaction" xlink:label="Locator_mbi_PercentageOfCurrentRollToLossForTransaction_1862" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1861" xlink:to="Locator_mbi_PercentageOfCurrentRollToLossForTransaction_1862" order="16.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1863" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DecreaseInPercentageOfCurrentRollToLossForTransaction" xlink:label="Locator_mbi_DecreaseInPercentageOfCurrentRollToLossForTransaction_1864" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1863" xlink:to="Locator_mbi_DecreaseInPercentageOfCurrentRollToLossForTransaction_1864" order="17.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1865" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfFurtherReductionOfCurrentRollToLossForTransaction" xlink:label="Locator_mbi_PercentageOfFurtherReductionOfCurrentRollToLossForTransaction_1866" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1865" xlink:to="Locator_mbi_PercentageOfFurtherReductionOfCurrentRollToLossForTransaction_1866" order="18.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1867" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PeriodOfElevatedDelinquencyAndLossForStressCaseAdditionalMonths" xlink:label="Locator_mbi_PeriodOfElevatedDelinquencyAndLossForStressCaseAdditionalMonths_1868" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1867" xlink:to="Locator_mbi_PeriodOfElevatedDelinquencyAndLossForStressCaseAdditionalMonths_1868" order="19.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1869" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IncreaseDecreaseToCaseBasisReserves" xlink:label="Locator_mbi_IncreaseDecreaseToCaseBasisReserves_1870" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1869" xlink:to="Locator_mbi_IncreaseDecreaseToCaseBasisReserves_1870" order="20.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1873" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_Periodofcurrentrolltolossforstresscaseadditionalmonths" xlink:label="Locator_mbi_Periodofcurrentrolltolossforstresscaseadditionalmonths_1874" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1873" xlink:to="Locator_mbi_Periodofcurrentrolltolossforstresscaseadditionalmonths_1874" order="22.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1875" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ContractClaimsOnIneligibleMortgageLoansInceptionToDateIncurredLossOnTransactions" xlink:label="Locator_mbi_ContractClaimsOnIneligibleMortgageLoansInceptionToDateIncurredLossOnTransactions_1876" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1875" xlink:to="Locator_mbi_ContractClaimsOnIneligibleMortgageLoansInceptionToDateIncurredLossOnTransactions_1876" order="23.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1845" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GrossReserveRecoveriesOnUnpaidLosses" xlink:label="Locator_mbi_GrossReserveRecoveriesOnUnpaidLosses_1846" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1845" xlink:to="Locator_mbi_GrossReserveRecoveriesOnUnpaidLosses_1846" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1871" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ChangeInRecoveriesOfActualAndExpectedPaymentsRelatedToIneligibleMortgages" xlink:label="Locator_mbi_ChangeInRecoveriesOfActualAndExpectedPaymentsRelatedToIneligibleMortgages_1872" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1871" xlink:to="Locator_mbi_ChangeInRecoveriesOfActualAndExpectedPaymentsRelatedToIneligibleMortgages_1872" order="21.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1837" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" xlink:label="Locator_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_1838" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1837" xlink:to="Locator_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_1838" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1835" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" xlink:label="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal_1836" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1835" xlink:to="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal_1836" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1843" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EstimatedInsuranceRecoveries" xlink:label="Locator_us-gaap_EstimatedInsuranceRecoveries_1844" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1843" xlink:to="Locator_us-gaap_EstimatedInsuranceRecoveries_1844" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1833" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceLossRecoverable" xlink:label="Locator_mbi_InsuranceLossRecoverable_1834" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1833" xlink:to="Locator_mbi_InsuranceLossRecoverable_1834" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1831" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xlink:label="Locator_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_1832" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_1831" xlink:to="Locator_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_1832" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2041" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityAxis" xlink:label="Locator_mbi_ClaimLiabilityAxis_2042" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2041" xlink:to="Locator_mbi_ClaimLiabilityAxis_2042" order="11.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityAxis" xlink:label="Locator_mbi_ClaimLiabilityAxis_2097" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2098" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityAxis_2097" xlink:to="Locator_mbi_ClaimLiabilityDomain_2098" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2099" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLaeReservesMember" xlink:label="Locator_mbi_LossAndLaeReservesMember_2100" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityDomain_2099" xlink:to="Locator_mbi_LossAndLaeReservesMember_2100" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesRMBSReservesNarrativeAbstract" xlink:label="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseReservesRMBSReservesNarrativeAbstract_1879" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_1880" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseReservesRMBSReservesNarrativeAbstract_1879" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_1880" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureLossAndLossAdjustmentExpenseReservesRMBSRecoveriesNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_2203" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_2204" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RangeAxis_2203" xlink:to="Locator_mbi_RangeDomain_2204" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_2205" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinimumMember" xlink:label="Locator_us-gaap_MinimumMember_2206" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_2205" xlink:to="Locator_us-gaap_MinimumMember_2206" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_2207" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MaximumMember" xlink:label="Locator_us-gaap_MaximumMember_2208" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_2207" xlink:to="Locator_us-gaap_MaximumMember_2208" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_2197" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_2198" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_2197" xlink:to="Locator_dei_EntityDomain_2198" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_2199" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_BankOfAmericaSettlementWithFannieMaeMember" xlink:label="Locator_mbi_BankOfAmericaSettlementWithFannieMaeMember_2200" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_2199" xlink:to="Locator_mbi_BankOfAmericaSettlementWithFannieMaeMember_2200" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_2201" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ExcludingBankOfAmericaAndFlagstarMember" xlink:label="Locator_mbi_ExcludingBankOfAmericaAndFlagstarMember_2202" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_2201" xlink:to="Locator_mbi_ExcludingBankOfAmericaAndFlagstarMember_2202" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="Locator_us-gaap_StatementBusinessSegmentsAxis_2209" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2210" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementBusinessSegmentsAxis_2209" xlink:to="Locator_us-gaap_SegmentDomain_2210" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2213" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FirstAndSecondLienRmbsMember" xlink:label="Locator_mbi_FirstAndSecondLienRmbsMember_2214" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_2213" xlink:to="Locator_mbi_FirstAndSecondLienRmbsMember_2214" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2217" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SecondLienRmbsIneligibleMortgageLoansMember" xlink:label="Locator_mbi_SecondLienRmbsIneligibleMortgageLoansMember_2218" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_2217" xlink:to="Locator_mbi_SecondLienRmbsIneligibleMortgageLoansMember_2218" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2215" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SecondLienRmbsAndHelocAndCesMember" xlink:label="Locator_mbi_SecondLienRmbsAndHelocAndCesMember_2216" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_2215" xlink:to="Locator_mbi_SecondLienRmbsAndHelocAndCesMember_2216" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2211" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember" xlink:label="Locator_mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember_2212" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_2211" xlink:to="Locator_mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember_2212" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2191" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_2192" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2191" xlink:to="Locator_dei_LegalEntityAxis_2192" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2195" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_2196" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2195" xlink:to="Locator_us-gaap_RangeAxis_2196" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2193" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="Locator_us-gaap_StatementBusinessSegmentsAxis_2194" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2193" xlink:to="Locator_us-gaap_StatementBusinessSegmentsAxis_2194" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2189" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2190" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2189" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2190" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2103" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EstimatedInsuranceRecoveriesAfterIncomeTaxes" xlink:label="Locator_mbi_EstimatedInsuranceRecoveriesAfterIncomeTaxes_2104" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2103" xlink:to="Locator_mbi_EstimatedInsuranceRecoveriesAfterIncomeTaxes_2104" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2105" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfRecognizedEstimatedRecoveriesInRelationshipToConsolidatedTotalShareholdersEquity" xlink:label="Locator_mbi_PercentageOfRecognizedEstimatedRecoveriesInRelationshipToConsolidatedTotalShareholdersEquity_2106" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2105" xlink:to="Locator_mbi_PercentageOfRecognizedEstimatedRecoveriesInRelationshipToConsolidatedTotalShareholdersEquity_2106" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2107" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfIneligibleMortgageLoans" xlink:label="Locator_mbi_PercentageOfIneligibleMortgageLoans_2108" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2107" xlink:to="Locator_mbi_PercentageOfIneligibleMortgageLoans_2108" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2109" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SumOfProbabilitiesAssignedToAllScenarios" xlink:label="Locator_mbi_SumOfProbabilitiesAssignedToAllScenarios_2110" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2109" xlink:to="Locator_mbi_SumOfProbabilitiesAssignedToAllScenarios_2110" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2111" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CurrentRiskFreeRateAssociatedWithUnderlyingTransactionRangeMinimum" xlink:label="Locator_mbi_CurrentRiskFreeRateAssociatedWithUnderlyingTransactionRangeMinimum_2112" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2111" xlink:to="Locator_mbi_CurrentRiskFreeRateAssociatedWithUnderlyingTransactionRangeMinimum_2112" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2113" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CurrentRiskFreeRateAssociatedWithUnderlyingTransactionRangeMaximum" xlink:label="Locator_mbi_CurrentRiskFreeRateAssociatedWithUnderlyingTransactionRangeMaximum_2114" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2113" xlink:to="Locator_mbi_CurrentRiskFreeRateAssociatedWithUnderlyingTransactionRangeMaximum_2114" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2115" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AggregateOfEstimatedPotentialRecoveries" xlink:label="Locator_mbi_AggregateOfEstimatedPotentialRecoveries_2116" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2115" xlink:to="Locator_mbi_AggregateOfEstimatedPotentialRecoveries_2116" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2117" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SettlementReceivedForAssuredGuarantyPutBackClaims" xlink:label="Locator_mbi_SettlementReceivedForAssuredGuarantyPutBackClaims_2118" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2117" xlink:to="Locator_mbi_SettlementReceivedForAssuredGuarantyPutBackClaims_2118" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2119" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SettlementReceivedByAssuredGuarantyFromBankOfAmericaForPutBackClaims" xlink:label="Locator_mbi_SettlementReceivedByAssuredGuarantyFromBankOfAmericaForPutBackClaims_2120" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2119" xlink:to="Locator_mbi_SettlementReceivedByAssuredGuarantyFromBankOfAmericaForPutBackClaims_2120" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2121" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AmountOfRepurchaseRequestResolvedRelatedToIneligibleLoans" xlink:label="Locator_mbi_AmountOfRepurchaseRequestResolvedRelatedToIneligibleLoans_2122" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2121" xlink:to="Locator_mbi_AmountOfRepurchaseRequestResolvedRelatedToIneligibleLoans_2122" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2123" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AssuredGuarantyFavorableRulingOnBreachOfMortgageRepresentations" xlink:label="Locator_mbi_AssuredGuarantyFavorableRulingOnBreachOfMortgageRepresentations_2124" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2123" xlink:to="Locator_mbi_AssuredGuarantyFavorableRulingOnBreachOfMortgageRepresentations_2124" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2125" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RescapSettlementAmountPerTermSheet" xlink:label="Locator_mbi_RescapSettlementAmountPerTermSheet_2126" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2125" xlink:to="Locator_mbi_RescapSettlementAmountPerTermSheet_2126" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2127" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RescapRecoveryPerDisclosureStatement" xlink:label="Locator_mbi_RescapRecoveryPerDisclosureStatement_2128" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2127" xlink:to="Locator_mbi_RescapRecoveryPerDisclosureStatement_2128" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2101" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LoanRepurchaseCommitments" xlink:label="Locator_mbi_LoanRepurchaseCommitments_2102" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2101" xlink:to="Locator_mbi_LoanRepurchaseCommitments_2102" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesRMBSRecoveriesNarrativeAbstract" xlink:label="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseReservesRMBSRecoveriesNarrativeAbstract_2131" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2132" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseReservesRMBSRecoveriesNarrativeAbstract_2131" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2132" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureLossAndLossAdjustmentExpenseReservesLossAndLAEActivityNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_2377" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_2378" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_2377" xlink:to="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_2378" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_2379" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_2380" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_2379" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_2380" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="Locator_us-gaap_StatementBusinessSegmentsAxis_2381" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2382" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementBusinessSegmentsAxis_2381" xlink:to="Locator_us-gaap_SegmentDomain_2382" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2383" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SecondLienRmbsAndHelocAndCesMember" xlink:label="Locator_mbi_SecondLienRmbsAndHelocAndCesMember_2384" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_2383" xlink:to="Locator_mbi_SecondLienRmbsAndHelocAndCesMember_2384" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2387" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IneligibleMortgageLoansMember" xlink:label="Locator_mbi_IneligibleMortgageLoansMember_2388" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_2387" xlink:to="Locator_mbi_IneligibleMortgageLoansMember_2388" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2385" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember" xlink:label="Locator_mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember_2386" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_2385" xlink:to="Locator_mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember_2386" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2389" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FirstLienResidentialMortgageBackedSecuritiesMember" xlink:label="Locator_mbi_FirstLienResidentialMortgageBackedSecuritiesMember_2390" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_2389" xlink:to="Locator_mbi_FirstLienResidentialMortgageBackedSecuritiesMember_2390" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOperatingActivitiesSegmentAxis" xlink:label="Locator_us-gaap_StatementOperatingActivitiesSegmentAxis_2391" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentOperatingActivitiesDomain" xlink:label="Locator_us-gaap_SegmentOperatingActivitiesDomain_2392" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOperatingActivitiesSegmentAxis_2391" xlink:to="Locator_us-gaap_SegmentOperatingActivitiesDomain_2392" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentOperatingActivitiesDomain" xlink:label="Locator_us-gaap_SegmentOperatingActivitiesDomain_2393" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_USPublicFinanceInsuranceMember" xlink:label="Locator_mbi_USPublicFinanceInsuranceMember_2394" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentOperatingActivitiesDomain_2393" xlink:to="Locator_mbi_USPublicFinanceInsuranceMember_2394" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesLossAndLossAdjustmentExpenseActivityNarrativeAbstract" xlink:label="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseReservesLossAndLossAdjustmentExpenseActivityNarrativeAbstract_2259" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2260" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseReservesLossAndLossAdjustmentExpenseActivityNarrativeAbstract_2259" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2260" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2371" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_2372" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2371" xlink:to="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_2372" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2373" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ReviewStatusAxis" xlink:label="Locator_mbi_ReviewStatusAxis_2374" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2373" xlink:to="Locator_mbi_ReviewStatusAxis_2374" order="5.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ReviewStatusAxis" xlink:label="Locator_mbi_ReviewStatusAxis_2395" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ReviewStatusDomain" xlink:label="Locator_mbi_ReviewStatusDomain_2396" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ReviewStatusAxis_2395" xlink:to="Locator_mbi_ReviewStatusDomain_2396" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ReviewStatusDomain" xlink:label="Locator_mbi_ReviewStatusDomain_2397" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ReviewedMember" xlink:label="Locator_mbi_ReviewedMember_2398" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ReviewStatusDomain_2397" xlink:to="Locator_mbi_ReviewedMember_2398" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2375" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOperatingActivitiesSegmentAxis" xlink:label="Locator_us-gaap_StatementOperatingActivitiesSegmentAxis_2376" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2375" xlink:to="Locator_us-gaap_StatementOperatingActivitiesSegmentAxis_2376" order="6.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2367" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="Locator_us-gaap_StatementBusinessSegmentsAxis_2368" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2367" xlink:to="Locator_us-gaap_StatementBusinessSegmentsAxis_2368" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2369" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedStatusAxis" xlink:label="Locator_mbi_ClassifiedStatusAxis_2370" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2369" xlink:to="Locator_mbi_ClassifiedStatusAxis_2370" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedStatusAxis" xlink:label="Locator_mbi_ClassifiedStatusAxis_2399" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedStatusDomain" xlink:label="Locator_mbi_ClassifiedStatusDomain_2400" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClassifiedStatusAxis_2399" xlink:to="Locator_mbi_ClassifiedStatusDomain_2400" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedStatusDomain" xlink:label="Locator_mbi_ClassifiedStatusDomain_2401" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CdoPortfolioMember" xlink:label="Locator_mbi_CdoPortfolioMember_2402" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClassifiedStatusDomain_2401" xlink:to="Locator_mbi_CdoPortfolioMember_2402" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedStatusDomain" xlink:label="Locator_mbi_ClassifiedStatusDomain_2405" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuredIssuesDesignatedAsClassifiedListMember" xlink:label="Locator_mbi_InsuredIssuesDesignatedAsClassifiedListMember_2406" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClassifiedStatusDomain_2405" xlink:to="Locator_mbi_InsuredIssuesDesignatedAsClassifiedListMember_2406" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedStatusDomain" xlink:label="Locator_mbi_ClassifiedStatusDomain_2407" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IneligibleLoanRecoveriesMember" xlink:label="Locator_mbi_IneligibleLoanRecoveriesMember_2408" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClassifiedStatusDomain_2407" xlink:to="Locator_mbi_IneligibleLoanRecoveriesMember_2408" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedStatusDomain" xlink:label="Locator_mbi_ClassifiedStatusDomain_2403" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedMember" xlink:label="Locator_mbi_ClassifiedMember_2404" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClassifiedStatusDomain_2403" xlink:to="Locator_mbi_ClassifiedMember_2404" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2363" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2364" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2363" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2364" order="7.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2219" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AggregateCdoLossAndLaeReserves" xlink:label="Locator_mbi_AggregateCdoLossAndLaeReserves_2220" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2219" xlink:to="Locator_mbi_AggregateCdoLossAndLaeReserves_2220" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2221" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_Eliminationoflossandlaereservesasresultofconsolidatingvie" xlink:label="Locator_mbi_Eliminationoflossandlaereservesasresultofconsolidatingvie_2222" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2221" xlink:to="Locator_mbi_Eliminationoflossandlaereservesasresultofconsolidatingvie_2222" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2225" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EliminationOfLossAndLaeExpenseAsResultOfConsolidatingVie" xlink:label="Locator_mbi_EliminationOfLossAndLaeExpenseAsResultOfConsolidatingVie_2226" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2225" xlink:to="Locator_mbi_EliminationOfLossAndLaeExpenseAsResultOfConsolidatingVie_2226" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2227" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ExcessInterestCashFlowsFromSecuritizations" xlink:label="Locator_mbi_ExcessInterestCashFlowsFromSecuritizations_2228" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2227" xlink:to="Locator_mbi_ExcessInterestCashFlowsFromSecuritizations_2228" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2229" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossesAndLossAdjustmentExpensePaymentsNetOfReinsurance" xlink:label="Locator_mbi_LossesAndLossAdjustmentExpensePaymentsNetOfReinsurance_2230" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2229" xlink:to="Locator_mbi_LossesAndLossAdjustmentExpensePaymentsNetOfReinsurance_2230" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2231" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IncreaseDecreaseInInsuranceLossRecoverableRelatedToPaidLosses" xlink:label="Locator_mbi_IncreaseDecreaseInInsuranceLossRecoverableRelatedToPaidLosses_2232" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2231" xlink:to="Locator_mbi_IncreaseDecreaseInInsuranceLossRecoverableRelatedToPaidLosses_2232" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2233" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ReservesForExpectedFutureClaimPayments" xlink:label="Locator_mbi_ReservesForExpectedFutureClaimPayments_2234" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2233" xlink:to="Locator_mbi_ReservesForExpectedFutureClaimPayments_2234" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2235" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GrossReserveRecoveriesOnUnpaidLosses" xlink:label="Locator_mbi_GrossReserveRecoveriesOnUnpaidLosses_2236" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2235" xlink:to="Locator_mbi_GrossReserveRecoveriesOnUnpaidLosses_2236" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2237" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NumberOfInsuredIssuesReviewedWithRecordedRecoveries" xlink:label="Locator_mbi_NumberOfInsuredIssuesReviewedWithRecordedRecoveries_2238" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2237" xlink:to="Locator_mbi_NumberOfInsuredIssuesReviewedWithRecordedRecoveries_2238" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2239" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NumberOfTransactionsReceivedConsiderationAndExcludedFromLoanFilesReviewedWithPotentialRecoveriesIncludingAlta" xlink:label="Locator_mbi_NumberOfTransactionsReceivedConsiderationAndExcludedFromLoanFilesReviewedWithPotentialRecoveriesIncludingAlta_2240" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2239" xlink:to="Locator_mbi_NumberOfTransactionsReceivedConsiderationAndExcludedFromLoanFilesReviewedWithPotentialRecoveriesIncludingAlta_2240" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2241" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate_2242" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2241" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate_2242" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2243" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TotalEstimatedInsuranceRecoveries" xlink:label="Locator_mbi_TotalEstimatedInsuranceRecoveries_2244" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2243" xlink:to="Locator_mbi_TotalEstimatedInsuranceRecoveries_2244" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2249" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LoanRepurchaseCommitments" xlink:label="Locator_mbi_LoanRepurchaseCommitments_2250" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2249" xlink:to="Locator_mbi_LoanRepurchaseCommitments_2250" order="16.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2251" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseCollectionsNetOfReinsuranceAndPayments" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseCollectionsNetOfReinsuranceAndPayments_2252" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2251" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseCollectionsNetOfReinsuranceAndPayments_2252" order="17.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2253" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossesAndLossAdjustmentExpensesRelatedToActualAndExpectedPayments" xlink:label="Locator_mbi_LossesAndLossAdjustmentExpensesRelatedToActualAndExpectedPayments_2254" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2253" xlink:to="Locator_mbi_LossesAndLossAdjustmentExpensesRelatedToActualAndExpectedPayments_2254" order="18.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2255" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ChangeInRecoveriesOfActualAndExpectedPaymentsRelatedToIneligibleMortgages" xlink:label="Locator_mbi_ChangeInRecoveriesOfActualAndExpectedPaymentsRelatedToIneligibleMortgages_2256" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2255" xlink:to="Locator_mbi_ChangeInRecoveriesOfActualAndExpectedPaymentsRelatedToIneligibleMortgages_2256" order="19.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2223" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" xlink:label="Locator_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_2224" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2223" xlink:to="Locator_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_2224" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2245" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EstimatedInsuranceRecoveries" xlink:label="Locator_us-gaap_EstimatedInsuranceRecoveries_2246" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2245" xlink:to="Locator_us-gaap_EstimatedInsuranceRecoveries_2246" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2247" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceLossRecoverable" xlink:label="Locator_mbi_InsuranceLossRecoverable_2248" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2247" xlink:to="Locator_mbi_InsuranceLossRecoverable_2248" order="15.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2365" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityAxis" xlink:label="Locator_mbi_ClaimLiabilityAxis_2366" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2365" xlink:to="Locator_mbi_ClaimLiabilityAxis_2366" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityAxis" xlink:label="Locator_mbi_ClaimLiabilityAxis_2409" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2410" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityAxis_2409" xlink:to="Locator_mbi_ClaimLiabilityDomain_2410" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2411" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeMember" xlink:label="Locator_us-gaap_FinancialGuaranteeMember_2412" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityDomain_2411" xlink:to="Locator_us-gaap_FinancialGuaranteeMember_2412" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2419" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LoanRepurchaseCommitmentsMember" xlink:label="Locator_mbi_LoanRepurchaseCommitmentsMember_2420" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityDomain_2419" xlink:to="Locator_mbi_LoanRepurchaseCommitmentsMember_2420" order="5.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2421" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RemedialActionsForInsuredObligationsMember" xlink:label="Locator_mbi_RemedialActionsForInsuredObligationsMember_2422" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityDomain_2421" xlink:to="Locator_mbi_RemedialActionsForInsuredObligationsMember_2422" order="6.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2413" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLaeReservesMember" xlink:label="Locator_mbi_LossAndLaeReservesMember_2414" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityDomain_2413" xlink:to="Locator_mbi_LossAndLaeReservesMember_2414" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2417" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceLossRecoverableMember" xlink:label="Locator_mbi_InsuranceLossRecoverableMember_2418" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityDomain_2417" xlink:to="Locator_mbi_InsuranceLossRecoverableMember_2418" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2415" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RecoveriesOnUnpaidLossesMember" xlink:label="Locator_mbi_RecoveriesOnUnpaidLossesMember_2416" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityDomain_2415" xlink:to="Locator_mbi_RecoveriesOnUnpaidLossesMember_2416" order="3.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfLossesAndLossAdjustmentExpensesDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="Locator_us-gaap_StatementBusinessSegmentsAxis_2447" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2448" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementBusinessSegmentsAxis_2447" xlink:to="Locator_us-gaap_SegmentDomain_2448" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2451" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember" xlink:label="Locator_mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember_2452" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_2451" xlink:to="Locator_mbi_SecondLienResidentialMortgageBackedSecuritiesAndReservesMember_2452" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2453" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FirstLienResidentialMortgageBackedSecuritiesMember" xlink:label="Locator_mbi_FirstLienResidentialMortgageBackedSecuritiesMember_2454" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_2453" xlink:to="Locator_mbi_FirstLienResidentialMortgageBackedSecuritiesMember_2454" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2455" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherLossesAndLossAndLossAdjustmentExpenseMember" xlink:label="Locator_mbi_OtherLossesAndLossAndLossAdjustmentExpenseMember_2456" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_2455" xlink:to="Locator_mbi_OtherLossesAndLossAndLossAdjustmentExpenseMember_2456" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2449" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_USPublicFinanceInsuranceMember" xlink:label="Locator_mbi_USPublicFinanceInsuranceMember_2450" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_2449" xlink:to="Locator_mbi_USPublicFinanceInsuranceMember_2450" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2445" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="Locator_us-gaap_StatementBusinessSegmentsAxis_2446" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2445" xlink:to="Locator_us-gaap_StatementBusinessSegmentsAxis_2446" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2443" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2444" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2443" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2444" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2423" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" xlink:label="Locator_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_2424" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2423" xlink:to="Locator_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_2424" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseScheduleOfLossesAndLossAdjustmentExpensesAbstract" xlink:label="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseScheduleOfLossesAndLossAdjustmentExpensesAbstract_2427" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2428" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseScheduleOfLossesAndLossAdjustmentExpensesAbstract_2427" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2428" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfFinancialGuaranteesAndRelatedClaimLiabilityDetail">
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2531" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SurveillanceCategoriesAxis" xlink:label="Locator_mbi_SurveillanceCategoriesAxis_2532" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2531" xlink:to="Locator_mbi_SurveillanceCategoriesAxis_2532" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SurveillanceCategoriesAxis" xlink:label="Locator_mbi_SurveillanceCategoriesAxis_2533" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SurveillanceCategoriesDomain" xlink:label="Locator_mbi_SurveillanceCategoriesDomain_2534" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_SurveillanceCategoriesAxis_2533" xlink:to="Locator_mbi_SurveillanceCategoriesDomain_2534" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SurveillanceCategoriesDomain" xlink:label="Locator_mbi_SurveillanceCategoriesDomain_2535" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CautionListLowMember" xlink:label="Locator_mbi_CautionListLowMember_2536" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_SurveillanceCategoriesDomain_2535" xlink:to="Locator_mbi_CautionListLowMember_2536" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SurveillanceCategoriesDomain" xlink:label="Locator_mbi_SurveillanceCategoriesDomain_2537" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CautionListMediumMember" xlink:label="Locator_mbi_CautionListMediumMember_2538" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_SurveillanceCategoriesDomain_2537" xlink:to="Locator_mbi_CautionListMediumMember_2538" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SurveillanceCategoriesDomain" xlink:label="Locator_mbi_SurveillanceCategoriesDomain_2539" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CautionListHighMember" xlink:label="Locator_mbi_CautionListHighMember_2540" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_SurveillanceCategoriesDomain_2539" xlink:to="Locator_mbi_CautionListHighMember_2540" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SurveillanceCategoriesDomain" xlink:label="Locator_mbi_SurveillanceCategoriesDomain_2541" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedListMember" xlink:label="Locator_mbi_ClassifiedListMember_2542" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_SurveillanceCategoriesDomain_2541" xlink:to="Locator_mbi_ClassifiedListMember_2542" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2529" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2530" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2529" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2530" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2457" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NumberOfPolicies" xlink:label="Locator_mbi_NumberOfPolicies_2458" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2457" xlink:to="Locator_mbi_NumberOfPolicies_2458" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2459" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding" xlink:label="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding_2460" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2459" xlink:to="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding_2460" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2461" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod" xlink:label="Locator_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod_2462" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2461" xlink:to="Locator_us-gaap_InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod_2462" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2463" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding" xlink:label="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding_2464" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2463" xlink:to="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding_2464" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2465" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount" xlink:label="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount_2466" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2465" xlink:to="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount_2466" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2467" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability" xlink:label="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability_2468" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2467" xlink:to="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability_2468" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2469" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue" xlink:label="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue_2470" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2469" xlink:to="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue_2470" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2471" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal" xlink:label="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal_2472" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2471" xlink:to="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal_2472" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2473" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest" xlink:label="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest_2474" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2473" xlink:to="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest_2474" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2475" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability" xlink:label="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability_2476" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2475" xlink:to="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability_2476" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2477" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries" xlink:label="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries_2478" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2477" xlink:to="Locator_us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries_2478" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfFinancialGuaranteesAndRelatedClaimLiabilityAbstract" xlink:label="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfFinancialGuaranteesAndRelatedClaimLiabilityAbstract_2527" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2528" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfFinancialGuaranteesAndRelatedClaimLiabilityAbstract_2527" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2528" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfPresentValueOfTheProbabilityWeightedFutureClaimPaymentsAndRecoveriesDetail">
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2609" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedStatusAxis" xlink:label="Locator_mbi_ClassifiedStatusAxis_2610" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2609" xlink:to="Locator_mbi_ClassifiedStatusAxis_2610" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedStatusAxis" xlink:label="Locator_mbi_ClassifiedStatusAxis_2611" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedStatusDomain" xlink:label="Locator_mbi_ClassifiedStatusDomain_2612" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClassifiedStatusAxis_2611" xlink:to="Locator_mbi_ClassifiedStatusDomain_2612" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedStatusDomain" xlink:label="Locator_mbi_ClassifiedStatusDomain_2613" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassifiedMember" xlink:label="Locator_mbi_ClassifiedMember_2614" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClassifiedStatusDomain_2613" xlink:to="Locator_mbi_ClassifiedMember_2614" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2605" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2606" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2605" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2606" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2545" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EstimatedInsuranceRecoveries" xlink:label="Locator_us-gaap_EstimatedInsuranceRecoveries_2546" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2545" xlink:to="Locator_us-gaap_EstimatedInsuranceRecoveries_2546" order="2.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2547" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LaeInsuranceLossRecoverable" xlink:label="Locator_mbi_LaeInsuranceLossRecoverable_2548" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2547" xlink:to="Locator_mbi_LaeInsuranceLossRecoverable_2548" order="3.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2549" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceLossRecoverable" xlink:label="Locator_mbi_InsuranceLossRecoverable_2550" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2549" xlink:to="Locator_mbi_InsuranceLossRecoverable_2550" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2551" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReinsuranceReceivablesIncurredButNotReportedClaims" xlink:label="Locator_us-gaap_ReinsuranceReceivablesIncurredButNotReportedClaims_2552" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2551" xlink:to="Locator_us-gaap_ReinsuranceReceivablesIncurredButNotReportedClaims_2552" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2553" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ReinsuranceRecoverableOnUnpaidLossAdjustmentExpenses" xlink:label="Locator_mbi_ReinsuranceRecoverableOnUnpaidLossAdjustmentExpenses_2554" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2553" xlink:to="Locator_mbi_ReinsuranceRecoverableOnUnpaidLossAdjustmentExpenses_2554" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2555" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReinsuranceReceivablesPaidLossesRecoverable" xlink:label="Locator_us-gaap_ReinsuranceReceivablesPaidLossesRecoverable_2556" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2555" xlink:to="Locator_us-gaap_ReinsuranceReceivablesPaidLossesRecoverable_2556" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2557" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReinsuranceReceivablesCaseBasis" xlink:label="Locator_us-gaap_ReinsuranceReceivablesCaseBasis_2558" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2557" xlink:to="Locator_us-gaap_ReinsuranceReceivablesCaseBasis_2558" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2543" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xlink:label="Locator_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_2544" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2543" xlink:to="Locator_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_2544" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2607" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityAxis" xlink:label="Locator_mbi_ClaimLiabilityAxis_2608" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2607" xlink:to="Locator_mbi_ClaimLiabilityAxis_2608" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityAxis" xlink:label="Locator_mbi_ClaimLiabilityAxis_2615" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2616" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityAxis_2615" xlink:to="Locator_mbi_ClaimLiabilityDomain_2616" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2617" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossReservesClaimLiabilityMember" xlink:label="Locator_mbi_LossReservesClaimLiabilityMember_2618" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityDomain_2617" xlink:to="Locator_mbi_LossReservesClaimLiabilityMember_2618" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2619" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LaeReservesMember" xlink:label="Locator_mbi_LaeReservesMember_2620" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityDomain_2619" xlink:to="Locator_mbi_LaeReservesMember_2620" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2621" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLaeReservesMember" xlink:label="Locator_mbi_LossAndLaeReservesMember_2622" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityDomain_2621" xlink:to="Locator_mbi_LossAndLaeReservesMember_2622" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfPresentValueOfProbabilityWeightedFutureClaimPaymentsAndRecoveriesAbstract" xlink:label="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfPresentValueOfProbabilityWeightedFutureClaimPaymentsAndRecoveriesAbstract_2561" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2562" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfPresentValueOfProbabilityWeightedFutureClaimPaymentsAndRecoveriesAbstract_2561" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2562" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/LossAndLossAdjustmentExpenseReservesScheduleOfLossAndLossAdjustmentExpensesReservesDetail">
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2667" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2668" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2667" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2668" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2625" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossPaymentsForCasesWithReserves" xlink:label="Locator_mbi_LossPaymentsForCasesWithReserves_2626" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2625" xlink:to="Locator_mbi_LossPaymentsForCasesWithReserves_2626" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2627" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount_2628" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2627" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeAccretionOfDiscount_2628" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2629" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate_2630" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2629" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeEffectOfChangeInDiscountRate_2630" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2631" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions" xlink:label="Locator_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions_2632" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2631" xlink:to="Locator_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeInAssumptions_2632" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2633" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInUnearnedPremiums" xlink:label="Locator_us-gaap_IncreaseDecreaseInUnearnedPremiums_2634" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2633" xlink:to="Locator_us-gaap_IncreaseDecreaseInUnearnedPremiums_2634" order="6.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2635" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve" xlink:label="Locator_us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve_2636" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2635" xlink:to="Locator_us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve_2636" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2637" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther" xlink:label="Locator_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther_2638" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2637" xlink:to="Locator_mbi_FinancialGuaranteeInsuranceContractsClaimLiabilitySignificantComponentsOfChangeOther_2638" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2623" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xlink:label="Locator_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_2624" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2623" xlink:to="Locator_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_2624" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2639" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense" xlink:label="Locator_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_2640" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseLineItems_2639" xlink:to="Locator_us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense_2640" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2669" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityAxis" xlink:label="Locator_mbi_ClaimLiabilityAxis_2670" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2669" xlink:to="Locator_mbi_ClaimLiabilityAxis_2670" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityAxis" xlink:label="Locator_mbi_ClaimLiabilityAxis_2671" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2672" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityAxis_2671" xlink:to="Locator_mbi_ClaimLiabilityDomain_2672" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2673" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLaeReservesMember" xlink:label="Locator_mbi_LossAndLaeReservesMember_2674" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityDomain_2673" xlink:to="Locator_mbi_LossAndLaeReservesMember_2674" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfLossAndLossAdjustmentExpensesReservesAbstract" xlink:label="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfLossAndLossAdjustmentExpensesReservesAbstract_2643" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseReservesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2644" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfLossAndLossAdjustmentExpensesReservesAbstract_2643" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseReservesTable_2644" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/LossAndLossAdjustmentExpenseReservesScheduleOfInsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="Locator_us-gaap_StatementBusinessSegmentsAxis_2741" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2742" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementBusinessSegmentsAxis_2741" xlink:to="Locator_us-gaap_SegmentDomain_2742" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_2743" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesMember" xlink:label="Locator_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesMember_2744" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_2743" xlink:to="Locator_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesMember_2744" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityAxis" xlink:label="Locator_mbi_ClaimLiabilityAxis_2745" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2746" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityAxis_2745" xlink:to="Locator_mbi_ClaimLiabilityDomain_2746" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2747" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceLossRecoverableMember" xlink:label="Locator_mbi_InsuranceLossRecoverableMember_2748" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityDomain_2747" xlink:to="Locator_mbi_InsuranceLossRecoverableMember_2748" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2749" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RecoveriesOnUnpaidLossesMember" xlink:label="Locator_mbi_RecoveriesOnUnpaidLossesMember_2750" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityDomain_2749" xlink:to="Locator_mbi_RecoveriesOnUnpaidLossesMember_2750" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfInsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesAbstract" xlink:label="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfInsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesAbstract_2701" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesTable_2702" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfInsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesAbstract_2701" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesTable_2702" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesTable_2737" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="Locator_us-gaap_StatementBusinessSegmentsAxis_2738" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesTable_2737" xlink:to="Locator_us-gaap_StatementBusinessSegmentsAxis_2738" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesTable_2735" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2736" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesTable_2735" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2736" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2681" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CollectionsForCasesWithRecoveries" xlink:label="Locator_mbi_CollectionsForCasesWithRecoveries_2682" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2681" xlink:to="Locator_mbi_CollectionsForCasesWithRecoveries_2682" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2683" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries" xlink:label="Locator_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries_2684" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2683" xlink:to="Locator_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesAccretionOfRecoveries_2684" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2685" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate" xlink:label="Locator_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate_2686" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2685" xlink:to="Locator_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInDiscountRate_2686" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2687" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions" xlink:label="Locator_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions_2688" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2687" xlink:to="Locator_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions_2688" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2689" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries" xlink:label="Locator_mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries_2690" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2689" xlink:to="Locator_mbi_IncreaseDecreaseInLossAdjustmentExpenseRecoveries_2690" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2691" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther" xlink:label="Locator_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther_2692" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2691" xlink:to="Locator_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther_2692" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2675" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceLossRecoverable" xlink:label="Locator_mbi_InsuranceLossRecoverable_2676" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2675" xlink:to="Locator_mbi_InsuranceLossRecoverable_2676" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2693" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceLossRecoverable" xlink:label="Locator_mbi_InsuranceLossRecoverable_2694" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2693" xlink:to="Locator_mbi_InsuranceLossRecoverable_2694" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2677" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GrossReserveRecoveriesOnUnpaidLosses" xlink:label="Locator_mbi_GrossReserveRecoveriesOnUnpaidLosses_2678" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2677" xlink:to="Locator_mbi_GrossReserveRecoveriesOnUnpaidLosses_2678" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2695" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GrossReserveRecoveriesOnUnpaidLosses" xlink:label="Locator_mbi_GrossReserveRecoveriesOnUnpaidLosses_2696" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2695" xlink:to="Locator_mbi_GrossReserveRecoveriesOnUnpaidLosses_2696" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2679" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses" xlink:label="Locator_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses_2680" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2679" xlink:to="Locator_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses_2680" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2697" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses" xlink:label="Locator_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses_2698" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2697" xlink:to="Locator_mbi_InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses_2698" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesTable_2739" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityAxis" xlink:label="Locator_mbi_ClaimLiabilityAxis_2740" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesTable_2739" xlink:to="Locator_mbi_ClaimLiabilityAxis_2740" order="2.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/LossAndLossAdjustmentExpenseReservesScheduleOfTotalEstimatedRecoveriesFromIneligibleSecondLienMortgageLoansDetail">
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityAxis" xlink:label="Locator_mbi_ClaimLiabilityAxis_2791" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2792" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityAxis_2791" xlink:to="Locator_mbi_ClaimLiabilityDomain_2792" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityDomain" xlink:label="Locator_mbi_ClaimLiabilityDomain_2793" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IneligibleMortgageLoansMember" xlink:label="Locator_mbi_IneligibleMortgageLoansMember_2794" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ClaimLiabilityDomain_2793" xlink:to="Locator_mbi_IneligibleMortgageLoansMember_2794" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesTable_2787" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2788" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesTable_2787" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2788" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2753" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EstimatedInsuranceRecoveriesAccretionOfFutureCollections" xlink:label="Locator_mbi_EstimatedInsuranceRecoveriesAccretionOfFutureCollections_2754" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2753" xlink:to="Locator_mbi_EstimatedInsuranceRecoveriesAccretionOfFutureCollections_2754" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2755" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EstimatedInsuranceRecoveriesChangeInDiscountRate" xlink:label="Locator_mbi_EstimatedInsuranceRecoveriesChangeInDiscountRate_2756" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2755" xlink:to="Locator_mbi_EstimatedInsuranceRecoveriesChangeInDiscountRate_2756" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2757" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EstimatedInsuranceRecoveriesCollections" xlink:label="Locator_mbi_EstimatedInsuranceRecoveriesCollections_2758" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2757" xlink:to="Locator_mbi_EstimatedInsuranceRecoveriesCollections_2758" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2759" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EstimatedInsuranceRecoveriesChangeInAssumptions" xlink:label="Locator_mbi_EstimatedInsuranceRecoveriesChangeInAssumptions_2760" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2759" xlink:to="Locator_mbi_EstimatedInsuranceRecoveriesChangeInAssumptions_2760" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2761" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EstimatedInsuranceChangesOther" xlink:label="Locator_mbi_EstimatedInsuranceChangesOther_2762" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2761" xlink:to="Locator_mbi_EstimatedInsuranceChangesOther_2762" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2751" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EstimatedInsuranceRecoveries" xlink:label="Locator_us-gaap_EstimatedInsuranceRecoveries_2752" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2751" xlink:to="Locator_us-gaap_EstimatedInsuranceRecoveries_2752" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2763" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EstimatedInsuranceRecoveries" xlink:label="Locator_us-gaap_EstimatedInsuranceRecoveries_2764" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesLineItems_2763" xlink:to="Locator_us-gaap_EstimatedInsuranceRecoveries_2764" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesTable_2789" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClaimLiabilityAxis" xlink:label="Locator_mbi_ClaimLiabilityAxis_2790" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesTable_2789" xlink:to="Locator_mbi_ClaimLiabilityAxis_2790" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfTotalEstimatedRecoveriesFromIneligibleSecondLienMortgageLoansAbstract" xlink:label="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfTotalEstimatedRecoveriesFromIneligibleSecondLienMortgageLoansAbstract_2767" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossAndLossAdjustmentExpenseRecoveriesTable" xlink:label="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesTable_2768" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureLossAndLossAdjustmentExpenseReservesScheduleOfTotalEstimatedRecoveriesFromIneligibleSecondLienMortgageLoansAbstract_2767" xlink:to="Locator_mbi_LossAndLossAdjustmentExpenseRecoveriesTable_2768" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstrumentsNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_2887" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueConcentrationOfRiskDisclosureItemsAxis" xlink:label="Locator_us-gaap_FairValueConcentrationOfRiskDisclosureItemsAxis_2888" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_2887" xlink:to="Locator_us-gaap_FairValueConcentrationOfRiskDisclosureItemsAxis_2888" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueConcentrationOfRiskDisclosureItemsAxis" xlink:label="Locator_us-gaap_FairValueConcentrationOfRiskDisclosureItemsAxis_2889" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueConcentrationOfRiskDisclosureItemsDomain" xlink:label="Locator_us-gaap_FairValueConcentrationOfRiskDisclosureItemsDomain_2890" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueConcentrationOfRiskDisclosureItemsAxis_2889" xlink:to="Locator_us-gaap_FairValueConcentrationOfRiskDisclosureItemsDomain_2890" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueConcentrationOfRiskDisclosureItemsDomain" xlink:label="Locator_us-gaap_FairValueConcentrationOfRiskDisclosureItemsDomain_2891" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_BETValuationModelMember" xlink:label="Locator_mbi_BETValuationModelMember_2892" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueConcentrationOfRiskDisclosureItemsDomain_2891" xlink:to="Locator_mbi_BETValuationModelMember_2892" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueConcentrationOfRiskDisclosureItemsDomain" xlink:label="Locator_us-gaap_FairValueConcentrationOfRiskDisclosureItemsDomain_2893" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DirectPriceModelMember" xlink:label="Locator_mbi_DirectPriceModelMember_2894" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueConcentrationOfRiskDisclosureItemsDomain_2893" xlink:to="Locator_mbi_DirectPriceModelMember_2894" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_2885" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2886" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_2885" xlink:to="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2886" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2795" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfInsuredCreditDerivativesValueUnderBetModel" xlink:label="Locator_mbi_PercentageOfInsuredCreditDerivativesValueUnderBetModel_2796" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2795" xlink:to="Locator_mbi_PercentageOfInsuredCreditDerivativesValueUnderBetModel_2796" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2797" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfInsuredCreditDerivativesValueUnderDirectPriceModelAndDualDefaultModel" xlink:label="Locator_mbi_PercentageOfInsuredCreditDerivativesValueUnderDirectPriceModelAndDualDefaultModel_2798" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2797" xlink:to="Locator_mbi_PercentageOfInsuredCreditDerivativesValueUnderDirectPriceModelAndDualDefaultModel_2798" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2799" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfSectorSpecificTransactionsValuedUsingBetModel" xlink:label="Locator_mbi_PercentageOfSectorSpecificTransactionsValuedUsingBetModel_2800" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2799" xlink:to="Locator_mbi_PercentageOfSectorSpecificTransactionsValuedUsingBetModel_2800" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2801" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfTransactionsValuedUsingCorporateSpread" xlink:label="Locator_mbi_PercentageOfTransactionsValuedUsingCorporateSpread_2802" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2801" xlink:to="Locator_mbi_PercentageOfTransactionsValuedUsingCorporateSpread_2802" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2803" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfTransactionsValuedUsingSpreadBenchmarkFromMostRelevantSpreadSource" xlink:label="Locator_mbi_PercentageOfTransactionsValuedUsingSpreadBenchmarkFromMostRelevantSpreadSource_2804" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2803" xlink:to="Locator_mbi_PercentageOfTransactionsValuedUsingSpreadBenchmarkFromMostRelevantSpreadSource_2804" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2805" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfTransactionsValuedUsingWarfSourcedAndOrRatingsSourceCreditSpread" xlink:label="Locator_mbi_PercentageOfTransactionsValuedUsingWarfSourcedAndOrRatingsSourceCreditSpread_2806" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2805" xlink:to="Locator_mbi_PercentageOfTransactionsValuedUsingWarfSourcedAndOrRatingsSourceCreditSpread_2806" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2807" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:label="Locator_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_2808" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2807" xlink:to="Locator_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_2808" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2809" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ImpactOfNonPerformanceRiskOnInsuredDerivativeLiability" xlink:label="Locator_mbi_ImpactOfNonPerformanceRiskOnInsuredDerivativeLiability_2810" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2809" xlink:to="Locator_mbi_ImpactOfNonPerformanceRiskOnInsuredDerivativeLiability_2810" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2811" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue" xlink:label="Locator_mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue_2812" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2811" xlink:to="Locator_mbi_ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue_2812" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2813" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue" xlink:label="Locator_mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue_2814" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2813" xlink:to="Locator_mbi_ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue_2814" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2815" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TransfersIntoLevelThree" xlink:label="Locator_mbi_TransfersIntoLevelThree_2816" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2815" xlink:to="Locator_mbi_TransfersIntoLevelThree_2816" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2817" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TransfersOutOfLevelThree" xlink:label="Locator_mbi_TransfersOutOfLevelThree_2818" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2817" xlink:to="Locator_mbi_TransfersOutOfLevelThree_2818" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2819" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TransfersIntoLevelTwo" xlink:label="Locator_mbi_TransfersIntoLevelTwo_2820" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2819" xlink:to="Locator_mbi_TransfersIntoLevelTwo_2820" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2821" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TransfersOutOfLevelTwo" xlink:label="Locator_mbi_TransfersOutOfLevelTwo_2822" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2821" xlink:to="Locator_mbi_TransfersOutOfLevelTwo_2822" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2823" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TransfersIntoAndOutOfLevelOne" xlink:label="Locator_mbi_TransfersIntoAndOutOfLevelOne_2824" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2823" xlink:to="Locator_mbi_TransfersIntoAndOutOfLevelOne_2824" order="15.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2825" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NetUnrealizedLossRelatedToTransfersIntoLevelThree" xlink:label="Locator_mbi_NetUnrealizedLossRelatedToTransfersIntoLevelThree_2826" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2825" xlink:to="Locator_mbi_NetUnrealizedLossRelatedToTransfersIntoLevelThree_2826" order="16.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2827" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NetUnrealizedGainsRelatedToTransfersOutOfLevelThree" xlink:label="Locator_mbi_NetUnrealizedGainsRelatedToTransfersOutOfLevelThree_2828" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2827" xlink:to="Locator_mbi_NetUnrealizedGainsRelatedToTransfersOutOfLevelThree_2828" order="17.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2829" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NetUnrealizedLossRelatedToTransfersOutOfLevelThree" xlink:label="Locator_mbi_NetUnrealizedLossRelatedToTransfersOutOfLevelThree_2830" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2829" xlink:to="Locator_mbi_NetUnrealizedLossRelatedToTransfersOutOfLevelThree_2830" order="18.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2831" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InterestRateOnSurplusNotes" xlink:label="Locator_mbi_InterestRateOnSurplusNotes_2832" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_2831" xlink:to="Locator_mbi_InterestRateOnSurplusNotes_2832" order="19.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureFairValueMeasurementNarrativeAbstract" xlink:label="Locator_mbi_DisclosureFairValueMeasurementNarrativeAbstract_2883" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_2884" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureFairValueMeasurementNarrativeAbstract_2883" xlink:to="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_2884" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstrumentsQuantitativeInformationRegardingTheSignificantUnobservableInputsForCertainAssetsAndLiabilitiesMeasuredAtFairValueOnARecurringBasisDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_3019" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_3020" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RangeAxis_3019" xlink:to="Locator_mbi_RangeDomain_3020" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_3021" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageMember" xlink:label="Locator_us-gaap_WeightedAverageMember_3022" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_3021" xlink:to="Locator_us-gaap_WeightedAverageMember_3022" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_3023" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinimumMember" xlink:label="Locator_us-gaap_MinimumMember_3024" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_3023" xlink:to="Locator_us-gaap_MinimumMember_3024" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_3025" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MaximumMember" xlink:label="Locator_us-gaap_MaximumMember_3026" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_3025" xlink:to="Locator_us-gaap_MaximumMember_3026" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3005" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3006" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3005" xlink:to="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3006" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3007" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CreditDerivativesMember" xlink:label="Locator_mbi_CreditDerivativesMember_3008" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3007" xlink:to="Locator_mbi_CreditDerivativesMember_3008" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3009" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3010" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3009" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3010" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="Locator_invest_InvestmentAxis_2997" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_2998" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentAxis_2997" xlink:to="Locator_invest_InvestmentDomain_2998" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_2999" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MultiSectorCDOMember" xlink:label="Locator_mbi_MultiSectorCDOMember_3000" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_2999" xlink:to="Locator_mbi_MultiSectorCDOMember_3000" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3001" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherDerivativeLiabilitiesMember" xlink:label="Locator_mbi_OtherDerivativeLiabilitiesMember_3002" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3001" xlink:to="Locator_mbi_OtherDerivativeLiabilitiesMember_3002" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3003" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:label="Locator_us-gaap_CommercialMortgageBackedSecuritiesMember_3004" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3003" xlink:to="Locator_us-gaap_CommercialMortgageBackedSecuritiesMember_3004" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="Locator_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_3011" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="Locator_us-gaap_ReceivableTypeDomain_3012" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_3011" xlink:to="Locator_us-gaap_ReceivableTypeDomain_3012" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="Locator_us-gaap_ReceivableTypeDomain_3013" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_VariableInterestEntityNotesMember" xlink:label="Locator_mbi_VariableInterestEntityNotesMember_3014" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReceivableTypeDomain_3013" xlink:to="Locator_mbi_VariableInterestEntityNotesMember_3014" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="Locator_us-gaap_ReceivableTypeDomain_3015" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansReceivableMember" xlink:label="Locator_us-gaap_LoansReceivableMember_3016" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReceivableTypeDomain_3015" xlink:to="Locator_us-gaap_LoansReceivableMember_3016" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="Locator_us-gaap_ReceivableTypeDomain_3017" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LoanRepurchaseCommitmentsMember" xlink:label="Locator_mbi_LoanRepurchaseCommitmentsMember_3018" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReceivableTypeDomain_3017" xlink:to="Locator_mbi_LoanRepurchaseCommitmentsMember_3018" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureFairValueMeasurementQuantitativeInformationRegardingSignificantUnobservableInputsForCertainAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasisAbstract" xlink:label="Locator_mbi_DisclosureFairValueMeasurementQuantitativeInformationRegardingSignificantUnobservableInputsForCertainAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasisAbstract_2995" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_2996" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureFairValueMeasurementQuantitativeInformationRegardingSignificantUnobservableInputsForCertainAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasisAbstract_2995" xlink:to="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_2996" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_3027" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_3028" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_3027" xlink:to="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_3028" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_2895" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueMeasurementRangePercentage" xlink:label="Locator_mbi_FairValueMeasurementRangePercentage_2896" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_2895" xlink:to="Locator_mbi_FairValueMeasurementRangePercentage_2896" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_2897" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueMeasurementRangeDollars" xlink:label="Locator_mbi_FairValueMeasurementRangeDollars_2898" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_2897" xlink:to="Locator_mbi_FairValueMeasurementRangeDollars_2898" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_2899" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueDisclosureWeightedAverageInYears" xlink:label="Locator_mbi_FairValueDisclosureWeightedAverageInYears_2900" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_2899" xlink:to="Locator_mbi_FairValueDisclosureWeightedAverageInYears_2900" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_2901" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_2902" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_2901" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_2902" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_2903" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_2904" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_2903" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_2904" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_3029" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="Locator_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_3030" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_3029" xlink:to="Locator_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_3030" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_3031" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3032" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_3031" xlink:to="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3032" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_3033" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UnobservableInputAxis" xlink:label="Locator_mbi_UnobservableInputAxis_3034" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_3033" xlink:to="Locator_mbi_UnobservableInputAxis_3034" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UnobservableInputAxis" xlink:label="Locator_mbi_UnobservableInputAxis_3035" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UnobservableInputDomain" xlink:label="Locator_mbi_UnobservableInputDomain_3036" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_UnobservableInputAxis_3035" xlink:to="Locator_mbi_UnobservableInputDomain_3036" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UnobservableInputDomain" xlink:label="Locator_mbi_UnobservableInputDomain_3037" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ImpactOfFinancialGuaranteeMember" xlink:label="Locator_mbi_ImpactOfFinancialGuaranteeMember_3038" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_UnobservableInputDomain_3037" xlink:to="Locator_mbi_ImpactOfFinancialGuaranteeMember_3038" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UnobservableInputDomain" xlink:label="Locator_mbi_UnobservableInputDomain_3039" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RecoveryRatesMember" xlink:label="Locator_mbi_RecoveryRatesMember_3040" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_UnobservableInputDomain_3039" xlink:to="Locator_mbi_RecoveryRatesMember_3040" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UnobservableInputDomain" xlink:label="Locator_mbi_UnobservableInputDomain_3041" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_BreachRateMember" xlink:label="Locator_mbi_BreachRateMember_3042" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_UnobservableInputDomain_3041" xlink:to="Locator_mbi_BreachRateMember_3042" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UnobservableInputDomain" xlink:label="Locator_mbi_UnobservableInputDomain_3043" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonperformanceRiskMember" xlink:label="Locator_mbi_NonperformanceRiskMember_3044" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_UnobservableInputDomain_3043" xlink:to="Locator_mbi_NonperformanceRiskMember_3044" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UnobservableInputDomain" xlink:label="Locator_mbi_UnobservableInputDomain_3045" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_WeightedAverageLifeMember" xlink:label="Locator_mbi_WeightedAverageLifeMember_3046" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_UnobservableInputDomain_3045" xlink:to="Locator_mbi_WeightedAverageLifeMember_3046" order="5.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UnobservableInputDomain" xlink:label="Locator_mbi_UnobservableInputDomain_3047" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CommercialMortgageBackedSecuritiesSpreadsMember" xlink:label="Locator_mbi_CommercialMortgageBackedSecuritiesSpreadsMember_3048" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_UnobservableInputDomain_3047" xlink:to="Locator_mbi_CommercialMortgageBackedSecuritiesSpreadsMember_3048" order="6.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UnobservableInputDomain" xlink:label="Locator_mbi_UnobservableInputDomain_3049" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DiscountedCashFlowsMember" xlink:label="Locator_mbi_DiscountedCashFlowsMember_3050" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_UnobservableInputDomain_3049" xlink:to="Locator_mbi_DiscountedCashFlowsMember_3050" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_3051" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="Locator_invest_InvestmentAxis_3052" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_3051" xlink:to="Locator_invest_InvestmentAxis_3052" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_3053" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_3054" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_3053" xlink:to="Locator_us-gaap_RangeAxis_3054" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_3055" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationTechniqueAxis" xlink:label="Locator_us-gaap_ValuationTechniqueAxis_3056" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_3055" xlink:to="Locator_us-gaap_ValuationTechniqueAxis_3056" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationTechniqueAxis" xlink:label="Locator_us-gaap_ValuationTechniqueAxis_3057" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationTechniqueDomain" xlink:label="Locator_us-gaap_ValuationTechniqueDomain_3058" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ValuationTechniqueAxis_3057" xlink:to="Locator_us-gaap_ValuationTechniqueDomain_3058" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationTechniqueDomain" xlink:label="Locator_us-gaap_ValuationTechniqueDomain_3059" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_QuotedMarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMember" xlink:label="Locator_mbi_QuotedMarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMember_3060" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ValuationTechniqueDomain_3059" xlink:to="Locator_mbi_QuotedMarketPricesAdjustedForFinancialGuaranteesProvidedToVieObligationsMember_3060" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationTechniqueDomain" xlink:label="Locator_us-gaap_ValuationTechniqueDomain_3061" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DiscountedCashFlowMember" xlink:label="Locator_mbi_DiscountedCashFlowMember_3062" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ValuationTechniqueDomain_3061" xlink:to="Locator_mbi_DiscountedCashFlowMember_3062" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationTechniqueDomain" xlink:label="Locator_us-gaap_ValuationTechniqueDomain_3063" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_QuotedMarketPricesOfVieAssetsAdjustedForFinancialGuaranteesProvidedMember" xlink:label="Locator_mbi_QuotedMarketPricesOfVieAssetsAdjustedForFinancialGuaranteesProvidedMember_3064" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ValuationTechniqueDomain_3063" xlink:to="Locator_mbi_QuotedMarketPricesOfVieAssetsAdjustedForFinancialGuaranteesProvidedMember_3064" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationTechniqueDomain" xlink:label="Locator_us-gaap_ValuationTechniqueDomain_3065" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_QuotedmarketpricesofvieassetsadjustedforfinancialguaranteesprovidedormarketpricesofsimilarsecuritiesMember" xlink:label="Locator_mbi_QuotedmarketpricesofvieassetsadjustedforfinancialguaranteesprovidedormarketpricesofsimilarsecuritiesMember_3066" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ValuationTechniqueDomain_3065" xlink:to="Locator_mbi_QuotedmarketpricesofvieassetsadjustedforfinancialguaranteesprovidedormarketpricesofsimilarsecuritiesMember_3066" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationTechniqueDomain" xlink:label="Locator_us-gaap_ValuationTechniqueDomain_3067" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_BETValuationModelMember" xlink:label="Locator_mbi_BETValuationModelMember_3068" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ValuationTechniqueDomain_3067" xlink:to="Locator_mbi_BETValuationModelMember_3068" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationTechniqueDomain" xlink:label="Locator_us-gaap_ValuationTechniqueDomain_3069" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DirectPriceModelMember" xlink:label="Locator_mbi_DirectPriceModelMember_3070" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ValuationTechniqueDomain_3069" xlink:to="Locator_mbi_DirectPriceModelMember_3070" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationTechniqueDomain" xlink:label="Locator_us-gaap_ValuationTechniqueDomain_3071" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_BetanddualdefaultvaluationmodelsMember" xlink:label="Locator_mbi_BetanddualdefaultvaluationmodelsMember_3072" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ValuationTechniqueDomain_3071" xlink:to="Locator_mbi_BetanddualdefaultvaluationmodelsMember_3072" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstrumentsCompanysAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasisDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3309" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3310" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3309" xlink:to="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3310" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3311" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3312" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3311" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3312" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_3245" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_3246" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_3245" xlink:to="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_3246" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_3251" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherFixedMaturityInvestmentsMember" xlink:label="Locator_mbi_OtherFixedMaturityInvestmentsMember_3252" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_3251" xlink:to="Locator_mbi_OtherFixedMaturityInvestmentsMember_3252" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_3249" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetBackedSecuritiesMember" xlink:label="Locator_us-gaap_AssetBackedSecuritiesMember_3250" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_3249" xlink:to="Locator_us-gaap_AssetBackedSecuritiesMember_3250" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_3247" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MortgageBackedSecuritiesMember" xlink:label="Locator_us-gaap_MortgageBackedSecuritiesMember_3248" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_3247" xlink:to="Locator_us-gaap_MortgageBackedSecuritiesMember_3248" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_3323" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3324" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_3323" xlink:to="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3324" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3327" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLongTermInvestmentsMember" xlink:label="Locator_us-gaap_OtherLongTermInvestmentsMember_3328" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3327" xlink:to="Locator_us-gaap_OtherLongTermInvestmentsMember_3328" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3329" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DerivativeAssetsMember" xlink:label="Locator_mbi_DerivativeAssetsMember_3330" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3329" xlink:to="Locator_mbi_DerivativeAssetsMember_3330" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3331" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsHeldForSaleMember" xlink:label="Locator_us-gaap_AssetsHeldForSaleMember_3332" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3331" xlink:to="Locator_us-gaap_AssetsHeldForSaleMember_3332" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3335" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DerivativeLiabilitiesMember" xlink:label="Locator_mbi_DerivativeLiabilitiesMember_3336" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3335" xlink:to="Locator_mbi_DerivativeLiabilitiesMember_3336" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3337" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLiabilitiesMember" xlink:label="Locator_us-gaap_OtherLiabilitiesMember_3338" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3337" xlink:to="Locator_us-gaap_OtherLiabilitiesMember_3338" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3339" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LiabilitiesheldforsaleMember" xlink:label="Locator_mbi_LiabilitiesheldforsaleMember_3340" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3339" xlink:to="Locator_mbi_LiabilitiesheldforsaleMember_3340" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3325" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FixedMaturitiesMember" xlink:label="Locator_us-gaap_FixedMaturitiesMember_3326" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3325" xlink:to="Locator_us-gaap_FixedMaturitiesMember_3326" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3333" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AssetsOfConsolidatedVIEsMember" xlink:label="Locator_mbi_AssetsOfConsolidatedVIEsMember_3334" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3333" xlink:to="Locator_mbi_AssetsOfConsolidatedVIEsMember_3334" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="Locator_invest_InvestmentAxis_3259" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3260" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentAxis_3259" xlink:to="Locator_invest_InvestmentDomain_3260" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3287" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LoansreceivableatfairvalueMember" xlink:label="Locator_mbi_LoansreceivableatfairvalueMember_3288" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3287" xlink:to="Locator_mbi_LoansreceivableatfairvalueMember_3288" order="14.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3293" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WarrantMember" xlink:label="Locator_us-gaap_WarrantMember_3294" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3293" xlink:to="Locator_us-gaap_WarrantMember_3294" order="17.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3295" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SecuritiesSoldNotYetPurchasedMember" xlink:label="Locator_us-gaap_SecuritiesSoldNotYetPurchasedMember_3296" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3295" xlink:to="Locator_us-gaap_SecuritiesSoldNotYetPurchasedMember_3296" order="18.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3299" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PayableforloanspurchasedMember" xlink:label="Locator_mbi_PayableforloanspurchasedMember_3300" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3299" xlink:to="Locator_mbi_PayableforloanspurchasedMember_3300" order="20.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3301" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherDerivativesMember" xlink:label="Locator_mbi_OtherDerivativesMember_3302" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3301" xlink:to="Locator_mbi_OtherDerivativesMember_3302" order="21.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3307" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsMember" xlink:label="Locator_us-gaap_CashAndCashEquivalentsMember_3308" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3307" xlink:to="Locator_us-gaap_CashAndCashEquivalentsMember_3308" order="24.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3267" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CorporateObligationMember" xlink:label="Locator_mbi_CorporateObligationMember_3268" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3267" xlink:to="Locator_mbi_CorporateObligationMember_3268" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3281" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PerpetualPreferredSecuritiesMember" xlink:label="Locator_mbi_PerpetualPreferredSecuritiesMember_3282" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3281" xlink:to="Locator_mbi_PerpetualPreferredSecuritiesMember_3282" order="11.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3289" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MediumTermNotesMember" xlink:label="Locator_us-gaap_MediumTermNotesMember_3290" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3289" xlink:to="Locator_us-gaap_MediumTermNotesMember_3290" order="15.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3283" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CreditDerivativesMember" xlink:label="Locator_mbi_CreditDerivativesMember_3284" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3283" xlink:to="Locator_mbi_CreditDerivativesMember_3284" order="12.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3285" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InterestRateDerivativesMember" xlink:label="Locator_mbi_InterestRateDerivativesMember_3286" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3285" xlink:to="Locator_mbi_InterestRateDerivativesMember_3286" order="13.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3297" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_VariableInterestEntityNotesMember" xlink:label="Locator_mbi_VariableInterestEntityNotesMember_3298" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3297" xlink:to="Locator_mbi_VariableInterestEntityNotesMember_3298" order="19.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3291" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CurrencyDerivativesMember" xlink:label="Locator_mbi_CurrencyDerivativesMember_3292" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3291" xlink:to="Locator_mbi_CurrencyDerivativesMember_3292" order="16.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3303" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquitySecuritiesMember" xlink:label="Locator_us-gaap_EquitySecuritiesMember_3304" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3303" xlink:to="Locator_us-gaap_EquitySecuritiesMember_3304" order="22.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3261" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_USTreasuryAndGovernmentMember" xlink:label="Locator_us-gaap_USTreasuryAndGovernmentMember_3262" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3261" xlink:to="Locator_us-gaap_USTreasuryAndGovernmentMember_3262" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3263" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_USStatesAndPoliticalSubdivisionsMember" xlink:label="Locator_us-gaap_USStatesAndPoliticalSubdivisionsMember_3264" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3263" xlink:to="Locator_us-gaap_USStatesAndPoliticalSubdivisionsMember_3264" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3265" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForeignGovernmentDebtMember" xlink:label="Locator_us-gaap_ForeignGovernmentDebtMember_3266" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3265" xlink:to="Locator_us-gaap_ForeignGovernmentDebtMember_3266" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3269" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ResidentialMortgageBackedAgencyMember" xlink:label="Locator_mbi_ResidentialMortgageBackedAgencyMember_3270" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3269" xlink:to="Locator_mbi_ResidentialMortgageBackedAgencyMember_3270" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3271" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ResidentialMortgageBackedNonAgencyMember" xlink:label="Locator_mbi_ResidentialMortgageBackedNonAgencyMember_3272" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3271" xlink:to="Locator_mbi_ResidentialMortgageBackedNonAgencyMember_3272" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3273" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:label="Locator_us-gaap_CommercialMortgageBackedSecuritiesMember_3274" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3273" xlink:to="Locator_us-gaap_CommercialMortgageBackedSecuritiesMember_3274" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3275" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CollateralizedDebtObligationsMember" xlink:label="Locator_us-gaap_CollateralizedDebtObligationsMember_3276" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3275" xlink:to="Locator_us-gaap_CollateralizedDebtObligationsMember_3276" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3277" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherAssetBackedMember" xlink:label="Locator_mbi_OtherAssetBackedMember_3278" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3277" xlink:to="Locator_mbi_OtherAssetBackedMember_3278" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3279" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MoneyMarketSecuritiesMember" xlink:label="Locator_mbi_MoneyMarketSecuritiesMember_3280" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3279" xlink:to="Locator_mbi_MoneyMarketSecuritiesMember_3280" order="10.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3305" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PerpetualDebtAndEquitySecuritiesMember" xlink:label="Locator_mbi_PerpetualDebtAndEquitySecuritiesMember_3306" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3305" xlink:to="Locator_mbi_PerpetualDebtAndEquitySecuritiesMember_3306" order="23.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3225" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis" xlink:label="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis_3226" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3225" xlink:to="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis_3226" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis" xlink:label="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis_3237" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsByTypeDomain" xlink:label="Locator_us-gaap_SummaryOfInvestmentsByTypeDomain_3238" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis_3237" xlink:to="Locator_us-gaap_SummaryOfInvestmentsByTypeDomain_3238" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsByTypeDomain" xlink:label="Locator_us-gaap_SummaryOfInvestmentsByTypeDomain_3239" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TaxableBondsMember" xlink:label="Locator_mbi_TaxableBondsMember_3240" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SummaryOfInvestmentsByTypeDomain_3239" xlink:to="Locator_mbi_TaxableBondsMember_3240" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsByTypeDomain" xlink:label="Locator_us-gaap_SummaryOfInvestmentsByTypeDomain_3241" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TaxExemptBondsMember" xlink:label="Locator_mbi_TaxExemptBondsMember_3242" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SummaryOfInvestmentsByTypeDomain_3241" xlink:to="Locator_mbi_TaxExemptBondsMember_3242" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsByTypeDomain" xlink:label="Locator_us-gaap_SummaryOfInvestmentsByTypeDomain_3243" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TotalInvestmentsMember" xlink:label="Locator_mbi_TotalInvestmentsMember_3244" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SummaryOfInvestmentsByTypeDomain_3243" xlink:to="Locator_mbi_TotalInvestmentsMember_3244" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3229" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_3230" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3229" xlink:to="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_3230" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3233" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByLiabilityClassAxis" xlink:label="Locator_us-gaap_FairValueByLiabilityClassAxis_3234" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3233" xlink:to="Locator_us-gaap_FairValueByLiabilityClassAxis_3234" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByLiabilityClassAxis" xlink:label="Locator_us-gaap_FairValueByLiabilityClassAxis_3253" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:label="Locator_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_3254" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueByLiabilityClassAxis_3253" xlink:to="Locator_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_3254" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:label="Locator_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_3255" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuredDerivativesMember" xlink:label="Locator_mbi_InsuredDerivativesMember_3256" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_3255" xlink:to="Locator_mbi_InsuredDerivativesMember_3256" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:label="Locator_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_3257" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonInsuredDerivativesMember" xlink:label="Locator_mbi_NonInsuredDerivativesMember_3258" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_3257" xlink:to="Locator_mbi_NonInsuredDerivativesMember_3258" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3227" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="Locator_invest_InvestmentAxis_3228" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3227" xlink:to="Locator_invest_InvestmentAxis_3228" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3231" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3232" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3231" xlink:to="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3232" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3221" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="Locator_us-gaap_FairValueByFairValueHierarchyLevelAxis_3222" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3221" xlink:to="Locator_us-gaap_FairValueByFairValueHierarchyLevelAxis_3222" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="Locator_us-gaap_FairValueByFairValueHierarchyLevelAxis_3313" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3314" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueByFairValueHierarchyLevelAxis_3313" xlink:to="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3314" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3321" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CounterpartyandcashcollateralnettingMember" xlink:label="Locator_mbi_CounterpartyandcashcollateralnettingMember_3322" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3321" xlink:to="Locator_mbi_CounterpartyandcashcollateralnettingMember_3322" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3315" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="Locator_us-gaap_FairValueInputsLevel1Member_3316" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3315" xlink:to="Locator_us-gaap_FairValueInputsLevel1Member_3316" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3317" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="Locator_us-gaap_FairValueInputsLevel2Member_3318" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3317" xlink:to="Locator_us-gaap_FairValueInputsLevel2Member_3318" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3319" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="Locator_us-gaap_FairValueInputsLevel3Member_3320" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3319" xlink:to="Locator_us-gaap_FairValueInputsLevel3Member_3320" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3219" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3220" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3219" xlink:to="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3220" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3073" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsFairValueDisclosureRecurring" xlink:label="Locator_us-gaap_AssetsFairValueDisclosureRecurring_3074" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3073" xlink:to="Locator_us-gaap_AssetsFairValueDisclosureRecurring_3074" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3075" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosureRecurring" xlink:label="Locator_us-gaap_LiabilitiesFairValueDisclosureRecurring_3076" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3075" xlink:to="Locator_us-gaap_LiabilitiesFairValueDisclosureRecurring_3076" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3223" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_3224" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3223" xlink:to="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_3224" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3235" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="Locator_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_3236" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3235" xlink:to="Locator_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_3236" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="Locator_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_3341" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="Locator_us-gaap_ReceivableTypeDomain_3342" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_3341" xlink:to="Locator_us-gaap_ReceivableTypeDomain_3342" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="Locator_us-gaap_ReceivableTypeDomain_3343" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ResidentialPrimeFinancingReceivableMember" xlink:label="Locator_us-gaap_ResidentialPrimeFinancingReceivableMember_3344" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReceivableTypeDomain_3343" xlink:to="Locator_us-gaap_ResidentialPrimeFinancingReceivableMember_3344" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="Locator_us-gaap_ReceivableTypeDomain_3345" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansReceivableMember" xlink:label="Locator_us-gaap_LoansReceivableMember_3346" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReceivableTypeDomain_3345" xlink:to="Locator_us-gaap_LoansReceivableMember_3346" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="Locator_us-gaap_ReceivableTypeDomain_3347" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LoanRepurchaseCommitmentsMember" xlink:label="Locator_mbi_LoanRepurchaseCommitmentsMember_3348" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReceivableTypeDomain_3347" xlink:to="Locator_mbi_LoanRepurchaseCommitmentsMember_3348" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureFairValueMeasurementCompanysAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasisAbstract" xlink:label="Locator_mbi_DisclosureFairValueMeasurementCompanysAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasisAbstract_3079" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3080" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureFairValueMeasurementCompanysAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasisAbstract_3079" xlink:to="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3080" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstrumentsFairValueHierarchyTablePresentsTheCompanysAssetsAndLiabilitiesAtFairValueNotRecordedOnTheCompanysConsolidatedBalanceSheetDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3493" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3494" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3493" xlink:to="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3494" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3495" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3496" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3495" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3496" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="Locator_us-gaap_FairValueByFairValueHierarchyLevelAxis_3497" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3498" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueByFairValueHierarchyLevelAxis_3497" xlink:to="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3498" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3499" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="Locator_us-gaap_FairValueInputsLevel1Member_3500" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3499" xlink:to="Locator_us-gaap_FairValueInputsLevel1Member_3500" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3501" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="Locator_us-gaap_FairValueInputsLevel2Member_3502" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3501" xlink:to="Locator_us-gaap_FairValueInputsLevel2Member_3502" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3503" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="Locator_us-gaap_FairValueInputsLevel3Member_3504" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3503" xlink:to="Locator_us-gaap_FairValueInputsLevel3Member_3504" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureFairValueMeasurementFairValueHierarchyTablePresentsCompanysAssetsAndLiabilitiesAtFairValueNotRecordedOnCompanysConsolidatedBalanceSheetAbstract" xlink:label="Locator_mbi_DisclosureFairValueMeasurementFairValueHierarchyTablePresentsCompanysAssetsAndLiabilitiesAtFairValueNotRecordedOnCompanysConsolidatedBalanceSheetAbstract_3383" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable" xlink:label="Locator_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable_3384" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureFairValueMeasurementFairValueHierarchyTablePresentsCompanysAssetsAndLiabilitiesAtFairValueNotRecordedOnCompanysConsolidatedBalanceSheetAbstract_3383" xlink:to="Locator_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable_3384" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable" xlink:label="Locator_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable_3481" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3482" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable_3481" xlink:to="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3482" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3349" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherInvestments" xlink:label="Locator_us-gaap_OtherInvestments_3350" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3349" xlink:to="Locator_us-gaap_OtherInvestments_3350" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3351" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccruedInvestmentIncomeReceivable" xlink:label="Locator_us-gaap_AccruedInvestmentIncomeReceivable_3352" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3351" xlink:to="Locator_us-gaap_AccruedInvestmentIncomeReceivable_3352" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3353" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ReceivableForInvestmentsSold" xlink:label="Locator_mbi_ReceivableForInvestmentsSold_3354" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3353" xlink:to="Locator_mbi_ReceivableForInvestmentsSold_3354" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3355" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent" xlink:label="Locator_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent_3356" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3355" xlink:to="Locator_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent_3356" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3357" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesFairValue" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesFairValue_3358" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3357" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesFairValue_3358" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3359" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_Cashcollateralpledge" xlink:label="Locator_mbi_Cashcollateralpledge_3360" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3359" xlink:to="Locator_mbi_Cashcollateralpledge_3360" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3361" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsFairValueDisclosureNonrecurring" xlink:label="Locator_us-gaap_AssetsFairValueDisclosureNonrecurring_3362" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3361" xlink:to="Locator_us-gaap_AssetsFairValueDisclosureNonrecurring_3362" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3363" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GuaranteedInvestmentAgreementsFairValue" xlink:label="Locator_mbi_GuaranteedInvestmentAgreementsFairValue_3364" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3363" xlink:to="Locator_mbi_GuaranteedInvestmentAgreementsFairValue_3364" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3365" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MediumTermNotes" xlink:label="Locator_us-gaap_MediumTermNotes_3366" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3365" xlink:to="Locator_us-gaap_MediumTermNotes_3366" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3367" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtFairValue" xlink:label="Locator_us-gaap_LongTermDebtFairValue_3368" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3367" xlink:to="Locator_us-gaap_LongTermDebtFairValue_3368" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3369" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PayableForInvestmentsPurchasedFairValueDisclosure" xlink:label="Locator_mbi_PayableForInvestmentsPurchasedFairValueDisclosure_3370" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3369" xlink:to="Locator_mbi_PayableForInvestmentsPurchasedFairValueDisclosure_3370" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3371" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesPayable" xlink:label="Locator_us-gaap_NotesPayable_3372" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3371" xlink:to="Locator_us-gaap_NotesPayable_3372" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3373" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_Payableforloanspurchased" xlink:label="Locator_mbi_Payableforloanspurchased_3374" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3373" xlink:to="Locator_mbi_Payableforloanspurchased_3374" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3375" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosureNonrecurring" xlink:label="Locator_us-gaap_LiabilitiesFairValueDisclosureNonrecurring_3376" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3375" xlink:to="Locator_us-gaap_LiabilitiesFairValueDisclosureNonrecurring_3376" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3377" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FinancialGuaranteeGross" xlink:label="Locator_mbi_FinancialGuaranteeGross_3378" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3377" xlink:to="Locator_mbi_FinancialGuaranteeGross_3378" order="15.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems" xlink:label="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3379" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FinancialGuaranteeCeded" xlink:label="Locator_mbi_FinancialGuaranteeCeded_3380" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems_3379" xlink:to="Locator_mbi_FinancialGuaranteeCeded_3380" order="16.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable" xlink:label="Locator_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable_3483" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis" xlink:label="Locator_us-gaap_FairValueByMeasurementBasisAxis_3484" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable_3483" xlink:to="Locator_us-gaap_FairValueByMeasurementBasisAxis_3484" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis" xlink:label="Locator_us-gaap_FairValueByMeasurementBasisAxis_3505" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="Locator_us-gaap_FairValueDisclosureItemAmountsDomain_3506" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueByMeasurementBasisAxis_3505" xlink:to="Locator_us-gaap_FairValueDisclosureItemAmountsDomain_3506" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="Locator_us-gaap_FairValueDisclosureItemAmountsDomain_3507" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="Locator_us-gaap_CarryingReportedAmountFairValueDisclosureMember_3508" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueDisclosureItemAmountsDomain_3507" xlink:to="Locator_us-gaap_CarryingReportedAmountFairValueDisclosureMember_3508" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="Locator_us-gaap_FairValueDisclosureItemAmountsDomain_3509" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:label="Locator_us-gaap_EstimateOfFairValueFairValueDisclosureMember_3510" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueDisclosureItemAmountsDomain_3509" xlink:to="Locator_us-gaap_EstimateOfFairValueFairValueDisclosureMember_3510" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable" xlink:label="Locator_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable_3485" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis" xlink:label="Locator_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_3486" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable_3485" xlink:to="Locator_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_3486" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis" xlink:label="Locator_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_3511" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosedAtFairValueNotRecordedAtFairValueDomain" xlink:label="Locator_mbi_DisclosedAtFairValueNotRecordedAtFairValueDomain_3512" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosedAtFairValueNotRecordedAtFairValueAxis_3511" xlink:to="Locator_mbi_DisclosedAtFairValueNotRecordedAtFairValueDomain_3512" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosedAtFairValueNotRecordedAtFairValueDomain" xlink:label="Locator_mbi_DisclosedAtFairValueNotRecordedAtFairValueDomain_3513" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember" xlink:label="Locator_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_3514" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosedAtFairValueNotRecordedAtFairValueDomain_3513" xlink:to="Locator_mbi_ValueDisclosedAtFairValueNotRecordedAtFairValueMember_3514" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable" xlink:label="Locator_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable_3487" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="Locator_us-gaap_FairValueByFairValueHierarchyLevelAxis_3488" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable_3487" xlink:to="Locator_us-gaap_FairValueByFairValueHierarchyLevelAxis_3488" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable" xlink:label="Locator_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable_3489" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3490" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable_3489" xlink:to="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3490" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable" xlink:label="Locator_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable_3491" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorPropertyClassAxis" xlink:label="Locator_us-gaap_MajorPropertyClassAxis_3492" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable_3491" xlink:to="Locator_us-gaap_MajorPropertyClassAxis_3492" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorPropertyClassAxis" xlink:label="Locator_us-gaap_MajorPropertyClassAxis_3515" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorPropertyClassDomain" xlink:label="Locator_us-gaap_MajorPropertyClassDomain_3516" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorPropertyClassAxis_3515" xlink:to="Locator_us-gaap_MajorPropertyClassDomain_3516" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorPropertyClassDomain" xlink:label="Locator_us-gaap_MajorPropertyClassDomain_3517" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsHeldForSaleMember" xlink:label="Locator_us-gaap_AssetsHeldForSaleMember_3518" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorPropertyClassDomain_3517" xlink:to="Locator_us-gaap_AssetsHeldForSaleMember_3518" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstrumentsChangesInLevel3AssetsAndLiabilitiesMeasuredAtFairValueOnARecurringBasisDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3737" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3738" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3737" xlink:to="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3738" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3741" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LiabilitiesOfConsolidatedViesMember" xlink:label="Locator_mbi_LiabilitiesOfConsolidatedViesMember_3742" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3741" xlink:to="Locator_mbi_LiabilitiesOfConsolidatedViesMember_3742" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3739" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3740" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3739" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3740" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="Locator_invest_InvestmentAxis_3699" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3700" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentAxis_3699" xlink:to="Locator_invest_InvestmentDomain_3700" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3705" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CorporateObligationMember" xlink:label="Locator_mbi_CorporateObligationMember_3706" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3705" xlink:to="Locator_mbi_CorporateObligationMember_3706" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3717" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PerpetualPreferredSecuritiesMember" xlink:label="Locator_mbi_PerpetualPreferredSecuritiesMember_3718" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3717" xlink:to="Locator_mbi_PerpetualPreferredSecuritiesMember_3718" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3719" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLongTermInvestmentsMember" xlink:label="Locator_us-gaap_OtherLongTermInvestmentsMember_3720" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3719" xlink:to="Locator_us-gaap_OtherLongTermInvestmentsMember_3720" order="10.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3721" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MediumTermNotesMember" xlink:label="Locator_us-gaap_MediumTermNotesMember_3722" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3721" xlink:to="Locator_us-gaap_MediumTermNotesMember_3722" order="11.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3723" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CreditDerivativesMember" xlink:label="Locator_mbi_CreditDerivativesMember_3724" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3723" xlink:to="Locator_mbi_CreditDerivativesMember_3724" order="12.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3725" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InterestRateDerivativesMember" xlink:label="Locator_mbi_InterestRateDerivativesMember_3726" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3725" xlink:to="Locator_mbi_InterestRateDerivativesMember_3726" order="13.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3727" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherDerivativeLiabilitiesMember" xlink:label="Locator_mbi_OtherDerivativeLiabilitiesMember_3728" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3727" xlink:to="Locator_mbi_OtherDerivativeLiabilitiesMember_3728" order="14.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3729" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_VariableInterestEntityNotesMember" xlink:label="Locator_mbi_VariableInterestEntityNotesMember_3730" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3729" xlink:to="Locator_mbi_VariableInterestEntityNotesMember_3730" order="15.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3731" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CurrencyDerivativesMember" xlink:label="Locator_mbi_CurrencyDerivativesMember_3732" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3731" xlink:to="Locator_mbi_CurrencyDerivativesMember_3732" order="16.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3733" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquitySecuritiesMember" xlink:label="Locator_us-gaap_EquitySecuritiesMember_3734" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3733" xlink:to="Locator_us-gaap_EquitySecuritiesMember_3734" order="17.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3701" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_USStatesAndPoliticalSubdivisionsMember" xlink:label="Locator_us-gaap_USStatesAndPoliticalSubdivisionsMember_3702" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3701" xlink:to="Locator_us-gaap_USStatesAndPoliticalSubdivisionsMember_3702" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3703" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForeignGovernmentDebtMember" xlink:label="Locator_us-gaap_ForeignGovernmentDebtMember_3704" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3703" xlink:to="Locator_us-gaap_ForeignGovernmentDebtMember_3704" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3707" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ResidentialMortgageBackedAgencyMember" xlink:label="Locator_mbi_ResidentialMortgageBackedAgencyMember_3708" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3707" xlink:to="Locator_mbi_ResidentialMortgageBackedAgencyMember_3708" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3709" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ResidentialMortgageBackedNonAgencyMember" xlink:label="Locator_mbi_ResidentialMortgageBackedNonAgencyMember_3710" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3709" xlink:to="Locator_mbi_ResidentialMortgageBackedNonAgencyMember_3710" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3711" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:label="Locator_us-gaap_CommercialMortgageBackedSecuritiesMember_3712" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3711" xlink:to="Locator_us-gaap_CommercialMortgageBackedSecuritiesMember_3712" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3713" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CollateralizedDebtObligationsMember" xlink:label="Locator_us-gaap_CollateralizedDebtObligationsMember_3714" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3713" xlink:to="Locator_us-gaap_CollateralizedDebtObligationsMember_3714" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3715" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherAssetBackedMember" xlink:label="Locator_mbi_OtherAssetBackedMember_3716" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3715" xlink:to="Locator_mbi_OtherAssetBackedMember_3716" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_3735" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PerpetualDebtAndEquitySecuritiesMember" xlink:label="Locator_mbi_PerpetualDebtAndEquitySecuritiesMember_3736" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_3735" xlink:to="Locator_mbi_PerpetualDebtAndEquitySecuritiesMember_3736" order="18.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3691" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="Locator_invest_InvestmentAxis_3692" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3691" xlink:to="Locator_invest_InvestmentAxis_3692" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3695" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3696" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3695" xlink:to="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3696" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3697" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="Locator_us-gaap_FairValueByFairValueHierarchyLevelAxis_3698" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3697" xlink:to="Locator_us-gaap_FairValueByFairValueHierarchyLevelAxis_3698" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="Locator_us-gaap_FairValueByFairValueHierarchyLevelAxis_3743" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3744" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueByFairValueHierarchyLevelAxis_3743" xlink:to="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3744" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3745" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="Locator_us-gaap_FairValueInputsLevel3Member_3746" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3745" xlink:to="Locator_us-gaap_FairValueInputsLevel3Member_3746" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3689" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3690" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3689" xlink:to="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3690" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3521" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_3522" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3521" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_3522" order="2.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3523" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:label="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_3524" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3523" xlink:to="Locator_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_3524" order="3.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3525" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss_3526" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3525" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss_3526" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3527" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets" xlink:label="Locator_mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets_3528" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3527" xlink:to="Locator_mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsAssets_3528" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3529" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_3530" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3529" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_3530" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3531" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_3532" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3531" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_3532" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3533" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_3534" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3533" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_3534" order="8.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3535" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_3536" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3535" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_3536" order="9.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3537" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3_3538" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3537" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3_3538" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3539" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3_3540" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3539" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3_3540" order="11.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3519" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_3520" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3519" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_3520" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3541" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_3542" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3541" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_3542" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3543" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease_3544" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3543" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPeriodIncreaseDecrease_3544" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3547" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_3548" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3547" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_3548" order="15.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3549" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:label="Locator_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_3550" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3549" xlink:to="Locator_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_3550" order="16.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3551" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome_3552" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3551" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome_3552" order="17.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3553" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities" xlink:label="Locator_mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities_3554" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3553" xlink:to="Locator_mbi_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInForeignExchangeRecognizedOtherComprehensiveIncomeOrEarningsLiabilities_3554" order="18.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3555" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_3556" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3555" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_3556" order="19.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3557" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_3558" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3557" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_3558" order="20.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3559" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_3560" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3559" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_3560" order="21.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3561" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales_3562" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3561" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales_3562" order="22.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3563" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3_3564" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3563" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3_3564" order="23.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3565" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3_3566" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3565" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3_3566" order="24.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3545" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_3546" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3545" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_3546" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3567" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_3568" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3567" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_3568" order="25.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3569" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease" xlink:label="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease_3570" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3569" xlink:to="Locator_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease_3570" order="26.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3693" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="Locator_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_3694" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3693" xlink:to="Locator_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_3694" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="Locator_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_3747" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="Locator_us-gaap_ReceivableTypeDomain_3748" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_3747" xlink:to="Locator_us-gaap_ReceivableTypeDomain_3748" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="Locator_us-gaap_ReceivableTypeDomain_3749" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ResidentialPrimeFinancingReceivableMember" xlink:label="Locator_us-gaap_ResidentialPrimeFinancingReceivableMember_3750" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReceivableTypeDomain_3749" xlink:to="Locator_us-gaap_ResidentialPrimeFinancingReceivableMember_3750" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="Locator_us-gaap_ReceivableTypeDomain_3751" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansReceivableMember" xlink:label="Locator_us-gaap_LoansReceivableMember_3752" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReceivableTypeDomain_3751" xlink:to="Locator_us-gaap_LoansReceivableMember_3752" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="Locator_us-gaap_ReceivableTypeDomain_3753" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LoanRepurchaseCommitmentsMember" xlink:label="Locator_mbi_LoanRepurchaseCommitmentsMember_3754" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReceivableTypeDomain_3753" xlink:to="Locator_mbi_LoanRepurchaseCommitmentsMember_3754" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureFairValueMeasurementChangesInLevel3AssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasisAbstract" xlink:label="Locator_mbi_DisclosureFairValueMeasurementChangesInLevel3AssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasisAbstract_3573" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3574" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureFairValueMeasurementChangesInLevel3AssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasisAbstract_3573" xlink:to="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3574" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstrumentsRealizedAndUnrealizedGainsAndLossesIncludedInEarningsPertainingToLevel3AssetsAndLiabilitiesDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3815" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3816" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3815" xlink:to="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3816" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3817" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3818" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_3817" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3818" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="Locator_us-gaap_FairValueByFairValueHierarchyLevelAxis_3819" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3820" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueByFairValueHierarchyLevelAxis_3819" xlink:to="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3820" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3821" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="Locator_us-gaap_FairValueInputsLevel3Member_3822" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3821" xlink:to="Locator_us-gaap_FairValueInputsLevel3Member_3822" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureFairValueMeasurementGainsAndLossesRealizedAndUnrealizedIncludedInEarningsPertainingToLevel3AssetsAndLiabilitiesAbstract" xlink:label="Locator_mbi_DisclosureFairValueMeasurementGainsAndLossesRealizedAndUnrealizedIncludedInEarningsPertainingToLevel3AssetsAndLiabilitiesAbstract_3813" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_3814" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureFairValueMeasurementGainsAndLossesRealizedAndUnrealizedIncludedInEarningsPertainingToLevel3AssetsAndLiabilitiesAbstract_3813" xlink:to="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_3814" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_3823" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_3824" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_3823" xlink:to="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_3824" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_3755" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetInvestmentIncome" xlink:label="Locator_us-gaap_NetInvestmentIncome_3756" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_3755" xlink:to="Locator_us-gaap_NetInvestmentIncome_3756" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_3757" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="Locator_us-gaap_UnrealizedGainLossOnDerivatives_3758" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_3757" xlink:to="Locator_us-gaap_UnrealizedGainLossOnDerivatives_3758" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_3759" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives" xlink:label="Locator_mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives_3760" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_3759" xlink:to="Locator_mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivatives_3760" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_3761" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xlink:label="Locator_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_3762" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_3761" xlink:to="Locator_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_3762" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_3763" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_3764" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_3763" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_3764" order="5.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_3765" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings" xlink:label="Locator_us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings_3766" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_3765" xlink:to="Locator_us-gaap_FairValueMeasuredOnRecurringBasisGainLossIncludedInEarnings_3766" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_3825" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="Locator_us-gaap_FairValueByFairValueHierarchyLevelAxis_3826" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_3825" xlink:to="Locator_us-gaap_FairValueByFairValueHierarchyLevelAxis_3826" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_3827" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3828" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_3827" xlink:to="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_3828" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_3829" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueByConsolidatedStatementsOfOperationsAxis" xlink:label="Locator_mbi_FairValueByConsolidatedStatementsOfOperationsAxis_3830" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_3829" xlink:to="Locator_mbi_FairValueByConsolidatedStatementsOfOperationsAxis_3830" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueByConsolidatedStatementsOfOperationsAxis" xlink:label="Locator_mbi_FairValueByConsolidatedStatementsOfOperationsAxis_3831" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain" xlink:label="Locator_mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain_3832" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_FairValueByConsolidatedStatementsOfOperationsAxis_3831" xlink:to="Locator_mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain_3832" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain" xlink:label="Locator_mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain_3833" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TotalGainsLossesIncludedInEarningsMember" xlink:label="Locator_mbi_TotalGainsLossesIncludedInEarningsMember_3834" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain_3833" xlink:to="Locator_mbi_TotalGainsLossesIncludedInEarningsMember_3834" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain" xlink:label="Locator_mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain_3835" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember" xlink:label="Locator_mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember_3836" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_GainsAndLossesRealizedAndUnrealizedEarningsDomain_3835" xlink:to="Locator_mbi_ChangeInUnrealizedGainsLossesForPeriodIncludedInEarningsForAssetsAndLiabilitiesStillHeldMember_3836" order="2.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstrumentsGainsAndLossesOnFairValueOptionIncludedInTheCompanysConsolidatedStatementsOfOperationsDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_3909" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_3910" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_3909" xlink:to="Locator_dei_EntityDomain_3910" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_3911" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" xlink:label="Locator_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_3912" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_3911" xlink:to="Locator_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_3912" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_3913" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3914" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_3913" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3914" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_3891" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3892" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_3891" xlink:to="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3892" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3893" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InvestmentsCarriedAtFairValueMember" xlink:label="Locator_mbi_InvestmentsCarriedAtFairValueMember_3894" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3893" xlink:to="Locator_mbi_InvestmentsCarriedAtFairValueMember_3894" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3895" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember" xlink:label="Locator_mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember_3896" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3895" xlink:to="Locator_mbi_FixedMaturitySecuritiesHeldAtFairValueVieMember_3896" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3901" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAssetsMember" xlink:label="Locator_us-gaap_OtherAssetsMember_3902" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3901" xlink:to="Locator_us-gaap_OtherAssetsMember_3902" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3903" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MediumTermNotesMember" xlink:label="Locator_us-gaap_MediumTermNotesMember_3904" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3903" xlink:to="Locator_us-gaap_MediumTermNotesMember_3904" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3905" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_VariableInterestEntityNotesMember" xlink:label="Locator_mbi_VariableInterestEntityNotesMember_3906" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3905" xlink:to="Locator_mbi_VariableInterestEntityNotesMember_3906" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3907" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMember" xlink:label="Locator_us-gaap_LongTermDebtMember_3908" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3907" xlink:to="Locator_us-gaap_LongTermDebtMember_3908" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3897" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ResidentialMortgageLoansMember" xlink:label="Locator_mbi_ResidentialMortgageLoansMember_3898" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3897" xlink:to="Locator_mbi_ResidentialMortgageLoansMember_3898" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3899" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherLoansMember" xlink:label="Locator_mbi_OtherLoansMember_3900" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3899" xlink:to="Locator_mbi_OtherLoansMember_3900" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureFairValueMeasurementChangesInFairValueIncludedInCompanysConsolidatedStatementsOfOperationsAbstract" xlink:label="Locator_mbi_DisclosureFairValueMeasurementChangesInFairValueIncludedInCompanysConsolidatedStatementsOfOperationsAbstract_3841" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3842" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureFairValueMeasurementChangesInFairValueIncludedInCompanysConsolidatedStatementsOfOperationsAbstract_3841" xlink:to="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3842" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3883" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3884" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3883" xlink:to="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3884" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3837" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xlink:label="Locator_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_3838" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesAndLoansReceivableLineItems_3837" xlink:to="Locator_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_3838" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3885" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_3886" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3885" xlink:to="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_3886" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3887" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_3888" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3887" xlink:to="Locator_dei_LegalEntityAxis_3888" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3889" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="Locator_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_3890" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_3889" xlink:to="Locator_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_3890" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="Locator_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_3915" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="Locator_us-gaap_ReceivableTypeDomain_3916" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_3915" xlink:to="Locator_us-gaap_ReceivableTypeDomain_3916" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="Locator_us-gaap_ReceivableTypeDomain_3917" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LoanRepurchaseCommitmentsMember" xlink:label="Locator_mbi_LoanRepurchaseCommitmentsMember_3918" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReceivableTypeDomain_3917" xlink:to="Locator_mbi_LoanRepurchaseCommitmentsMember_3918" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureFairValueOfFinancialInstrumentsAggregateFairValueAndRemainingContractualPrincipalBalanceOutstandingOnFairValueOptionDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_3993" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_3994" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_3993" xlink:to="Locator_dei_EntityDomain_3994" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_3995" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember" xlink:label="Locator_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_3996" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_3995" xlink:to="Locator_us-gaap_ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember_3996" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_3997" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3998" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_3997" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_3998" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_3987" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3988" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_3987" xlink:to="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3988" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3989" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ResidentialMortgageLoansMember" xlink:label="Locator_mbi_ResidentialMortgageLoansMember_3990" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3989" xlink:to="Locator_mbi_ResidentialMortgageLoansMember_3990" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3991" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherLoansMember" xlink:label="Locator_mbi_OtherLoansMember_3992" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_3991" xlink:to="Locator_mbi_OtherLoansMember_3992" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureFairValueMeasurementDifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalBalanceOutstandingAbstract" xlink:label="Locator_mbi_DisclosureFairValueMeasurementDifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalBalanceOutstandingAbstract_3985" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable_3986" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureFairValueMeasurementDifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalBalanceOutstandingAbstract_3985" xlink:to="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable_3986" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable_3999" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_4000" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable_3999" xlink:to="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_4000" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3919" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable" xlink:label="Locator_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable_3920" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3919" xlink:to="Locator_mbi_FairValueOptionContractualOutstandingPrincipalLoansReceivable_3920" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3921" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue" xlink:label="Locator_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue_3922" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3921" xlink:to="Locator_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue_3922" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3923" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments" xlink:label="Locator_mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments_3924" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3923" xlink:to="Locator_mbi_FairValueOptionContractualOutstandingPrincipalLongTermDebtInstruments_3924" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3925" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_Fairvalueoptioncontractualoutstandingprincipalmediumtermnotes" xlink:label="Locator_mbi_Fairvalueoptioncontractualoutstandingprincipalmediumtermnotes_3926" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3925" xlink:to="Locator_mbi_Fairvalueoptioncontractualoutstandingprincipalmediumtermnotes_3926" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3927" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueOptionAggregateFairValueLoansReceivable" xlink:label="Locator_mbi_FairValueOptionAggregateFairValueLoansReceivable_3928" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3927" xlink:to="Locator_mbi_FairValueOptionAggregateFairValueLoansReceivable_3928" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3929" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus" xlink:label="Locator_us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus_3930" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3929" xlink:to="Locator_us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus_3930" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3931" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments" xlink:label="Locator_mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments_3932" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3931" xlink:to="Locator_mbi_FairValueOptionAggregateFairValueLongTermDebtInstruments_3932" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3933" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueOptionAggregateFairValueMediumTermNotes" xlink:label="Locator_mbi_FairValueOptionAggregateFairValueMediumTermNotes_3934" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3933" xlink:to="Locator_mbi_FairValueOptionAggregateFairValueMediumTermNotes_3934" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3935" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables" xlink:label="Locator_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables_3936" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3935" xlink:to="Locator_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables_3936" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3937" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference" xlink:label="Locator_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference_3938" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3937" xlink:to="Locator_us-gaap_FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference_3938" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3939" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments" xlink:label="Locator_us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments_3940" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3939" xlink:to="Locator_us-gaap_FairValueOptionAggregateDifferencesLongTermDebtInstruments_3940" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3941" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueOptionAggregateDifferencesMediumTermNotes" xlink:label="Locator_mbi_FairValueOptionAggregateDifferencesMediumTermNotes_3942" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentLineItems_3941" xlink:to="Locator_mbi_FairValueOptionAggregateDifferencesMediumTermNotes_3942" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable_4001" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_4002" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable_4001" xlink:to="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_4002" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable_4003" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_4004" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTable_4003" xlink:to="Locator_dei_LegalEntityAxis_4004" order="2.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureInvestmentsNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_4113" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_4114" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_4113" xlink:to="Locator_dei_EntityDomain_4114" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_4115" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaCorpMember" xlink:label="Locator_mbi_MbiaCorpMember_4116" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_4115" xlink:to="Locator_mbi_MbiaCorpMember_4116" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_4097" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4098" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_4097" xlink:to="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4098" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4099" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueBelowBookValueByMoreThanFivePercentMember" xlink:label="Locator_mbi_FairValueBelowBookValueByMoreThanFivePercentMember_4100" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4099" xlink:to="Locator_mbi_FairValueBelowBookValueByMoreThanFivePercentMember_4100" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4105" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CorporateObligationMember" xlink:label="Locator_mbi_CorporateObligationMember_4106" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4105" xlink:to="Locator_mbi_CorporateObligationMember_4106" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4107" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueBelowBookValueGreaterThanFivePercentMember" xlink:label="Locator_mbi_FairValueBelowBookValueGreaterThanFivePercentMember_4108" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4107" xlink:to="Locator_mbi_FairValueBelowBookValueGreaterThanFivePercentMember_4108" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4101" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetBackedSecuritiesMember" xlink:label="Locator_us-gaap_AssetBackedSecuritiesMember_4102" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4101" xlink:to="Locator_us-gaap_AssetBackedSecuritiesMember_4102" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4103" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MortgageBackedSecuritiesMember" xlink:label="Locator_us-gaap_MortgageBackedSecuritiesMember_4104" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4103" xlink:to="Locator_us-gaap_MortgageBackedSecuritiesMember_4104" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="Locator_invest_InvestmentAxis_4109" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_4110" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentAxis_4109" xlink:to="Locator_invest_InvestmentDomain_4110" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_4111" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SecuritiesInUnrealizedLossPositionMember" xlink:label="Locator_mbi_SecuritiesInUnrealizedLossPositionMember_4112" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_4111" xlink:to="Locator_mbi_SecuritiesInUnrealizedLossPositionMember_4112" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4005" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities" xlink:label="Locator_mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities_4006" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4005" xlink:to="Locator_mbi_FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities_4006" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4007" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue" xlink:label="Locator_us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue_4008" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4007" xlink:to="Locator_us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue_4008" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4009" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CashAndMoneyMarketSecuritiesCollateralForInvestmentAgreements" xlink:label="Locator_mbi_CashAndMoneyMarketSecuritiesCollateralForInvestmentAgreements_4010" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4009" xlink:to="Locator_mbi_CashAndMoneyMarketSecuritiesCollateralForInvestmentAgreements_4010" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4011" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition" xlink:label="Locator_mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition_4012" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4011" xlink:to="Locator_mbi_WeightedAverageContractualMaturityPeriodOfSecuritiesUnrealizedLossPosition_4012" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4013" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod" xlink:label="Locator_mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod_4014" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4013" xlink:to="Locator_mbi_InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod_4014" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4015" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfSecuritiesBookValueExceededMarketValue" xlink:label="Locator_mbi_PercentageOfSecuritiesBookValueExceededMarketValue_4016" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4015" xlink:to="Locator_mbi_PercentageOfSecuritiesBookValueExceededMarketValue_4016" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InformationByCategoryOfDebtSecurityAxis" xlink:label="Locator_us-gaap_InformationByCategoryOfDebtSecurityAxis_4121" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain_4122" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InformationByCategoryOfDebtSecurityAxis_4121" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain_4122" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain_4123" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldtomaturitySecuritiesMember" xlink:label="Locator_us-gaap_HeldtomaturitySecuritiesMember_4124" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain_4123" xlink:to="Locator_us-gaap_HeldtomaturitySecuritiesMember_4124" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4089" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOperatingActivitiesSegmentAxis" xlink:label="Locator_us-gaap_StatementOperatingActivitiesSegmentAxis_4090" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4089" xlink:to="Locator_us-gaap_StatementOperatingActivitiesSegmentAxis_4090" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOperatingActivitiesSegmentAxis" xlink:label="Locator_us-gaap_StatementOperatingActivitiesSegmentAxis_4117" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentOperatingActivitiesDomain" xlink:label="Locator_us-gaap_SegmentOperatingActivitiesDomain_4118" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOperatingActivitiesSegmentAxis_4117" xlink:to="Locator_us-gaap_SegmentOperatingActivitiesDomain_4118" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentOperatingActivitiesDomain" xlink:label="Locator_us-gaap_SegmentOperatingActivitiesDomain_4119" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AssetLiabilityProductsBusinessMember" xlink:label="Locator_mbi_AssetLiabilityProductsBusinessMember_4120" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentOperatingActivitiesDomain_4119" xlink:to="Locator_mbi_AssetLiabilityProductsBusinessMember_4120" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4091" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InformationByCategoryOfDebtSecurityAxis" xlink:label="Locator_us-gaap_InformationByCategoryOfDebtSecurityAxis_4092" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4091" xlink:to="Locator_us-gaap_InformationByCategoryOfDebtSecurityAxis_4092" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4095" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TypeOfGuaranteeAxis" xlink:label="Locator_mbi_TypeOfGuaranteeAxis_4096" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4095" xlink:to="Locator_mbi_TypeOfGuaranteeAxis_4096" order="6.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TypeOfGuaranteeAxis" xlink:label="Locator_mbi_TypeOfGuaranteeAxis_4125" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TypeOfGuaranteeDomain" xlink:label="Locator_mbi_TypeOfGuaranteeDomain_4126" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_TypeOfGuaranteeAxis_4125" xlink:to="Locator_mbi_TypeOfGuaranteeDomain_4126" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TypeOfGuaranteeDomain" xlink:label="Locator_mbi_TypeOfGuaranteeDomain_4127" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ThirdPartyGuarantorsMember" xlink:label="Locator_mbi_ThirdPartyGuarantorsMember_4128" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_TypeOfGuaranteeDomain_4127" xlink:to="Locator_mbi_ThirdPartyGuarantorsMember_4128" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4087" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="Locator_invest_InvestmentAxis_4088" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4087" xlink:to="Locator_invest_InvestmentAxis_4088" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4083" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4084" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4083" xlink:to="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4084" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4085" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_4086" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4085" xlink:to="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_4086" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4093" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_4094" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4093" xlink:to="Locator_dei_LegalEntityAxis_4094" order="5.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureInvestmentsNarrativeAbstract" xlink:label="Locator_mbi_DisclosureInvestmentsNarrativeAbstract_4019" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4020" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureInvestmentsNarrativeAbstract_4019" xlink:to="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4020" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/InvestmentsDistributionOfSecuritiesByPercentageOfFairValueBelowBookValueByMoreThan5ForAContinuousTwelveMonthPeriodOrLongerDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_4199" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4200" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_4199" xlink:to="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4200" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4201" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GreaterThanFivePercentToFifteenPercentMember" xlink:label="Locator_mbi_GreaterThanFivePercentToFifteenPercentMember_4202" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4201" xlink:to="Locator_mbi_GreaterThanFivePercentToFifteenPercentMember_4202" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4203" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GreaterThanFifteenPercentToTwentyFivePercentMember" xlink:label="Locator_mbi_GreaterThanFifteenPercentToTwentyFivePercentMember_4204" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4203" xlink:to="Locator_mbi_GreaterThanFifteenPercentToTwentyFivePercentMember_4204" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4205" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GreaterThanTwentyFivePercentToFiftyPercentMember" xlink:label="Locator_mbi_GreaterThanTwentyFivePercentToFiftyPercentMember_4206" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4205" xlink:to="Locator_mbi_GreaterThanTwentyFivePercentToFiftyPercentMember_4206" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4207" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GreaterThanFiftyPercentMember" xlink:label="Locator_mbi_GreaterThanFiftyPercentMember_4208" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4207" xlink:to="Locator_mbi_GreaterThanFiftyPercentMember_4208" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4209" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueBelowBookValueGreaterThanFivePercentMember" xlink:label="Locator_mbi_FairValueBelowBookValueGreaterThanFivePercentMember_4210" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4209" xlink:to="Locator_mbi_FairValueBelowBookValueGreaterThanFivePercentMember_4210" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_4129" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1" xlink:label="Locator_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1_4130" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_4129" xlink:to="Locator_us-gaap_AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1_4130" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_4131" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAmortizedCost" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAmortizedCost_4132" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_4131" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesAmortizedCost_4132" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_4133" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="Locator_us-gaap_AvailableForSaleSecurities_4134" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_4133" xlink:to="Locator_us-gaap_AvailableForSaleSecurities_4134" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_4135" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions_4136" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_4135" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions_4136" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_4137" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecurities" xlink:label="Locator_us-gaap_HeldToMaturitySecurities_4138" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_4137" xlink:to="Locator_us-gaap_HeldToMaturitySecurities_4138" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_4139" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesFairValue" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesFairValue_4140" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_4139" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesFairValue_4140" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="Locator_invest_InvestmentAxis_4211" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_4212" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentAxis_4211" xlink:to="Locator_invest_InvestmentDomain_4212" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_4213" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember" xlink:label="Locator_mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember_4214" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_4213" xlink:to="Locator_mbi_UnrealizedLossPositionGreaterThanTwelveMonthsMember_4214" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4141" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_4142" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4141" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_4142" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4143" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_4144" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4143" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_4144" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4145" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfFairValueBelowBookValueMinimum" xlink:label="Locator_mbi_PercentageOfFairValueBelowBookValueMinimum_4146" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4145" xlink:to="Locator_mbi_PercentageOfFairValueBelowBookValueMinimum_4146" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4147" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfFairValueBelowBookValueMaximum" xlink:label="Locator_mbi_PercentageOfFairValueBelowBookValueMaximum_4148" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4147" xlink:to="Locator_mbi_PercentageOfFairValueBelowBookValueMaximum_4148" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureInvestmentsInvestmentSecuritiesWhoseBookValueExceededMarketValueByMoreThan5Abstract" xlink:label="Locator_mbi_DisclosureInvestmentsInvestmentSecuritiesWhoseBookValueExceededMarketValueByMoreThan5Abstract_4151" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4152" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureInvestmentsInvestmentSecuritiesWhoseBookValueExceededMarketValueByMoreThan5Abstract_4151" xlink:to="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4152" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4197" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="Locator_invest_InvestmentAxis_4198" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4197" xlink:to="Locator_invest_InvestmentAxis_4198" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4193" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4194" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4193" xlink:to="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4194" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4195" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_4196" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4195" xlink:to="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_4196" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/InvestmentsSecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_4277" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_4278" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_4277" xlink:to="Locator_dei_EntityDomain_4278" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_4279" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaCorpAndNationalMember" xlink:label="Locator_mbi_MbiaCorpAndNationalMember_4280" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_4279" xlink:to="Locator_mbi_MbiaCorpAndNationalMember_4280" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_4281" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherInsurersMember" xlink:label="Locator_mbi_OtherInsurersMember_4282" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_4281" xlink:to="Locator_mbi_OtherInsurersMember_4282" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_4267" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4268" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_4267" xlink:to="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4268" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4275" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AllOtherSecuritiesMember" xlink:label="Locator_mbi_AllOtherSecuritiesMember_4276" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4275" xlink:to="Locator_mbi_AllOtherSecuritiesMember_4276" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4269" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetBackedSecuritiesMember" xlink:label="Locator_us-gaap_AssetBackedSecuritiesMember_4270" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4269" xlink:to="Locator_us-gaap_AssetBackedSecuritiesMember_4270" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4271" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MortgageBackedSecuritiesMember" xlink:label="Locator_us-gaap_MortgageBackedSecuritiesMember_4272" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4271" xlink:to="Locator_us-gaap_MortgageBackedSecuritiesMember_4272" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4273" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CorporateDebtSecuritiesMember" xlink:label="Locator_us-gaap_CorporateDebtSecuritiesMember_4274" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_4273" xlink:to="Locator_us-gaap_CorporateDebtSecuritiesMember_4274" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4215" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_4216" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4215" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_4216" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/positiveLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4217" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments" xlink:label="Locator_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments_4218" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4217" xlink:to="Locator_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments_4218" order="2.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4219" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor" xlink:label="Locator_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor_4220" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4219" xlink:to="Locator_mbi_LiabilityForClaimsAndClaimsAdjustmentExpenseInsuredByFinancialGuarantor_4220" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4259" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4260" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4259" xlink:to="Locator_us-gaap_ScheduleOfInvestmentsLineItems_4260" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4261" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_4262" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4261" xlink:to="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_4262" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4263" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialInstrumentAxis" xlink:label="Locator_us-gaap_FinancialInstrumentAxis_4264" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4263" xlink:to="Locator_us-gaap_FinancialInstrumentAxis_4264" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialInstrumentAxis" xlink:label="Locator_us-gaap_FinancialInstrumentAxis_4283" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:label="Locator_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4284" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_FinancialInstrumentAxis_4283" xlink:to="Locator_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4284" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:label="Locator_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4285" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_WrappedSecuritiesMember" xlink:label="Locator_mbi_WrappedSecuritiesMember_4286" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4285" xlink:to="Locator_mbi_WrappedSecuritiesMember_4286" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4265" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_4266" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4265" xlink:to="Locator_dei_LegalEntityAxis_4266" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureInvestmentsSecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsAbstract" xlink:label="Locator_mbi_DisclosureInvestmentsSecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsAbstract_4223" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable" xlink:label="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4224" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureInvestmentsSecuritiesHeldInUnrealizedLossPositionAndInsuredByFinancialGuarantorAndRelatedInsuranceLossReserveOnCompanyInsuredInvestmentsAbstract_4223" xlink:to="Locator_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_4224" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/InvestmentsNetRealizedGainsLossesFromSalesOfAvailableForSaleSecuritiesDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsAbstract" xlink:label="Locator_us-gaap_InvestmentsAbstract_4287" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds_4288" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InvestmentsAbstract_4287" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds_4288" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsAbstract" xlink:label="Locator_us-gaap_InvestmentsAbstract_4289" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract_4290" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InvestmentsAbstract_4289" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract_4290" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract_4291" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGains" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains_4292" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract_4291" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains_4292" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract_4293" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses_4294" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract_4293" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses_4294" order="2.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/InvestmentsCreditLossesRecognizedInEarningsRelatedToOTTILossesRecognizedInAccumulatedOtherComprehensiveIncomeLossDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract_4297" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment_4298" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract_4297" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment_4298" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract_4299" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses_4300" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract_4299" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses_4300" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract_4301" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AdditionsForCreditLossImpairmentsRecognizedInPriorPeriodsForSecuritiesThatWereReimpairedWithNonCreditComponentInCurrentPeriod" xlink:label="Locator_mbi_AdditionsForCreditLossImpairmentsRecognizedInPriorPeriodsForSecuritiesThatWereReimpairedWithNonCreditComponentInCurrentPeriod_4302" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract_4301" xlink:to="Locator_mbi_AdditionsForCreditLossImpairmentsRecognizedInPriorPeriodsForSecuritiesThatWereReimpairedWithNonCreditComponentInCurrentPeriod_4302" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract_4303" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold_4304" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract_4303" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold_4304" order="5.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract_4305" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsChangeInStatus" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsChangeInStatus_4306" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract_4305" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsChangeInStatus_4306" order="6.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract_4307" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows_4308" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract_4307" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows_4308" order="7.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract_4295" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld_4296" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract_4295" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld_4296" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract_4309" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld_4310" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecuritiesAbstract_4309" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld_4310" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/InvestmentsSummaryOfSignificantInputsConsideredInDeterminingTheMeasurementOfCreditLossesOnSecuritiesDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_4351" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_4352" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RangeAxis_4351" xlink:to="Locator_mbi_RangeDomain_4352" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_4353" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinimumMember" xlink:label="Locator_us-gaap_MinimumMember_4354" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_4353" xlink:to="Locator_us-gaap_MinimumMember_4354" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_4355" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MaximumMember" xlink:label="Locator_us-gaap_MaximumMember_4356" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_4355" xlink:to="Locator_us-gaap_MaximumMember_4356" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureInvestmentIncomeAndGainsAndLossesSignificantInputsUsedInScheduleOfMeasurementOfCreditLossComponentRecognizedInEarningsForEachSignificantClassOfAssetBackedSecuritiesAbstract" xlink:label="Locator_mbi_DisclosureInvestmentIncomeAndGainsAndLossesSignificantInputsUsedInScheduleOfMeasurementOfCreditLossComponentRecognizedInEarningsForEachSignificantClassOfAssetBackedSecuritiesAbstract_4325" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfOtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTable" xlink:label="Locator_us-gaap_ScheduleOfOtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTable_4326" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureInvestmentIncomeAndGainsAndLossesSignificantInputsUsedInScheduleOfMeasurementOfCreditLossComponentRecognizedInEarningsForEachSignificantClassOfAssetBackedSecuritiesAbstract_4325" xlink:to="Locator_us-gaap_ScheduleOfOtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTable_4326" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfOtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTable" xlink:label="Locator_us-gaap_ScheduleOfOtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTable_4347" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems_4348" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfOtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTable_4347" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems_4348" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems_4311" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AssumptionForMeasurementOfExpectedSizeOfLossesRange" xlink:label="Locator_mbi_AssumptionForMeasurementOfExpectedSizeOfLossesRange_4312" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems_4311" xlink:to="Locator_mbi_AssumptionForMeasurementOfExpectedSizeOfLossesRange_4312" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems_4313" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_WeightedAverageAssumptionForMeasurementOfExpectedSizeOfLosses" xlink:label="Locator_mbi_WeightedAverageAssumptionForMeasurementOfExpectedSizeOfLosses_4314" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems_4313" xlink:to="Locator_mbi_WeightedAverageAssumptionForMeasurementOfExpectedSizeOfLosses_4314" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems_4315" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AssumptionForMeasurementOfCurrentSubordinationLevelsRange" xlink:label="Locator_mbi_AssumptionForMeasurementOfCurrentSubordinationLevelsRange_4316" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems_4315" xlink:to="Locator_mbi_AssumptionForMeasurementOfCurrentSubordinationLevelsRange_4316" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems_4317" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_WeightedAverageAssumptionForMeasurementOfCurrentSubordinationLevels" xlink:label="Locator_mbi_WeightedAverageAssumptionForMeasurementOfCurrentSubordinationLevels_4318" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems_4317" xlink:to="Locator_mbi_WeightedAverageAssumptionForMeasurementOfCurrentSubordinationLevels_4318" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems_4319" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AssumptionForMeasurementOfPrepaymentSpeedRange" xlink:label="Locator_mbi_AssumptionForMeasurementOfPrepaymentSpeedRange_4320" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems_4319" xlink:to="Locator_mbi_AssumptionForMeasurementOfPrepaymentSpeedRange_4320" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems_4321" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_WeightedAverageAssumptionForMeasurementOfPrepaymentSpeed" xlink:label="Locator_mbi_WeightedAverageAssumptionForMeasurementOfPrepaymentSpeed_4322" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsLineItems_4321" xlink:to="Locator_mbi_WeightedAverageAssumptionForMeasurementOfPrepaymentSpeed_4322" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfOtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTable" xlink:label="Locator_us-gaap_ScheduleOfOtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTable_4349" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_4350" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfOtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTable_4349" xlink:to="Locator_us-gaap_RangeAxis_4350" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureDerivativeInstrumentsCreditDerivativesSoldDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="Locator_us-gaap_StatementBusinessSegmentsAxis_4419" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_4420" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementBusinessSegmentsAxis_4419" xlink:to="Locator_us-gaap_SegmentDomain_4420" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_4421" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceOperationsMember" xlink:label="Locator_mbi_InsuranceOperationsMember_4422" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_4421" xlink:to="Locator_mbi_InsuranceOperationsMember_4422" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingDomain" xlink:label="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_4425" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CreditRatingAaaMember" xlink:label="Locator_mbi_CreditRatingAaaMember_4426" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_4425" xlink:to="Locator_mbi_CreditRatingAaaMember_4426" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingDomain" xlink:label="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_4427" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CreditRatingAaMember" xlink:label="Locator_mbi_CreditRatingAaMember_4428" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_4427" xlink:to="Locator_mbi_CreditRatingAaMember_4428" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingDomain" xlink:label="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_4429" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CreditRatingaMember" xlink:label="Locator_mbi_CreditRatingaMember_4430" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_4429" xlink:to="Locator_mbi_CreditRatingaMember_4430" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingDomain" xlink:label="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_4431" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CreditRatingBbbMember" xlink:label="Locator_mbi_CreditRatingBbbMember_4432" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_4431" xlink:to="Locator_mbi_CreditRatingBbbMember_4432" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingDomain" xlink:label="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_4433" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CreditRatingBelowInvestmentGradeMember" xlink:label="Locator_mbi_CreditRatingBelowInvestmentGradeMember_4434" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_4433" xlink:to="Locator_mbi_CreditRatingBelowInvestmentGradeMember_4434" order="5.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureDerivativeInstrumentsCreditDerivativesSoldAbstract" xlink:label="Locator_mbi_DisclosureDerivativeInstrumentsCreditDerivativesSoldAbstract_4365" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="Locator_us-gaap_DerivativeTable_4366" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureDerivativeInstrumentsCreditDerivativesSoldAbstract_4365" xlink:to="Locator_us-gaap_DerivativeTable_4366" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="Locator_us-gaap_DerivativeTable_4413" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingAxis" xlink:label="Locator_us-gaap_ExternalCreditRatingByGroupingAxis_4414" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeTable_4413" xlink:to="Locator_us-gaap_ExternalCreditRatingByGroupingAxis_4414" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingAxis" xlink:label="Locator_us-gaap_ExternalCreditRatingByGroupingAxis_4423" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingDomain" xlink:label="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_4424" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ExternalCreditRatingByGroupingAxis_4423" xlink:to="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_4424" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="Locator_us-gaap_DerivativeTable_4415" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="Locator_us-gaap_StatementBusinessSegmentsAxis_4416" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeTable_4415" xlink:to="Locator_us-gaap_StatementBusinessSegmentsAxis_4416" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="Locator_us-gaap_DerivativeTable_4417" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditDerivativesByContractTypeAxis" xlink:label="Locator_us-gaap_CreditDerivativesByContractTypeAxis_4418" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeTable_4417" xlink:to="Locator_us-gaap_CreditDerivativesByContractTypeAxis_4418" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditDerivativesByContractTypeAxis" xlink:label="Locator_us-gaap_CreditDerivativesByContractTypeAxis_4435" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditDerivativesContractTypeDomain" xlink:label="Locator_us-gaap_CreditDerivativesContractTypeDomain_4436" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CreditDerivativesByContractTypeAxis_4435" xlink:to="Locator_us-gaap_CreditDerivativesContractTypeDomain_4436" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditDerivativesContractTypeDomain" xlink:label="Locator_us-gaap_CreditDerivativesContractTypeDomain_4437" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditDefaultSwapMember" xlink:label="Locator_us-gaap_CreditDefaultSwapMember_4438" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CreditDerivativesContractTypeDomain_4437" xlink:to="Locator_us-gaap_CreditDefaultSwapMember_4438" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditDerivativesContractTypeDomain" xlink:label="Locator_us-gaap_CreditDerivativesContractTypeDomain_4439" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuredSwapsMember" xlink:label="Locator_mbi_InsuredSwapsMember_4440" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CreditDerivativesContractTypeDomain_4439" xlink:to="Locator_mbi_InsuredSwapsMember_4440" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditDerivativesContractTypeDomain" xlink:label="Locator_us-gaap_CreditDerivativesContractTypeDomain_4441" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherCreditDerivativesMember" xlink:label="Locator_us-gaap_OtherCreditDerivativesMember_4442" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CreditDerivativesContractTypeDomain_4441" xlink:to="Locator_us-gaap_OtherCreditDerivativesMember_4442" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditDerivativesContractTypeDomain" xlink:label="Locator_us-gaap_CreditDerivativesContractTypeDomain_4443" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonInsuredCreditDefaultSwapsVIEMember" xlink:label="Locator_mbi_NonInsuredCreditDefaultSwapsVIEMember_4444" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CreditDerivativesContractTypeDomain_4443" xlink:to="Locator_mbi_NonInsuredCreditDefaultSwapsVIEMember_4444" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="Locator_us-gaap_DerivativeTable_4411" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4412" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeTable_4411" xlink:to="Locator_us-gaap_DerivativeLineItems_4412" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4357" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears" xlink:label="Locator_mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears_4358" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4357" xlink:to="Locator_mbi_WeightedAverageRemainingMaturityCreditDerivativesInYears_4358" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4361" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue" xlink:label="Locator_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue_4362" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4361" xlink:to="Locator_us-gaap_CreditRiskDerivativeLiabilitiesAtFairValue_4362" order="3.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4359" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_DerivativeNotionalAmount" xlink:label="Locator_invest_DerivativeNotionalAmount_4360" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4359" xlink:to="Locator_invest_DerivativeNotionalAmount_4360" order="2.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureDerivativeInstrumentsNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="Locator_us-gaap_BalanceSheetLocationAxis_4531" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="Locator_us-gaap_BalanceSheetLocationDomain_4532" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BalanceSheetLocationAxis_4531" xlink:to="Locator_us-gaap_BalanceSheetLocationDomain_4532" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="Locator_us-gaap_BalanceSheetLocationDomain_4535" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLiabilitiesMember" xlink:label="Locator_us-gaap_OtherLiabilitiesMember_4536" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BalanceSheetLocationDomain_4535" xlink:to="Locator_us-gaap_OtherLiabilitiesMember_4536" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="Locator_us-gaap_BalanceSheetLocationDomain_4541" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MediumTermNotesAndOtherInvestmentsMember" xlink:label="Locator_mbi_MediumTermNotesAndOtherInvestmentsMember_4542" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BalanceSheetLocationDomain_4541" xlink:to="Locator_mbi_MediumTermNotesAndOtherInvestmentsMember_4542" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="Locator_us-gaap_BalanceSheetLocationDomain_4533" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DerivativeLiabilitiesMember" xlink:label="Locator_mbi_DerivativeLiabilitiesMember_4534" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BalanceSheetLocationDomain_4533" xlink:to="Locator_mbi_DerivativeLiabilitiesMember_4534" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="Locator_us-gaap_BalanceSheetLocationDomain_4539" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MediumTermNotesMember" xlink:label="Locator_us-gaap_MediumTermNotesMember_4540" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BalanceSheetLocationDomain_4539" xlink:to="Locator_us-gaap_MediumTermNotesMember_4540" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="Locator_us-gaap_BalanceSheetLocationDomain_4537" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAssetsMember" xlink:label="Locator_us-gaap_OtherAssetsMember_4538" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BalanceSheetLocationDomain_4537" xlink:to="Locator_us-gaap_OtherAssetsMember_4538" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4445" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GuaranteeObligationsMaximumNetExposure" xlink:label="Locator_mbi_GuaranteeObligationsMaximumNetExposure_4446" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4445" xlink:to="Locator_mbi_GuaranteeObligationsMaximumNetExposure_4446" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4447" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DerivativesCededUnderReinsuranceAgreements" xlink:label="Locator_mbi_DerivativesCededUnderReinsuranceAgreements_4448" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4447" xlink:to="Locator_mbi_DerivativesCededUnderReinsuranceAgreements_4448" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4449" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimCash" xlink:label="Locator_us-gaap_DerivativeCollateralRightToReclaimCash_4450" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4449" xlink:to="Locator_us-gaap_DerivativeCollateralRightToReclaimCash_4450" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4451" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimSecurities" xlink:label="Locator_us-gaap_DerivativeCollateralRightToReclaimSecurities_4452" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4451" xlink:to="Locator_us-gaap_DerivativeCollateralRightToReclaimSecurities_4452" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4453" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NumberOfCreditSupportAnnexes" xlink:label="Locator_mbi_NumberOfCreditSupportAnnexes_4454" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4453" xlink:to="Locator_mbi_NumberOfCreditSupportAnnexes_4454" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4455" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueOfCreditSupportAnnexes" xlink:label="Locator_mbi_FairValueOfCreditSupportAnnexes_4456" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4455" xlink:to="Locator_mbi_FairValueOfCreditSupportAnnexes_4456" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4457" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DerivativeAssetCounterpartyNettingAmountFairValue" xlink:label="Locator_mbi_DerivativeAssetCounterpartyNettingAmountFairValue_4458" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4457" xlink:to="Locator_mbi_DerivativeAssetCounterpartyNettingAmountFairValue_4458" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4459" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting" xlink:label="Locator_mbi_DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting_4460" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4459" xlink:to="Locator_mbi_DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting_4460" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4461" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherAssetsAndDerivativeAssetsVieAfterCounterpartyNettingAndEmbeddedReclass" xlink:label="Locator_mbi_OtherAssetsAndDerivativeAssetsVieAfterCounterpartyNettingAndEmbeddedReclass_4462" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4461" xlink:to="Locator_mbi_OtherAssetsAndDerivativeAssetsVieAfterCounterpartyNettingAndEmbeddedReclass_4462" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4463" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DerivativeLiabilityCounterpartyNetting" xlink:label="Locator_mbi_DerivativeLiabilityCounterpartyNetting_4464" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4463" xlink:to="Locator_mbi_DerivativeLiabilityCounterpartyNetting_4464" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4465" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting" xlink:label="Locator_mbi_DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting_4466" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4465" xlink:to="Locator_mbi_DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting_4466" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4471" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherLiabilitiesAndDerivativeLiabilitiesVieAfterCounterpartyNettingAndEmbeddedReclass" xlink:label="Locator_mbi_OtherLiabilitiesAndDerivativeLiabilitiesVieAfterCounterpartyNettingAndEmbeddedReclass_4472" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4471" xlink:to="Locator_mbi_OtherLiabilitiesAndDerivativeLiabilitiesVieAfterCounterpartyNettingAndEmbeddedReclass_4472" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4467" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeAsset" xlink:label="Locator_us-gaap_DerivativeFairValueOfDerivativeAsset_4468" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4467" xlink:to="Locator_us-gaap_DerivativeFairValueOfDerivativeAsset_4468" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4469" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeLiability" xlink:label="Locator_us-gaap_DerivativeFairValueOfDerivativeLiability_4470" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4469" xlink:to="Locator_us-gaap_DerivativeFairValueOfDerivativeLiability_4470" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="Locator_us-gaap_DerivativeInstrumentRiskAxis_4543" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4544" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeInstrumentRiskAxis_4543" xlink:to="Locator_us-gaap_DerivativeContractTypeDomain_4544" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4545" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EmbeddedMember" xlink:label="Locator_mbi_EmbeddedMember_4546" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4545" xlink:to="Locator_mbi_EmbeddedMember_4546" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureDerivativeInstrumentsNarrativeAbstract" xlink:label="Locator_mbi_DisclosureDerivativeInstrumentsNarrativeAbstract_4475" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CashCollateralToDerivativeCounterpartiesTable" xlink:label="Locator_mbi_CashCollateralToDerivativeCounterpartiesTable_4476" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureDerivativeInstrumentsNarrativeAbstract_4475" xlink:to="Locator_mbi_CashCollateralToDerivativeCounterpartiesTable_4476" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CashCollateralToDerivativeCounterpartiesTable" xlink:label="Locator_mbi_CashCollateralToDerivativeCounterpartiesTable_4525" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4526" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_CashCollateralToDerivativeCounterpartiesTable_4525" xlink:to="Locator_us-gaap_DerivativeLineItems_4526" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CashCollateralToDerivativeCounterpartiesTable" xlink:label="Locator_mbi_CashCollateralToDerivativeCounterpartiesTable_4527" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="Locator_us-gaap_BalanceSheetLocationAxis_4528" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_CashCollateralToDerivativeCounterpartiesTable_4527" xlink:to="Locator_us-gaap_BalanceSheetLocationAxis_4528" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CashCollateralToDerivativeCounterpartiesTable" xlink:label="Locator_mbi_CashCollateralToDerivativeCounterpartiesTable_4529" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="Locator_us-gaap_DerivativeInstrumentRiskAxis_4530" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_CashCollateralToDerivativeCounterpartiesTable_4529" xlink:to="Locator_us-gaap_DerivativeInstrumentRiskAxis_4530" order="2.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureDerivativeInstrumentsTotalFairValueOfCompanysDerivativeAssetsAndLiabilitiesByInstrumentAndBalanceSheetLocationBeforeCounterpartyNettingDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="Locator_us-gaap_DerivativeTable_4701" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="Locator_us-gaap_BalanceSheetLocationAxis_4702" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeTable_4701" xlink:to="Locator_us-gaap_BalanceSheetLocationAxis_4702" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="Locator_us-gaap_BalanceSheetLocationAxis_4651" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="Locator_us-gaap_BalanceSheetLocationDomain_4652" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BalanceSheetLocationAxis_4651" xlink:to="Locator_us-gaap_BalanceSheetLocationDomain_4652" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="Locator_us-gaap_BalanceSheetLocationDomain_4653" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DerivativeLiabilitiesMember" xlink:label="Locator_mbi_DerivativeLiabilitiesMember_4654" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BalanceSheetLocationDomain_4653" xlink:to="Locator_mbi_DerivativeLiabilitiesMember_4654" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="Locator_us-gaap_BalanceSheetLocationDomain_4655" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DerivativeLiabilitiesVIEMember" xlink:label="Locator_mbi_DerivativeLiabilitiesVIEMember_4656" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BalanceSheetLocationDomain_4655" xlink:to="Locator_mbi_DerivativeLiabilitiesVIEMember_4656" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="Locator_us-gaap_BalanceSheetLocationDomain_4657" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MediumTermNotesMember" xlink:label="Locator_us-gaap_MediumTermNotesMember_4658" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BalanceSheetLocationDomain_4657" xlink:to="Locator_us-gaap_MediumTermNotesMember_4658" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="Locator_us-gaap_BalanceSheetLocationDomain_4659" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DerivativeLiabilitiesOtherInvestmentsMember" xlink:label="Locator_mbi_DerivativeLiabilitiesOtherInvestmentsMember_4660" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BalanceSheetLocationDomain_4659" xlink:to="Locator_mbi_DerivativeLiabilitiesOtherInvestmentsMember_4660" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="Locator_us-gaap_BalanceSheetLocationDomain_4661" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAssetsMember" xlink:label="Locator_us-gaap_OtherAssetsMember_4662" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BalanceSheetLocationDomain_4661" xlink:to="Locator_us-gaap_OtherAssetsMember_4662" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="Locator_us-gaap_BalanceSheetLocationDomain_4663" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DerivativeAssetsVIEMember" xlink:label="Locator_mbi_DerivativeAssetsVIEMember_4664" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BalanceSheetLocationDomain_4663" xlink:to="Locator_mbi_DerivativeAssetsVIEMember_4664" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="Locator_us-gaap_BalanceSheetLocationDomain_4665" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DerivativeAssetsMember" xlink:label="Locator_mbi_DerivativeAssetsMember_4666" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BalanceSheetLocationDomain_4665" xlink:to="Locator_mbi_DerivativeAssetsMember_4666" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="Locator_us-gaap_BalanceSheetLocationDomain_4667" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DerivativeAssetsOtherInvestmentsMember" xlink:label="Locator_mbi_DerivativeAssetsOtherInvestmentsMember_4668" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BalanceSheetLocationDomain_4667" xlink:to="Locator_mbi_DerivativeAssetsOtherInvestmentsMember_4668" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="Locator_us-gaap_BalanceSheetLocationDomain_4669" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherAssetsVIEMember" xlink:label="Locator_mbi_OtherAssetsVIEMember_4670" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_BalanceSheetLocationDomain_4669" xlink:to="Locator_mbi_OtherAssetsVIEMember_4670" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="Locator_us-gaap_DerivativeTable_4703" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HedgingDesignationAxis" xlink:label="Locator_us-gaap_HedgingDesignationAxis_4704" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeTable_4703" xlink:to="Locator_us-gaap_HedgingDesignationAxis_4704" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HedgingDesignationAxis" xlink:label="Locator_us-gaap_HedgingDesignationAxis_4705" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="Locator_us-gaap_HedgingDesignationDomain_4706" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HedgingDesignationAxis_4705" xlink:to="Locator_us-gaap_HedgingDesignationDomain_4706" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="Locator_us-gaap_HedgingDesignationDomain_4707" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DesignatedAsHedgingInstrumentMember" xlink:label="Locator_us-gaap_DesignatedAsHedgingInstrumentMember_4708" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HedgingDesignationDomain_4707" xlink:to="Locator_us-gaap_DesignatedAsHedgingInstrumentMember_4708" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="Locator_us-gaap_HedgingDesignationDomain_4709" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NondesignatedMember" xlink:label="Locator_us-gaap_NondesignatedMember_4710" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HedgingDesignationDomain_4709" xlink:to="Locator_us-gaap_NondesignatedMember_4710" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="Locator_us-gaap_DerivativeTable_4699" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4700" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeTable_4699" xlink:to="Locator_us-gaap_DerivativeLineItems_4700" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4547" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_DerivativeNotionalAmount" xlink:label="Locator_invest_DerivativeNotionalAmount_4548" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4547" xlink:to="Locator_invest_DerivativeNotionalAmount_4548" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4549" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DerivativeAssetsDesignatedAsHedgingInstrumentFairValue" xlink:label="Locator_mbi_DerivativeAssetsDesignatedAsHedgingInstrumentFairValue_4550" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4549" xlink:to="Locator_mbi_DerivativeAssetsDesignatedAsHedgingInstrumentFairValue_4550" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4551" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue" xlink:label="Locator_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue_4552" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4551" xlink:to="Locator_mbi_DerivativeAssetsNotDesignatedAsHedgingInstrumentFairValue_4552" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4553" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeAsset" xlink:label="Locator_us-gaap_DerivativeFairValueOfDerivativeAsset_4554" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4553" xlink:to="Locator_us-gaap_DerivativeFairValueOfDerivativeAsset_4554" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4555" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DerivativeLiabilitiesDesignatedAsHedgingInstrumentFairValue" xlink:label="Locator_mbi_DerivativeLiabilitiesDesignatedAsHedgingInstrumentFairValue_4556" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4555" xlink:to="Locator_mbi_DerivativeLiabilitiesDesignatedAsHedgingInstrumentFairValue_4556" order="5.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4557" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue" xlink:label="Locator_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue_4558" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4557" xlink:to="Locator_mbi_DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentFairValue_4558" order="6.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4559" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeLiability" xlink:label="Locator_us-gaap_DerivativeFairValueOfDerivativeLiability_4560" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4559" xlink:to="Locator_us-gaap_DerivativeFairValueOfDerivativeLiability_4560" order="7.0" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="Locator_us-gaap_DerivativeTable_4711" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="Locator_us-gaap_DerivativeInstrumentRiskAxis_4712" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeTable_4711" xlink:to="Locator_us-gaap_DerivativeInstrumentRiskAxis_4712" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="Locator_us-gaap_DerivativeInstrumentRiskAxis_4671" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4672" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeInstrumentRiskAxis_4671" xlink:to="Locator_us-gaap_DerivativeContractTypeDomain_4672" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4673" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InterestRateSwapsEmbeddedMember" xlink:label="Locator_mbi_InterestRateSwapsEmbeddedMember_4674" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4673" xlink:to="Locator_mbi_InterestRateSwapsEmbeddedMember_4674" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4675" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AllOtherMember" xlink:label="Locator_mbi_AllOtherMember_4676" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4675" xlink:to="Locator_mbi_AllOtherMember_4676" order="11.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4677" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AllOtherEmbeddedMember" xlink:label="Locator_mbi_AllOtherEmbeddedMember_4678" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4677" xlink:to="Locator_mbi_AllOtherEmbeddedMember_4678" order="13.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4679" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditDefaultSwapMember" xlink:label="Locator_us-gaap_CreditDefaultSwapMember_4680" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4679" xlink:to="Locator_us-gaap_CreditDefaultSwapMember_4680" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4681" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonInsuredCreditDefaultSwapsMember" xlink:label="Locator_mbi_NonInsuredCreditDefaultSwapsMember_4682" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4681" xlink:to="Locator_mbi_NonInsuredCreditDefaultSwapsMember_4682" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4683" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonInsuredCreditDefaultSwapsVIEMember" xlink:label="Locator_mbi_NonInsuredCreditDefaultSwapsVIEMember_4684" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4683" xlink:to="Locator_mbi_NonInsuredCreditDefaultSwapsVIEMember_4684" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4685" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="Locator_us-gaap_InterestRateSwapMember_4686" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4685" xlink:to="Locator_us-gaap_InterestRateSwapMember_4686" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4687" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InterestRateSwapsVIEMember" xlink:label="Locator_mbi_InterestRateSwapsVIEMember_4688" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4687" xlink:to="Locator_mbi_InterestRateSwapsVIEMember_4688" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4689" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CurrencySwapMember" xlink:label="Locator_us-gaap_CurrencySwapMember_4690" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4689" xlink:to="Locator_us-gaap_CurrencySwapMember_4690" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4691" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CurrencySwapsVieMember" xlink:label="Locator_mbi_CurrencySwapsVieMember_4692" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4691" xlink:to="Locator_mbi_CurrencySwapsVieMember_4692" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4693" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherCreditDerivativesMember" xlink:label="Locator_us-gaap_OtherCreditDerivativesMember_4694" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4693" xlink:to="Locator_us-gaap_OtherCreditDerivativesMember_4694" order="10.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4695" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AllOtherVIEMember" xlink:label="Locator_mbi_AllOtherVIEMember_4696" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4695" xlink:to="Locator_mbi_AllOtherVIEMember_4696" order="12.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4697" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuredSwapsMember" xlink:label="Locator_mbi_InsuredSwapsMember_4698" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4697" xlink:to="Locator_mbi_InsuredSwapsMember_4698" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureDerivativeInstrumentsTotalFairValueOfCompanysDerivativeAssetsAndLiabilitiesByInstrumentAndBalanceSheetLocationBeforeCounterpartyNettingAbstract" xlink:label="Locator_mbi_DisclosureDerivativeInstrumentsTotalFairValueOfCompanysDerivativeAssetsAndLiabilitiesByInstrumentAndBalanceSheetLocationBeforeCounterpartyNettingAbstract_4649" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="Locator_us-gaap_DerivativeTable_4650" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureDerivativeInstrumentsTotalFairValueOfCompanysDerivativeAssetsAndLiabilitiesByInstrumentAndBalanceSheetLocationBeforeCounterpartyNettingAbstract_4649" xlink:to="Locator_us-gaap_DerivativeTable_4650" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureDerivativeInstrumentsEffectOfDerivativeInstrumentsOnConsolidatedStatementsOfOperationsDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="Locator_us-gaap_DerivativeTable_4819" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4820" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeTable_4819" xlink:to="Locator_us-gaap_DerivativeLineItems_4820" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4713" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GainLossOnDerivativesRecognizedInIncome" xlink:label="Locator_mbi_GainLossOnDerivativesRecognizedInIncome_4714" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4713" xlink:to="Locator_mbi_GainLossOnDerivativesRecognizedInIncome_4714" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4715" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings" xlink:label="Locator_us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_4716" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4715" xlink:to="Locator_us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_4716" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="Locator_us-gaap_DerivativeLineItems_4717" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet" xlink:label="Locator_us-gaap_DerivativeGainLossOnDerivativeNet_4718" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeLineItems_4717" xlink:to="Locator_us-gaap_DerivativeGainLossOnDerivativeNet_4718" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="Locator_us-gaap_DerivativeTable_4821" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="Locator_us-gaap_IncomeStatementLocationAxis_4822" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeTable_4821" xlink:to="Locator_us-gaap_IncomeStatementLocationAxis_4822" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="Locator_us-gaap_IncomeStatementLocationAxis_4783" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="Locator_us-gaap_IncomeStatementLocationDomain_4784" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeStatementLocationAxis_4783" xlink:to="Locator_us-gaap_IncomeStatementLocationDomain_4784" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="Locator_us-gaap_IncomeStatementLocationDomain_4785" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UnrealizedGainsLossesOnInsuredDerivativesMember" xlink:label="Locator_mbi_UnrealizedGainsLossesOnInsuredDerivativesMember_4786" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeStatementLocationDomain_4785" xlink:to="Locator_mbi_UnrealizedGainsLossesOnInsuredDerivativesMember_4786" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="Locator_us-gaap_IncomeStatementLocationDomain_4787" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesMember" xlink:label="Locator_mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesMember_4788" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeStatementLocationDomain_4787" xlink:to="Locator_mbi_RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesMember_4788" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="Locator_us-gaap_IncomeStatementLocationDomain_4789" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember" xlink:label="Locator_us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember_4790" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeStatementLocationDomain_4789" xlink:to="Locator_us-gaap_ForeignExchangeAndOtherDerivativeFinancialInstrumentsMember_4790" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="Locator_us-gaap_IncomeStatementLocationDomain_4791" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ForeignExchangeAndOtherDerivativeFinancialInstrumentsAttributableToVIEMember" xlink:label="Locator_mbi_ForeignExchangeAndOtherDerivativeFinancialInstrumentsAttributableToVIEMember_4792" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeStatementLocationDomain_4791" xlink:to="Locator_mbi_ForeignExchangeAndOtherDerivativeFinancialInstrumentsAttributableToVIEMember_4792" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="Locator_us-gaap_IncomeStatementLocationDomain_4793" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InterestIncomeExpenseMember" xlink:label="Locator_mbi_InterestIncomeExpenseMember_4794" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeStatementLocationDomain_4793" xlink:to="Locator_mbi_InterestIncomeExpenseMember_4794" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="Locator_us-gaap_DerivativeTable_4823" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="Locator_us-gaap_DerivativeInstrumentRiskAxis_4824" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeTable_4823" xlink:to="Locator_us-gaap_DerivativeInstrumentRiskAxis_4824" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="Locator_us-gaap_DerivativeInstrumentRiskAxis_4795" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4796" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeInstrumentRiskAxis_4795" xlink:to="Locator_us-gaap_DerivativeContractTypeDomain_4796" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4797" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditDefaultSwapMember" xlink:label="Locator_us-gaap_CreditDefaultSwapMember_4798" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4797" xlink:to="Locator_us-gaap_CreditDefaultSwapMember_4798" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4799" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonInsuredCreditDefaultSwapsMember" xlink:label="Locator_mbi_NonInsuredCreditDefaultSwapsMember_4800" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4799" xlink:to="Locator_mbi_NonInsuredCreditDefaultSwapsMember_4800" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4801" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonInsuredCreditDefaultSwapsVIEMember" xlink:label="Locator_mbi_NonInsuredCreditDefaultSwapsVIEMember_4802" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4801" xlink:to="Locator_mbi_NonInsuredCreditDefaultSwapsVIEMember_4802" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4803" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="Locator_us-gaap_InterestRateSwapMember_4804" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4803" xlink:to="Locator_us-gaap_InterestRateSwapMember_4804" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4805" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InterestRateSwapsVIEMember" xlink:label="Locator_mbi_InterestRateSwapsVIEMember_4806" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4805" xlink:to="Locator_mbi_InterestRateSwapsVIEMember_4806" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4807" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CurrencySwapMember" xlink:label="Locator_us-gaap_CurrencySwapMember_4808" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4807" xlink:to="Locator_us-gaap_CurrencySwapMember_4808" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4809" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CurrencySwapsVieMember" xlink:label="Locator_mbi_CurrencySwapsVieMember_4810" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4809" xlink:to="Locator_mbi_CurrencySwapsVieMember_4810" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4811" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherCreditDerivativesMember" xlink:label="Locator_us-gaap_OtherCreditDerivativesMember_4812" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4811" xlink:to="Locator_us-gaap_OtherCreditDerivativesMember_4812" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4813" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AllOtherVIEMember" xlink:label="Locator_mbi_AllOtherVIEMember_4814" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4813" xlink:to="Locator_mbi_AllOtherVIEMember_4814" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4815" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuredSwapsMember" xlink:label="Locator_mbi_InsuredSwapsMember_4816" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4815" xlink:to="Locator_mbi_InsuredSwapsMember_4816" order="10.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="Locator_us-gaap_DerivativeContractTypeDomain_4817" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommodityIndexLinkedNotesMember" xlink:label="Locator_us-gaap_CommodityIndexLinkedNotesMember_4818" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeContractTypeDomain_4817" xlink:to="Locator_us-gaap_CommodityIndexLinkedNotesMember_4818" order="11.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="Locator_us-gaap_DerivativeTable_4825" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:label="Locator_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_4826" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeTable_4825" xlink:to="Locator_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_4826" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:label="Locator_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_4827" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="Locator_us-gaap_HedgingRelationshipDomain_4828" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_4827" xlink:to="Locator_us-gaap_HedgingRelationshipDomain_4828" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="Locator_us-gaap_HedgingRelationshipDomain_4829" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NondesignatedMember" xlink:label="Locator_us-gaap_NondesignatedMember_4830" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HedgingRelationshipDomain_4829" xlink:to="Locator_us-gaap_NondesignatedMember_4830" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="Locator_us-gaap_HedgingRelationshipDomain_4831" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueHedgingMember" xlink:label="Locator_us-gaap_FairValueHedgingMember_4832" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HedgingRelationshipDomain_4831" xlink:to="Locator_us-gaap_FairValueHedgingMember_4832" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureDerivativeInstrumentsEffectOfDerivativeInstrumentsOnConsolidatedStatementsOfOperationsAbstract" xlink:label="Locator_mbi_DisclosureDerivativeInstrumentsEffectOfDerivativeInstrumentsOnConsolidatedStatementsOfOperationsAbstract_4781" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="Locator_us-gaap_DerivativeTable_4782" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureDerivativeInstrumentsEffectOfDerivativeInstrumentsOnConsolidatedStatementsOfOperationsAbstract_4781" xlink:to="Locator_us-gaap_DerivativeTable_4782" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureIncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesDetail">
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureIncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesAbstract" xlink:label="Locator_mbi_DisclosureIncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesAbstract_4833" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies" xlink:label="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies_4834" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureIncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesAbstract_4833" xlink:to="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies_4834" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureIncomeTaxesNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_4941" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_4942" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_4941" xlink:to="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_4942" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_4943" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesMember" xlink:label="Locator_mbi_NonVariableInterestEntitiesMember_4944" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_4943" xlink:to="Locator_mbi_NonVariableInterestEntitiesMember_4944" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureIncomeTaxesNarrativeAbstract" xlink:label="Locator_mbi_DisclosureIncomeTaxesNarrativeAbstract_4883" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="Locator_us-gaap_ScheduleOfVariableInterestEntitiesTable_4884" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureIncomeTaxesNarrativeAbstract_4883" xlink:to="Locator_us-gaap_ScheduleOfVariableInterestEntitiesTable_4884" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="Locator_us-gaap_ScheduleOfVariableInterestEntitiesTable_4937" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4938" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfVariableInterestEntitiesTable_4937" xlink:to="Locator_mbi_NonVariableInterestEntitiesLineItems_4938" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4835" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:label="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_4836" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4835" xlink:to="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_4836" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4837" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="Locator_us-gaap_DeferredTaxAssetsNet_4838" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4837" xlink:to="Locator_us-gaap_DeferredTaxAssetsNet_4838" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4839" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsLiabilitiesNet" xlink:label="Locator_us-gaap_DeferredTaxAssetsLiabilitiesNet_4840" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4839" xlink:to="Locator_us-gaap_DeferredTaxAssetsLiabilitiesNet_4840" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4841" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilities" xlink:label="Locator_us-gaap_DeferredTaxLiabilities_4842" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4841" xlink:to="Locator_us-gaap_DeferredTaxLiabilities_4842" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4843" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense" xlink:label="Locator_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense_4844" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4843" xlink:to="Locator_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense_4844" order="5.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4845" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsValuationAllowance" xlink:label="Locator_us-gaap_DeferredTaxAssetsValuationAllowance_4846" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4845" xlink:to="Locator_us-gaap_DeferredTaxAssetsValuationAllowance_4846" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4847" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount" xlink:label="Locator_us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount_4848" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4847" xlink:to="Locator_us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount_4848" order="7.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4849" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CapitalLossesCarryForwardPeriodInYears" xlink:label="Locator_mbi_CapitalLossesCarryForwardPeriodInYears_4850" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4849" xlink:to="Locator_mbi_CapitalLossesCarryForwardPeriodInYears_4850" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4851" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TaxableIncomeProjectionYears" xlink:label="Locator_mbi_TaxableIncomeProjectionYears_4852" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4851" xlink:to="Locator_mbi_TaxableIncomeProjectionYears_4852" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4853" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MaximumTaxableIncomeProjectionYears" xlink:label="Locator_mbi_MaximumTaxableIncomeProjectionYears_4854" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4853" xlink:to="Locator_mbi_MaximumTaxableIncomeProjectionYears_4854" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4855" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DeferredTaxAssetsUnrealizedLossesOnInvestments" xlink:label="Locator_mbi_DeferredTaxAssetsUnrealizedLossesOnInvestments_4856" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4855" xlink:to="Locator_mbi_DeferredTaxAssetsUnrealizedLossesOnInvestments_4856" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4857" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UnrealizableDeferredTaxAssets" xlink:label="Locator_mbi_UnrealizableDeferredTaxAssets_4858" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4857" xlink:to="Locator_mbi_UnrealizableDeferredTaxAssets_4858" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4859" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:label="Locator_us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_4860" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4859" xlink:to="Locator_us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_4860" order="13.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4861" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IncreaseDecreaseInAccumulatedOtherComprehensiveIncomeLossBalancesNetOfTaxEffects" xlink:label="Locator_mbi_IncreaseDecreaseInAccumulatedOtherComprehensiveIncomeLossBalancesNetOfTaxEffects_4862" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4861" xlink:to="Locator_mbi_IncreaseDecreaseInAccumulatedOtherComprehensiveIncomeLossBalancesNetOfTaxEffects_4862" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4863" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInIncomeTaxesReceivable" xlink:label="Locator_us-gaap_IncreaseDecreaseInIncomeTaxesReceivable_4864" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4863" xlink:to="Locator_us-gaap_IncreaseDecreaseInIncomeTaxesReceivable_4864" order="15.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4865" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IncreaseDecreaseInNetIncomeLoss" xlink:label="Locator_mbi_IncreaseDecreaseInNetIncomeLoss_4866" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4865" xlink:to="Locator_mbi_IncreaseDecreaseInNetIncomeLoss_4866" order="16.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4867" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UndistributedEarningsOfForeignSubsidiaries" xlink:label="Locator_us-gaap_UndistributedEarningsOfForeignSubsidiaries_4868" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4867" xlink:to="Locator_us-gaap_UndistributedEarningsOfForeignSubsidiaries_4868" order="17.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4869" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EstimatedTaxLiabilityOnUndistributedEarningsOfForeignSubsidiary" xlink:label="Locator_mbi_EstimatedTaxLiabilityOnUndistributedEarningsOfForeignSubsidiary_4870" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4869" xlink:to="Locator_mbi_EstimatedTaxLiabilityOnUndistributedEarningsOfForeignSubsidiary_4870" order="18.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4871" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsCapitalLossCarryforwards" xlink:label="Locator_us-gaap_DeferredTaxAssetsCapitalLossCarryforwards_4872" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4871" xlink:to="Locator_us-gaap_DeferredTaxAssetsCapitalLossCarryforwards_4872" order="19.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4873" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLossCarryforwards" xlink:label="Locator_us-gaap_OperatingLossCarryforwards_4874" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4873" xlink:to="Locator_us-gaap_OperatingLossCarryforwards_4874" order="20.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4875" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsOther" xlink:label="Locator_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsOther_4876" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4875" xlink:to="Locator_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsOther_4876" order="21.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4877" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign" xlink:label="Locator_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign_4878" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4877" xlink:to="Locator_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign_4878" order="22.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesLineItems" xlink:label="Locator_mbi_NonVariableInterestEntitiesLineItems_4879" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax" xlink:label="Locator_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax_4880" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NonVariableInterestEntitiesLineItems_4879" xlink:to="Locator_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax_4880" order="23.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="Locator_us-gaap_ScheduleOfVariableInterestEntitiesTable_4939" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_4940" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfVariableInterestEntitiesTable_4939" xlink:to="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_4940" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/IncomeTaxesChangeInUnrecognizedTaxBenefitsDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:label="Locator_us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_4947" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:label="Locator_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_4948" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_4947" xlink:to="Locator_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_4948" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:label="Locator_us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_4949" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions" xlink:label="Locator_us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions_4950" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_4949" xlink:to="Locator_us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions_4950" order="3.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:label="Locator_us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_4951" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" xlink:label="Locator_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions_4952" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_4951" xlink:to="Locator_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions_4952" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:label="Locator_us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_4953" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions" xlink:label="Locator_us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions_4954" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_4953" xlink:to="Locator_us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions_4954" order="5.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:label="Locator_us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_4955" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities" xlink:label="Locator_us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities_4956" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_4955" xlink:to="Locator_us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities_4956" order="6.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:label="Locator_us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_4957" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:label="Locator_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_4958" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_4957" xlink:to="Locator_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_4958" order="7.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:label="Locator_us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_4945" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefits" xlink:label="Locator_us-gaap_UnrecognizedTaxBenefits_4946" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_4945" xlink:to="Locator_us-gaap_UnrecognizedTaxBenefits_4946" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:label="Locator_us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_4959" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrecognizedTaxBenefits" xlink:label="Locator_us-gaap_UnrecognizedTaxBenefits_4960" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward_4959" xlink:to="Locator_us-gaap_UnrecognizedTaxBenefits_4960" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/BusinessSegmentsSummaryOfPremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementGeographicalAxis" xlink:label="Locator_us-gaap_StatementGeographicalAxis_4993" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_4994" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementGeographicalAxis_4993" xlink:to="Locator_us-gaap_SegmentGeographicalDomain_4994" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_4995" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_GB" xlink:label="Locator_country_GB_4996" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_4995" xlink:to="Locator_country_GB_4996" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_4997" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EuropeExcludingUnitedKingdomMember" xlink:label="Locator_mbi_EuropeExcludingUnitedKingdomMember_4998" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_4997" xlink:to="Locator_mbi_EuropeExcludingUnitedKingdomMember_4998" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_4999" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CentralAndSouthAmericaMember" xlink:label="Locator_mbi_CentralAndSouthAmericaMember_5000" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_4999" xlink:to="Locator_mbi_CentralAndSouthAmericaMember_5000" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_5001" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AsiaMember" xlink:label="Locator_us-gaap_AsiaMember_5002" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_5001" xlink:to="Locator_us-gaap_AsiaMember_5002" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_5003" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherLocationsMember" xlink:label="Locator_mbi_OtherLocationsMember_5004" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_5003" xlink:to="Locator_mbi_OtherLocationsMember_5004" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_5005" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InternationallyDiversifiedMember" xlink:label="Locator_mbi_InternationallyDiversifiedMember_5006" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_5005" xlink:to="Locator_mbi_InternationallyDiversifiedMember_5006" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_5007" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_US" xlink:label="Locator_country_US_5008" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_5007" xlink:to="Locator_country_US_5008" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="Locator_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_4991" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementGeographicalAxis" xlink:label="Locator_us-gaap_StatementGeographicalAxis_4992" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_4991" xlink:to="Locator_us-gaap_StatementGeographicalAxis_4992" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="Locator_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_4989" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_4990" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_4989" xlink:to="Locator_us-gaap_SegmentReportingInformationLineItems_4990" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_4961" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives" xlink:label="Locator_mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives_4962" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_4961" xlink:to="Locator_mbi_PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives_4962" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureBusinessSegmentsSummaryOfPremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskAbstract" xlink:label="Locator_mbi_DisclosureBusinessSegmentsSummaryOfPremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskAbstract_4987" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="Locator_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_4988" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureBusinessSegmentsSummaryOfPremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskAbstract_4987" xlink:to="Locator_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_4988" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureEarningsPerShareComputationOfBasicAndDilutedEarningsPerShareDetail">
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureEarningsPerShareScheduleOfBasicAndDilutedEarningsPerShareAbstract" xlink:label="Locator_mbi_DisclosureEarningsPerShareScheduleOfBasicAndDilutedEarningsPerShareAbstract_5009" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="Locator_us-gaap_EarningsPerShareBasicAbstract_5010" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureEarningsPerShareScheduleOfBasicAndDilutedEarningsPerShareAbstract_5009" xlink:to="Locator_us-gaap_EarningsPerShareBasicAbstract_5010" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="Locator_us-gaap_EarningsPerShareBasicAbstract_5015" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="Locator_us-gaap_NetIncomeLoss_5016" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EarningsPerShareBasicAbstract_5015" xlink:to="Locator_us-gaap_NetIncomeLoss_5016" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="Locator_us-gaap_EarningsPerShareBasicAbstract_5017" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic" xlink:label="Locator_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic_5018" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EarningsPerShareBasicAbstract_5017" xlink:to="Locator_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic_5018" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="Locator_us-gaap_EarningsPerShareBasicAbstract_5019" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="Locator_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_5020" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EarningsPerShareBasicAbstract_5019" xlink:to="Locator_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_5020" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="Locator_us-gaap_EarningsPerShareBasicAbstract_5021" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="Locator_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_5022" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EarningsPerShareBasicAbstract_5021" xlink:to="Locator_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_5022" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="Locator_us-gaap_EarningsPerShareBasicAbstract_5023" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="Locator_us-gaap_EarningsPerShareBasic_5024" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EarningsPerShareBasicAbstract_5023" xlink:to="Locator_us-gaap_EarningsPerShareBasic_5024" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureEarningsPerShareScheduleOfBasicAndDilutedEarningsPerShareAbstract" xlink:label="Locator_mbi_DisclosureEarningsPerShareScheduleOfBasicAndDilutedEarningsPerShareAbstract_5011" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="Locator_us-gaap_EarningsPerShareDilutedAbstract_5012" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureEarningsPerShareScheduleOfBasicAndDilutedEarningsPerShareAbstract_5011" xlink:to="Locator_us-gaap_EarningsPerShareDilutedAbstract_5012" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="Locator_us-gaap_EarningsPerShareDilutedAbstract_5025" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="Locator_us-gaap_NetIncomeLoss_5026" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EarningsPerShareDilutedAbstract_5025" xlink:to="Locator_us-gaap_NetIncomeLoss_5026" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="Locator_us-gaap_EarningsPerShareDilutedAbstract_5027" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted" xlink:label="Locator_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted_5028" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EarningsPerShareDilutedAbstract_5027" xlink:to="Locator_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted_5028" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="Locator_us-gaap_EarningsPerShareDilutedAbstract_5029" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAdjustmentOfWarrants" xlink:label="Locator_us-gaap_FairValueAdjustmentOfWarrants_5030" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EarningsPerShareDilutedAbstract_5029" xlink:to="Locator_us-gaap_FairValueAdjustmentOfWarrants_5030" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="Locator_us-gaap_EarningsPerShareDilutedAbstract_5031" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:label="Locator_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_5032" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EarningsPerShareDilutedAbstract_5031" xlink:to="Locator_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_5032" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="Locator_us-gaap_EarningsPerShareDilutedAbstract_5033" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="Locator_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_5034" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EarningsPerShareDilutedAbstract_5033" xlink:to="Locator_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_5034" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="Locator_us-gaap_EarningsPerShareDilutedAbstract_5035" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="Locator_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_5036" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EarningsPerShareDilutedAbstract_5035" xlink:to="Locator_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_5036" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="Locator_us-gaap_EarningsPerShareDilutedAbstract_5037" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToCallOptionsAndWarrants" xlink:label="Locator_us-gaap_IncrementalCommonSharesAttributableToCallOptionsAndWarrants_5038" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EarningsPerShareDilutedAbstract_5037" xlink:to="Locator_us-gaap_IncrementalCommonSharesAttributableToCallOptionsAndWarrants_5038" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="Locator_us-gaap_EarningsPerShareDilutedAbstract_5039" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="Locator_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_5040" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EarningsPerShareDilutedAbstract_5039" xlink:to="Locator_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_5040" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="Locator_us-gaap_EarningsPerShareDilutedAbstract_5041" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="Locator_us-gaap_EarningsPerShareDiluted_5042" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EarningsPerShareDilutedAbstract_5041" xlink:to="Locator_us-gaap_EarningsPerShareDiluted_5042" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureEarningsPerShareScheduleOfBasicAndDilutedEarningsPerShareAbstract" xlink:label="Locator_mbi_DisclosureEarningsPerShareScheduleOfBasicAndDilutedEarningsPerShareAbstract_5013" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition" xlink:label="Locator_mbi_UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition_5014" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureEarningsPerShareScheduleOfBasicAndDilutedEarningsPerShareAbstract_5013" xlink:to="Locator_mbi_UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition_5014" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureCommitmentsAndContingenciesNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_5095" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_5096" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_5095" xlink:to="Locator_dei_EntityDomain_5096" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_5097" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NationalMember" xlink:label="Locator_mbi_NationalMember_5098" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_5097" xlink:to="Locator_mbi_NationalMember_5098" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="Locator_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_5053" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NumberOfOtherLawsuits" xlink:label="Locator_mbi_NumberOfOtherLawsuits_5054" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_5053" xlink:to="Locator_mbi_NumberOfOtherLawsuits_5054" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="Locator_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_5055" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NumberOfOperatingLeaseTermExtensions" xlink:label="Locator_mbi_NumberOfOperatingLeaseTermExtensions_5056" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_5055" xlink:to="Locator_mbi_NumberOfOperatingLeaseTermExtensions_5056" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="Locator_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_5057" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LesseeLeasingArrangementsOperatingLeasesRenewalTerm" xlink:label="Locator_us-gaap_LesseeLeasingArrangementsOperatingLeasesRenewalTerm_5058" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_5057" xlink:to="Locator_us-gaap_LesseeLeasingArrangementsOperatingLeasesRenewalTerm_5058" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="Locator_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_5059" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:label="Locator_us-gaap_OperatingLeasesFutureMinimumPaymentsDue_5060" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_5059" xlink:to="Locator_us-gaap_OperatingLeasesFutureMinimumPaymentsDue_5060" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="Locator_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_5061" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LeaseIncentives" xlink:label="Locator_mbi_LeaseIncentives_5062" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_5061" xlink:to="Locator_mbi_LeaseIncentives_5062" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="Locator_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_5063" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingenciesTable" xlink:label="Locator_us-gaap_LossContingenciesTable_5064" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_5063" xlink:to="Locator_us-gaap_LossContingenciesTable_5064" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingenciesTable" xlink:label="Locator_us-gaap_LossContingenciesTable_5085" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingenciesLineItems" xlink:label="Locator_us-gaap_LossContingenciesLineItems_5086" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LossContingenciesTable_5085" xlink:to="Locator_us-gaap_LossContingenciesLineItems_5086" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingenciesLineItems" xlink:label="Locator_us-gaap_LossContingenciesLineItems_5065" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CityOfDetroitUtgoBonds" xlink:label="Locator_mbi_CityOfDetroitUtgoBonds_5066" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LossContingenciesLineItems_5065" xlink:to="Locator_mbi_CityOfDetroitUtgoBonds_5066" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingenciesTable" xlink:label="Locator_us-gaap_LossContingenciesTable_5087" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:label="Locator_us-gaap_LossContingenciesByNatureOfContingencyAxis_5088" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LossContingenciesTable_5087" xlink:to="Locator_us-gaap_LossContingenciesByNatureOfContingencyAxis_5088" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:label="Locator_us-gaap_LossContingenciesByNatureOfContingencyAxis_5091" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="Locator_us-gaap_LossContingencyNatureDomain_5092" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LossContingenciesByNatureOfContingencyAxis_5091" xlink:to="Locator_us-gaap_LossContingencyNatureDomain_5092" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="Locator_us-gaap_LossContingencyNatureDomain_5093" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ReinstatedMember" xlink:label="Locator_mbi_ReinstatedMember_5094" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LossContingencyNatureDomain_5093" xlink:to="Locator_mbi_ReinstatedMember_5094" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingenciesTable" xlink:label="Locator_us-gaap_LossContingenciesTable_5089" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_5090" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LossContingenciesTable_5089" xlink:to="Locator_dei_LegalEntityAxis_5090" order="2.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureIncomeTaxesIncomeTaxesAndShareholdersEquityDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="Locator_us-gaap_IncomeTaxDisclosureAbstract_5099" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="Locator_us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract_5100" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeTaxDisclosureAbstract_5099" xlink:to="Locator_us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract_5100" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="Locator_us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract_5103" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="Locator_us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract_5104" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract_5103" xlink:to="Locator_us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract_5104" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="Locator_us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract_5109" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CurrentFederalTaxExpenseBenefit" xlink:label="Locator_us-gaap_CurrentFederalTaxExpenseBenefit_5110" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract_5109" xlink:to="Locator_us-gaap_CurrentFederalTaxExpenseBenefit_5110" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="Locator_us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract_5111" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:label="Locator_us-gaap_CurrentStateAndLocalTaxExpenseBenefit_5112" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract_5111" xlink:to="Locator_us-gaap_CurrentStateAndLocalTaxExpenseBenefit_5112" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="Locator_us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract_5113" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CurrentForeignTaxExpenseBenefit" xlink:label="Locator_us-gaap_CurrentForeignTaxExpenseBenefit_5114" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract_5113" xlink:to="Locator_us-gaap_CurrentForeignTaxExpenseBenefit_5114" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="Locator_us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract_5105" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="Locator_us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract_5106" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract_5105" xlink:to="Locator_us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract_5106" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="Locator_us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract_5115" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:label="Locator_us-gaap_DeferredFederalIncomeTaxExpenseBenefit_5116" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract_5115" xlink:to="Locator_us-gaap_DeferredFederalIncomeTaxExpenseBenefit_5116" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="Locator_us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract_5117" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:label="Locator_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_5118" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract_5117" xlink:to="Locator_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_5118" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="Locator_us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract_5119" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredForeignIncomeTaxExpenseBenefit" xlink:label="Locator_us-gaap_DeferredForeignIncomeTaxExpenseBenefit_5120" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract_5119" xlink:to="Locator_us-gaap_DeferredForeignIncomeTaxExpenseBenefit_5120" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="Locator_us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract_5107" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="Locator_us-gaap_IncomeTaxExpenseBenefit_5108" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAbstract_5107" xlink:to="Locator_us-gaap_IncomeTaxExpenseBenefit_5108" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="Locator_us-gaap_IncomeTaxDisclosureAbstract_5101" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract" xlink:label="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract_5102" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeTaxDisclosureAbstract_5101" xlink:to="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract_5102" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract" xlink:label="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract_5121" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityCumulativeEffectOfChangeInAccountingPrinciple" xlink:label="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityCumulativeEffectOfChangeInAccountingPrinciple_5122" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract_5121" xlink:to="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityCumulativeEffectOfChangeInAccountingPrinciple_5122" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract" xlink:label="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract_5123" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ChangeInUnrealizedGainLossOnInvestments" xlink:label="Locator_mbi_ChangeInUnrealizedGainLossOnInvestments_5124" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract_5123" xlink:to="Locator_mbi_ChangeInUnrealizedGainLossOnInvestments_5124" order="2.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract" xlink:label="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract_5125" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParent" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParent_5126" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract_5125" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParent_5126" order="3.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract" xlink:label="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract_5127" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax_5128" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract_5127" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax_5128" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract" xlink:label="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract_5129" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax_5130" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract_5129" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax_5130" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract" xlink:label="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract_5131" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost" xlink:label="Locator_us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost_5132" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract_5131" xlink:to="Locator_us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost_5132" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract" xlink:label="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract_5133" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquity" xlink:label="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquity_5134" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract_5133" xlink:to="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquity_5134" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract" xlink:label="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract_5135" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefitIntraperiodTaxAllocation" xlink:label="Locator_us-gaap_IncomeTaxExpenseBenefitIntraperiodTaxAllocation_5136" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityAbstract_5135" xlink:to="Locator_us-gaap_IncomeTaxExpenseBenefitIntraperiodTaxAllocation_5136" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureIncomeTaxesIncomeTaxRateReconciliationDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="Locator_us-gaap_IncomeTaxDisclosureAbstract_5165" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract" xlink:label="Locator_us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract_5166" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeTaxDisclosureAbstract_5165" xlink:to="Locator_us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract_5166" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract" xlink:label="Locator_us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract_5167" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:label="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_5168" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract_5167" xlink:to="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_5168" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract" xlink:label="Locator_us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract_5169" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract" xlink:label="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5170" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract_5169" xlink:to="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5170" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract" xlink:label="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5173" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome" xlink:label="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome_5174" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5173" xlink:to="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome_5174" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract" xlink:label="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5175" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EffectiveIncomeTaxRateReconciliationMarkToMarketOnWarrants" xlink:label="Locator_mbi_EffectiveIncomeTaxRateReconciliationMarkToMarketOnWarrants_5176" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5175" xlink:to="Locator_mbi_EffectiveIncomeTaxRateReconciliationMarkToMarketOnWarrants_5176" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract" xlink:label="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5177" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:label="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_5178" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5177" xlink:to="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_5178" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract" xlink:label="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5179" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EffectiveIncomeTaxrateReconciliationUncertainTaxPositions" xlink:label="Locator_mbi_EffectiveIncomeTaxrateReconciliationUncertainTaxPositions_5180" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5179" xlink:to="Locator_mbi_EffectiveIncomeTaxrateReconciliationUncertainTaxPositions_5180" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract" xlink:label="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5181" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes" xlink:label="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_5182" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5181" xlink:to="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_5182" order="5.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract" xlink:label="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5183" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes" xlink:label="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes_5184" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5183" xlink:to="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes_5184" order="6.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract" xlink:label="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5185" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EffectiveIncomeTaxRateReconciliationDeferredTaxInventoryAdjustment" xlink:label="Locator_mbi_EffectiveIncomeTaxRateReconciliationDeferredTaxInventoryAdjustment_5186" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5185" xlink:to="Locator_mbi_EffectiveIncomeTaxRateReconciliationDeferredTaxInventoryAdjustment_5186" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract" xlink:label="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5187" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential" xlink:label="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_5188" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5187" xlink:to="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential_5188" order="8.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract" xlink:label="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5189" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost" xlink:label="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost_5190" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5189" xlink:to="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost_5190" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract" xlink:label="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5191" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings" xlink:label="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings_5192" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5191" xlink:to="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings_5192" order="10.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract" xlink:label="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5193" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments" xlink:label="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_5194" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_EffectiveIncomeTaxRateReconciliationIncreaseReductionInTaxRatesAbstract_5193" xlink:to="Locator_us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_5194" order="11.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract" xlink:label="Locator_us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract_5171" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:label="Locator_us-gaap_EffectiveIncomeTaxRateContinuingOperations_5172" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract_5171" xlink:to="Locator_us-gaap_EffectiveIncomeTaxRateContinuingOperations_5172" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="Locator_us-gaap_IncomeTaxDisclosureAbstract_5219" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract" xlink:label="Locator_us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract_5220" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_IncomeTaxDisclosureAbstract_5219" xlink:to="Locator_us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract_5220" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract" xlink:label="Locator_us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract_5221" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesAbstract" xlink:label="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5222" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract_5221" xlink:to="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5222" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesAbstract" xlink:label="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5229" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DeferredTaxLiabilitiesUnearnedPremiumRevenue" xlink:label="Locator_mbi_DeferredTaxLiabilitiesUnearnedPremiumRevenue_5230" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5229" xlink:to="Locator_mbi_DeferredTaxLiabilitiesUnearnedPremiumRevenue_5230" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesAbstract" xlink:label="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5231" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DeferredTaxLiabilitiesLossReserves" xlink:label="Locator_mbi_DeferredTaxLiabilitiesLossReserves_5232" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5231" xlink:to="Locator_mbi_DeferredTaxLiabilitiesLossReserves_5232" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesAbstract" xlink:label="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5233" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DeferredTaxLiabilitiesDeferralOfCodIncome" xlink:label="Locator_mbi_DeferredTaxLiabilitiesDeferralOfCodIncome_5234" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5233" xlink:to="Locator_mbi_DeferredTaxLiabilitiesDeferralOfCodIncome_5234" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesAbstract" xlink:label="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5235" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesDeferredExpenseDeferredPolicyAcquisitionCost" xlink:label="Locator_us-gaap_DeferredTaxLiabilitiesDeferredExpenseDeferredPolicyAcquisitionCost_5236" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5235" xlink:to="Locator_us-gaap_DeferredTaxLiabilitiesDeferredExpenseDeferredPolicyAcquisitionCost_5236" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesAbstract" xlink:label="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5237" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates" xlink:label="Locator_us-gaap_DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates_5238" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5237" xlink:to="Locator_us-gaap_DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates_5238" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesAbstract" xlink:label="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5239" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesOtherComprehensiveIncome" xlink:label="Locator_us-gaap_DeferredTaxLiabilitiesOtherComprehensiveIncome_5240" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5239" xlink:to="Locator_us-gaap_DeferredTaxLiabilitiesOtherComprehensiveIncome_5240" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesAbstract" xlink:label="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5241" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesInvestments" xlink:label="Locator_us-gaap_DeferredTaxLiabilitiesInvestments_5242" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5241" xlink:to="Locator_us-gaap_DeferredTaxLiabilitiesInvestments_5242" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesAbstract" xlink:label="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5243" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesUndistributedForeignEarnings" xlink:label="Locator_us-gaap_DeferredTaxLiabilitiesUndistributedForeignEarnings_5244" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5243" xlink:to="Locator_us-gaap_DeferredTaxLiabilitiesUndistributedForeignEarnings_5244" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesAbstract" xlink:label="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5245" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesOther" xlink:label="Locator_us-gaap_DeferredTaxLiabilitiesOther_5246" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5245" xlink:to="Locator_us-gaap_DeferredTaxLiabilitiesOther_5246" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxLiabilitiesAbstract" xlink:label="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5247" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredIncomeTaxLiabilities" xlink:label="Locator_us-gaap_DeferredIncomeTaxLiabilities_5248" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxLiabilitiesAbstract_5247" xlink:to="Locator_us-gaap_DeferredIncomeTaxLiabilities_5248" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract" xlink:label="Locator_us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract_5223" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsGrossAbstract" xlink:label="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5224" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract_5223" xlink:to="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5224" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsGrossAbstract" xlink:label="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5249" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits" xlink:label="Locator_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits_5250" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5249" xlink:to="Locator_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits_5250" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsGrossAbstract" xlink:label="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5251" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities" xlink:label="Locator_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities_5252" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5251" xlink:to="Locator_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities_5252" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsGrossAbstract" xlink:label="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5253" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLossReserves" xlink:label="Locator_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLossReserves_5254" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5253" xlink:to="Locator_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLossReserves_5254" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsGrossAbstract" xlink:label="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5255" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DeferredTaxAssetsNolsAndTaxCreditCarryforwards" xlink:label="Locator_mbi_DeferredTaxAssetsNolsAndTaxCreditCarryforwards_5256" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5255" xlink:to="Locator_mbi_DeferredTaxAssetsNolsAndTaxCreditCarryforwards_5256" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsGrossAbstract" xlink:label="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5257" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DeferredTaxAssetsCapitalLossCarryforwardsAndOtherThanTemporaryImpairments" xlink:label="Locator_mbi_DeferredTaxAssetsCapitalLossCarryforwardsAndOtherThanTemporaryImpairments_5258" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5257" xlink:to="Locator_mbi_DeferredTaxAssetsCapitalLossCarryforwardsAndOtherThanTemporaryImpairments_5258" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsGrossAbstract" xlink:label="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5259" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DeferredTaxAssetsInsuredDerivatives" xlink:label="Locator_mbi_DeferredTaxAssetsInsuredDerivatives_5260" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5259" xlink:to="Locator_mbi_DeferredTaxAssetsInsuredDerivatives_5260" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsGrossAbstract" xlink:label="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5261" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsDerivativeInstruments" xlink:label="Locator_us-gaap_DeferredTaxAssetsDerivativeInstruments_5262" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5261" xlink:to="Locator_us-gaap_DeferredTaxAssetsDerivativeInstruments_5262" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsGrossAbstract" xlink:label="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5263" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsOtherComprehensiveLoss" xlink:label="Locator_us-gaap_DeferredTaxAssetsOtherComprehensiveLoss_5264" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5263" xlink:to="Locator_us-gaap_DeferredTaxAssetsOtherComprehensiveLoss_5264" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsGrossAbstract" xlink:label="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5265" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax" xlink:label="Locator_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax_5266" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5265" xlink:to="Locator_us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax_5266" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsGrossAbstract" xlink:label="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5267" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DeferredTaxAssetsVariableInterestEntities" xlink:label="Locator_mbi_DeferredTaxAssetsVariableInterestEntities_5268" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5267" xlink:to="Locator_mbi_DeferredTaxAssetsVariableInterestEntities_5268" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsGrossAbstract" xlink:label="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5269" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsOther" xlink:label="Locator_us-gaap_DeferredTaxAssetsOther_5270" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5269" xlink:to="Locator_us-gaap_DeferredTaxAssetsOther_5270" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsGrossAbstract" xlink:label="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5271" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsGross" xlink:label="Locator_us-gaap_DeferredTaxAssetsGross_5272" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredTaxAssetsGrossAbstract_5271" xlink:to="Locator_us-gaap_DeferredTaxAssetsGross_5272" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract" xlink:label="Locator_us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract_5225" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsValuationAllowance" xlink:label="Locator_us-gaap_DeferredTaxAssetsValuationAllowance_5226" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract_5225" xlink:to="Locator_us-gaap_DeferredTaxAssetsValuationAllowance_5226" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract" xlink:label="Locator_us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract_5227" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsLiabilitiesNet" xlink:label="Locator_us-gaap_DeferredTaxAssetsLiabilitiesNet_5228" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ComponentsOfDeferredTaxAssetsAndLiabilitiesAbstract_5227" xlink:to="Locator_us-gaap_DeferredTaxAssetsLiabilitiesNet_5228" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureIncomeTaxesIncomeBeforeIncomeTaxesDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_5317" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="Locator_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_5318" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_5317" xlink:to="Locator_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_5318" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_5335" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DomesticMember" xlink:label="Locator_mbi_DomesticMember_5336" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_5335" xlink:to="Locator_mbi_DomesticMember_5336" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_5337" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ForeignMember" xlink:label="Locator_mbi_ForeignMember_5338" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_5337" xlink:to="Locator_mbi_ForeignMember_5338" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureIncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesAbstract" xlink:label="Locator_mbi_DisclosureIncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesAbstract_5333" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IncomeBeforeIncomeTaxesTable" xlink:label="Locator_mbi_IncomeBeforeIncomeTaxesTable_5334" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureIncomeTaxesIncomeTaxesAndRelatedEffectiveTaxRatesAbstract_5333" xlink:to="Locator_mbi_IncomeBeforeIncomeTaxesTable_5334" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IncomeBeforeIncomeTaxesTable" xlink:label="Locator_mbi_IncomeBeforeIncomeTaxesTable_5339" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_5340" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_IncomeBeforeIncomeTaxesTable_5339" xlink:to="Locator_us-gaap_StatementLineItems_5340" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IncomeBeforeIncomeTaxesTable" xlink:label="Locator_mbi_IncomeBeforeIncomeTaxesTable_5341" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IncomeBeforeIncomeTaxesAxis" xlink:label="Locator_mbi_IncomeBeforeIncomeTaxesAxis_5342" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_IncomeBeforeIncomeTaxesTable_5341" xlink:to="Locator_mbi_IncomeBeforeIncomeTaxesAxis_5342" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IncomeBeforeIncomeTaxesAxis" xlink:label="Locator_mbi_IncomeBeforeIncomeTaxesAxis_5343" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_5344" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_IncomeBeforeIncomeTaxesAxis_5343" xlink:to="Locator_dei_EntityDomain_5344" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureEarningsPerShareNarrativeDetail">
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AntidilutiveSharesAbstract" xlink:label="Locator_mbi_AntidilutiveSharesAbstract_5345" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:label="Locator_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_5346" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AntidilutiveSharesAbstract_5345" xlink:to="Locator_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_5346" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureInvestmentsAmortizedCostAndFairValueOfAvailableForSaleAndHeldToMaturityInvestmentPortfoliosDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_5483" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_5484" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_5483" xlink:to="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_5484" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_5485" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_5486" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_5485" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_5486" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsAbstract" xlink:label="Locator_us-gaap_InvestmentsAbstract_5347" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract_5348" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InvestmentsAbstract_5347" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract_5348" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract_5375" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5376" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract_5375" xlink:to="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5376" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5451" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_5452" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5451" xlink:to="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_5452" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_5349" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5350" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_5349" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5350" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5355" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAmortizedCost" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAmortizedCost_5356" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5355" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesAmortizedCost_5356" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5357" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_5358" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5357" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_5358" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5359" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_5360" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5359" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_5360" order="3.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5361" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="Locator_us-gaap_AvailableForSaleSecurities_5362" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5361" xlink:to="Locator_us-gaap_AvailableForSaleSecurities_5362" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5363" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities" xlink:label="Locator_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities_5364" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5363" xlink:to="Locator_mbi_AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities_5364" order="5.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_5351" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5352" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_5351" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5352" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5367" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain_5368" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5367" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain_5368" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5369" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss_5370" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5369" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss_5370" order="3.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5373" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities" xlink:label="Locator_mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities_5374" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5373" xlink:to="Locator_mbi_HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities_5374" order="5.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5365" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecurities" xlink:label="Locator_us-gaap_HeldToMaturitySecurities_5366" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5365" xlink:to="Locator_us-gaap_HeldToMaturitySecurities_5366" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5371" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesFairValue" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesFairValue_5372" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5371" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesFairValue_5372" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5453" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_5454" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5453" xlink:to="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_5454" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_5487" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_5488" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_5487" xlink:to="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_5488" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_5489" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FixedMaturitiesMember" xlink:label="Locator_us-gaap_FixedMaturitiesMember_5490" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_5489" xlink:to="Locator_us-gaap_FixedMaturitiesMember_5490" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5455" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="Locator_invest_InvestmentAxis_5456" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5455" xlink:to="Locator_invest_InvestmentAxis_5456" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="Locator_invest_InvestmentAxis_5459" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5460" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentAxis_5459" xlink:to="Locator_invest_InvestmentDomain_5460" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5461" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_USTreasuryAndGovernmentMember" xlink:label="Locator_us-gaap_USTreasuryAndGovernmentMember_5462" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5461" xlink:to="Locator_us-gaap_USTreasuryAndGovernmentMember_5462" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5463" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_USStatesAndPoliticalSubdivisionsMember" xlink:label="Locator_us-gaap_USStatesAndPoliticalSubdivisionsMember_5464" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5463" xlink:to="Locator_us-gaap_USStatesAndPoliticalSubdivisionsMember_5464" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5465" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForeignGovernmentDebtMember" xlink:label="Locator_us-gaap_ForeignGovernmentDebtMember_5466" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5465" xlink:to="Locator_us-gaap_ForeignGovernmentDebtMember_5466" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5467" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CorporateDebtSecuritiesMember" xlink:label="Locator_us-gaap_CorporateDebtSecuritiesMember_5468" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5467" xlink:to="Locator_us-gaap_CorporateDebtSecuritiesMember_5468" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5469" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ResidentialMortgageBackedAgencyMember" xlink:label="Locator_mbi_ResidentialMortgageBackedAgencyMember_5470" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5469" xlink:to="Locator_mbi_ResidentialMortgageBackedAgencyMember_5470" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5471" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ResidentialMortgageBackedNonAgencyMember" xlink:label="Locator_mbi_ResidentialMortgageBackedNonAgencyMember_5472" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5471" xlink:to="Locator_mbi_ResidentialMortgageBackedNonAgencyMember_5472" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5473" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:label="Locator_us-gaap_CommercialMortgageBackedSecuritiesMember_5474" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5473" xlink:to="Locator_us-gaap_CommercialMortgageBackedSecuritiesMember_5474" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5475" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CollateralizedDebtObligationsMember" xlink:label="Locator_us-gaap_CollateralizedDebtObligationsMember_5476" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5475" xlink:to="Locator_us-gaap_CollateralizedDebtObligationsMember_5476" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5477" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherAssetBackedMember" xlink:label="Locator_mbi_OtherAssetBackedMember_5478" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5477" xlink:to="Locator_mbi_OtherAssetBackedMember_5478" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5479" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MoneyMarketSecuritiesMember" xlink:label="Locator_mbi_MoneyMarketSecuritiesMember_5480" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5479" xlink:to="Locator_mbi_MoneyMarketSecuritiesMember_5480" order="10.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5481" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PerpetualDebtAndEquitySecuritiesMember" xlink:label="Locator_mbi_PerpetualDebtAndEquitySecuritiesMember_5482" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5481" xlink:to="Locator_mbi_PerpetualDebtAndEquitySecuritiesMember_5482" order="11.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5457" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_5458" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5457" xlink:to="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_5458" order="3.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureInvestmentsDistributionByContractualMaturityOfAvailableForSaleAndHeldToMaturityInvestmentsDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_5659" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_5660" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_5659" xlink:to="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_5660" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_5661" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_5662" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_5661" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_5662" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsAbstract" xlink:label="Locator_us-gaap_InvestmentsAbstract_5491" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract_5492" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InvestmentsAbstract_5491" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract_5492" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract_5547" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5548" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract_5547" xlink:to="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5548" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5653" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_5654" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5653" xlink:to="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_5654" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_5493" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5494" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_5493" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5494" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5499" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis_5500" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5499" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis_5500" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5501" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis_5502" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5501" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis_5502" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5503" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis_5504" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5503" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis_5504" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5505" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis_5506" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5505" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis_5506" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5507" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost_5508" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5507" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost_5508" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5509" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis" xlink:label="Locator_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_5510" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5509" xlink:to="Locator_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_5510" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5511" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue_5512" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5511" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue_5512" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5513" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_5514" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5513" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_5514" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5515" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue_5516" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5515" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue_5516" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5517" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue_5518" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5517" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue_5518" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5519" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue_5520" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5519" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue_5520" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5521" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesDebtSecurities_5522" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5521" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesDebtSecurities_5522" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_5495" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5496" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_5495" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5496" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5523" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount_5524" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5523" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount_5524" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5525" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount_5526" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5525" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount_5526" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5527" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount_5528" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5527" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount_5528" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5529" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount_5530" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5529" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount_5530" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5531" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount_5532" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5531" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount_5532" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5533" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecurities" xlink:label="Locator_us-gaap_HeldToMaturitySecurities_5534" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5533" xlink:to="Locator_us-gaap_HeldToMaturitySecurities_5534" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5535" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue_5536" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5535" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue_5536" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5537" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_5538" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5537" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_5538" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5539" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue_5540" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5539" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue_5540" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5541" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue_5542" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5541" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesRollingAfterTenYearsFairValue_5542" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5543" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue_5544" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5543" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue_5544" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5545" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesFairValue" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesFairValue_5546" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5545" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesFairValue_5546" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5655" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_5656" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5655" xlink:to="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_5656" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_5663" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_5664" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_5663" xlink:to="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_5664" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_5665" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FixedMaturitiesMember" xlink:label="Locator_us-gaap_FixedMaturitiesMember_5666" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_5665" xlink:to="Locator_us-gaap_FixedMaturitiesMember_5666" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5657" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_5658" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5657" xlink:to="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_5658" order="2.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/InvestmentsGrossUnrealizedLossesRelatedToAvailableForSaleAndHeldToMaturityInvestmentsDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_5815" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_5816" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_5815" xlink:to="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_5816" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_5817" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_5818" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_5817" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_5818" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsAbstract" xlink:label="Locator_us-gaap_InvestmentsAbstract_5667" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract_5668" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InvestmentsAbstract_5667" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract_5668" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract_5699" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5700" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAbstract_5699" xlink:to="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5700" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5783" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_5784" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5783" xlink:to="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_5784" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_5669" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5670" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_5669" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5670" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5675" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue_5676" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5675" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue_5676" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5677" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_5678" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5677" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_5678" order="2.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5679" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue_5680" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5679" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue_5680" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5681" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_5682" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5681" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_5682" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5683" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_5684" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5683" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_5684" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAbstract" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5685" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss_5686" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AvailableForSaleSecuritiesAbstract_5685" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss_5686" order="6.0" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_5671" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5672" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesLineItems_5671" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5672" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5687" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue_5688" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5687" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue_5688" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5689" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_5690" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5689" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_5690" order="2.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5691" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue_5692" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5691" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue_5692" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5693" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_5694" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5693" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_5694" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5695" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_5696" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5695" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue_5696" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5697" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss" xlink:label="Locator_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss_5698" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_HeldToMaturitySecuritiesUnclassifiedAbstract_5697" xlink:to="Locator_us-gaap_HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss_5698" order="6.0" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5785" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_5786" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5785" xlink:to="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_5786" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_5819" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_5820" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_5819" xlink:to="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_5820" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_5821" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FixedMaturitiesMember" xlink:label="Locator_us-gaap_FixedMaturitiesMember_5822" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_5821" xlink:to="Locator_us-gaap_FixedMaturitiesMember_5822" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5787" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="Locator_invest_InvestmentAxis_5788" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5787" xlink:to="Locator_invest_InvestmentAxis_5788" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="Locator_invest_InvestmentAxis_5791" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5792" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentAxis_5791" xlink:to="Locator_invest_InvestmentDomain_5792" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5793" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_USTreasuryAndGovernmentMember" xlink:label="Locator_us-gaap_USTreasuryAndGovernmentMember_5794" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5793" xlink:to="Locator_us-gaap_USTreasuryAndGovernmentMember_5794" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5795" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_USStatesAndPoliticalSubdivisionsMember" xlink:label="Locator_us-gaap_USStatesAndPoliticalSubdivisionsMember_5796" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5795" xlink:to="Locator_us-gaap_USStatesAndPoliticalSubdivisionsMember_5796" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5797" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForeignGovernmentDebtMember" xlink:label="Locator_us-gaap_ForeignGovernmentDebtMember_5798" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5797" xlink:to="Locator_us-gaap_ForeignGovernmentDebtMember_5798" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5799" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CorporateDebtSecuritiesMember" xlink:label="Locator_us-gaap_CorporateDebtSecuritiesMember_5800" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5799" xlink:to="Locator_us-gaap_CorporateDebtSecuritiesMember_5800" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5801" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ResidentialMortgageBackedAgencyMember" xlink:label="Locator_mbi_ResidentialMortgageBackedAgencyMember_5802" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5801" xlink:to="Locator_mbi_ResidentialMortgageBackedAgencyMember_5802" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5803" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ResidentialMortgageBackedNonAgencyMember" xlink:label="Locator_mbi_ResidentialMortgageBackedNonAgencyMember_5804" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5803" xlink:to="Locator_mbi_ResidentialMortgageBackedNonAgencyMember_5804" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5805" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:label="Locator_us-gaap_CommercialMortgageBackedSecuritiesMember_5806" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5805" xlink:to="Locator_us-gaap_CommercialMortgageBackedSecuritiesMember_5806" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5807" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CollateralizedDebtObligationsMember" xlink:label="Locator_us-gaap_CollateralizedDebtObligationsMember_5808" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5807" xlink:to="Locator_us-gaap_CollateralizedDebtObligationsMember_5808" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5809" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherAssetBackedMember" xlink:label="Locator_mbi_OtherAssetBackedMember_5810" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5809" xlink:to="Locator_mbi_OtherAssetBackedMember_5810" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5811" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MoneyMarketSecuritiesMember" xlink:label="Locator_mbi_MoneyMarketSecuritiesMember_5812" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5811" xlink:to="Locator_mbi_MoneyMarketSecuritiesMember_5812" order="10.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_5813" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PerpetualDebtAndEquitySecuritiesMember" xlink:label="Locator_mbi_PerpetualDebtAndEquitySecuritiesMember_5814" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_5813" xlink:to="Locator_mbi_PerpetualDebtAndEquitySecuritiesMember_5814" order="11.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable" xlink:label="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5789" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_5790" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesTable_5789" xlink:to="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_5790" order="3.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/InvestmentsCreditRatingsOfAssetBackedAndMortgageBackedSecuritiesAndCorporateObligationsInAvailableForSaleInvestmentsForWhichFairValueWasLessThanAmortizedCostDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_5873" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_5874" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_5873" xlink:to="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_5874" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_5881" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AbsMbsCorporateObligationsMember" xlink:label="Locator_mbi_AbsMbsCorporateObligationsMember_5882" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_5881" xlink:to="Locator_mbi_AbsMbsCorporateObligationsMember_5882" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_5875" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetBackedSecuritiesMember" xlink:label="Locator_us-gaap_AssetBackedSecuritiesMember_5876" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_5875" xlink:to="Locator_us-gaap_AssetBackedSecuritiesMember_5876" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_5877" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MortgageBackedSecuritiesMember" xlink:label="Locator_us-gaap_MortgageBackedSecuritiesMember_5878" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_5877" xlink:to="Locator_us-gaap_MortgageBackedSecuritiesMember_5878" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_5879" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CorporateDebtSecuritiesMember" xlink:label="Locator_us-gaap_CorporateDebtSecuritiesMember_5880" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_5879" xlink:to="Locator_us-gaap_CorporateDebtSecuritiesMember_5880" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsAbstract" xlink:label="Locator_us-gaap_InvestmentsAbstract_5823" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureInvestmentsFairValuesAndGrossUnrealizedLossesByCreditRatingCategoryOfAssetBackedSecuritiesAbstract" xlink:label="Locator_mbi_DisclosureInvestmentsFairValuesAndGrossUnrealizedLossesByCreditRatingCategoryOfAssetBackedSecuritiesAbstract_5824" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InvestmentsAbstract_5823" xlink:to="Locator_mbi_DisclosureInvestmentsFairValuesAndGrossUnrealizedLossesByCreditRatingCategoryOfAssetBackedSecuritiesAbstract_5824" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureInvestmentsFairValuesAndGrossUnrealizedLossesByCreditRatingCategoryOfAssetBackedSecuritiesAbstract" xlink:label="Locator_mbi_DisclosureInvestmentsFairValuesAndGrossUnrealizedLossesByCreditRatingCategoryOfAssetBackedSecuritiesAbstract_5831" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable" xlink:label="Locator_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_5832" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureInvestmentsFairValuesAndGrossUnrealizedLossesByCreditRatingCategoryOfAssetBackedSecuritiesAbstract_5831" xlink:to="Locator_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_5832" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable" xlink:label="Locator_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_5867" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems" xlink:label="Locator_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_5868" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_5867" xlink:to="Locator_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_5868" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems" xlink:label="Locator_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_5825" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_5826" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_5825" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue_5826" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems" xlink:label="Locator_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_5827" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments" xlink:label="Locator_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments_5828" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_5827" xlink:to="Locator_mbi_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments_5828" order="2.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable" xlink:label="Locator_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_5869" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditRatingMoodysAxis" xlink:label="Locator_us-gaap_CreditRatingMoodysAxis_5870" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_5869" xlink:to="Locator_us-gaap_CreditRatingMoodysAxis_5870" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditRatingMoodysAxis" xlink:label="Locator_us-gaap_CreditRatingMoodysAxis_5883" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingDomain" xlink:label="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_5884" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CreditRatingMoodysAxis_5883" xlink:to="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_5884" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingDomain" xlink:label="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_5885" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MoodysAaaRatingMember" xlink:label="Locator_us-gaap_MoodysAaaRatingMember_5886" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_5885" xlink:to="Locator_us-gaap_MoodysAaaRatingMember_5886" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingDomain" xlink:label="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_5887" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MoodysAa1RatingMember" xlink:label="Locator_us-gaap_MoodysAa1RatingMember_5888" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_5887" xlink:to="Locator_us-gaap_MoodysAa1RatingMember_5888" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingDomain" xlink:label="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_5889" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MoodysA1RatingMember" xlink:label="Locator_us-gaap_MoodysA1RatingMember_5890" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_5889" xlink:to="Locator_us-gaap_MoodysA1RatingMember_5890" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingDomain" xlink:label="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_5891" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MoodysBaa1RatingMember" xlink:label="Locator_us-gaap_MoodysBaa1RatingMember_5892" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_5891" xlink:to="Locator_us-gaap_MoodysBaa1RatingMember_5892" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingDomain" xlink:label="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_5893" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_BelowInvestmentGradeMember" xlink:label="Locator_mbi_BelowInvestmentGradeMember_5894" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_5893" xlink:to="Locator_mbi_BelowInvestmentGradeMember_5894" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExternalCreditRatingByGroupingDomain" xlink:label="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_5895" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NotRatedMember" xlink:label="Locator_mbi_NotRatedMember_5896" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ExternalCreditRatingByGroupingDomain_5895" xlink:to="Locator_mbi_NotRatedMember_5896" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable" xlink:label="Locator_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_5871" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_5872" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_5871" xlink:to="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_5872" order="2.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/InvestmentsAverageCreditRatingsForSecuritiesRatedBelowInvestmentGradeWithoutTheEffectOfFinancialGuaranteesDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_5925" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_5926" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_5925" xlink:to="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_5926" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_5927" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetBackedSecuritiesMember" xlink:label="Locator_us-gaap_AssetBackedSecuritiesMember_5928" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_5927" xlink:to="Locator_us-gaap_AssetBackedSecuritiesMember_5928" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_5929" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MortgageBackedSecuritiesMember" xlink:label="Locator_us-gaap_MortgageBackedSecuritiesMember_5930" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_5929" xlink:to="Locator_us-gaap_MortgageBackedSecuritiesMember_5930" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_5931" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CorporateDebtSecuritiesMember" xlink:label="Locator_us-gaap_CorporateDebtSecuritiesMember_5932" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_5931" xlink:to="Locator_us-gaap_CorporateDebtSecuritiesMember_5932" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsAbstract" xlink:label="Locator_us-gaap_InvestmentsAbstract_5897" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureSecuritiesRatedBelowInvestmentGradeWithoutEffectOfFinancialGuaranteeAbstract" xlink:label="Locator_mbi_DisclosureSecuritiesRatedBelowInvestmentGradeWithoutEffectOfFinancialGuaranteeAbstract_5898" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InvestmentsAbstract_5897" xlink:to="Locator_mbi_DisclosureSecuritiesRatedBelowInvestmentGradeWithoutEffectOfFinancialGuaranteeAbstract_5898" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureSecuritiesRatedBelowInvestmentGradeWithoutEffectOfFinancialGuaranteeAbstract" xlink:label="Locator_mbi_DisclosureSecuritiesRatedBelowInvestmentGradeWithoutEffectOfFinancialGuaranteeAbstract_5905" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsTable" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsTable_5906" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureSecuritiesRatedBelowInvestmentGradeWithoutEffectOfFinancialGuaranteeAbstract_5905" xlink:to="Locator_us-gaap_ScheduleOfInvestmentsTable_5906" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsTable" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsTable_5921" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_5922" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfInvestmentsTable_5921" xlink:to="Locator_us-gaap_ScheduleOfInvestmentsLineItems_5922" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_5899" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors" xlink:label="Locator_mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors_5900" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfInvestmentsLineItems_5899" xlink:to="Locator_mbi_FairValueOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors_5900" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsLineItems" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsLineItems_5901" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors" xlink:label="Locator_mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors_5902" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfInvestmentsLineItems_5901" xlink:to="Locator_mbi_PercentageOfSecuritiesRatedBelowInvestmentGradeWithoutGivingEffectToBenefitOfGuaranteesProvidedByFinancialGuarantors_5902" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentsTable" xlink:label="Locator_us-gaap_ScheduleOfInvestmentsTable_5923" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_5924" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfInvestmentsTable_5923" xlink:to="Locator_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_5924" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureSignificantAccountingPoliciesTables">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_5933" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:label="Locator_us-gaap_PropertyPlantAndEquipmentTextBlock_5934" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_5933" xlink:to="Locator_us-gaap_PropertyPlantAndEquipmentTextBlock_5934" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureSignificantAccountingPoliciesUsefulLivesOfEachClassOfAssetsDetails">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_5973" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_5974" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RangeAxis_5973" xlink:to="Locator_mbi_RangeDomain_5974" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_5979" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageMember" xlink:label="Locator_us-gaap_WeightedAverageMember_5980" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_5979" xlink:to="Locator_us-gaap_WeightedAverageMember_5980" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_5975" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinimumMember" xlink:label="Locator_us-gaap_MinimumMember_5976" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_5975" xlink:to="Locator_us-gaap_MinimumMember_5976" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_5977" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MaximumMember" xlink:label="Locator_us-gaap_MaximumMember_5978" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_5977" xlink:to="Locator_us-gaap_MaximumMember_5978" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAbstract" xlink:label="Locator_us-gaap_PropertyPlantAndEquipmentAbstract_5939" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:label="Locator_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_5940" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_PropertyPlantAndEquipmentAbstract_5939" xlink:to="Locator_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_5940" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:label="Locator_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_5967" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentLineItems" xlink:label="Locator_us-gaap_PropertyPlantAndEquipmentLineItems_5968" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_5967" xlink:to="Locator_us-gaap_PropertyPlantAndEquipmentLineItems_5968" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentLineItems" xlink:label="Locator_us-gaap_PropertyPlantAndEquipmentLineItems_5935" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:label="Locator_us-gaap_PropertyPlantAndEquipmentUsefulLife_5936" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_PropertyPlantAndEquipmentLineItems_5935" xlink:to="Locator_us-gaap_PropertyPlantAndEquipmentUsefulLife_5936" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:label="Locator_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_5969" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="Locator_us-gaap_PropertyPlantAndEquipmentByTypeAxis_5970" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_5969" xlink:to="Locator_us-gaap_PropertyPlantAndEquipmentByTypeAxis_5970" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="Locator_us-gaap_PropertyPlantAndEquipmentByTypeAxis_5981" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="Locator_us-gaap_PropertyPlantAndEquipmentTypeDomain_5982" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_PropertyPlantAndEquipmentByTypeAxis_5981" xlink:to="Locator_us-gaap_PropertyPlantAndEquipmentTypeDomain_5982" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="Locator_us-gaap_PropertyPlantAndEquipmentTypeDomain_5983" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BuildingAndBuildingImprovementsMember" xlink:label="Locator_us-gaap_BuildingAndBuildingImprovementsMember_5984" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_PropertyPlantAndEquipmentTypeDomain_5983" xlink:to="Locator_us-gaap_BuildingAndBuildingImprovementsMember_5984" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="Locator_us-gaap_PropertyPlantAndEquipmentTypeDomain_5985" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LeaseholdImprovementsMember" xlink:label="Locator_us-gaap_LeaseholdImprovementsMember_5986" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_PropertyPlantAndEquipmentTypeDomain_5985" xlink:to="Locator_us-gaap_LeaseholdImprovementsMember_5986" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="Locator_us-gaap_PropertyPlantAndEquipmentTypeDomain_5987" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FurnitureAndFixturesMember" xlink:label="Locator_us-gaap_FurnitureAndFixturesMember_5988" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_PropertyPlantAndEquipmentTypeDomain_5987" xlink:to="Locator_us-gaap_FurnitureAndFixturesMember_5988" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="Locator_us-gaap_PropertyPlantAndEquipmentTypeDomain_5989" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComputerEquipmentMember" xlink:label="Locator_us-gaap_ComputerEquipmentMember_5990" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_PropertyPlantAndEquipmentTypeDomain_5989" xlink:to="Locator_us-gaap_ComputerEquipmentMember_5990" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:label="Locator_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_5971" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_5972" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_5971" xlink:to="Locator_us-gaap_RangeAxis_5972" order="2.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureSignificantAccountingPoliciesNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="Locator_us-gaap_AccountingPoliciesAbstract_6001" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_6002" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccountingPoliciesAbstract_6001" xlink:to="Locator_us-gaap_StatementTable_6002" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_6033" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AccountingPolicyLineItems" xlink:label="Locator_mbi_AccountingPolicyLineItems_6034" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_6033" xlink:to="Locator_mbi_AccountingPolicyLineItems_6034" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AccountingPolicyLineItems" xlink:label="Locator_mbi_AccountingPolicyLineItems_5991" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ControllingFinancialInterestEvidenceByVotingInterestGreaterThanCertainPercentage" xlink:label="Locator_mbi_ControllingFinancialInterestEvidenceByVotingInterestGreaterThanCertainPercentage_5992" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AccountingPolicyLineItems_5991" xlink:to="Locator_mbi_ControllingFinancialInterestEvidenceByVotingInterestGreaterThanCertainPercentage_5992" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AccountingPolicyLineItems" xlink:label="Locator_mbi_AccountingPolicyLineItems_5993" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DiscussionOfFairValueHedgeEffectivenessAssessmentAndMeasurement" xlink:label="Locator_us-gaap_DiscussionOfFairValueHedgeEffectivenessAssessmentAndMeasurement_5994" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AccountingPolicyLineItems_5993" xlink:to="Locator_us-gaap_DiscussionOfFairValueHedgeEffectivenessAssessmentAndMeasurement_5994" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AccountingPolicyLineItems" xlink:label="Locator_mbi_AccountingPolicyLineItems_5995" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfQualifiedFinancialGuaranteeContracts" xlink:label="Locator_mbi_PercentageOfQualifiedFinancialGuaranteeContracts_5996" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AccountingPolicyLineItems_5995" xlink:to="Locator_mbi_PercentageOfQualifiedFinancialGuaranteeContracts_5996" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AccountingPolicyLineItems" xlink:label="Locator_mbi_AccountingPolicyLineItems_5997" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_QuantifyingMisstatementInCurrentYearFinancialStatementsAmount" xlink:label="Locator_us-gaap_QuantifyingMisstatementInCurrentYearFinancialStatementsAmount_5998" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_AccountingPolicyLineItems_5997" xlink:to="Locator_us-gaap_QuantifyingMisstatementInCurrentYearFinancialStatementsAmount_5998" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_6035" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_6036" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_6035" xlink:to="Locator_us-gaap_RangeAxis_6036" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_6047" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_6048" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RangeAxis_6047" xlink:to="Locator_mbi_RangeDomain_6048" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_6049" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinimumMember" xlink:label="Locator_us-gaap_MinimumMember_6050" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_6049" xlink:to="Locator_us-gaap_MinimumMember_6050" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_6051" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MaximumMember" xlink:label="Locator_us-gaap_MaximumMember_6052" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_6051" xlink:to="Locator_us-gaap_MaximumMember_6052" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_6037" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_6038" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_6037" xlink:to="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_6038" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_6041" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_6042" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_6041" xlink:to="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_6042" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_6043" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonVariableInterestEntitiesMember" xlink:label="Locator_mbi_NonVariableInterestEntitiesMember_6044" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_6043" xlink:to="Locator_mbi_NonVariableInterestEntitiesMember_6044" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_6045" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_6046" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_6045" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_6046" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_6039" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="Locator_us-gaap_StatementScenarioAxis_6040" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_6039" xlink:to="Locator_us-gaap_StatementScenarioAxis_6040" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="Locator_us-gaap_StatementScenarioAxis_6053" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_6054" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementScenarioAxis_6053" xlink:to="Locator_us-gaap_ScenarioUnspecifiedDomain_6054" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_6055" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioPreviouslyReportedMember" xlink:label="Locator_us-gaap_ScenarioPreviouslyReportedMember_6056" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScenarioUnspecifiedDomain_6055" xlink:to="Locator_us-gaap_ScenarioPreviouslyReportedMember_6056" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/AccumulatedOtherComprehensiveIncome">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_6057" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNoteTextBlock" xlink:label="Locator_us-gaap_ComprehensiveIncomeNoteTextBlock_6058" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_6057" xlink:to="Locator_us-gaap_ComprehensiveIncomeNoteTextBlock_6058" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/AccumulatedOtherComprehensiveIncomeTables">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_6059" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:label="Locator_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_6060" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_6059" xlink:to="Locator_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_6060" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_6061" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock" xlink:label="Locator_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock_6062" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_6061" xlink:to="Locator_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock_6062" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureAccumulatedOtherComprehensiveIncomeChangesInTheComponentsOfAOCIDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_6099" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="Locator_us-gaap_StatementEquityComponentsAxis_6100" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_6099" xlink:to="Locator_us-gaap_StatementEquityComponentsAxis_6100" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="Locator_us-gaap_StatementEquityComponentsAxis_6101" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="Locator_us-gaap_EquityComponentDomain_6102" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementEquityComponentsAxis_6101" xlink:to="Locator_us-gaap_EquityComponentDomain_6102" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="Locator_us-gaap_EquityComponentDomain_6103" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:label="Locator_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_6104" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EquityComponentDomain_6103" xlink:to="Locator_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_6104" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="Locator_us-gaap_EquityComponentDomain_6105" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedTranslationAdjustmentMember" xlink:label="Locator_us-gaap_AccumulatedTranslationAdjustmentMember_6106" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EquityComponentDomain_6105" xlink:to="Locator_us-gaap_AccumulatedTranslationAdjustmentMember_6106" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_6097" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_6098" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_6097" xlink:to="Locator_us-gaap_StatementLineItems_6098" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_6063" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_6064" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_6063" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_6064" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_6065" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:label="Locator_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_6066" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_6065" xlink:to="Locator_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_6066" order="3.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_6067" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_6068" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_6067" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_6068" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_6069" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="Locator_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_6070" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_6069" xlink:to="Locator_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_6070" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_6071" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="Locator_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_6072" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_6071" xlink:to="Locator_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_6072" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract" xlink:label="Locator_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract_6095" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_6096" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract_6095" xlink:to="Locator_us-gaap_StatementTable_6096" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/AccumulatedOtherComprehensiveIncomeDetailsOfTheReclassificationFromAOCIDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_6159" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="Locator_us-gaap_StatementEquityComponentsAxis_6160" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_6159" xlink:to="Locator_us-gaap_StatementEquityComponentsAxis_6160" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="Locator_us-gaap_StatementEquityComponentsAxis_6163" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="Locator_us-gaap_EquityComponentDomain_6164" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementEquityComponentsAxis_6163" xlink:to="Locator_us-gaap_EquityComponentDomain_6164" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="Locator_us-gaap_EquityComponentDomain_6165" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:label="Locator_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_6166" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EquityComponentDomain_6165" xlink:to="Locator_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_6166" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="Locator_us-gaap_EquityComponentDomain_6167" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedTranslationAdjustmentMember" xlink:label="Locator_us-gaap_AccumulatedTranslationAdjustmentMember_6168" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EquityComponentDomain_6167" xlink:to="Locator_us-gaap_AccumulatedTranslationAdjustmentMember_6168" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_6161" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:label="Locator_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_6162" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_6161" xlink:to="Locator_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_6162" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:label="Locator_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_6169" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xlink:label="Locator_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_6170" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_6169" xlink:to="Locator_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_6170" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xlink:label="Locator_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_6171" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xlink:label="Locator_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_6172" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_6171" xlink:to="Locator_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_6172" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_6157" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_6158" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_6157" xlink:to="Locator_us-gaap_StatementLineItems_6158" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_6107" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xlink:label="Locator_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_6108" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_6107" xlink:to="Locator_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_6108" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_6109" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities_6110" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_6109" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities_6110" order="2.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_6111" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetInvestmentIncome" xlink:label="Locator_us-gaap_NetInvestmentIncome_6112" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_6111" xlink:to="Locator_us-gaap_NetInvestmentIncome_6112" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_6113" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="Locator_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_6114" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_6113" xlink:to="Locator_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_6114" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_6115" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="Locator_us-gaap_IncomeTaxExpenseBenefit_6116" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_6115" xlink:to="Locator_us-gaap_IncomeTaxExpenseBenefit_6116" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_6117" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="Locator_us-gaap_NetIncomeLoss_6118" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_6117" xlink:to="Locator_us-gaap_NetIncomeLoss_6118" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_6121" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_6122" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_6121" xlink:to="Locator_us-gaap_StatementTable_6122" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/BusinessSegmentsNarrativeDetail">
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureBusinessSegmentsSummaryOfCompanysSegmentResultsAbstract" xlink:label="Locator_mbi_DisclosureBusinessSegmentsSummaryOfCompanysSegmentResultsAbstract_6173" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NumberOfOperatingSegments" xlink:label="Locator_us-gaap_NumberOfOperatingSegments_6174" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureBusinessSegmentsSummaryOfCompanysSegmentResultsAbstract_6173" xlink:to="Locator_us-gaap_NumberOfOperatingSegments_6174" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureBusinessSegmentsSummaryOfCompanysSegmentResultsAbstract" xlink:label="Locator_mbi_DisclosureBusinessSegmentsSummaryOfCompanysSegmentResultsAbstract_6175" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfExtinguishmentOfDebtTable" xlink:label="Locator_us-gaap_ScheduleOfExtinguishmentOfDebtTable_6176" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureBusinessSegmentsSummaryOfCompanysSegmentResultsAbstract_6175" xlink:to="Locator_us-gaap_ScheduleOfExtinguishmentOfDebtTable_6176" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfExtinguishmentOfDebtTable" xlink:label="Locator_us-gaap_ScheduleOfExtinguishmentOfDebtTable_6195" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExtinguishmentOfDebtLineItems" xlink:label="Locator_us-gaap_ExtinguishmentOfDebtLineItems_6196" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfExtinguishmentOfDebtTable_6195" xlink:to="Locator_us-gaap_ExtinguishmentOfDebtLineItems_6196" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExtinguishmentOfDebtLineItems" xlink:label="Locator_us-gaap_ExtinguishmentOfDebtLineItems_6177" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExtinguishmentOfDebtAmount" xlink:label="Locator_us-gaap_ExtinguishmentOfDebtAmount_6178" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ExtinguishmentOfDebtLineItems_6177" xlink:to="Locator_us-gaap_ExtinguishmentOfDebtAmount_6178" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExtinguishmentOfDebtLineItems" xlink:label="Locator_us-gaap_ExtinguishmentOfDebtLineItems_6179" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="Locator_us-gaap_GainsLossesOnExtinguishmentOfDebt_6180" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ExtinguishmentOfDebtLineItems_6179" xlink:to="Locator_us-gaap_GainsLossesOnExtinguishmentOfDebt_6180" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfExtinguishmentOfDebtTable" xlink:label="Locator_us-gaap_ScheduleOfExtinguishmentOfDebtTable_6197" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExtinguishmentOfDebtAxis" xlink:label="Locator_us-gaap_ExtinguishmentOfDebtAxis_6198" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfExtinguishmentOfDebtTable_6197" xlink:to="Locator_us-gaap_ExtinguishmentOfDebtAxis_6198" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExtinguishmentOfDebtAxis" xlink:label="Locator_us-gaap_ExtinguishmentOfDebtAxis_6199" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExtinguishmentOfDebtTypeDomain" xlink:label="Locator_us-gaap_ExtinguishmentOfDebtTypeDomain_6200" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ExtinguishmentOfDebtAxis_6199" xlink:to="Locator_us-gaap_ExtinguishmentOfDebtTypeDomain_6200" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExtinguishmentOfDebtTypeDomain" xlink:label="Locator_us-gaap_ExtinguishmentOfDebtTypeDomain_6201" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MediumTermNotesMember" xlink:label="Locator_us-gaap_MediumTermNotesMember_6202" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ExtinguishmentOfDebtTypeDomain_6201" xlink:to="Locator_us-gaap_MediumTermNotesMember_6202" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureDebt">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="Locator_us-gaap_DebtDisclosureAbstract_6203" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="Locator_us-gaap_DebtDisclosureTextBlock_6204" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtDisclosureAbstract_6203" xlink:to="Locator_us-gaap_DebtDisclosureTextBlock_6204" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureDebtNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_6493" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_6494" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RangeAxis_6493" xlink:to="Locator_mbi_RangeDomain_6494" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_6499" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:label="Locator_us-gaap_EstimateOfFairValueFairValueDisclosureMember_6500" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_6499" xlink:to="Locator_us-gaap_EstimateOfFairValueFairValueDisclosureMember_6500" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_6501" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisposalOfAssetMinimumMember" xlink:label="Locator_mbi_DisposalOfAssetMinimumMember_6502" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_6501" xlink:to="Locator_mbi_DisposalOfAssetMinimumMember_6502" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_6503" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LiquidityBorrowingMaximumPeriodMember" xlink:label="Locator_mbi_LiquidityBorrowingMaximumPeriodMember_6504" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_6503" xlink:to="Locator_mbi_LiquidityBorrowingMaximumPeriodMember_6504" order="5.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_6497" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinimumMember" xlink:label="Locator_us-gaap_MinimumMember_6498" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_6497" xlink:to="Locator_us-gaap_MinimumMember_6498" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_6495" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MaximumMember" xlink:label="Locator_us-gaap_MaximumMember_6496" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_6495" xlink:to="Locator_us-gaap_MaximumMember_6496" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProductOrServiceAxis" xlink:label="Locator_us-gaap_ProductOrServiceAxis_6529" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProductsAndServicesDomain" xlink:label="Locator_us-gaap_ProductsAndServicesDomain_6530" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ProductOrServiceAxis_6529" xlink:to="Locator_us-gaap_ProductsAndServicesDomain_6530" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProductsAndServicesDomain" xlink:label="Locator_us-gaap_ProductsAndServicesDomain_6531" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ConduitsMember" xlink:label="Locator_mbi_ConduitsMember_6532" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ProductsAndServicesDomain_6531" xlink:to="Locator_mbi_ConduitsMember_6532" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProductsAndServicesDomain" xlink:label="Locator_us-gaap_ProductsAndServicesDomain_6533" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AssetLiabilityProductsMember" xlink:label="Locator_mbi_AssetLiabilityProductsMember_6534" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ProductsAndServicesDomain_6533" xlink:to="Locator_mbi_AssetLiabilityProductsMember_6534" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProductsAndServicesDomain" xlink:label="Locator_us-gaap_ProductsAndServicesDomain_6535" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GlobalFundingLimitedMember" xlink:label="Locator_mbi_GlobalFundingLimitedMember_6536" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ProductsAndServicesDomain_6535" xlink:to="Locator_mbi_GlobalFundingLimitedMember_6536" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_6479" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_6480" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_6479" xlink:to="Locator_dei_EntityDomain_6480" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_6481" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_BankOfAmericaMember" xlink:label="Locator_mbi_BankOfAmericaMember_6482" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_6481" xlink:to="Locator_mbi_BankOfAmericaMember_6482" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_6489" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CutwaterIscMember" xlink:label="Locator_mbi_CutwaterIscMember_6490" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_6489" xlink:to="Locator_mbi_CutwaterIscMember_6490" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_6491" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_6492" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_6491" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_6492" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_6483" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaIncMember" xlink:label="Locator_mbi_MbiaIncMember_6484" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_6483" xlink:to="Locator_mbi_MbiaIncMember_6484" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_6485" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaCorpMember" xlink:label="Locator_mbi_MbiaCorpMember_6486" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_6485" xlink:to="Locator_mbi_MbiaCorpMember_6486" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_6487" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_BlueRidgeMember" xlink:label="Locator_mbi_BlueRidgeMember_6488" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_6487" xlink:to="Locator_mbi_BlueRidgeMember_6488" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="Locator_us-gaap_DebtDisclosureAbstract_6299" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_6300" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtDisclosureAbstract_6299" xlink:to="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_6300" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_6467" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6468" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_6467" xlink:to="Locator_us-gaap_DebtInstrumentLineItems_6468" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6205" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AggregatePrincipalAmountInExcessOfFailuretoMakePaymentAtMaturity" xlink:label="Locator_mbi_AggregatePrincipalAmountInExcessOfFailuretoMakePaymentAtMaturity_6206" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6205" xlink:to="Locator_mbi_AggregatePrincipalAmountInExcessOfFailuretoMakePaymentAtMaturity_6206" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6213" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateTerms" xlink:label="Locator_us-gaap_DebtInstrumentInterestRateTerms_6214" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6213" xlink:to="Locator_us-gaap_DebtInstrumentInterestRateTerms_6214" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6215" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:label="Locator_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_6216" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6215" xlink:to="Locator_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_6216" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6217" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="Locator_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_6218" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6217" xlink:to="Locator_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_6218" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6219" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SurplusNotesAtParValueOwnedByCorporateSegment" xlink:label="Locator_mbi_SurplusNotesAtParValueOwnedByCorporateSegment_6220" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6219" xlink:to="Locator_mbi_SurplusNotesAtParValueOwnedByCorporateSegment_6220" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6221" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SeniorNotesAtParValueOwnedByNational" xlink:label="Locator_mbi_SeniorNotesAtParValueOwnedByNational_6222" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6221" xlink:to="Locator_mbi_SeniorNotesAtParValueOwnedByNational_6222" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6223" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SurplusNotesRepurchasedAtOutstandingParValue" xlink:label="Locator_mbi_SurplusNotesRepurchasedAtOutstandingParValue_6224" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6223" xlink:to="Locator_mbi_SurplusNotesRepurchasedAtOutstandingParValue_6224" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6225" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SurplusNotesWeightedAveragePricePerUnit" xlink:label="Locator_mbi_SurplusNotesWeightedAveragePricePerUnit_6226" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6225" xlink:to="Locator_mbi_SurplusNotesWeightedAveragePricePerUnit_6226" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6227" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentRepurchaseAmount" xlink:label="Locator_us-gaap_DebtInstrumentRepurchaseAmount_6228" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6227" xlink:to="Locator_us-gaap_DebtInstrumentRepurchaseAmount_6228" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6231" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_WeightedAveragePriceOfSeniorNotes" xlink:label="Locator_mbi_WeightedAveragePriceOfSeniorNotes_6232" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6231" xlink:to="Locator_mbi_WeightedAveragePriceOfSeniorNotes_6232" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6233" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMinimum" xlink:label="Locator_us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMinimum_6234" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6233" xlink:to="Locator_us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMinimum_6234" order="15.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6235" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMaximum" xlink:label="Locator_us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMaximum_6236" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6235" xlink:to="Locator_us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMaximum_6236" order="16.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6237" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtWeightedAverageInterestRate" xlink:label="Locator_us-gaap_DebtWeightedAverageInterestRate_6238" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6237" xlink:to="Locator_us-gaap_DebtWeightedAverageInterestRate_6238" order="17.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6243" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromLegalSettlements" xlink:label="Locator_us-gaap_ProceedsFromLegalSettlements_6244" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6243" xlink:to="Locator_us-gaap_ProceedsFromLegalSettlements_6244" order="20.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6245" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentRepurchasedFaceAmount" xlink:label="Locator_us-gaap_DebtInstrumentRepurchasedFaceAmount_6246" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6245" xlink:to="Locator_us-gaap_DebtInstrumentRepurchasedFaceAmount_6246" order="21.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6247" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DebtInstrumentRepurchasedPercentOfParValue" xlink:label="Locator_mbi_DebtInstrumentRepurchasedPercentOfParValue_6248" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6247" xlink:to="Locator_mbi_DebtInstrumentRepurchasedPercentOfParValue_6248" order="22.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6249" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="Locator_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_6250" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6249" xlink:to="Locator_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_6250" order="23.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6251" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCredit" xlink:label="Locator_us-gaap_LineOfCredit_6252" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6251" xlink:to="Locator_us-gaap_LineOfCredit_6252" order="24.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6253" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityInterestRateDuringPeriod" xlink:label="Locator_us-gaap_LineOfCreditFacilityInterestRateDuringPeriod_6254" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6253" xlink:to="Locator_us-gaap_LineOfCreditFacilityInterestRateDuringPeriod_6254" order="25.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6255" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GeneralCorporatePurposesProceedsLimit" xlink:label="Locator_mbi_GeneralCorporatePurposesProceedsLimit_6256" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6255" xlink:to="Locator_mbi_GeneralCorporatePurposesProceedsLimit_6256" order="26.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6257" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LiquidityRequirementsPeriod" xlink:label="Locator_mbi_LiquidityRequirementsPeriod_6258" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6257" xlink:to="Locator_mbi_LiquidityRequirementsPeriod_6258" order="27.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6259" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SubsidiaryCollateralPercentage" xlink:label="Locator_mbi_SubsidiaryCollateralPercentage_6260" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6259" xlink:to="Locator_mbi_SubsidiaryCollateralPercentage_6260" order="28.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6261" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SecuredLineOfCreditCollateral" xlink:label="Locator_mbi_SecuredLineOfCreditCollateral_6262" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6261" xlink:to="Locator_mbi_SecuredLineOfCreditCollateral_6262" order="29.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6263" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:label="Locator_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_6264" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6263" xlink:to="Locator_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_6264" order="30.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6265" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LineOfCreditFacilityInterestAndCommitmentFeeAmount" xlink:label="Locator_mbi_LineOfCreditFacilityInterestAndCommitmentFeeAmount_6266" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6265" xlink:to="Locator_mbi_LineOfCreditFacilityInterestAndCommitmentFeeAmount_6266" order="31.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6267" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityCommitmentFeeAmount" xlink:label="Locator_us-gaap_LineOfCreditFacilityCommitmentFeeAmount_6268" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6267" xlink:to="Locator_us-gaap_LineOfCreditFacilityCommitmentFeeAmount_6268" order="32.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6269" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations" xlink:label="Locator_us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations_6270" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6269" xlink:to="Locator_us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations_6270" order="33.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6271" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SecuredRevolvingCreditAgreementTerm" xlink:label="Locator_mbi_SecuredRevolvingCreditAgreementTerm_6272" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6271" xlink:to="Locator_mbi_SecuredRevolvingCreditAgreementTerm_6272" order="34.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6273" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PutbackRecoveriesCollateralPercentage" xlink:label="Locator_mbi_PutbackRecoveriesCollateralPercentage_6274" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6273" xlink:to="Locator_mbi_PutbackRecoveriesCollateralPercentage_6274" order="35.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6275" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherPrepaymentCollateralPercentageAfterYearOneToYearTwo" xlink:label="Locator_mbi_OtherPrepaymentCollateralPercentageAfterYearOneToYearTwo_6276" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6275" xlink:to="Locator_mbi_OtherPrepaymentCollateralPercentageAfterYearOneToYearTwo_6276" order="36.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6277" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherPrepaymentCollateralPercentageAfterYearTwoToYearThree" xlink:label="Locator_mbi_OtherPrepaymentCollateralPercentageAfterYearTwoToYearThree_6278" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6277" xlink:to="Locator_mbi_OtherPrepaymentCollateralPercentageAfterYearTwoToYearThree_6278" order="37.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6279" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisposalOfAssetsCollateralPercentage" xlink:label="Locator_mbi_DisposalOfAssetsCollateralPercentage_6280" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6279" xlink:to="Locator_mbi_DisposalOfAssetsCollateralPercentage_6280" order="38.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6281" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisposalOfAssetsCollateralMaximum" xlink:label="Locator_mbi_DisposalOfAssetsCollateralMaximum_6282" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6281" xlink:to="Locator_mbi_DisposalOfAssetsCollateralMaximum_6282" order="39.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6283" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LiquidityBorrowingsRepaymentPeriod" xlink:label="Locator_mbi_LiquidityBorrowingsRepaymentPeriod_6284" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6283" xlink:to="Locator_mbi_LiquidityBorrowingsRepaymentPeriod_6284" order="40.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6285" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MinimumStatutoryCapitalRequirement" xlink:label="Locator_mbi_MinimumStatutoryCapitalRequirement_6286" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6285" xlink:to="Locator_mbi_MinimumStatutoryCapitalRequirement_6286" order="41.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6287" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RemediationEffortsMaximumAmount" xlink:label="Locator_mbi_RemediationEffortsMaximumAmount_6288" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6287" xlink:to="Locator_mbi_RemediationEffortsMaximumAmount_6288" order="42.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6289" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RemediationEffortsLoansOutstandingMaximumAmount" xlink:label="Locator_mbi_RemediationEffortsLoansOutstandingMaximumAmount_6290" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6289" xlink:to="Locator_mbi_RemediationEffortsLoansOutstandingMaximumAmount_6290" order="43.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6291" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RemediationEffortsStatutoryCapitalReductionMaximum" xlink:label="Locator_mbi_RemediationEffortsStatutoryCapitalReductionMaximum_6292" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6291" xlink:to="Locator_mbi_RemediationEffortsStatutoryCapitalReductionMaximum_6292" order="44.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6293" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:label="Locator_us-gaap_LettersOfCreditOutstandingAmount_6294" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6293" xlink:to="Locator_us-gaap_LettersOfCreditOutstandingAmount_6294" order="45.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6295" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NumberPooledInvestmentPrograms" xlink:label="Locator_mbi_NumberPooledInvestmentPrograms_6296" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6295" xlink:to="Locator_mbi_NumberPooledInvestmentPrograms_6296" order="46.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6207" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SurplusNotes" xlink:label="Locator_us-gaap_SurplusNotes_6208" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6207" xlink:to="Locator_us-gaap_SurplusNotes_6208" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6209" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="Locator_us-gaap_DebtInstrumentInterestRateStatedPercentage_6210" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6209" xlink:to="Locator_us-gaap_DebtInstrumentInterestRateStatedPercentage_6210" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6229" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DebtInstrumentMaturityYear" xlink:label="Locator_mbi_DebtInstrumentMaturityYear_6230" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6229" xlink:to="Locator_mbi_DebtInstrumentMaturityYear_6230" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6211" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:label="Locator_us-gaap_DebtInstrumentMaturityDate_6212" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6211" xlink:to="Locator_us-gaap_DebtInstrumentMaturityDate_6212" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6241" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="Locator_us-gaap_DebtInstrumentCarryingAmount_6242" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6241" xlink:to="Locator_us-gaap_DebtInstrumentCarryingAmount_6242" order="19.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6239" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPayableCurrentAndNoncurrent" xlink:label="Locator_us-gaap_InterestPayableCurrentAndNoncurrent_6240" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6239" xlink:to="Locator_us-gaap_InterestPayableCurrentAndNoncurrent_6240" order="18.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_6469" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_6470" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_6469" xlink:to="Locator_us-gaap_RangeAxis_6470" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_6471" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_6472" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_6471" xlink:to="Locator_dei_LegalEntityAxis_6472" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_6473" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="Locator_us-gaap_CreditFacilityAxis_6474" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_6473" xlink:to="Locator_us-gaap_CreditFacilityAxis_6474" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="Locator_us-gaap_CreditFacilityAxis_6505" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="Locator_us-gaap_CreditFacilityDomain_6506" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CreditFacilityAxis_6505" xlink:to="Locator_us-gaap_CreditFacilityDomain_6506" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="Locator_us-gaap_CreditFacilityDomain_6507" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LiborRateLoansMember" xlink:label="Locator_mbi_LiborRateLoansMember_6508" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CreditFacilityDomain_6507" xlink:to="Locator_mbi_LiborRateLoansMember_6508" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="Locator_us-gaap_CreditFacilityDomain_6509" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_BaseRateLoansMember" xlink:label="Locator_mbi_BaseRateLoansMember_6510" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CreditFacilityDomain_6509" xlink:to="Locator_mbi_BaseRateLoansMember_6510" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="Locator_us-gaap_CreditFacilityDomain_6511" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MediumTermNotesMember" xlink:label="Locator_us-gaap_MediumTermNotesMember_6512" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CreditFacilityDomain_6511" xlink:to="Locator_us-gaap_MediumTermNotesMember_6512" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="Locator_us-gaap_CreditFacilityDomain_6513" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InvestmentAgreementObligationsMember" xlink:label="Locator_mbi_InvestmentAgreementObligationsMember_6514" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CreditFacilityDomain_6513" xlink:to="Locator_mbi_InvestmentAgreementObligationsMember_6514" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_6475" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="Locator_us-gaap_DebtInstrumentAxis_6476" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_6475" xlink:to="Locator_us-gaap_DebtInstrumentAxis_6476" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="Locator_us-gaap_DebtInstrumentAxis_6515" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_6516" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentAxis_6515" xlink:to="Locator_us-gaap_DebtInstrumentNameDomain_6516" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_6517" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ApplicableMarginMember" xlink:label="Locator_mbi_ApplicableMarginMember_6518" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_6517" xlink:to="Locator_mbi_ApplicableMarginMember_6518" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_6519" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FederalFundsRateMarginMember" xlink:label="Locator_mbi_FederalFundsRateMarginMember_6520" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_6519" xlink:to="Locator_mbi_FederalFundsRateMarginMember_6520" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_6521" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AdjustedLiborRateMarginMember" xlink:label="Locator_mbi_AdjustedLiborRateMarginMember_6522" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_6521" xlink:to="Locator_mbi_AdjustedLiborRateMarginMember_6522" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_6523" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AveragerateMember" xlink:label="Locator_mbi_AveragerateMember_6524" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_6523" xlink:to="Locator_mbi_AveragerateMember_6524" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_6527" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaCorpSurplusNotesMember" xlink:label="Locator_mbi_MbiaCorpSurplusNotesMember_6528" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_6527" xlink:to="Locator_mbi_MbiaCorpSurplusNotesMember_6528" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_6525" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaIncSeniorNotesMember" xlink:label="Locator_mbi_MbiaIncSeniorNotesMember_6526" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_6525" xlink:to="Locator_mbi_MbiaIncSeniorNotesMember_6526" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_6477" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProductOrServiceAxis" xlink:label="Locator_us-gaap_ProductOrServiceAxis_6478" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_6477" xlink:to="Locator_us-gaap_ProductOrServiceAxis_6478" order="5.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/InsurancePremiums">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_6537" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsTextBlock" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsTextBlock_6538" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_6537" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsTextBlock_6538" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/InsurancePremiumsTables">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_6539" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RollforwardOfPremiumsReceivableTableTextBlock" xlink:label="Locator_mbi_RollforwardOfPremiumsReceivableTableTextBlock_6540" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_6539" xlink:to="Locator_mbi_RollforwardOfPremiumsReceivableTableTextBlock_6540" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_6541" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UndiscountedFuturePremiumsByPeriodTableTextBlock" xlink:label="Locator_mbi_UndiscountedFuturePremiumsByPeriodTableTextBlock_6542" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_6541" xlink:to="Locator_mbi_UndiscountedFuturePremiumsByPeriodTableTextBlock_6542" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_6543" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UnearnedPremiumReserveAndFuturePremiumEarningsTableTextBlock" xlink:label="Locator_mbi_UnearnedPremiumReserveAndFuturePremiumEarningsTableTextBlock_6544" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_6543" xlink:to="Locator_mbi_UnearnedPremiumReserveAndFuturePremiumEarningsTableTextBlock_6544" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/InsuranceInForce">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuranceAbstract" xlink:label="Locator_us-gaap_InsuranceAbstract_6545" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceInForceTextBlock" xlink:label="Locator_mbi_InsuranceInForceTextBlock_6546" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InsuranceAbstract_6545" xlink:to="Locator_mbi_InsuranceInForceTextBlock_6546" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/InsuranceRegulationsAndDividends">
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsAbstract" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsAbstract_6547" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsTextBlock" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsTextBlock_6548" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsAbstract_6547" xlink:to="Locator_mbi_InsuranceRegulationsAndDividendsTextBlock_6548" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/PensionAndProfitSharingPlans">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GeneralDiscussionOfPensionAndOtherPostretirementBenefitsAbstract" xlink:label="Locator_us-gaap_GeneralDiscussionOfPensionAndOtherPostretirementBenefitsAbstract_6549" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:label="Locator_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_6550" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GeneralDiscussionOfPensionAndOtherPostretirementBenefitsAbstract_6549" xlink:to="Locator_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_6550" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/LongtermIncentivePlans">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6551" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_6552" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6551" xlink:to="Locator_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_6552" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/CommonAndPreferredStock">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="Locator_us-gaap_StockholdersEquityNoteAbstract_6553" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="Locator_us-gaap_StockholdersEquityNoteDisclosureTextBlock_6554" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StockholdersEquityNoteAbstract_6553" xlink:to="Locator_us-gaap_StockholdersEquityNoteDisclosureTextBlock_6554" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/RelatedPartyTransactions">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="Locator_us-gaap_RelatedPartyTransactionsAbstract_6555" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="Locator_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_6556" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RelatedPartyTransactionsAbstract_6555" xlink:to="Locator_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_6556" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureLongtermIncentivePlansNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_6707" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_6708" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RangeAxis_6707" xlink:to="Locator_mbi_RangeDomain_6708" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_6709" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinimumMember" xlink:label="Locator_us-gaap_MinimumMember_6710" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_6709" xlink:to="Locator_us-gaap_MinimumMember_6710" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_6711" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MaximumMember" xlink:label="Locator_us-gaap_MaximumMember_6712" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_6711" xlink:to="Locator_us-gaap_MaximumMember_6712" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="Locator_us-gaap_StatementScenarioAxis_6733" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_6734" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementScenarioAxis_6733" xlink:to="Locator_us-gaap_ScenarioUnspecifiedDomain_6734" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_6735" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AfterAmendmentMember" xlink:label="Locator_mbi_AfterAmendmentMember_6736" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScenarioUnspecifiedDomain_6735" xlink:to="Locator_mbi_AfterAmendmentMember_6736" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_6737" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PriorToAmendmentMember" xlink:label="Locator_mbi_PriorToAmendmentMember_6738" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScenarioUnspecifiedDomain_6737" xlink:to="Locator_mbi_PriorToAmendmentMember_6738" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6605" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6606" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6605" xlink:to="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6606" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6701" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_6702" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6701" xlink:to="Locator_us-gaap_RangeAxis_6702" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6703" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TitleOfIndividualAxis" xlink:label="Locator_us-gaap_TitleOfIndividualAxis_6704" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6703" xlink:to="Locator_us-gaap_TitleOfIndividualAxis_6704" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TitleOfIndividualAxis" xlink:label="Locator_us-gaap_TitleOfIndividualAxis_6727" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:label="Locator_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_6728" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TitleOfIndividualAxis_6727" xlink:to="Locator_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_6728" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:label="Locator_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_6729" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_KeyEmployeesMember" xlink:label="Locator_mbi_KeyEmployeesMember_6730" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_6729" xlink:to="Locator_mbi_KeyEmployeesMember_6730" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:label="Locator_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_6731" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_BoardOfDirectorsMember" xlink:label="Locator_mbi_BoardOfDirectorsMember_6732" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_6731" xlink:to="Locator_mbi_BoardOfDirectorsMember_6732" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6705" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="Locator_us-gaap_StatementScenarioAxis_6706" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6705" xlink:to="Locator_us-gaap_StatementScenarioAxis_6706" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6699" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="Locator_us-gaap_AwardTypeAxis_6700" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6699" xlink:to="Locator_us-gaap_AwardTypeAxis_6700" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="Locator_us-gaap_AwardTypeAxis_6713" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_6714" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AwardTypeAxis_6713" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_6714" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_6715" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OmnibusPlanMember" xlink:label="Locator_mbi_OmnibusPlanMember_6716" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_6715" xlink:to="Locator_mbi_OmnibusPlanMember_6716" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_6719" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RestrictedShareUnitMember" xlink:label="Locator_mbi_RestrictedShareUnitMember_6720" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_6719" xlink:to="Locator_mbi_RestrictedShareUnitMember_6720" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_6721" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EmployeeStockOptionMember" xlink:label="Locator_us-gaap_EmployeeStockOptionMember_6722" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_6721" xlink:to="Locator_us-gaap_EmployeeStockOptionMember_6722" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_6723" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PerformanceBasedAwardsMember" xlink:label="Locator_mbi_PerformanceBasedAwardsMember_6724" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_6723" xlink:to="Locator_mbi_PerformanceBasedAwardsMember_6724" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_6725" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DeferredCashAwardsMember" xlink:label="Locator_mbi_DeferredCashAwardsMember_6726" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_6725" xlink:to="Locator_mbi_DeferredCashAwardsMember_6726" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_6717" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RestrictedStockMember" xlink:label="Locator_us-gaap_RestrictedStockMember_6718" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_6717" xlink:to="Locator_us-gaap_RestrictedStockMember_6718" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6697" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6698" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6697" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6698" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6557" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_6558" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6557" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_6558" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6559" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockCapitalSharesReservedForFutureIssuance" xlink:label="Locator_us-gaap_CommonStockCapitalSharesReservedForFutureIssuance_6560" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6559" xlink:to="Locator_us-gaap_CommonStockCapitalSharesReservedForFutureIssuance_6560" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6561" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SharesIssuedUnderStockOptionsPlanCountedInLongTermIncentivePlan" xlink:label="Locator_mbi_SharesIssuedUnderStockOptionsPlanCountedInLongTermIncentivePlan_6562" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6561" xlink:to="Locator_mbi_SharesIssuedUnderStockOptionsPlanCountedInLongTermIncentivePlan_6562" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6563" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SharesIssuedUnderOtherThanStockOptionsPlanCountedInLongTermIncentivePlan" xlink:label="Locator_mbi_SharesIssuedUnderOtherThanStockOptionsPlanCountedInLongTermIncentivePlan_6564" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6563" xlink:to="Locator_mbi_SharesIssuedUnderOtherThanStockOptionsPlanCountedInLongTermIncentivePlan_6564" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6565" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IncentiveStockOptionsAndNonQualifiedStockOptionsGrantedPriceAtFairValueOfCommonStockPercentage" xlink:label="Locator_mbi_IncentiveStockOptionsAndNonQualifiedStockOptionsGrantedPriceAtFairValueOfCommonStockPercentage_6566" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6565" xlink:to="Locator_mbi_IncentiveStockOptionsAndNonQualifiedStockOptionsGrantedPriceAtFairValueOfCommonStockPercentage_6566" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6567" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:label="Locator_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_6568" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6567" xlink:to="Locator_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_6568" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6569" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_6570" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6569" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_6570" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6575" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_6576" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6575" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_6576" order="10.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6577" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross" xlink:label="Locator_us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross_6578" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6577" xlink:to="Locator_us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross_6578" order="11.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6579" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures" xlink:label="Locator_us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures_6580" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6579" xlink:to="Locator_us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures_6580" order="12.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6581" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense" xlink:label="Locator_us-gaap_AllocatedShareBasedCompensationExpense_6582" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6581" xlink:to="Locator_us-gaap_AllocatedShareBasedCompensationExpense_6582" order="13.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6583" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense" xlink:label="Locator_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense_6584" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6583" xlink:to="Locator_us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense_6584" order="14.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6585" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation" xlink:label="Locator_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_6586" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6585" xlink:to="Locator_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_6586" order="15.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6587" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="Locator_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_6588" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6587" xlink:to="Locator_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_6588" order="16.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6589" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DeferredTaxAssetWriteOff" xlink:label="Locator_mbi_DeferredTaxAssetWriteOff_6590" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6589" xlink:to="Locator_mbi_DeferredTaxAssetWriteOff_6590" order="17.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6591" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:label="Locator_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_6592" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6591" xlink:to="Locator_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_6592" order="18.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6593" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:label="Locator_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_6594" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6593" xlink:to="Locator_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_6594" order="19.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6595" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_6596" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6595" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_6596" order="20.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6597" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_6598" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6597" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_6598" order="21.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6599" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_6600" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6599" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_6600" order="22.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6573" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_6574" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6573" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_6574" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6601" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_6602" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6601" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_6602" order="23.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6571" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_6572" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6571" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_6572" order="8.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureLongTermIncentivePlansRestrictedSharesOutstandingDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6783" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6784" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6783" xlink:to="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6784" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6791" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="Locator_us-gaap_AwardTypeAxis_6792" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6791" xlink:to="Locator_us-gaap_AwardTypeAxis_6792" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="Locator_us-gaap_AwardTypeAxis_6785" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_6786" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AwardTypeAxis_6785" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_6786" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_6787" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RestrictedStockMember" xlink:label="Locator_us-gaap_RestrictedStockMember_6788" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_6787" xlink:to="Locator_us-gaap_RestrictedStockMember_6788" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6789" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6790" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6789" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6790" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6739" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_6740" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6739" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_6740" order="3.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6741" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_6742" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6741" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_6742" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6743" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_6744" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6743" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_6744" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6745" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_6746" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6745" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_6746" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6747" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_6748" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6747" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_6748" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6749" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_6750" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6749" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_6750" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6751" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_6752" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6751" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_6752" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6753" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_6754" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6753" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_6754" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6755" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_6756" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6755" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_6756" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6757" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_6758" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6757" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_6758" order="2.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/LongTermIncentivePlansNumberOfRestrictedShareAwardsGrantedDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6809" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6810" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6809" xlink:to="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6810" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:label="Locator_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_6813" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OfficerMember" xlink:label="Locator_us-gaap_OfficerMember_6814" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_6813" xlink:to="Locator_us-gaap_OfficerMember_6814" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:label="Locator_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_6815" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherOneMember" xlink:label="Locator_mbi_OtherOneMember_6816" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_6815" xlink:to="Locator_mbi_OtherOneMember_6816" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6811" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6812" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6811" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6812" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6793" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_6794" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_6793" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_6794" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6817" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NumberOfOptionsOrRestrictedShareAwardsGrantedByTitleOfIndividualAxis" xlink:label="Locator_mbi_NumberOfOptionsOrRestrictedShareAwardsGrantedByTitleOfIndividualAxis_6818" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_6817" xlink:to="Locator_mbi_NumberOfOptionsOrRestrictedShareAwardsGrantedByTitleOfIndividualAxis_6818" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NumberOfOptionsOrRestrictedShareAwardsGrantedByTitleOfIndividualAxis" xlink:label="Locator_mbi_NumberOfOptionsOrRestrictedShareAwardsGrantedByTitleOfIndividualAxis_6819" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:label="Locator_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_6820" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_NumberOfOptionsOrRestrictedShareAwardsGrantedByTitleOfIndividualAxis_6819" xlink:to="Locator_us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_6820" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/LongTermIncentivePlansStockOptionsOutstandingDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6823" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_6824" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6823" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_6824" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6825" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="Locator_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_6826" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6825" xlink:to="Locator_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_6826" order="3.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6827" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_6828" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6827" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_6828" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6821" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_6822" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6821" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_6822" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6829" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_6830" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6829" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_6830" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6831" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_6832" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6831" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_6832" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6835" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_6836" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6835" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_6836" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6837" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_6838" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6837" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_6838" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6839" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_6840" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6839" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_6840" order="10.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6833" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_6834" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6833" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_6834" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6841" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_6842" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6841" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_6842" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6843" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_6844" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6843" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_6844" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6845" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_6846" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6845" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_6846" order="13.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/LongTermIncentivePlansOutstandingAndExercisableStockOptionsDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6869" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTable" xlink:label="Locator_us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTable_6870" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6869" xlink:to="Locator_us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTable_6870" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTable" xlink:label="Locator_us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTable_6909" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6910" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTable_6909" xlink:to="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6910" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6847" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit" xlink:label="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit_6848" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6847" xlink:to="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit_6848" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6849" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit" xlink:label="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_6850" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6849" xlink:to="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit_6850" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6851" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_6852" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6851" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_6852" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6853" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_6854" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6853" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_6854" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6855" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="Locator_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_6856" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6855" xlink:to="Locator_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_6856" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6857" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1" xlink:label="Locator_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_6858" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6857" xlink:to="Locator_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_6858" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6859" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_6860" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6859" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_6860" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6861" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_6862" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6861" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_6862" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6863" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_6864" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6863" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_6864" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems" xlink:label="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6865" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1" xlink:label="Locator_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_6866" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems_6865" xlink:to="Locator_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_6866" order="10.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTable" xlink:label="Locator_us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTable_6911" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredCompensationArrangementWithIndividualShareBasedPaymentsByTypeOfDeferredCompensationAxis" xlink:label="Locator_us-gaap_DeferredCompensationArrangementWithIndividualShareBasedPaymentsByTypeOfDeferredCompensationAxis_6912" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTable_6911" xlink:to="Locator_us-gaap_DeferredCompensationArrangementWithIndividualShareBasedPaymentsByTypeOfDeferredCompensationAxis_6912" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredCompensationArrangementWithIndividualShareBasedPaymentsByTypeOfDeferredCompensationAxis" xlink:label="Locator_us-gaap_DeferredCompensationArrangementWithIndividualShareBasedPaymentsByTypeOfDeferredCompensationAxis_6915" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain" xlink:label="Locator_us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain_6916" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredCompensationArrangementWithIndividualShareBasedPaymentsByTypeOfDeferredCompensationAxis_6915" xlink:to="Locator_us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain_6916" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain" xlink:label="Locator_us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain_6923" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OptionsExercisableMember" xlink:label="Locator_mbi_OptionsExercisableMember_6924" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain_6923" xlink:to="Locator_mbi_OptionsExercisableMember_6924" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTable" xlink:label="Locator_us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTable_6913" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:label="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis_6914" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTable_6913" xlink:to="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis_6914" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis" xlink:label="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis_6917" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:label="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain_6918" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis_6917" xlink:to="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain_6918" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:label="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain_6919" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FourPointZeroTwoToFiftySevenPointSevenOneMember" xlink:label="Locator_mbi_FourPointZeroTwoToFiftySevenPointSevenOneMember_6920" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain_6919" xlink:to="Locator_mbi_FourPointZeroTwoToFiftySevenPointSevenOneMember_6920" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain" xlink:label="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain_6921" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FiftyEightPointEightFourToSeventyPointEightSixMember" xlink:label="Locator_mbi_FiftyEightPointEightFourToSeventyPointEightSixMember_6922" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain_6921" xlink:to="Locator_mbi_FiftyEightPointEightFourToSeventyPointEightSixMember_6922" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/LongtermIncentivePlansTables">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6925" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock" xlink:label="Locator_us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock_6926" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6925" xlink:to="Locator_us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock_6926" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6927" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfNumberOfRestrictedSharesAwardsGrantedTableTextBlock" xlink:label="Locator_mbi_ScheduleOfNumberOfRestrictedSharesAwardsGrantedTableTextBlock_6928" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6927" xlink:to="Locator_mbi_ScheduleOfNumberOfRestrictedSharesAwardsGrantedTableTextBlock_6928" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6929" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" xlink:label="Locator_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_6930" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6929" xlink:to="Locator_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_6930" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6931" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfNumberOfOptionsGrantedTableTextBlock" xlink:label="Locator_mbi_ScheduleOfNumberOfOptionsGrantedTableTextBlock_6932" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6931" xlink:to="Locator_mbi_ScheduleOfNumberOfOptionsGrantedTableTextBlock_6932" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6933" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:label="Locator_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_6934" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6933" xlink:to="Locator_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_6934" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6935" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock" xlink:label="Locator_us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock_6936" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_6935" xlink:to="Locator_us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock_6936" order="6.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DebtTables">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="Locator_us-gaap_DebtDisclosureAbstract_6937" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:label="Locator_us-gaap_ScheduleOfDebtInstrumentsTextBlock_6938" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtDisclosureAbstract_6937" xlink:to="Locator_us-gaap_ScheduleOfDebtInstrumentsTextBlock_6938" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="Locator_us-gaap_DebtDisclosureAbstract_6939" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:label="Locator_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_6940" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtDisclosureAbstract_6939" xlink:to="Locator_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_6940" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="Locator_us-gaap_DebtDisclosureAbstract_6941" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ExpectedPrincipalPaymentsDueUnderinvestmentAgreementsTableTextBlock" xlink:label="Locator_mbi_ExpectedPrincipalPaymentsDueUnderinvestmentAgreementsTableTextBlock_6942" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtDisclosureAbstract_6941" xlink:to="Locator_mbi_ExpectedPrincipalPaymentsDueUnderinvestmentAgreementsTableTextBlock_6942" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="Locator_us-gaap_DebtDisclosureAbstract_6943" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfPrincipalPaymentsDueUnderMediumTermNoteObligationsBasedOnContractualMaturityTableTextBlock" xlink:label="Locator_mbi_ScheduleOfPrincipalPaymentsDueUnderMediumTermNoteObligationsBasedOnContractualMaturityTableTextBlock_6944" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtDisclosureAbstract_6943" xlink:to="Locator_mbi_ScheduleOfPrincipalPaymentsDueUnderMediumTermNoteObligationsBasedOnContractualMaturityTableTextBlock_6944" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="Locator_us-gaap_DebtDisclosureAbstract_6945" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfMaturityOfVariableInterestEntitiesNotesBySegmentTableTextBlock" xlink:label="Locator_mbi_ScheduleOfMaturityOfVariableInterestEntitiesNotesBySegmentTableTextBlock_6946" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtDisclosureAbstract_6945" xlink:to="Locator_mbi_ScheduleOfMaturityOfVariableInterestEntitiesNotesBySegmentTableTextBlock_6946" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureDebtLongTermDebtDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6951" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LongTermDebtBeforeSurplusNotesNoncurrent" xlink:label="Locator_mbi_LongTermDebtBeforeSurplusNotesNoncurrent_6952" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6951" xlink:to="Locator_mbi_LongTermDebtBeforeSurplusNotesNoncurrent_6952" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6953" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SurplusNotes" xlink:label="Locator_us-gaap_SurplusNotes_6954" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6953" xlink:to="Locator_us-gaap_SurplusNotes_6954" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6957" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="Locator_us-gaap_LongTermDebtNoncurrent_6958" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6957" xlink:to="Locator_us-gaap_LongTermDebtNoncurrent_6958" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6959" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="Locator_us-gaap_DebtInstrumentInterestRateStatedPercentage_6960" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6959" xlink:to="Locator_us-gaap_DebtInstrumentInterestRateStatedPercentage_6960" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6961" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DebtInstrumentMaturityYear" xlink:label="Locator_mbi_DebtInstrumentMaturityYear_6962" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6961" xlink:to="Locator_mbi_DebtInstrumentMaturityYear_6962" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6963" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentCallDateEarliest" xlink:label="Locator_us-gaap_DebtInstrumentCallDateEarliest_6964" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6963" xlink:to="Locator_us-gaap_DebtInstrumentCallDateEarliest_6964" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6965" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DebtInstrumentCallDateForFirstFifthAnniversary" xlink:label="Locator_mbi_DebtInstrumentCallDateForFirstFifthAnniversary_6966" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6965" xlink:to="Locator_mbi_DebtInstrumentCallDateForFirstFifthAnniversary_6966" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6967" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DebtInstrumentCallDateForSecondFifthAnniversary" xlink:label="Locator_mbi_DebtInstrumentCallDateForSecondFifthAnniversary_6968" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6967" xlink:to="Locator_mbi_DebtInstrumentCallDateForSecondFifthAnniversary_6968" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6969" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentCallDateLatest" xlink:label="Locator_us-gaap_DebtInstrumentCallDateLatest_6970" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6969" xlink:to="Locator_us-gaap_DebtInstrumentCallDateLatest_6970" order="12.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6971" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:label="Locator_us-gaap_DebtInstrumentMaturityDate_6972" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6971" xlink:to="Locator_us-gaap_DebtInstrumentMaturityDate_6972" order="13.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6947" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="Locator_us-gaap_DebtInstrumentCarryingAmount_6948" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6947" xlink:to="Locator_us-gaap_DebtInstrumentCarryingAmount_6948" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6949" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscount" xlink:label="Locator_us-gaap_DebtInstrumentUnamortizedDiscount_6950" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6949" xlink:to="Locator_us-gaap_DebtInstrumentUnamortizedDiscount_6950" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_6955" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPayableCurrentAndNoncurrent" xlink:label="Locator_us-gaap_InterestPayableCurrentAndNoncurrent_6956" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_6955" xlink:to="Locator_us-gaap_InterestPayableCurrentAndNoncurrent_6956" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="Locator_us-gaap_DebtInstrumentAxis_7035" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_7036" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentAxis_7035" xlink:to="Locator_us-gaap_DebtInstrumentNameDomain_7036" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_7039" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SevenPointZeroZeroZeroPercentageDebenturesDueTwoThousandTwentyFiveMember" xlink:label="Locator_mbi_SevenPointZeroZeroZeroPercentageDebenturesDueTwoThousandTwentyFiveMember_7040" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_7039" xlink:to="Locator_mbi_SevenPointZeroZeroZeroPercentageDebenturesDueTwoThousandTwentyFiveMember_7040" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_7041" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SevenPointOneFiveZeroPercentageDebenturesDueTwoThousandTwentySevenMember" xlink:label="Locator_mbi_SevenPointOneFiveZeroPercentageDebenturesDueTwoThousandTwentySevenMember_7042" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_7041" xlink:to="Locator_mbi_SevenPointOneFiveZeroPercentageDebenturesDueTwoThousandTwentySevenMember_7042" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_7043" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SixPointSixTwoFivePercentageDebenturesDuetwothousandtwentyEightMember" xlink:label="Locator_mbi_SixPointSixTwoFivePercentageDebenturesDuetwothousandtwentyEightMember_7044" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_7043" xlink:to="Locator_mbi_SixPointSixTwoFivePercentageDebenturesDuetwothousandtwentyEightMember_7044" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_7049" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaIncSeniorNotesMember" xlink:label="Locator_mbi_MbiaIncSeniorNotesMember_7050" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_7049" xlink:to="Locator_mbi_MbiaIncSeniorNotesMember_7050" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_7047" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FourteenPercentageSurplusNotesDueTwoThousandThirtyThreeMember" xlink:label="Locator_mbi_FourteenPercentageSurplusNotesDueTwoThousandThirtyThreeMember_7048" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_7047" xlink:to="Locator_mbi_FourteenPercentageSurplusNotesDueTwoThousandThirtyThreeMember_7048" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_7037" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SixPointFourZeroZeroPercentageSeniorNotesDueTwoThousandTwentyTwoMember" xlink:label="Locator_mbi_SixPointFourZeroZeroPercentageSeniorNotesDueTwoThousandTwentyTwoMember_7038" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_7037" xlink:to="Locator_mbi_SixPointFourZeroZeroPercentageSeniorNotesDueTwoThousandTwentyTwoMember_7038" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_7045" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FivePointSevenZeroZeroPercentageSeniorNotesDueTwoThousandThirtyFourMember" xlink:label="Locator_mbi_FivePointSevenZeroZeroPercentageSeniorNotesDueTwoThousandThirtyFourMember_7046" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_7045" xlink:to="Locator_mbi_FivePointSevenZeroZeroPercentageSeniorNotesDueTwoThousandThirtyFourMember_7046" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="Locator_us-gaap_DebtDisclosureAbstract_6975" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="Locator_us-gaap_DebtInstrumentTable_6976" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtDisclosureAbstract_6975" xlink:to="Locator_us-gaap_DebtInstrumentTable_6976" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="Locator_us-gaap_DebtInstrumentTable_7031" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7032" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentTable_7031" xlink:to="Locator_us-gaap_DebtInstrumentLineItems_7032" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="Locator_us-gaap_DebtInstrumentTable_7033" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="Locator_us-gaap_DebtInstrumentAxis_7034" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentTable_7033" xlink:to="Locator_us-gaap_DebtInstrumentAxis_7034" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureDebtAggregateMaturityOfDebtObligationsDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7051" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NotesCallablePrice" xlink:label="Locator_mbi_NotesCallablePrice_7052" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7051" xlink:to="Locator_mbi_NotesCallablePrice_7052" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7065" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebt" xlink:label="Locator_us-gaap_LongTermDebt_7066" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7065" xlink:to="Locator_us-gaap_LongTermDebt_7066" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7053" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_7054" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7053" xlink:to="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_7054" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7055" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_7056" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7055" xlink:to="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_7056" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7057" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:label="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_7058" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7057" xlink:to="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_7058" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7059" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:label="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_7060" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7059" xlink:to="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_7060" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7061" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:label="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_7062" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7061" xlink:to="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_7062" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7063" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:label="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_7064" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7063" xlink:to="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_7064" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="Locator_us-gaap_DebtInstrumentAxis_7117" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_7118" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentAxis_7117" xlink:to="Locator_us-gaap_DebtInstrumentNameDomain_7118" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_7119" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CorporateDebtSecuritiesMember" xlink:label="Locator_us-gaap_CorporateDebtSecuritiesMember_7120" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_7119" xlink:to="Locator_us-gaap_CorporateDebtSecuritiesMember_7120" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_7121" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FourteenPercentageSurplusNotesDueTwoThousandThirtyThreeMember" xlink:label="Locator_mbi_FourteenPercentageSurplusNotesDueTwoThousandThirtyThreeMember_7122" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_7121" xlink:to="Locator_mbi_FourteenPercentageSurplusNotesDueTwoThousandThirtyThreeMember_7122" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_7123" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtMember" xlink:label="Locator_us-gaap_DebtMember_7124" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_7123" xlink:to="Locator_us-gaap_DebtMember_7124" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_7125" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SixPointFourZeroZeroPercentageSeniorNotesDueTwoThousandTwentyTwoMember" xlink:label="Locator_mbi_SixPointFourZeroZeroPercentageSeniorNotesDueTwoThousandTwentyTwoMember_7126" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_7125" xlink:to="Locator_mbi_SixPointFourZeroZeroPercentageSeniorNotesDueTwoThousandTwentyTwoMember_7126" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_7127" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FivePointSevenZeroZeroPercentageSeniorNotesDueTwoThousandThirtyFourMember" xlink:label="Locator_mbi_FivePointSevenZeroZeroPercentageSeniorNotesDueTwoThousandThirtyFourMember_7128" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_7127" xlink:to="Locator_mbi_FivePointSevenZeroZeroPercentageSeniorNotesDueTwoThousandThirtyFourMember_7128" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="Locator_us-gaap_DebtDisclosureAbstract_7069" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="Locator_us-gaap_DebtInstrumentTable_7070" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtDisclosureAbstract_7069" xlink:to="Locator_us-gaap_DebtInstrumentTable_7070" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="Locator_us-gaap_DebtInstrumentTable_7113" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7114" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentTable_7113" xlink:to="Locator_us-gaap_DebtInstrumentLineItems_7114" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="Locator_us-gaap_DebtInstrumentTable_7115" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="Locator_us-gaap_DebtInstrumentAxis_7116" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentTable_7115" xlink:to="Locator_us-gaap_DebtInstrumentAxis_7116" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DebtPrincipalPaymentsForInvestmentAgreementsMTNsAndVIEObligationsDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7129" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_7130" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7129" xlink:to="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_7130" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7131" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_7132" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7131" xlink:to="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_7132" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7133" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:label="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_7134" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7133" xlink:to="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_7134" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7135" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:label="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_7136" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7135" xlink:to="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_7136" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7137" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:label="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_7138" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7137" xlink:to="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_7138" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7139" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:label="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_7140" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7139" xlink:to="Locator_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_7140" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7141" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="Locator_us-gaap_DebtInstrumentCarryingAmount_7142" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7141" xlink:to="Locator_us-gaap_DebtInstrumentCarryingAmount_7142" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7143" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DiscountsNetOfFairValueAdjustmentsAndAccruedInterest" xlink:label="Locator_mbi_DiscountsNetOfFairValueAdjustmentsAndAccruedInterest_7144" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7143" xlink:to="Locator_mbi_DiscountsNetOfFairValueAdjustmentsAndAccruedInterest_7144" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7145" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements" xlink:label="Locator_us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements_7146" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7145" xlink:to="Locator_us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements_7146" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7147" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscount" xlink:label="Locator_us-gaap_DebtInstrumentUnamortizedDiscount_7148" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7147" xlink:to="Locator_us-gaap_DebtInstrumentUnamortizedDiscount_7148" order="10.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7149" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DebtInstrumentFairValueAdjustment" xlink:label="Locator_mbi_DebtInstrumentFairValueAdjustment_7150" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7149" xlink:to="Locator_mbi_DebtInstrumentFairValueAdjustment_7150" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7151" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPayableCurrentAndNoncurrent" xlink:label="Locator_us-gaap_InterestPayableCurrentAndNoncurrent_7152" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7151" xlink:to="Locator_us-gaap_InterestPayableCurrentAndNoncurrent_7152" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7153" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentFairValue" xlink:label="Locator_us-gaap_DebtInstrumentFairValue_7154" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentLineItems_7153" xlink:to="Locator_us-gaap_DebtInstrumentFairValue_7154" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="Locator_us-gaap_DebtInstrumentAxis_7221" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_7222" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentAxis_7221" xlink:to="Locator_us-gaap_DebtInstrumentNameDomain_7222" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_7223" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InvestmentAgreementObligationsMember" xlink:label="Locator_mbi_InvestmentAgreementObligationsMember_7224" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_7223" xlink:to="Locator_mbi_InvestmentAgreementObligationsMember_7224" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_7225" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MediumTermNotesMember" xlink:label="Locator_us-gaap_MediumTermNotesMember_7226" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_7225" xlink:to="Locator_us-gaap_MediumTermNotesMember_7226" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="Locator_us-gaap_DebtInstrumentNameDomain_7227" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_VariableInterestEntityDebtMember" xlink:label="Locator_mbi_VariableInterestEntityDebtMember_7228" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentNameDomain_7227" xlink:to="Locator_mbi_VariableInterestEntityDebtMember_7228" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="Locator_us-gaap_DebtDisclosureAbstract_7157" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="Locator_us-gaap_DebtInstrumentTable_7158" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtDisclosureAbstract_7157" xlink:to="Locator_us-gaap_DebtInstrumentTable_7158" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="Locator_us-gaap_DebtInstrumentTable_7215" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="Locator_us-gaap_DebtInstrumentLineItems_7216" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentTable_7215" xlink:to="Locator_us-gaap_DebtInstrumentLineItems_7216" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="Locator_us-gaap_DebtInstrumentTable_7217" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="Locator_us-gaap_DebtInstrumentAxis_7218" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentTable_7217" xlink:to="Locator_us-gaap_DebtInstrumentAxis_7218" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="Locator_us-gaap_DebtInstrumentTable_7219" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="Locator_us-gaap_StatementBusinessSegmentsAxis_7220" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtInstrumentTable_7219" xlink:to="Locator_us-gaap_StatementBusinessSegmentsAxis_7220" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="Locator_us-gaap_StatementBusinessSegmentsAxis_7229" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_7230" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementBusinessSegmentsAxis_7229" xlink:to="Locator_us-gaap_SegmentDomain_7230" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_7231" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_StructuredFinanceAndInternationalInsuranceMember" xlink:label="Locator_mbi_StructuredFinanceAndInternationalInsuranceMember_7232" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_7231" xlink:to="Locator_mbi_StructuredFinanceAndInternationalInsuranceMember_7232" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_7233" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AdvisoryServicesMember" xlink:label="Locator_mbi_AdvisoryServicesMember_7234" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_7233" xlink:to="Locator_mbi_AdvisoryServicesMember_7234" order="2.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureBusinessSegmentsSummaryOfCompanysSegmentResultsDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="Locator_us-gaap_StatementBusinessSegmentsAxis_7379" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_7380" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementBusinessSegmentsAxis_7379" xlink:to="Locator_us-gaap_SegmentDomain_7380" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_7381" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_USPublicFinanceInsuranceMember" xlink:label="Locator_mbi_USPublicFinanceInsuranceMember_7382" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_7381" xlink:to="Locator_mbi_USPublicFinanceInsuranceMember_7382" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_7383" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CorporateOperationsMember" xlink:label="Locator_mbi_CorporateOperationsMember_7384" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_7383" xlink:to="Locator_mbi_CorporateOperationsMember_7384" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_7385" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_StructuredFinanceAndInternationalInsuranceMember" xlink:label="Locator_mbi_StructuredFinanceAndInternationalInsuranceMember_7386" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_7385" xlink:to="Locator_mbi_StructuredFinanceAndInternationalInsuranceMember_7386" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_7387" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AdvisoryServicesMember" xlink:label="Locator_mbi_AdvisoryServicesMember_7388" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_7387" xlink:to="Locator_mbi_AdvisoryServicesMember_7388" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="Locator_us-gaap_SegmentDomain_7389" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ConduitsMember" xlink:label="Locator_mbi_ConduitsMember_7390" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentDomain_7389" xlink:to="Locator_mbi_ConduitsMember_7390" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="Locator_us-gaap_SegmentReportingAbstract_7275" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="Locator_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_7276" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingAbstract_7275" xlink:to="Locator_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_7276" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="Locator_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_7373" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7374" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_7373" xlink:to="Locator_us-gaap_SegmentReportingInformationLineItems_7374" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7235" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenueOtherFinancialServices" xlink:label="Locator_us-gaap_RevenueOtherFinancialServices_7236" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7235" xlink:to="Locator_us-gaap_RevenueOtherFinancialServices_7236" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7237" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:label="Locator_us-gaap_GainLossOnDerivativeInstrumentsNetPretax_7238" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7237" xlink:to="Locator_us-gaap_GainLossOnDerivativeInstrumentsNetPretax_7238" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7239" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xlink:label="Locator_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_7240" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7239" xlink:to="Locator_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_7240" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7241" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_7242" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7241" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_7242" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7243" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="Locator_us-gaap_GainsLossesOnExtinguishmentOfDebt_7244" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7243" xlink:to="Locator_us-gaap_GainsLossesOnExtinguishmentOfDebt_7244" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7245" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherIncome" xlink:label="Locator_us-gaap_OtherIncome_7246" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7245" xlink:to="Locator_us-gaap_OtherIncome_7246" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7247" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RevenuesOfConsolidatedVies" xlink:label="Locator_mbi_RevenuesOfConsolidatedVies_7248" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7247" xlink:to="Locator_mbi_RevenuesOfConsolidatedVies_7248" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7249" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity" xlink:label="Locator_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity_7250" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7249" xlink:to="Locator_mbi_RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity_7250" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7251" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SegmentRevenue" xlink:label="Locator_mbi_SegmentRevenue_7252" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7251" xlink:to="Locator_mbi_SegmentRevenue_7252" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7253" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PolicyholderBenefitsAndClaimsIncurredNet" xlink:label="Locator_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_7254" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7253" xlink:to="Locator_us-gaap_PolicyholderBenefitsAndClaimsIncurredNet_7254" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7255" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SellingGeneralAndAdministrativeExpense" xlink:label="Locator_us-gaap_SellingGeneralAndAdministrativeExpense_7256" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7255" xlink:to="Locator_us-gaap_SellingGeneralAndAdministrativeExpense_7256" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7257" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestExpense" xlink:label="Locator_us-gaap_InterestExpense_7258" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7257" xlink:to="Locator_us-gaap_InterestExpense_7258" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7259" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ExpensesOfConsolidatedVies" xlink:label="Locator_mbi_ExpensesOfConsolidatedVies_7260" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7259" xlink:to="Locator_mbi_ExpensesOfConsolidatedVies_7260" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7261" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity" xlink:label="Locator_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity_7262" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7261" xlink:to="Locator_mbi_ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity_7262" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7263" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SegmentExpense" xlink:label="Locator_mbi_SegmentExpense_7264" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7263" xlink:to="Locator_mbi_SegmentExpense_7264" order="15.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7265" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SegmentPretaxIncomeLoss" xlink:label="Locator_mbi_SegmentPretaxIncomeLoss_7266" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7265" xlink:to="Locator_mbi_SegmentPretaxIncomeLoss_7266" order="16.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7267" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="Locator_us-gaap_IncomeTaxExpenseBenefit_7268" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7267" xlink:to="Locator_us-gaap_IncomeTaxExpenseBenefit_7268" order="17.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7269" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="Locator_us-gaap_NetIncomeLoss_7270" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7269" xlink:to="Locator_us-gaap_NetIncomeLoss_7270" order="18.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="Locator_us-gaap_SegmentReportingInformationLineItems_7271" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Assets" xlink:label="Locator_us-gaap_Assets_7272" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentReportingInformationLineItems_7271" xlink:to="Locator_us-gaap_Assets_7272" order="19.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="Locator_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_7375" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationItemsAxis" xlink:label="Locator_us-gaap_ConsolidationItemsAxis_7376" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_7375" xlink:to="Locator_us-gaap_ConsolidationItemsAxis_7376" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationItemsAxis" xlink:label="Locator_us-gaap_ConsolidationItemsAxis_7391" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationItemsDomain" xlink:label="Locator_us-gaap_ConsolidationItemsDomain_7392" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ConsolidationItemsAxis_7391" xlink:to="Locator_us-gaap_ConsolidationItemsDomain_7392" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationItemsDomain" xlink:label="Locator_us-gaap_ConsolidationItemsDomain_7393" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingSegmentsMember" xlink:label="Locator_us-gaap_OperatingSegmentsMember_7394" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ConsolidationItemsDomain_7393" xlink:to="Locator_us-gaap_OperatingSegmentsMember_7394" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationItemsDomain" xlink:label="Locator_us-gaap_ConsolidationItemsDomain_7395" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IntersegmentEliminationMember" xlink:label="Locator_us-gaap_IntersegmentEliminationMember_7396" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ConsolidationItemsDomain_7395" xlink:to="Locator_us-gaap_IntersegmentEliminationMember_7396" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="Locator_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_7377" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="Locator_us-gaap_StatementBusinessSegmentsAxis_7378" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_7377" xlink:to="Locator_us-gaap_StatementBusinessSegmentsAxis_7378" order="2.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/InsuranceInForceTables">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuranceAbstract" xlink:label="Locator_us-gaap_InsuranceAbstract_7397" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfInsuranceInForceByGeographicLocationTableTextBlock" xlink:label="Locator_mbi_ScheduleOfInsuranceInForceByGeographicLocationTableTextBlock_7398" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InsuranceAbstract_7397" xlink:to="Locator_mbi_ScheduleOfInsuranceInForceByGeographicLocationTableTextBlock_7398" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuranceAbstract" xlink:label="Locator_us-gaap_InsuranceAbstract_7399" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ScheduleOfInsuranceInForceByBondTypeTableTextBlock" xlink:label="Locator_mbi_ScheduleOfInsuranceInForceByBondTypeTableTextBlock_7400" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InsuranceAbstract_7399" xlink:to="Locator_mbi_ScheduleOfInsuranceInForceByBondTypeTableTextBlock_7400" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuranceAbstract" xlink:label="Locator_us-gaap_InsuranceAbstract_7401" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SummaryOfReinsuranceAgreementsForInsuranceOperationsTableTextBlock" xlink:label="Locator_mbi_SummaryOfReinsuranceAgreementsForInsuranceOperationsTableTextBlock_7402" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InsuranceAbstract_7401" xlink:to="Locator_mbi_SummaryOfReinsuranceAgreementsForInsuranceOperationsTableTextBlock_7402" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuranceAbstract" xlink:label="Locator_us-gaap_InsuranceAbstract_7403" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SummaryOfFinancialGuaranteeNetPremiumsEarnedTableTextBlock" xlink:label="Locator_mbi_SummaryOfFinancialGuaranteeNetPremiumsEarnedTableTextBlock_7404" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InsuranceAbstract_7403" xlink:to="Locator_mbi_SummaryOfFinancialGuaranteeNetPremiumsEarnedTableTextBlock_7404" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureInsuranceInForceNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_7499" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_7500" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RangeAxis_7499" xlink:to="Locator_mbi_RangeDomain_7500" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_7501" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinimumMember" xlink:label="Locator_us-gaap_MinimumMember_7502" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_7501" xlink:to="Locator_us-gaap_MinimumMember_7502" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_7503" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MaximumMember" xlink:label="Locator_us-gaap_MaximumMember_7504" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_7503" xlink:to="Locator_us-gaap_MaximumMember_7504" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsByNatureAxis" xlink:label="Locator_us-gaap_GuaranteeObligationsByNatureAxis_7505" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsNatureDomain" xlink:label="Locator_us-gaap_GuaranteeObligationsNatureDomain_7506" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsByNatureAxis_7505" xlink:to="Locator_us-gaap_GuaranteeObligationsNatureDomain_7506" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsNatureDomain" xlink:label="Locator_us-gaap_GuaranteeObligationsNatureDomain_7507" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GuaranteesOfDerivativeContractsMember" xlink:label="Locator_mbi_GuaranteesOfDerivativeContractsMember_7508" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsNatureDomain_7507" xlink:to="Locator_mbi_GuaranteesOfDerivativeContractsMember_7508" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsNatureDomain" xlink:label="Locator_us-gaap_GuaranteeObligationsNatureDomain_7509" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InvestmentAgreementContractsMember" xlink:label="Locator_mbi_InvestmentAgreementContractsMember_7510" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsNatureDomain_7509" xlink:to="Locator_mbi_InvestmentAgreementContractsMember_7510" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuranceAbstract" xlink:label="Locator_us-gaap_InsuranceAbstract_7435" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfGuaranteeObligationsTable" xlink:label="Locator_us-gaap_ScheduleOfGuaranteeObligationsTable_7436" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InsuranceAbstract_7435" xlink:to="Locator_us-gaap_ScheduleOfGuaranteeObligationsTable_7436" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfGuaranteeObligationsTable" xlink:label="Locator_us-gaap_ScheduleOfGuaranteeObligationsTable_7491" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="Locator_us-gaap_GuaranteeObligationsLineItems_7492" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfGuaranteeObligationsTable_7491" xlink:to="Locator_us-gaap_GuaranteeObligationsLineItems_7492" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="Locator_us-gaap_GuaranteeObligationsLineItems_7405" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceInForceExpectedMaturityRangeYears" xlink:label="Locator_mbi_InsuranceInForceExpectedMaturityRangeYears_7406" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsLineItems_7405" xlink:to="Locator_mbi_InsuranceInForceExpectedMaturityRangeYears_7406" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="Locator_us-gaap_GuaranteeObligationsLineItems_7407" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TransactionsGuaranteedOnBehalfOfVariousAffiliates" xlink:label="Locator_mbi_TransactionsGuaranteedOnBehalfOfVariousAffiliates_7408" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsLineItems_7407" xlink:to="Locator_mbi_TransactionsGuaranteedOnBehalfOfVariousAffiliates_7408" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="Locator_us-gaap_GuaranteeObligationsLineItems_7409" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsMaximumExposure" xlink:label="Locator_us-gaap_GuaranteeObligationsMaximumExposure_7410" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsLineItems_7409" xlink:to="Locator_us-gaap_GuaranteeObligationsMaximumExposure_7410" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="Locator_us-gaap_GuaranteeObligationsLineItems_7411" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLowerRemainingMaturityRange1" xlink:label="Locator_us-gaap_DerivativeLowerRemainingMaturityRange1_7412" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsLineItems_7411" xlink:to="Locator_us-gaap_DerivativeLowerRemainingMaturityRange1_7412" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="Locator_us-gaap_GuaranteeObligationsLineItems_7413" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeHigherRemainingMaturityRange1" xlink:label="Locator_us-gaap_DerivativeHigherRemainingMaturityRange1_7414" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsLineItems_7413" xlink:to="Locator_us-gaap_DerivativeHigherRemainingMaturityRange1_7414" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="Locator_us-gaap_GuaranteeObligationsLineItems_7415" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="Locator_us-gaap_DerivativeLiabilities_7416" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsLineItems_7415" xlink:to="Locator_us-gaap_DerivativeLiabilities_7416" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="Locator_us-gaap_GuaranteeObligationsLineItems_7417" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FutureGuaranteePaymentsMaturityRange" xlink:label="Locator_mbi_FutureGuaranteePaymentsMaturityRange_7418" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsLineItems_7417" xlink:to="Locator_mbi_FutureGuaranteePaymentsMaturityRange_7418" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="Locator_us-gaap_GuaranteeObligationsLineItems_7419" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ReinsuranceRecoverablesSecuredByLettersOfCreditAmount" xlink:label="Locator_mbi_ReinsuranceRecoverablesSecuredByLettersOfCreditAmount_7420" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsLineItems_7419" xlink:to="Locator_mbi_ReinsuranceRecoverablesSecuredByLettersOfCreditAmount_7420" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="Locator_us-gaap_GuaranteeObligationsLineItems_7421" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AggregateAmountInsuranceInForceOutstandingCededToReinsurers" xlink:label="Locator_mbi_AggregateAmountInsuranceInForceOutstandingCededToReinsurers_7422" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsLineItems_7421" xlink:to="Locator_mbi_AggregateAmountInsuranceInForceOutstandingCededToReinsurers_7422" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="Locator_us-gaap_GuaranteeObligationsLineItems_7423" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ThirdPartyReinsurance" xlink:label="Locator_mbi_ThirdPartyReinsurance_7424" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsLineItems_7423" xlink:to="Locator_mbi_ThirdPartyReinsurance_7424" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="Locator_us-gaap_GuaranteeObligationsLineItems_7425" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AmountOfInsuranceInForceForFgicPolicies" xlink:label="Locator_mbi_AmountOfInsuranceInForceForFgicPolicies_7426" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsLineItems_7425" xlink:to="Locator_mbi_AmountOfInsuranceInForceForFgicPolicies_7426" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="Locator_us-gaap_GuaranteeObligationsLineItems_7427" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AggregateAmountOfInsuredParOutstandingCededToReinsurers" xlink:label="Locator_mbi_AggregateAmountOfInsuredParOutstandingCededToReinsurers_7428" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsLineItems_7427" xlink:to="Locator_mbi_AggregateAmountOfInsuredParOutstandingCededToReinsurers_7428" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="Locator_us-gaap_GuaranteeObligationsLineItems_7429" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuranceRecoveries" xlink:label="Locator_us-gaap_InsuranceRecoveries_7430" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsLineItems_7429" xlink:to="Locator_us-gaap_InsuranceRecoveries_7430" order="13.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="Locator_us-gaap_GuaranteeObligationsLineItems_7431" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FeesAndCommissionsOther" xlink:label="Locator_us-gaap_FeesAndCommissionsOther_7432" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsLineItems_7431" xlink:to="Locator_us-gaap_FeesAndCommissionsOther_7432" order="14.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfGuaranteeObligationsTable" xlink:label="Locator_us-gaap_ScheduleOfGuaranteeObligationsTable_7493" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_7494" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfGuaranteeObligationsTable_7493" xlink:to="Locator_us-gaap_RangeAxis_7494" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfGuaranteeObligationsTable" xlink:label="Locator_us-gaap_ScheduleOfGuaranteeObligationsTable_7495" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsByNatureAxis" xlink:label="Locator_us-gaap_GuaranteeObligationsByNatureAxis_7496" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfGuaranteeObligationsTable_7495" xlink:to="Locator_us-gaap_GuaranteeObligationsByNatureAxis_7496" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfGuaranteeObligationsTable" xlink:label="Locator_us-gaap_ScheduleOfGuaranteeObligationsTable_7497" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CounterpartyNameAxis" xlink:label="Locator_us-gaap_CounterpartyNameAxis_7498" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfGuaranteeObligationsTable_7497" xlink:to="Locator_us-gaap_CounterpartyNameAxis_7498" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CounterpartyNameAxis" xlink:label="Locator_us-gaap_CounterpartyNameAxis_7511" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:label="Locator_us-gaap_RepurchaseAgreementCounterpartyNameDomain_7512" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CounterpartyNameAxis_7511" xlink:to="Locator_us-gaap_RepurchaseAgreementCounterpartyNameDomain_7512" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:label="Locator_us-gaap_RepurchaseAgreementCounterpartyNameDomain_7513" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FinancialGuarantyInsuranceCompanyMember" xlink:label="Locator_mbi_FinancialGuarantyInsuranceCompanyMember_7514" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RepurchaseAgreementCounterpartyNameDomain_7513" xlink:to="Locator_mbi_FinancialGuarantyInsuranceCompanyMember_7514" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureInsuranceInForceScheduleOfGeographicalDistributionOfInsuranceInForceDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_7569" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementGeographicalAxis" xlink:label="Locator_us-gaap_StatementGeographicalAxis_7570" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_7569" xlink:to="Locator_us-gaap_StatementGeographicalAxis_7570" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementGeographicalAxis" xlink:label="Locator_us-gaap_StatementGeographicalAxis_7571" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7572" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementGeographicalAxis_7571" xlink:to="Locator_us-gaap_SegmentGeographicalDomain_7572" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7573" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_CA" xlink:label="Locator_stpr_CA_7574" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7573" xlink:to="Locator_stpr_CA_7574" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7575" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_NY" xlink:label="Locator_stpr_NY_7576" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7575" xlink:to="Locator_stpr_NY_7576" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7577" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_IL" xlink:label="Locator_stpr_IL_7578" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7577" xlink:to="Locator_stpr_IL_7578" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7579" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_FL" xlink:label="Locator_stpr_FL_7580" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7579" xlink:to="Locator_stpr_FL_7580" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7581" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_TX" xlink:label="Locator_stpr_TX_7582" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7581" xlink:to="Locator_stpr_TX_7582" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7583" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_NJ" xlink:label="Locator_stpr_NJ_7584" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7583" xlink:to="Locator_stpr_NJ_7584" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7585" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_MI" xlink:label="Locator_stpr_MI_7586" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7585" xlink:to="Locator_stpr_MI_7586" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7587" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_PA" xlink:label="Locator_stpr_PA_7588" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7587" xlink:to="Locator_stpr_PA_7588" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7589" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_WA" xlink:label="Locator_stpr_WA_7590" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7589" xlink:to="Locator_stpr_WA_7590" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7591" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_PR" xlink:label="Locator_country_PR_7592" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7591" xlink:to="Locator_country_PR_7592" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7593" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_CO" xlink:label="Locator_stpr_CO_7594" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7593" xlink:to="Locator_stpr_CO_7594" order="11.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7595" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SubTotalInsuranceInForceMember" xlink:label="Locator_mbi_SubTotalInsuranceInForceMember_7596" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7595" xlink:to="Locator_mbi_SubTotalInsuranceInForceMember_7596" order="12.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7597" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NationallyDiversifiedMember" xlink:label="Locator_mbi_NationallyDiversifiedMember_7598" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7597" xlink:to="Locator_mbi_NationallyDiversifiedMember_7598" order="13.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7599" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherStatesMember" xlink:label="Locator_mbi_OtherStatesMember_7600" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7599" xlink:to="Locator_mbi_OtherStatesMember_7600" order="14.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7603" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InternationallyDiversifiedMember" xlink:label="Locator_mbi_InternationallyDiversifiedMember_7604" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7603" xlink:to="Locator_mbi_InternationallyDiversifiedMember_7604" order="16.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7605" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CountrySpecificMember" xlink:label="Locator_mbi_CountrySpecificMember_7606" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7605" xlink:to="Locator_mbi_CountrySpecificMember_7606" order="17.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7601" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_US" xlink:label="Locator_country_US_7602" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7601" xlink:to="Locator_country_US_7602" order="15.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7607" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonUnitedStatesMember" xlink:label="Locator_mbi_NonUnitedStatesMember_7608" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7607" xlink:to="Locator_mbi_NonUnitedStatesMember_7608" order="18.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_7567" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_7568" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_7567" xlink:to="Locator_us-gaap_StatementLineItems_7568" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_7515" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParticipatingPoliciesAmountInForce" xlink:label="Locator_us-gaap_ParticipatingPoliciesAmountInForce_7516" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_7515" xlink:to="Locator_us-gaap_ParticipatingPoliciesAmountInForce_7516" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_7517" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParticipatingPoliciesAsPercentageOfGrossInsuranceInForce" xlink:label="Locator_us-gaap_ParticipatingPoliciesAsPercentageOfGrossInsuranceInForce_7518" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_7517" xlink:to="Locator_us-gaap_ParticipatingPoliciesAsPercentageOfGrossInsuranceInForce_7518" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuranceAbstract" xlink:label="Locator_us-gaap_InsuranceAbstract_7521" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_7522" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InsuranceAbstract_7521" xlink:to="Locator_us-gaap_StatementTable_7522" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureInsuranceInForceScheduleOfInsuranceInForceByTypeOfBondExcludingTransactionsGuaranteedByMBIACorpOnBehalfOfVariousInvestmentManagementServicesAffiliatedCompaniesDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_7687" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassAxis" xlink:label="Locator_us-gaap_UnderlyingAssetClassAxis_7688" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_7687" xlink:to="Locator_us-gaap_UnderlyingAssetClassAxis_7688" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassAxis" xlink:label="Locator_us-gaap_UnderlyingAssetClassAxis_7705" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7706" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassAxis_7705" xlink:to="Locator_us-gaap_UnderlyingAssetClassDomain_7706" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7707" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GeneralObligationMember" xlink:label="Locator_mbi_GeneralObligationMember_7708" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7707" xlink:to="Locator_mbi_GeneralObligationMember_7708" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7709" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GeneralObligationLeaseMember" xlink:label="Locator_mbi_GeneralObligationLeaseMember_7710" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7709" xlink:to="Locator_mbi_GeneralObligationLeaseMember_7710" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7711" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MunicipalUtilitiesMember" xlink:label="Locator_mbi_MunicipalUtilitiesMember_7712" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7711" xlink:to="Locator_mbi_MunicipalUtilitiesMember_7712" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7713" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TaxBackedMember" xlink:label="Locator_mbi_TaxBackedMember_7714" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7713" xlink:to="Locator_mbi_TaxBackedMember_7714" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7715" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TransportationMember" xlink:label="Locator_mbi_TransportationMember_7716" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7715" xlink:to="Locator_mbi_TransportationMember_7716" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7717" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_HigherEducationMember" xlink:label="Locator_mbi_HigherEducationMember_7718" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7717" xlink:to="Locator_mbi_HigherEducationMember_7718" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7719" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_HealthCareMember" xlink:label="Locator_mbi_HealthCareMember_7720" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7719" xlink:to="Locator_mbi_HealthCareMember_7720" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7721" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MilitaryHousingMember" xlink:label="Locator_mbi_MilitaryHousingMember_7722" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7721" xlink:to="Locator_mbi_MilitaryHousingMember_7722" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7723" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InvestorOwnedUtilitiesMember" xlink:label="Locator_mbi_InvestorOwnedUtilitiesMember_7724" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7723" xlink:to="Locator_mbi_InvestorOwnedUtilitiesMember_7724" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7725" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MunicipalHousingMember" xlink:label="Locator_mbi_MunicipalHousingMember_7726" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7725" xlink:to="Locator_mbi_MunicipalHousingMember_7726" order="10.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7727" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_StudentLoansMember" xlink:label="Locator_mbi_StudentLoansMember_7728" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7727" xlink:to="Locator_mbi_StudentLoansMember_7728" order="11.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7729" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherPublicFinanceMember" xlink:label="Locator_mbi_OtherPublicFinanceMember_7730" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7729" xlink:to="Locator_mbi_OtherPublicFinanceMember_7730" order="12.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7731" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InternationalUtilitiesMember" xlink:label="Locator_mbi_InternationalUtilitiesMember_7732" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7731" xlink:to="Locator_mbi_InternationalUtilitiesMember_7732" order="13.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7733" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SovereignRelatedAndSubSovereignMember" xlink:label="Locator_mbi_SovereignRelatedAndSubSovereignMember_7734" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7733" xlink:to="Locator_mbi_SovereignRelatedAndSubSovereignMember_7734" order="14.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7735" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LocalGovernmentsMember" xlink:label="Locator_mbi_LocalGovernmentsMember_7736" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7735" xlink:to="Locator_mbi_LocalGovernmentsMember_7736" order="15.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7737" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CollateralizedDebtObligationsMember" xlink:label="Locator_us-gaap_CollateralizedDebtObligationsMember_7738" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7737" xlink:to="Locator_us-gaap_CollateralizedDebtObligationsMember_7738" order="16.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7739" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ResidentialMortgageBackedSecuritiesMember" xlink:label="Locator_us-gaap_ResidentialMortgageBackedSecuritiesMember_7740" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7739" xlink:to="Locator_us-gaap_ResidentialMortgageBackedSecuritiesMember_7740" order="17.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7741" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:label="Locator_us-gaap_CommercialMortgageBackedSecuritiesMember_7742" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7741" xlink:to="Locator_us-gaap_CommercialMortgageBackedSecuritiesMember_7742" order="18.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7743" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ConsumerAssetBackedMember" xlink:label="Locator_mbi_ConsumerAssetBackedMember_7744" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7743" xlink:to="Locator_mbi_ConsumerAssetBackedMember_7744" order="19.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7745" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CorporateAssetBackedMember" xlink:label="Locator_mbi_CorporateAssetBackedMember_7746" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7745" xlink:to="Locator_mbi_CorporateAssetBackedMember_7746" order="20.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnderlyingAssetClassDomain" xlink:label="Locator_us-gaap_UnderlyingAssetClassDomain_7747" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_StructuredInsuranceSecuritizationsMember" xlink:label="Locator_mbi_StructuredInsuranceSecuritizationsMember_7748" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_UnderlyingAssetClassDomain_7747" xlink:to="Locator_mbi_StructuredInsuranceSecuritizationsMember_7748" order="21.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_7689" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsByNatureAxis" xlink:label="Locator_us-gaap_GuaranteeObligationsByNatureAxis_7690" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_7689" xlink:to="Locator_us-gaap_GuaranteeObligationsByNatureAxis_7690" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsByNatureAxis" xlink:label="Locator_us-gaap_GuaranteeObligationsByNatureAxis_7693" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsNatureDomain" xlink:label="Locator_us-gaap_GuaranteeObligationsNatureDomain_7694" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsByNatureAxis_7693" xlink:to="Locator_us-gaap_GuaranteeObligationsNatureDomain_7694" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsNatureDomain" xlink:label="Locator_us-gaap_GuaranteeObligationsNatureDomain_7695" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GlobalPublicFinanceMember" xlink:label="Locator_mbi_GlobalPublicFinanceMember_7696" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsNatureDomain_7695" xlink:to="Locator_mbi_GlobalPublicFinanceMember_7696" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GuaranteeObligationsNatureDomain" xlink:label="Locator_us-gaap_GuaranteeObligationsNatureDomain_7697" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GlobalStructuredFinanceMember" xlink:label="Locator_mbi_GlobalStructuredFinanceMember_7698" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GuaranteeObligationsNatureDomain_7697" xlink:to="Locator_mbi_GlobalStructuredFinanceMember_7698" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_7691" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementGeographicalAxis" xlink:label="Locator_us-gaap_StatementGeographicalAxis_7692" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_7691" xlink:to="Locator_us-gaap_StatementGeographicalAxis_7692" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementGeographicalAxis" xlink:label="Locator_us-gaap_StatementGeographicalAxis_7699" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7700" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementGeographicalAxis_7699" xlink:to="Locator_us-gaap_SegmentGeographicalDomain_7700" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7701" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd#country_US" xlink:label="Locator_country_US_7702" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7701" xlink:to="Locator_country_US_7702" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="Locator_us-gaap_SegmentGeographicalDomain_7703" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonUnitedStatesMember" xlink:label="Locator_mbi_NonUnitedStatesMember_7704" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SegmentGeographicalDomain_7703" xlink:to="Locator_mbi_NonUnitedStatesMember_7704" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_7685" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_7686" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_7685" xlink:to="Locator_us-gaap_StatementLineItems_7686" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_7609" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParticipatingPoliciesAmountInForce" xlink:label="Locator_us-gaap_ParticipatingPoliciesAmountInForce_7610" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_7609" xlink:to="Locator_us-gaap_ParticipatingPoliciesAmountInForce_7610" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_7611" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParticipatingPoliciesAsPercentageOfGrossInsuranceInForce" xlink:label="Locator_us-gaap_ParticipatingPoliciesAsPercentageOfGrossInsuranceInForce_7612" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_7611" xlink:to="Locator_us-gaap_ParticipatingPoliciesAsPercentageOfGrossInsuranceInForce_7612" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuranceAbstract" xlink:label="Locator_us-gaap_InsuranceAbstract_7615" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_7616" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InsuranceAbstract_7615" xlink:to="Locator_us-gaap_StatementTable_7616" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureInsuranceInForceSummaryOfCompanysReinsuranceAgreementsForUSPublicFinanceAndStructuredFinanceAndInternationalInsuranceOperationsDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_7791" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CededCreditRiskAxis" xlink:label="Locator_us-gaap_CededCreditRiskAxis_7792" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_7791" xlink:to="Locator_us-gaap_CededCreditRiskAxis_7792" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CededCreditRiskAxis" xlink:label="Locator_us-gaap_CededCreditRiskAxis_7793" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CededCreditRiskReinsurerDomain" xlink:label="Locator_us-gaap_CededCreditRiskReinsurerDomain_7794" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CededCreditRiskAxis_7793" xlink:to="Locator_us-gaap_CededCreditRiskReinsurerDomain_7794" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CededCreditRiskReinsurerDomain" xlink:label="Locator_us-gaap_CededCreditRiskReinsurerDomain_7795" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AssuredGuarantyCorpMember" xlink:label="Locator_mbi_AssuredGuarantyCorpMember_7796" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CededCreditRiskReinsurerDomain_7795" xlink:to="Locator_mbi_AssuredGuarantyCorpMember_7796" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CededCreditRiskReinsurerDomain" xlink:label="Locator_us-gaap_CededCreditRiskReinsurerDomain_7797" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AssuredGuarantyReLtdMember" xlink:label="Locator_mbi_AssuredGuarantyReLtdMember_7798" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CededCreditRiskReinsurerDomain_7797" xlink:to="Locator_mbi_AssuredGuarantyReLtdMember_7798" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CededCreditRiskReinsurerDomain" xlink:label="Locator_us-gaap_CededCreditRiskReinsurerDomain_7799" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OverseasPrivateInvestmentCorporationMember" xlink:label="Locator_mbi_OverseasPrivateInvestmentCorporationMember_7800" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CededCreditRiskReinsurerDomain_7799" xlink:to="Locator_mbi_OverseasPrivateInvestmentCorporationMember_7800" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CededCreditRiskReinsurerDomain" xlink:label="Locator_us-gaap_CededCreditRiskReinsurerDomain_7801" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ExportDevelopmentCanadaMember" xlink:label="Locator_mbi_ExportDevelopmentCanadaMember_7802" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CededCreditRiskReinsurerDomain_7801" xlink:to="Locator_mbi_ExportDevelopmentCanadaMember_7802" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CededCreditRiskReinsurerDomain" xlink:label="Locator_us-gaap_CededCreditRiskReinsurerDomain_7803" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherReinsurersMember" xlink:label="Locator_mbi_OtherReinsurersMember_7804" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CededCreditRiskReinsurerDomain_7803" xlink:to="Locator_mbi_OtherReinsurersMember_7804" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_7789" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_7790" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_7789" xlink:to="Locator_us-gaap_StatementLineItems_7790" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_7749" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AggregateAmountOfInsuredParOutstandingCededToReinsurers" xlink:label="Locator_mbi_AggregateAmountOfInsuredParOutstandingCededToReinsurers_7750" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_7749" xlink:to="Locator_mbi_AggregateAmountOfInsuredParOutstandingCededToReinsurers_7750" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_7751" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ReinsuranceRecoverablesSecuredByLettersOfCreditAmount" xlink:label="Locator_mbi_ReinsuranceRecoverablesSecuredByLettersOfCreditAmount_7752" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_7751" xlink:to="Locator_mbi_ReinsuranceRecoverablesSecuredByLettersOfCreditAmount_7752" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_7753" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReinsuranceRecoverables" xlink:label="Locator_us-gaap_ReinsuranceRecoverables_7754" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_7753" xlink:to="Locator_us-gaap_ReinsuranceRecoverables_7754" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_7755" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReinsuranceRecoverablesOnPaidLosses" xlink:label="Locator_us-gaap_ReinsuranceRecoverablesOnPaidLosses_7756" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_7755" xlink:to="Locator_us-gaap_ReinsuranceRecoverablesOnPaidLosses_7756" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_7757" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReinsuranceRecoverablesOnUnpaidLosses" xlink:label="Locator_us-gaap_ReinsuranceRecoverablesOnUnpaidLosses_7758" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_7757" xlink:to="Locator_us-gaap_ReinsuranceRecoverablesOnUnpaidLosses_7758" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuranceAbstract" xlink:label="Locator_us-gaap_InsuranceAbstract_7761" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_7762" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InsuranceAbstract_7761" xlink:to="Locator_us-gaap_StatementTable_7762" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureInsuranceInForceSummaryOfComponentsOfFinancialGuaranteeNetPremiumsEarnedIncludingPremiumsAssumedFromAndCededToOtherCompaniesDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuranceAbstract" xlink:label="Locator_us-gaap_InsuranceAbstract_7805" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DirectPremiumsEarned" xlink:label="Locator_us-gaap_DirectPremiumsEarned_7806" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InsuranceAbstract_7805" xlink:to="Locator_us-gaap_DirectPremiumsEarned_7806" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuranceAbstract" xlink:label="Locator_us-gaap_InsuranceAbstract_7807" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssumedPremiumsEarned" xlink:label="Locator_us-gaap_AssumedPremiumsEarned_7808" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InsuranceAbstract_7807" xlink:to="Locator_us-gaap_AssumedPremiumsEarned_7808" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuranceAbstract" xlink:label="Locator_us-gaap_InsuranceAbstract_7809" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GrossPremiumEarnedFinancialGuaranteeInsuranceContracts" xlink:label="Locator_mbi_GrossPremiumEarnedFinancialGuaranteeInsuranceContracts_7810" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InsuranceAbstract_7809" xlink:to="Locator_mbi_GrossPremiumEarnedFinancialGuaranteeInsuranceContracts_7810" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuranceAbstract" xlink:label="Locator_us-gaap_InsuranceAbstract_7811" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CededPremiumsEarned" xlink:label="Locator_us-gaap_CededPremiumsEarned_7812" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InsuranceAbstract_7811" xlink:to="Locator_us-gaap_CededPremiumsEarned_7812" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InsuranceAbstract" xlink:label="Locator_us-gaap_InsuranceAbstract_7813" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsEarnedNet" xlink:label="Locator_us-gaap_PremiumsEarnedNet_7814" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InsuranceAbstract_7813" xlink:to="Locator_us-gaap_PremiumsEarnedNet_7814" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/ScheduleIIParentCompanyFinancials">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract" xlink:label="Locator_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract_7823" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock" xlink:label="Locator_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock_7824" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract_7823" xlink:to="Locator_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock_7824" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/ScheduleIInvestments">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesAbstract" xlink:label="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesAbstract_7825" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTextBlock" xlink:label="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTextBlock_7826" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesAbstract_7825" xlink:to="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTextBlock_7826" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/ScheduleIVReinsurance">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract" xlink:label="Locator_us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract_7827" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesTextBlock" xlink:label="Locator_us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesTextBlock_7828" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract_7827" xlink:to="Locator_us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesTextBlock_7828" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureScheduleIInvestmentsDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_7945" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_7946" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_7945" xlink:to="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_7946" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_7947" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AssetsOfConsolidatedVIEsMember" xlink:label="Locator_mbi_AssetsOfConsolidatedVIEsMember_7948" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentCategoryDomain_7947" xlink:to="Locator_mbi_AssetsOfConsolidatedVIEsMember_7948" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="Locator_invest_InvestmentAxis_7917" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_7918" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentAxis_7917" xlink:to="Locator_invest_InvestmentDomain_7918" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_7919" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_USTreasuryAndGovernmentMember" xlink:label="Locator_us-gaap_USTreasuryAndGovernmentMember_7920" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_7919" xlink:to="Locator_us-gaap_USTreasuryAndGovernmentMember_7920" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_7921" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_USStatesAndPoliticalSubdivisionsMember" xlink:label="Locator_us-gaap_USStatesAndPoliticalSubdivisionsMember_7922" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_7921" xlink:to="Locator_us-gaap_USStatesAndPoliticalSubdivisionsMember_7922" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_7923" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForeignGovernmentDebtMember" xlink:label="Locator_us-gaap_ForeignGovernmentDebtMember_7924" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_7923" xlink:to="Locator_us-gaap_ForeignGovernmentDebtMember_7924" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_7925" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CorporateDebtSecuritiesMember" xlink:label="Locator_us-gaap_CorporateDebtSecuritiesMember_7926" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_7925" xlink:to="Locator_us-gaap_CorporateDebtSecuritiesMember_7926" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_7927" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ResidentialMortgageBackedAgencyMember" xlink:label="Locator_mbi_ResidentialMortgageBackedAgencyMember_7928" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_7927" xlink:to="Locator_mbi_ResidentialMortgageBackedAgencyMember_7928" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_7929" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ResidentialMortgageBackedNonAgencyMember" xlink:label="Locator_mbi_ResidentialMortgageBackedNonAgencyMember_7930" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_7929" xlink:to="Locator_mbi_ResidentialMortgageBackedNonAgencyMember_7930" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_7931" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:label="Locator_us-gaap_CommercialMortgageBackedSecuritiesMember_7932" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_7931" xlink:to="Locator_us-gaap_CommercialMortgageBackedSecuritiesMember_7932" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_7933" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CollateralizedDebtObligationsMember" xlink:label="Locator_us-gaap_CollateralizedDebtObligationsMember_7934" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_7933" xlink:to="Locator_us-gaap_CollateralizedDebtObligationsMember_7934" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_7935" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherAssetBackedMember" xlink:label="Locator_mbi_OtherAssetBackedMember_7936" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_7935" xlink:to="Locator_mbi_OtherAssetBackedMember_7936" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_7937" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MoneyMarketSecuritiesMember" xlink:label="Locator_mbi_MoneyMarketSecuritiesMember_7938" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_7937" xlink:to="Locator_mbi_MoneyMarketSecuritiesMember_7938" order="10.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_7939" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PerpetualDebtAndEquitySecuritiesMember" xlink:label="Locator_mbi_PerpetualDebtAndEquitySecuritiesMember_7940" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_7939" xlink:to="Locator_mbi_PerpetualDebtAndEquitySecuritiesMember_7940" order="11.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_7941" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAggregatedInvestmentsMember" xlink:label="Locator_us-gaap_OtherAggregatedInvestmentsMember_7942" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_7941" xlink:to="Locator_us-gaap_OtherAggregatedInvestmentsMember_7942" order="12.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="Locator_invest_InvestmentDomain_7943" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansReceivableMember" xlink:label="Locator_us-gaap_LoansReceivableMember_7944" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_invest_InvestmentDomain_7943" xlink:to="Locator_us-gaap_LoansReceivableMember_7944" order="13.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesAbstract" xlink:label="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesAbstract_7837" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable" xlink:label="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable_7838" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesAbstract_7837" xlink:to="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable_7838" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable" xlink:label="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable_7907" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesReportableDataLineItems" xlink:label="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesReportableDataLineItems_7908" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable_7907" xlink:to="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesReportableDataLineItems_7908" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesReportableDataLineItems" xlink:label="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesReportableDataLineItems_7829" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost" xlink:label="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost_7830" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesReportableDataLineItems_7829" xlink:to="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost_7830" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesReportableDataLineItems" xlink:label="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesReportableDataLineItems_7831" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue" xlink:label="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue_7832" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesReportableDataLineItems_7831" xlink:to="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue_7832" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesReportableDataLineItems" xlink:label="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesReportableDataLineItems_7833" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount" xlink:label="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount_7834" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesReportableDataLineItems_7833" xlink:to="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount_7834" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable" xlink:label="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable_7909" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtSecurityAxis" xlink:label="Locator_us-gaap_DebtSecurityAxis_7910" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable_7909" xlink:to="Locator_us-gaap_DebtSecurityAxis_7910" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtSecurityAxis" xlink:label="Locator_us-gaap_DebtSecurityAxis_7963" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtSecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtSecuritiesDomain_7964" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DebtSecurityAxis_7963" xlink:to="Locator_us-gaap_MajorTypesOfDebtSecuritiesDomain_7964" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtSecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtSecuritiesDomain_7965" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MortgageBackedSecuritiesMember" xlink:label="Locator_us-gaap_MortgageBackedSecuritiesMember_7966" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtSecuritiesDomain_7965" xlink:to="Locator_us-gaap_MortgageBackedSecuritiesMember_7966" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorTypesOfDebtSecuritiesDomain" xlink:label="Locator_us-gaap_MajorTypesOfDebtSecuritiesDomain_7967" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetBackedSecuritiesMember" xlink:label="Locator_us-gaap_AssetBackedSecuritiesMember_7968" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_MajorTypesOfDebtSecuritiesDomain_7967" xlink:to="Locator_us-gaap_AssetBackedSecuritiesMember_7968" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable" xlink:label="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable_7911" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InformationByCategoryOfDebtSecurityAxis" xlink:label="Locator_us-gaap_InformationByCategoryOfDebtSecurityAxis_7912" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable_7911" xlink:to="Locator_us-gaap_InformationByCategoryOfDebtSecurityAxis_7912" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InformationByCategoryOfDebtSecurityAxis" xlink:label="Locator_us-gaap_InformationByCategoryOfDebtSecurityAxis_7949" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain_7950" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_InformationByCategoryOfDebtSecurityAxis_7949" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain_7950" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain_7951" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LongTermAvailableForSaleMember" xlink:label="Locator_mbi_LongTermAvailableForSaleMember_7952" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain_7951" xlink:to="Locator_mbi_LongTermAvailableForSaleMember_7952" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain_7953" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ShortTermAvailableForSaleMember" xlink:label="Locator_mbi_ShortTermAvailableForSaleMember_7954" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain_7953" xlink:to="Locator_mbi_ShortTermAvailableForSaleMember_7954" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain_7955" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EquityAvailableForSaleMember" xlink:label="Locator_mbi_EquityAvailableForSaleMember_7956" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain_7955" xlink:to="Locator_mbi_EquityAvailableForSaleMember_7956" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain_7957" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableforsaleSecuritiesMember" xlink:label="Locator_us-gaap_AvailableforsaleSecuritiesMember_7958" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain_7957" xlink:to="Locator_us-gaap_AvailableforsaleSecuritiesMember_7958" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain_7959" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InvestmentsAtFairValueMember" xlink:label="Locator_mbi_InvestmentsAtFairValueMember_7960" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain_7959" xlink:to="Locator_mbi_InvestmentsAtFairValueMember_7960" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain_7961" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_HeldtomaturitySecuritiesMember" xlink:label="Locator_us-gaap_HeldtomaturitySecuritiesMember_7962" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCategoriesOfInvestmentsDomain_7961" xlink:to="Locator_us-gaap_HeldtomaturitySecuritiesMember_7962" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable" xlink:label="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable_7913" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="Locator_invest_InvestmentAxis_7914" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable_7913" xlink:to="Locator_invest_InvestmentAxis_7914" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable" xlink:label="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable_7915" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis" xlink:label="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_7916" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTable_7915" xlink:to="Locator_us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis_7916" order="4.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureScheduleIICondensedBalanceSheetsDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_7969" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesNoncurrent" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesNoncurrent_7970" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_7969" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesNoncurrent_7970" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_7971" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TradingSecurities" xlink:label="Locator_us-gaap_TradingSecurities_7972" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_7971" xlink:to="Locator_us-gaap_TradingSecurities_7972" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_7973" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral_7974" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_7973" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral_7974" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_7975" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesCurrent" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesCurrent_7976" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_7975" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesCurrent_7976" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_7977" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherInvestments" xlink:label="Locator_us-gaap_OtherInvestments_7978" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_7977" xlink:to="Locator_us-gaap_OtherInvestments_7978" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_7979" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Investments" xlink:label="Locator_us-gaap_Investments_7980" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_7979" xlink:to="Locator_us-gaap_Investments_7980" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_7981" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="Locator_us-gaap_CashAndCashEquivalentsAtCarryingValue_7982" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_7981" xlink:to="Locator_us-gaap_CashAndCashEquivalentsAtCarryingValue_7982" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_7983" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InvestmentInWhollyOwnedSubsidiaries" xlink:label="Locator_mbi_InvestmentInWhollyOwnedSubsidiaries_7984" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_7983" xlink:to="Locator_mbi_InvestmentInWhollyOwnedSubsidiaries_7984" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_7985" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="Locator_us-gaap_DeferredTaxAssetsNet_7986" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_7985" xlink:to="Locator_us-gaap_DeferredTaxAssetsNet_7986" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_7987" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAssets" xlink:label="Locator_us-gaap_OtherAssets_7988" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_7987" xlink:to="Locator_us-gaap_OtherAssets_7988" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_7989" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Assets" xlink:label="Locator_us-gaap_Assets_7990" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AssetsAbstract_7989" xlink:to="Locator_us-gaap_Assets_7990" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="Locator_us-gaap_LiabilitiesAndStockholdersEquityAbstract_7991" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_7992" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAndStockholdersEquityAbstract_7991" xlink:to="Locator_us-gaap_LiabilitiesAbstract_7992" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_7997" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements" xlink:label="Locator_us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements_7998" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAbstract_7997" xlink:to="Locator_us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements_7998" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_7999" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchase" xlink:label="Locator_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_8000" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAbstract_7999" xlink:to="Locator_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_8000" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_8001" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="Locator_us-gaap_LongTermDebtNoncurrent_8002" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAbstract_8001" xlink:to="Locator_us-gaap_LongTermDebtNoncurrent_8002" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_8003" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansPayable" xlink:label="Locator_us-gaap_LoansPayable_8004" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAbstract_8003" xlink:to="Locator_us-gaap_LoansPayable_8004" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_8005" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="Locator_us-gaap_DerivativeLiabilities_8006" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAbstract_8005" xlink:to="Locator_us-gaap_DerivativeLiabilities_8006" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_8007" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="Locator_us-gaap_OtherLiabilities_8008" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAbstract_8007" xlink:to="Locator_us-gaap_OtherLiabilities_8008" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="Locator_us-gaap_LiabilitiesAbstract_8009" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Liabilities" xlink:label="Locator_us-gaap_Liabilities_8010" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAbstract_8009" xlink:to="Locator_us-gaap_Liabilities_8010" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="Locator_us-gaap_LiabilitiesAndStockholdersEquityAbstract_7993" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7994" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAndStockholdersEquityAbstract_7993" xlink:to="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7994" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8011" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="Locator_us-gaap_PreferredStockValue_8012" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8011" xlink:to="Locator_us-gaap_PreferredStockValue_8012" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8013" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockValue" xlink:label="Locator_us-gaap_CommonStockValue_8014" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8013" xlink:to="Locator_us-gaap_CommonStockValue_8014" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8015" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="Locator_us-gaap_AdditionalPaidInCapital_8016" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8015" xlink:to="Locator_us-gaap_AdditionalPaidInCapital_8016" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8017" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="Locator_us-gaap_RetainedEarningsAccumulatedDeficit_8018" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8017" xlink:to="Locator_us-gaap_RetainedEarningsAccumulatedDeficit_8018" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8019" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="Locator_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_8020" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8019" xlink:to="Locator_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_8020" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8021" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TreasuryStockValue" xlink:label="Locator_us-gaap_TreasuryStockValue_8022" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8021" xlink:to="Locator_us-gaap_TreasuryStockValue_8022" order="6.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8023" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="Locator_us-gaap_StockholdersEquity_8024" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8023" xlink:to="Locator_us-gaap_StockholdersEquity_8024" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="Locator_us-gaap_LiabilitiesAndStockholdersEquityAbstract_7995" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="Locator_us-gaap_LiabilitiesAndStockholdersEquity_7996" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LiabilitiesAndStockholdersEquityAbstract_7995" xlink:to="Locator_us-gaap_LiabilitiesAndStockholdersEquity_7996" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_8177" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_8178" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_8177" xlink:to="Locator_dei_EntityDomain_8178" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_8179" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParentCompanyMember" xlink:label="Locator_us-gaap_ParentCompanyMember_8180" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_8179" xlink:to="Locator_us-gaap_ParentCompanyMember_8180" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract" xlink:label="Locator_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract_8055" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedBalanceSheetStatementTable" xlink:label="Locator_us-gaap_CondensedBalanceSheetStatementTable_8056" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract_8055" xlink:to="Locator_us-gaap_CondensedBalanceSheetStatementTable_8056" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedBalanceSheetStatementTable" xlink:label="Locator_us-gaap_CondensedBalanceSheetStatementTable_8173" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8174" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedBalanceSheetStatementTable_8173" xlink:to="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8174" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8025" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="Locator_us-gaap_AssetsAbstract_8026" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8025" xlink:to="Locator_us-gaap_AssetsAbstract_8026" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8027" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="Locator_us-gaap_LiabilitiesAndStockholdersEquityAbstract_8028" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8027" xlink:to="Locator_us-gaap_LiabilitiesAndStockholdersEquityAbstract_8028" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8029" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAmortizedCost" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesAmortizedCost_8030" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8029" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesAmortizedCost_8030" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8031" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InvestmentsPledgedAsCollateralAmortizedCost" xlink:label="Locator_mbi_InvestmentsPledgedAsCollateralAmortizedCost_8032" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8031" xlink:to="Locator_mbi_InvestmentsPledgedAsCollateralAmortizedCost_8032" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8033" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost" xlink:label="Locator_us-gaap_AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost_8034" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8033" xlink:to="Locator_us-gaap_AvailableForSaleSecuritiesShortTermInvestmentsAmortizedCost_8034" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8035" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="Locator_us-gaap_PreferredStockParOrStatedValuePerShare_8036" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8035" xlink:to="Locator_us-gaap_PreferredStockParOrStatedValuePerShare_8036" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8037" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="Locator_us-gaap_PreferredStockSharesAuthorized_8038" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8037" xlink:to="Locator_us-gaap_PreferredStockSharesAuthorized_8038" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8039" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="Locator_us-gaap_PreferredStockSharesIssued_8040" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8039" xlink:to="Locator_us-gaap_PreferredStockSharesIssued_8040" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8041" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="Locator_us-gaap_PreferredStockSharesOutstanding_8042" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8041" xlink:to="Locator_us-gaap_PreferredStockSharesOutstanding_8042" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8043" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="Locator_us-gaap_CommonStockParOrStatedValuePerShare_8044" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8043" xlink:to="Locator_us-gaap_CommonStockParOrStatedValuePerShare_8044" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8045" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="Locator_us-gaap_CommonStockSharesAuthorized_8046" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8045" xlink:to="Locator_us-gaap_CommonStockSharesAuthorized_8046" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8047" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="Locator_us-gaap_CommonStockSharesIssued_8048" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8047" xlink:to="Locator_us-gaap_CommonStockSharesIssued_8048" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8049" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTax" xlink:label="Locator_mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTax_8050" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8049" xlink:to="Locator_mbi_AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTax_8050" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8051" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TreasuryStockShares" xlink:label="Locator_us-gaap_TreasuryStockShares_8052" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_8051" xlink:to="Locator_us-gaap_TreasuryStockShares_8052" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedBalanceSheetStatementTable" xlink:label="Locator_us-gaap_CondensedBalanceSheetStatementTable_8175" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_8176" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedBalanceSheetStatementTable_8175" xlink:to="Locator_dei_LegalEntityAxis_8176" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/ScheduleIVReinsuranceDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract" xlink:label="Locator_us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract_8181" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DirectPremiumsWritten" xlink:label="Locator_us-gaap_DirectPremiumsWritten_8182" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract_8181" xlink:to="Locator_us-gaap_DirectPremiumsWritten_8182" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract" xlink:label="Locator_us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract_8183" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CededPremiumsWritten" xlink:label="Locator_us-gaap_CededPremiumsWritten_8184" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract_8183" xlink:to="Locator_us-gaap_CededPremiumsWritten_8184" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract" xlink:label="Locator_us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract_8185" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssumedPremiumsWritten" xlink:label="Locator_us-gaap_AssumedPremiumsWritten_8186" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract_8185" xlink:to="Locator_us-gaap_AssumedPremiumsWritten_8186" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract" xlink:label="Locator_us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract_8187" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsWrittenNet" xlink:label="Locator_us-gaap_PremiumsWrittenNet_8188" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract_8187" xlink:to="Locator_us-gaap_PremiumsWrittenNet_8188" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract" xlink:label="Locator_us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract_8189" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PremiumsWrittenFinancialGuaranteeInsuranceContractsPercentageOfAmountAssumedToNet" xlink:label="Locator_mbi_PremiumsWrittenFinancialGuaranteeInsuranceContractsPercentageOfAmountAssumedToNet_8190" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SupplementalScheduleOfReinsurancePremiumsForInsuranceCompaniesAbstract_8189" xlink:to="Locator_mbi_PremiumsWrittenFinancialGuaranteeInsuranceContractsPercentageOfAmountAssumedToNet_8190" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureScheduleIICondensedStatementsOfOperationsDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_8309" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_8310" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_8309" xlink:to="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_8310" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_8311" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_8312" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassificationOfVariableInterestEntityDomain_8311" xlink:to="Locator_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_8312" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_8197" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities_8198" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_8197" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities_8198" order="1.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_8199" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities_8200" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_8199" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities_8200" order="2.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_8201" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_8202" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_8201" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_8202" order="3.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_8313" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_8314" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_8313" xlink:to="Locator_dei_EntityDomain_8314" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_8315" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParentCompanyMember" xlink:label="Locator_us-gaap_ParentCompanyMember_8316" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_8315" xlink:to="Locator_us-gaap_ParentCompanyMember_8316" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract" xlink:label="Locator_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract_8307" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementTable" xlink:label="Locator_us-gaap_CondensedIncomeStatementTable_8308" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract_8307" xlink:to="Locator_us-gaap_CondensedIncomeStatementTable_8308" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementTable" xlink:label="Locator_us-gaap_CondensedIncomeStatementTable_8317" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8318" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedIncomeStatementTable_8317" xlink:to="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8318" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8203" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetInvestmentIncome" xlink:label="Locator_us-gaap_NetInvestmentIncome_8204" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8203" xlink:to="Locator_us-gaap_NetInvestmentIncome_8204" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8205" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xlink:label="Locator_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_8206" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8205" xlink:to="Locator_mbi_NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_8206" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8207" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_8208" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8207" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAbstract_8208" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8209" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="Locator_us-gaap_GainsLossesOnExtinguishmentOfDebt_8210" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8209" xlink:to="Locator_us-gaap_GainsLossesOnExtinguishmentOfDebt_8210" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8211" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherIncome" xlink:label="Locator_us-gaap_OtherIncome_8212" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8211" xlink:to="Locator_us-gaap_OtherIncome_8212" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8213" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Revenues" xlink:label="Locator_us-gaap_Revenues_8214" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8213" xlink:to="Locator_us-gaap_Revenues_8214" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8215" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="Locator_us-gaap_OperatingExpenses_8216" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8215" xlink:to="Locator_us-gaap_OperatingExpenses_8216" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8217" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestExpense" xlink:label="Locator_us-gaap_InterestExpense_8218" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8217" xlink:to="Locator_us-gaap_InterestExpense_8218" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8219" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="Locator_us-gaap_CostsAndExpenses_8220" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8219" xlink:to="Locator_us-gaap_CostsAndExpenses_8220" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8221" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IncomeLossBeforeIncomeTaxesAndEquityInEarningsOfSubsidiaries" xlink:label="Locator_mbi_IncomeLossBeforeIncomeTaxesAndEquityInEarningsOfSubsidiaries_8222" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8221" xlink:to="Locator_mbi_IncomeLossBeforeIncomeTaxesAndEquityInEarningsOfSubsidiaries_8222" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8223" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="Locator_us-gaap_IncomeTaxExpenseBenefit_8224" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8223" xlink:to="Locator_us-gaap_IncomeTaxExpenseBenefit_8224" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8225" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IncomeLossBeforeEquityInEarningsOfSubsidiaries" xlink:label="Locator_mbi_IncomeLossBeforeEquityInEarningsOfSubsidiaries_8226" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8225" xlink:to="Locator_mbi_IncomeLossBeforeEquityInEarningsOfSubsidiaries_8226" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8227" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromSubsidiariesNetOfTax" xlink:label="Locator_us-gaap_IncomeLossFromSubsidiariesNetOfTax_8228" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8227" xlink:to="Locator_us-gaap_IncomeLossFromSubsidiariesNetOfTax_8228" order="13.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8229" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="Locator_us-gaap_NetIncomeLoss_8230" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedIncomeStatementsCaptionsLineItems_8229" xlink:to="Locator_us-gaap_NetIncomeLoss_8230" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementTable" xlink:label="Locator_us-gaap_CondensedIncomeStatementTable_8319" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_8320" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedIncomeStatementTable_8319" xlink:to="Locator_dei_LegalEntityAxis_8320" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedIncomeStatementTable" xlink:label="Locator_us-gaap_CondensedIncomeStatementTable_8321" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_8322" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedIncomeStatementTable_8321" xlink:to="Locator_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_8322" order="2.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/ScheduleIICondensedStatementsOfComprehensiveIncomeLossDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_8421" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_8422" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_8421" xlink:to="Locator_us-gaap_StatementLineItems_8422" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_8323" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="Locator_us-gaap_NetIncomeLoss_8324" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_8323" xlink:to="Locator_us-gaap_NetIncomeLoss_8324" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_8325" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_8326" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_8325" xlink:to="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_8326" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_8331" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_8332" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_8331" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_8332" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_8339" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_8340" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_8339" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_8340" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_8341" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_8342" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_8341" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax_8342" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_8343" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_8344" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_8343" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_8344" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/positiveLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_8345" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax_8346" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_8345" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax_8346" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_8347" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_8348" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_8347" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax_8348" order="5.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_8349" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_8350" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParentAbstract_8349" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_8350" order="6.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_8333" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_8334" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_8333" xlink:to="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_8334" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_8351" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax" xlink:label="Locator_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax_8352" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_8351" xlink:to="Locator_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax_8352" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_8353" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax" xlink:label="Locator_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax_8354" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_8353" xlink:to="Locator_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax_8354" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_8355" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax" xlink:label="Locator_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax_8356" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_8355" xlink:to="Locator_mbi_OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax_8356" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_8357" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax" xlink:label="Locator_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax_8358" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_8357" xlink:to="Locator_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax_8358" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_8359" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax" xlink:label="Locator_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax_8360" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_8359" xlink:to="Locator_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax_8360" order="5.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:label="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_8361" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax" xlink:label="Locator_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax_8362" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_8361" xlink:to="Locator_mbi_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax_8362" order="6.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_8335" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_8336" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_8335" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_8336" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_8363" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax_8364" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_8363" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax_8364" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_8365" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax_8366" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_8365" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax_8366" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_8367" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax_8368" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseAbstract_8367" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax_8368" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_8337" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xlink:label="Locator_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_8338" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_8337" xlink:to="Locator_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_8338" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_8327" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="Locator_us-gaap_ComprehensiveIncomeNetOfTax_8328" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_8327" xlink:to="Locator_us-gaap_ComprehensiveIncomeNetOfTax_8328" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_8423" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_8424" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_8423" xlink:to="Locator_dei_LegalEntityAxis_8424" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_8425" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_8426" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_8425" xlink:to="Locator_dei_EntityDomain_8426" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_8427" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParentCompanyMember" xlink:label="Locator_us-gaap_ParentCompanyMember_8428" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_8427" xlink:to="Locator_us-gaap_ParentCompanyMember_8428" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract" xlink:label="Locator_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract_8369" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_8370" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract_8369" xlink:to="Locator_us-gaap_StatementTable_8370" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureScheduleIICondensedStatementsOfCashFlowsDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_8713" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_8714" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_8713" xlink:to="Locator_dei_EntityDomain_8714" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_8715" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParentCompanyMember" xlink:label="Locator_us-gaap_ParentCompanyMember_8716" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_8715" xlink:to="Locator_us-gaap_ParentCompanyMember_8716" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract" xlink:label="Locator_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract_8533" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedCashFlowStatementTable" xlink:label="Locator_us-gaap_CondensedCashFlowStatementTable_8534" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract_8533" xlink:to="Locator_us-gaap_CondensedCashFlowStatementTable_8534" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedCashFlowStatementTable" xlink:label="Locator_us-gaap_CondensedCashFlowStatementTable_8709" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedCashFlowStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8710" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedCashFlowStatementTable_8709" xlink:to="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8710" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedCashFlowStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8429" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_8430" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8429" xlink:to="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_8430" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_8449" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromFeesReceived" xlink:label="Locator_us-gaap_ProceedsFromFeesReceived_8450" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_8449" xlink:to="Locator_us-gaap_ProceedsFromFeesReceived_8450" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_8451" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromInterestAndDividendsReceived" xlink:label="Locator_us-gaap_ProceedsFromInterestAndDividendsReceived_8452" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_8451" xlink:to="Locator_us-gaap_ProceedsFromInterestAndDividendsReceived_8452" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_8453" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForOperatingActivities" xlink:label="Locator_us-gaap_PaymentsForOperatingActivities_8454" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_8453" xlink:to="Locator_us-gaap_PaymentsForOperatingActivities_8454" order="3.0" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_8455" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="Locator_us-gaap_InterestPaidNet_8456" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_8455" xlink:to="Locator_us-gaap_InterestPaidNet_8456" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_8457" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="Locator_us-gaap_IncomeTaxesPaidNet_8458" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_8457" xlink:to="Locator_us-gaap_IncomeTaxesPaidNet_8458" order="5.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_8459" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_8460" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_8459" xlink:to="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_8460" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedCashFlowStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8431" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8432" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8431" xlink:to="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8432" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8461" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecurities" xlink:label="Locator_us-gaap_PaymentsToAcquireAvailableForSaleSecurities_8462" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8461" xlink:to="Locator_us-gaap_PaymentsToAcquireAvailableForSaleSecurities_8462" order="1.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8463" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" xlink:label="Locator_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities_8464" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8463" xlink:to="Locator_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities_8464" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8465" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities" xlink:label="Locator_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities_8466" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8465" xlink:to="Locator_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities_8466" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8467" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities" xlink:label="Locator_mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities_8468" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8467" xlink:to="Locator_mbi_PaymentsToAcquireFairValueOptionAndTradingSecurities_8468" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8469" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities" xlink:label="Locator_mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities_8470" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8469" xlink:to="Locator_mbi_ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities_8470" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8471" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForProceedsFromShortTermInvestments" xlink:label="Locator_us-gaap_PaymentsForProceedsFromShortTermInvestments_8472" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8471" xlink:to="Locator_us-gaap_PaymentsForProceedsFromShortTermInvestments_8472" order="6.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8473" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireOtherInvestments" xlink:label="Locator_us-gaap_PaymentsToAcquireOtherInvestments_8474" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8473" xlink:to="Locator_us-gaap_PaymentsToAcquireOtherInvestments_8474" order="7.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8475" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ProceedsFromSalesMaturitiesPrepaymentsAndCallsOfOtherInvestments" xlink:label="Locator_mbi_ProceedsFromSalesMaturitiesPrepaymentsAndCallsOfOtherInvestments_8476" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8475" xlink:to="Locator_mbi_ProceedsFromSalesMaturitiesPrepaymentsAndCallsOfOtherInvestments_8476" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8477" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities" xlink:label="Locator_us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities_8478" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8477" xlink:to="Locator_us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities_8478" order="9.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8479" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseCashCollateralFromCounterparties" xlink:label="Locator_us-gaap_IncreaseDecreaseCashCollateralFromCounterparties_8480" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8479" xlink:to="Locator_us-gaap_IncreaseDecreaseCashCollateralFromCounterparties_8480" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8481" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ContributionsToSubsidiaries" xlink:label="Locator_mbi_ContributionsToSubsidiaries_8482" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8481" xlink:to="Locator_mbi_ContributionsToSubsidiaries_8482" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8483" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AdvancesToSubsidiaries" xlink:label="Locator_mbi_AdvancesToSubsidiaries_8484" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8483" xlink:to="Locator_mbi_AdvancesToSubsidiaries_8484" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8485" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="Locator_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_8486" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8485" xlink:to="Locator_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_8486" order="13.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8487" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations_8488" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_8487" xlink:to="Locator_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations_8488" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedCashFlowStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8433" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_8434" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8433" xlink:to="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_8434" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_8489" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt" xlink:label="Locator_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt_8490" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_8489" xlink:to="Locator_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt_8490" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_8491" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentsOfOtherLongTermDebt" xlink:label="Locator_us-gaap_RepaymentsOfOtherLongTermDebt_8492" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_8491" xlink:to="Locator_us-gaap_RepaymentsOfOtherLongTermDebt_8492" order="2.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_8493" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase" xlink:label="Locator_us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase_8494" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_8493" xlink:to="Locator_us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase_8494" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_8495" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="Locator_us-gaap_RepaymentsOfLongTermDebt_8496" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_8495" xlink:to="Locator_us-gaap_RepaymentsOfLongTermDebt_8496" order="4.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_8497" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentsOfRelatedPartyDebt" xlink:label="Locator_us-gaap_RepaymentsOfRelatedPartyDebt_8498" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_8497" xlink:to="Locator_us-gaap_RepaymentsOfRelatedPartyDebt_8498" order="5.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_8499" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="Locator_us-gaap_PaymentsForRepurchaseOfCommonStock_8500" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_8499" xlink:to="Locator_us-gaap_PaymentsForRepurchaseOfCommonStock_8500" order="6.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_8501" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromStockPlans" xlink:label="Locator_us-gaap_ProceedsFromStockPlans_8502" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_8501" xlink:to="Locator_us-gaap_ProceedsFromStockPlans_8502" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_8503" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations_8504" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_8503" xlink:to="Locator_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations_8504" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedCashFlowStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8435" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations" xlink:label="Locator_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations_8436" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8435" xlink:to="Locator_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations_8436" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedCashFlowStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8437" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="Locator_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_8438" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8437" xlink:to="Locator_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_8438" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedCashFlowStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8439" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="Locator_us-gaap_CashAndCashEquivalentsAtCarryingValue_8440" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8439" xlink:to="Locator_us-gaap_CashAndCashEquivalentsAtCarryingValue_8440" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedCashFlowStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8441" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="Locator_us-gaap_CashAndCashEquivalentsAtCarryingValue_8442" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8441" xlink:to="Locator_us-gaap_CashAndCashEquivalentsAtCarryingValue_8442" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedCashFlowStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8443" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract" xlink:label="Locator_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract_8444" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8443" xlink:to="Locator_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract_8444" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract" xlink:label="Locator_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract_8505" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="Locator_us-gaap_NetIncomeLoss_8506" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ReconciliationOfNetIncomeLossToNetCashProvidedUsedByOperatingActivitiesAbstract_8505" xlink:to="Locator_us-gaap_NetIncomeLoss_8506" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedCashFlowStatementsCaptionsLineItems" xlink:label="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8445" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8446" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_8445" xlink:to="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8446" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8507" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ChangeInAbstract" xlink:label="Locator_mbi_ChangeInAbstract_8508" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8507" xlink:to="Locator_mbi_ChangeInAbstract_8508" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ChangeInAbstract" xlink:label="Locator_mbi_ChangeInAbstract_8529" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties" xlink:label="Locator_us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties_8530" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ChangeInAbstract_8529" xlink:to="Locator_us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties_8530" order="1.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ChangeInAbstract" xlink:label="Locator_mbi_ChangeInAbstract_8531" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:label="Locator_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_8532" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_ChangeInAbstract_8531" xlink:to="Locator_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_8532" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8509" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EquityInNetIncomeLossOfSubsidiaries" xlink:label="Locator_mbi_EquityInNetIncomeLossOfSubsidiaries_8510" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8509" xlink:to="Locator_mbi_EquityInNetIncomeLossOfSubsidiaries_8510" order="2.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8511" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:label="Locator_us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_8512" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8511" xlink:to="Locator_us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_8512" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8513" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NetOtherThanTemporaryImpairments" xlink:label="Locator_mbi_NetOtherThanTemporaryImpairments_8514" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8513" xlink:to="Locator_mbi_NetOtherThanTemporaryImpairments_8514" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8515" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange" xlink:label="Locator_mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_8516" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8515" xlink:to="Locator_mbi_IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange_8516" order="5.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8517" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses" xlink:label="Locator_mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses_8518" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8517" xlink:to="Locator_mbi_IncreaseDecreaseInOtherNetRealizedGainsLosses_8518" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8519" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="Locator_us-gaap_DeferredIncomeTaxExpenseBenefit_8520" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8519" xlink:to="Locator_us-gaap_DeferredIncomeTaxExpenseBenefit_8520" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8521" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AdjustmentGainsLossesOnExtinguishmentOfDebt" xlink:label="Locator_mbi_AdjustmentGainsLossesOnExtinguishmentOfDebt_8522" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8521" xlink:to="Locator_mbi_AdjustmentGainsLossesOnExtinguishmentOfDebt_8522" order="8.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8523" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherNoncashIncomeExpense" xlink:label="Locator_us-gaap_OtherNoncashIncomeExpense_8524" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8523" xlink:to="Locator_us-gaap_OtherNoncashIncomeExpense_8524" order="9.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8525" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities_8526" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8525" xlink:to="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities_8526" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8527" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" xlink:label="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_8528" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_8527" xlink:to="Locator_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_8528" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedCashFlowStatementTable" xlink:label="Locator_us-gaap_CondensedCashFlowStatementTable_8711" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_8712" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedCashFlowStatementTable_8711" xlink:to="Locator_dei_LegalEntityAxis_8712" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/ScheduleIINotesToCondensedFinancialStatementsDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_8785" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_8786" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_8785" xlink:to="Locator_us-gaap_StatementLineItems_8786" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_8717" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LiquidAssets" xlink:label="Locator_mbi_LiquidAssets_8718" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_8717" xlink:to="Locator_mbi_LiquidAssets_8718" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_8719" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:label="Locator_us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_8720" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_8719" xlink:to="Locator_us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_8720" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_8721" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue" xlink:label="Locator_us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue_8722" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_8721" xlink:to="Locator_us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue_8722" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_8723" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShortTermInvestments" xlink:label="Locator_us-gaap_ShortTermInvestments_8724" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_8723" xlink:to="Locator_us-gaap_ShortTermInvestments_8724" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_8725" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimSecurities" xlink:label="Locator_us-gaap_DerivativeCollateralRightToReclaimSecurities_8726" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_8725" xlink:to="Locator_us-gaap_DerivativeCollateralRightToReclaimSecurities_8726" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_8727" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchase" xlink:label="Locator_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_8728" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_8727" xlink:to="Locator_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_8728" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="Locator_us-gaap_StatementLineItems_8729" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="Locator_us-gaap_CashAndCashEquivalentsAtCarryingValue_8730" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementLineItems_8729" xlink:to="Locator_us-gaap_CashAndCashEquivalentsAtCarryingValue_8730" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_8787" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeByNatureAxis" xlink:label="Locator_us-gaap_DerivativeByNatureAxis_8788" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_8787" xlink:to="Locator_us-gaap_DerivativeByNatureAxis_8788" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeByNatureAxis" xlink:label="Locator_us-gaap_DerivativeByNatureAxis_8815" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeNameDomain" xlink:label="Locator_us-gaap_DerivativeNameDomain_8816" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeByNatureAxis_8815" xlink:to="Locator_us-gaap_DerivativeNameDomain_8816" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeNameDomain" xlink:label="Locator_us-gaap_DerivativeNameDomain_8817" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SecuritiesPledgedAsCollateralMember" xlink:label="Locator_us-gaap_SecuritiesPledgedAsCollateralMember_8818" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeNameDomain_8817" xlink:to="Locator_us-gaap_SecuritiesPledgedAsCollateralMember_8818" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeNameDomain" xlink:label="Locator_us-gaap_DerivativeNameDomain_8819" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaCorpSecuredLoanMember" xlink:label="Locator_mbi_MbiaCorpSecuredLoanMember_8820" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DerivativeNameDomain_8819" xlink:to="Locator_mbi_MbiaCorpSecuredLoanMember_8820" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_8789" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProductOrServiceAxis" xlink:label="Locator_us-gaap_ProductOrServiceAxis_8790" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_8789" xlink:to="Locator_us-gaap_ProductOrServiceAxis_8790" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProductOrServiceAxis" xlink:label="Locator_us-gaap_ProductOrServiceAxis_8811" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProductsAndServicesDomain" xlink:label="Locator_us-gaap_ProductsAndServicesDomain_8812" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ProductOrServiceAxis_8811" xlink:to="Locator_us-gaap_ProductsAndServicesDomain_8812" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProductsAndServicesDomain" xlink:label="Locator_us-gaap_ProductsAndServicesDomain_8813" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaIncNotPledgedAsCollateralMember" xlink:label="Locator_mbi_MbiaIncNotPledgedAsCollateralMember_8814" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ProductsAndServicesDomain_8813" xlink:to="Locator_mbi_MbiaIncNotPledgedAsCollateralMember_8814" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_8791" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_8792" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementTable_8791" xlink:to="Locator_dei_LegalEntityAxis_8792" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_8793" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_8794" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_8793" xlink:to="Locator_dei_EntityDomain_8794" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_8795" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NationalPublicFinanceGuaranteeHoldingsMember" xlink:label="Locator_mbi_NationalPublicFinanceGuaranteeHoldingsMember_8796" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_8795" xlink:to="Locator_mbi_NationalPublicFinanceGuaranteeHoldingsMember_8796" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_8797" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TrifiniumHoldingsLimitedMember" xlink:label="Locator_mbi_TrifiniumHoldingsLimitedMember_8798" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_8797" xlink:to="Locator_mbi_TrifiniumHoldingsLimitedMember_8798" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_8799" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaServicesCorporationMember" xlink:label="Locator_mbi_MbiaServicesCorporationMember_8800" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_8799" xlink:to="Locator_mbi_MbiaServicesCorporationMember_8800" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_8801" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CapmacHoldingsMember" xlink:label="Locator_mbi_CapmacHoldingsMember_8802" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_8801" xlink:to="Locator_mbi_CapmacHoldingsMember_8802" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_8803" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaAssetFinanceMember" xlink:label="Locator_mbi_MbiaAssetFinanceMember_8804" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_8803" xlink:to="Locator_mbi_MbiaAssetFinanceMember_8804" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_8805" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_EuroAssetAcquisitionLimitedMember" xlink:label="Locator_mbi_EuroAssetAcquisitionLimitedMember_8806" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_8805" xlink:to="Locator_mbi_EuroAssetAcquisitionLimitedMember_8806" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_8807" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaIncGeneralCorporatePurposesMember" xlink:label="Locator_mbi_MbiaIncGeneralCorporatePurposesMember_8808" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_8807" xlink:to="Locator_mbi_MbiaIncGeneralCorporatePurposesMember_8808" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_8809" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaIncMember" xlink:label="Locator_mbi_MbiaIncMember_8810" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_8809" xlink:to="Locator_mbi_MbiaIncMember_8810" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract" xlink:label="Locator_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract_8733" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="Locator_us-gaap_StatementTable_8734" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract_8733" xlink:to="Locator_us-gaap_StatementTable_8734" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/DisclosureInsurancePremiumsNarrativeDetail">
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8821" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageRiskFreeDiscountRate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageRiskFreeDiscountRate_8822" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8821" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageRiskFreeDiscountRate_8822" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8823" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1_8824" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8823" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1_8824" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8825" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReinsurancePayable" xlink:label="Locator_us-gaap_ReinsurancePayable_8826" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8825" xlink:to="Locator_us-gaap_ReinsurancePayable_8826" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8827" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsReceivableAtCarryingValue" xlink:label="Locator_us-gaap_PremiumsReceivableAtCarryingValue_8828" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8827" xlink:to="Locator_us-gaap_PremiumsReceivableAtCarryingValue_8828" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/InsurancePremiumsRollForwardOfPremiumsReceivableDetail">
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8829" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumPaymentsReceived" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumPaymentsReceived_8830" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8829" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumPaymentsReceived_8830" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8831" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivableNewBusinessWritten" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivableNewBusinessWritten_8832" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8831" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivableNewBusinessWritten_8832" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8833" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentChangeInPeriodOfContract" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentChangeInPeriodOfContract_8834" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8833" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentChangeInPeriodOfContract_8834" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8835" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentAccretionOfDiscountOnPremiumReceivable" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentAccretionOfDiscountOnPremiumReceivable_8836" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8835" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentAccretionOfDiscountOnPremiumReceivable_8836" order="5.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8837" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentOtherAdjustments" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentOtherAdjustments_8838" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8837" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentOtherAdjustments_8838" order="6.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8839" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsReceivableAtCarryingValue" xlink:label="Locator_us-gaap_PremiumsReceivableAtCarryingValue_8840" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8839" xlink:to="Locator_us-gaap_PremiumsReceivableAtCarryingValue_8840" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8841" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PremiumsReceivableAtCarryingValue" xlink:label="Locator_us-gaap_PremiumsReceivableAtCarryingValue_8842" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8841" xlink:to="Locator_us-gaap_PremiumsReceivableAtCarryingValue_8842" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/InsurancePremiumsUndiscountedFutureAmountOfPremiumsExpectedToBeCollectedAndPeriodWhichThoseCollectionsAreExpectedToOccurDetail">
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8843" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFirstQuarterFollowingBalanceSheetDate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFirstQuarterFollowingBalanceSheetDate_8844" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8843" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFirstQuarterFollowingBalanceSheetDate_8844" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8845" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringSecondQuarterFollowingTheBalanceSheetDate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringSecondQuarterFollowingTheBalanceSheetDate_8846" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8845" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringSecondQuarterFollowingTheBalanceSheetDate_8846" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8847" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringThirdQuarterFollowingBalanceSheetDate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringThirdQuarterFollowingBalanceSheetDate_8848" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8847" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringThirdQuarterFollowingBalanceSheetDate_8848" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8849" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFourthQuarterFollowingBalanceSheetDate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFourthQuarterFollowingBalanceSheetDate_8850" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8849" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFourthQuarterFollowingBalanceSheetDate_8850" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8851" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate_8852" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8851" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate_8852" order="5.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8853" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate_8854" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8853" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate_8854" order="6.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8855" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate_8856" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8855" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate_8856" order="7.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8857" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate_8858" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8857" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate_8858" order="8.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8859" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFiveAndWithin10YearsFromBalanceSheetDate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFiveAndWithin10YearsFromBalanceSheetDate_8860" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8859" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFiveAndWithin10YearsFromBalanceSheetDate_8860" order="9.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8861" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan10AndWithin15YearsFromBalanceSheetDate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan10AndWithin15YearsFromBalanceSheetDate_8862" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8861" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan10AndWithin15YearsFromBalanceSheetDate_8862" order="10.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8863" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringTwentyFirstYearAndThereafterFromBalanceSheetDate" xlink:label="Locator_mbi_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringTwentyFirstYearAndThereafterFromBalanceSheetDate_8864" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8863" xlink:to="Locator_mbi_FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringTwentyFirstYearAndThereafterFromBalanceSheetDate_8864" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8865" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumExpectedToBeCollected" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumExpectedToBeCollected_8866" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8865" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumExpectedToBeCollected_8866" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/InsurancePremiumsUnearnedPremiumRevenueBalanceAndFutureExpectedEarningsDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="Locator_us-gaap_StatementScenarioAxis_9015" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_9016" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementScenarioAxis_9015" xlink:to="Locator_us-gaap_ScenarioUnspecifiedDomain_9016" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_9017" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MarchThirtyOneTwoThousandFifteenMember" xlink:label="Locator_mbi_MarchThirtyOneTwoThousandFifteenMember_9018" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScenarioUnspecifiedDomain_9017" xlink:to="Locator_mbi_MarchThirtyOneTwoThousandFifteenMember_9018" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_9019" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_JuneThirtyTwoThousandFifeteenMember" xlink:label="Locator_mbi_JuneThirtyTwoThousandFifeteenMember_9020" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScenarioUnspecifiedDomain_9019" xlink:to="Locator_mbi_JuneThirtyTwoThousandFifeteenMember_9020" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_9021" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SeptemberThirtyTwoThousandFifeteenMember" xlink:label="Locator_mbi_SeptemberThirtyTwoThousandFifeteenMember_9022" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScenarioUnspecifiedDomain_9021" xlink:to="Locator_mbi_SeptemberThirtyTwoThousandFifeteenMember_9022" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_9023" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DecemberThirtyOneTwoThousandFifeteenMember" xlink:label="Locator_mbi_DecemberThirtyOneTwoThousandFifeteenMember_9024" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScenarioUnspecifiedDomain_9023" xlink:to="Locator_mbi_DecemberThirtyOneTwoThousandFifeteenMember_9024" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_9025" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DecemberThirtyOneTwoThousandSixteenrMember" xlink:label="Locator_mbi_DecemberThirtyOneTwoThousandSixteenrMember_9026" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScenarioUnspecifiedDomain_9025" xlink:to="Locator_mbi_DecemberThirtyOneTwoThousandSixteenrMember_9026" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_9027" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DecemberThirtyOneTwoThousandSeventeenMember" xlink:label="Locator_mbi_DecemberThirtyOneTwoThousandSeventeenMember_9028" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScenarioUnspecifiedDomain_9027" xlink:to="Locator_mbi_DecemberThirtyOneTwoThousandSeventeenMember_9028" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_9029" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DecemberThirtyOneTwoThousandEighteenMember" xlink:label="Locator_mbi_DecemberThirtyOneTwoThousandEighteenMember_9030" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScenarioUnspecifiedDomain_9029" xlink:to="Locator_mbi_DecemberThirtyOneTwoThousandEighteenMember_9030" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_9031" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DecemberThirtyOneTwoThousandTwentyNineteenMemberMember" xlink:label="Locator_mbi_DecemberThirtyOneTwoThousandTwentyNineteenMemberMember_9032" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScenarioUnspecifiedDomain_9031" xlink:to="Locator_mbi_DecemberThirtyOneTwoThousandTwentyNineteenMemberMember_9032" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_9033" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DecemberThirtyOneTwoThousandTwentyFourMember" xlink:label="Locator_mbi_DecemberThirtyOneTwoThousandTwentyFourMember_9034" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScenarioUnspecifiedDomain_9033" xlink:to="Locator_mbi_DecemberThirtyOneTwoThousandTwentyFourMember_9034" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_9035" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DecemberThirtyOneTwoThousandTwentyNineMember" xlink:label="Locator_mbi_DecemberThirtyOneTwoThousandTwentyNineMember_9036" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScenarioUnspecifiedDomain_9035" xlink:to="Locator_mbi_DecemberThirtyOneTwoThousandTwentyNineMember_9036" order="10.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="Locator_us-gaap_ScenarioUnspecifiedDomain_9037" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DecemberThirtyOneTwoThousandThirtyFourAndThereafterMember" xlink:label="Locator_mbi_DecemberThirtyOneTwoThousandThirtyFourAndThereafterMember_9038" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScenarioUnspecifiedDomain_9037" xlink:to="Locator_mbi_DecemberThirtyOneTwoThousandThirtyFourAndThereafterMember_9038" order="11.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsAbstract" xlink:label="Locator_mbi_InsurancePremiumsAbstract_8917" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsTableTable" xlink:label="Locator_mbi_InsurancePremiumsTableTable_8918" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsAbstract_8917" xlink:to="Locator_mbi_InsurancePremiumsTableTable_8918" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsTableTable" xlink:label="Locator_mbi_InsurancePremiumsTableTable_9009" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsLineItems" xlink:label="Locator_mbi_InsurancePremiumsLineItems_9010" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsTableTable_9009" xlink:to="Locator_mbi_InsurancePremiumsLineItems_9010" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsLineItems" xlink:label="Locator_mbi_InsurancePremiumsLineItems_8889" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnearnedPremiums" xlink:label="Locator_us-gaap_UnearnedPremiums_8890" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsLineItems_8889" xlink:to="Locator_us-gaap_UnearnedPremiums_8890" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsLineItems" xlink:label="Locator_mbi_InsurancePremiumsLineItems_8891" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFirstQuarterFollowingBalanceSheetDate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFirstQuarterFollowingBalanceSheetDate_8892" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsLineItems_8891" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFirstQuarterFollowingBalanceSheetDate_8892" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsLineItems" xlink:label="Locator_mbi_InsurancePremiumsLineItems_8893" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSecondQuarterFollowingBalanceSheetDate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSecondQuarterFollowingBalanceSheetDate_8894" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsLineItems_8893" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSecondQuarterFollowingBalanceSheetDate_8894" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsLineItems" xlink:label="Locator_mbi_InsurancePremiumsLineItems_8895" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringThirdQuarterFollowingBalanceSheetDate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringThirdQuarterFollowingBalanceSheetDate_8896" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsLineItems_8895" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringThirdQuarterFollowingBalanceSheetDate_8896" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsLineItems" xlink:label="Locator_mbi_InsurancePremiumsLineItems_8897" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFourthQuarterFollowingBalanceSheetDate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFourthQuarterFollowingBalanceSheetDate_8898" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsLineItems_8897" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFourthQuarterFollowingBalanceSheetDate_8898" order="5.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsLineItems" xlink:label="Locator_mbi_InsurancePremiumsLineItems_8899" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate_8900" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsLineItems_8899" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate_8900" order="6.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsLineItems" xlink:label="Locator_mbi_InsurancePremiumsLineItems_8901" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate_8902" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsLineItems_8901" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate_8902" order="7.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsLineItems" xlink:label="Locator_mbi_InsurancePremiumsLineItems_8903" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate_8904" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsLineItems_8903" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate_8904" order="8.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsLineItems" xlink:label="Locator_mbi_InsurancePremiumsLineItems_8905" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate_8906" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsLineItems_8905" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate_8906" order="9.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsLineItems" xlink:label="Locator_mbi_InsurancePremiumsLineItems_8907" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixthThroughTenthYearFollowingBalanceSheetDate" xlink:label="Locator_mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixthThroughTenthYearFollowingBalanceSheetDate_8908" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsLineItems_8907" xlink:to="Locator_mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixthThroughTenthYearFollowingBalanceSheetDate_8908" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsLineItems" xlink:label="Locator_mbi_InsurancePremiumsLineItems_8909" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringEleventhThroughFifteenthYearFollowingBalanceSheetDate" xlink:label="Locator_mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringEleventhThroughFifteenthYearFollowingBalanceSheetDate_8910" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsLineItems_8909" xlink:to="Locator_mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringEleventhThroughFifteenthYearFollowingBalanceSheetDate_8910" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsLineItems" xlink:label="Locator_mbi_InsurancePremiumsLineItems_8911" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixteenthYearAndThereafterFollowingBalanceSheetDate" xlink:label="Locator_mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixteenthYearAndThereafterFollowingBalanceSheetDate_8912" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsLineItems_8911" xlink:to="Locator_mbi_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSixteenthYearAndThereafterFollowingBalanceSheetDate_8912" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsLineItems" xlink:label="Locator_mbi_InsurancePremiumsLineItems_8913" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognized" xlink:label="Locator_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognized_8914" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsLineItems_8913" xlink:to="Locator_us-gaap_FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognized_8914" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsTableTable" xlink:label="Locator_mbi_InsurancePremiumsTableTable_9011" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredRevenueArrangementTypeAxis" xlink:label="Locator_us-gaap_DeferredRevenueArrangementTypeAxis_9012" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsTableTable_9011" xlink:to="Locator_us-gaap_DeferredRevenueArrangementTypeAxis_9012" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredRevenueArrangementTypeAxis" xlink:label="Locator_us-gaap_DeferredRevenueArrangementTypeAxis_9039" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredRevenueArrangementTypeDomain" xlink:label="Locator_us-gaap_DeferredRevenueArrangementTypeDomain_9040" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredRevenueArrangementTypeAxis_9039" xlink:to="Locator_us-gaap_DeferredRevenueArrangementTypeDomain_9040" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredRevenueArrangementTypeDomain" xlink:label="Locator_us-gaap_DeferredRevenueArrangementTypeDomain_9041" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UnearnedPremiumRevenueMember" xlink:label="Locator_mbi_UnearnedPremiumRevenueMember_9042" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredRevenueArrangementTypeDomain_9041" xlink:to="Locator_mbi_UnearnedPremiumRevenueMember_9042" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredRevenueArrangementTypeDomain" xlink:label="Locator_us-gaap_DeferredRevenueArrangementTypeDomain_9043" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UpfrontMember" xlink:label="Locator_mbi_UpfrontMember_9044" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredRevenueArrangementTypeDomain_9043" xlink:to="Locator_mbi_UpfrontMember_9044" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredRevenueArrangementTypeDomain" xlink:label="Locator_us-gaap_DeferredRevenueArrangementTypeDomain_9045" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InstallmentsMember" xlink:label="Locator_mbi_InstallmentsMember_9046" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredRevenueArrangementTypeDomain_9045" xlink:to="Locator_mbi_InstallmentsMember_9046" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredRevenueArrangementTypeDomain" xlink:label="Locator_us-gaap_DeferredRevenueArrangementTypeDomain_9047" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AccretionMember" xlink:label="Locator_mbi_AccretionMember_9048" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredRevenueArrangementTypeDomain_9047" xlink:to="Locator_mbi_AccretionMember_9048" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsurancePremiumsTableTable" xlink:label="Locator_mbi_InsurancePremiumsTableTable_9013" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="Locator_us-gaap_StatementScenarioAxis_9014" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsurancePremiumsTableTable_9013" xlink:to="Locator_us-gaap_StatementScenarioAxis_9014" order="2.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/InsuranceRegulationsAndDividendsNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_9185" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_9186" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RangeAxis_9185" xlink:to="Locator_mbi_RangeDomain_9186" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_9187" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinimumMember" xlink:label="Locator_us-gaap_MinimumMember_9188" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_9187" xlink:to="Locator_us-gaap_MinimumMember_9188" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="Locator_us-gaap_StatementEquityComponentsAxis_9171" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="Locator_us-gaap_EquityComponentDomain_9172" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementEquityComponentsAxis_9171" xlink:to="Locator_us-gaap_EquityComponentDomain_9172" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="Locator_us-gaap_EquityComponentDomain_9173" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MinimumSurplusAndContingencyReservesMember" xlink:label="Locator_mbi_MinimumSurplusAndContingencyReservesMember_9174" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EquityComponentDomain_9173" xlink:to="Locator_mbi_MinimumSurplusAndContingencyReservesMember_9174" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="Locator_us-gaap_EquityComponentDomain_9175" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LossReservesAndUnearnedPremiumReservesMember" xlink:label="Locator_mbi_LossReservesAndUnearnedPremiumReservesMember_9176" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EquityComponentDomain_9175" xlink:to="Locator_mbi_LossReservesAndUnearnedPremiumReservesMember_9176" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="Locator_us-gaap_EquityComponentDomain_9177" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PolicyholdersSurplusMember" xlink:label="Locator_mbi_PolicyholdersSurplusMember_9178" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EquityComponentDomain_9177" xlink:to="Locator_mbi_PolicyholdersSurplusMember_9178" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="Locator_us-gaap_EquityComponentDomain_9179" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_SurplusMember" xlink:label="Locator_mbi_SurplusMember_9180" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EquityComponentDomain_9179" xlink:to="Locator_mbi_SurplusMember_9180" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_9165" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_9166" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_9165" xlink:to="Locator_dei_EntityDomain_9166" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_9167" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MbiaCorpMember" xlink:label="Locator_mbi_MbiaCorpMember_9168" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_9167" xlink:to="Locator_mbi_MbiaCorpMember_9168" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_9169" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NationalMember" xlink:label="Locator_mbi_NationalMember_9170" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_9169" xlink:to="Locator_mbi_NationalMember_9170" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsAbstract" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsAbstract_9085" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsTable" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsTable_9086" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsAbstract_9085" xlink:to="Locator_mbi_InsuranceRegulationsAndDividendsTable_9086" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsTable" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsTable_9155" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9156" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsTable_9155" xlink:to="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9156" order="5.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9049" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfPolicyholdersSurplus" xlink:label="Locator_mbi_PercentageOfPolicyholdersSurplus_9050" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9049" xlink:to="Locator_mbi_PercentageOfPolicyholdersSurplus_9050" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9051" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfAdjustedNetInvestmentIncome" xlink:label="Locator_mbi_PercentageOfAdjustedNetInvestmentIncome_9052" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9051" xlink:to="Locator_mbi_PercentageOfAdjustedNetInvestmentIncome_9052" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9053" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries" xlink:label="Locator_us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_9054" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9053" xlink:to="Locator_us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries_9054" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9055" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_StatutoryAccountingPracticesUnassignedSurplus" xlink:label="Locator_mbi_StatutoryAccountingPracticesUnassignedSurplus_9056" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9055" xlink:to="Locator_mbi_StatutoryAccountingPracticesUnassignedSurplus_9056" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9057" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MaximumPercentageOfNotionalAssetSwap" xlink:label="Locator_mbi_MaximumPercentageOfNotionalAssetSwap_9058" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9057" xlink:to="Locator_mbi_MaximumPercentageOfNotionalAssetSwap_9058" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9059" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DividendPayingCapacity" xlink:label="Locator_mbi_DividendPayingCapacity_9060" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9059" xlink:to="Locator_mbi_DividendPayingCapacity_9060" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9061" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AggregateRiskLimitsExceededUnderNewYorkInsuranceLaw" xlink:label="Locator_mbi_AggregateRiskLimitsExceededUnderNewYorkInsuranceLaw_9062" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9061" xlink:to="Locator_mbi_AggregateRiskLimitsExceededUnderNewYorkInsuranceLaw_9062" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9063" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InvestmentsInCertainQualifingAssets" xlink:label="Locator_mbi_InvestmentsInCertainQualifingAssets_9064" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9063" xlink:to="Locator_mbi_InvestmentsInCertainQualifingAssets_9064" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9065" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DeficitOfQualifyingAssets" xlink:label="Locator_mbi_DeficitOfQualifyingAssets_9066" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9065" xlink:to="Locator_mbi_DeficitOfQualifyingAssets_9066" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9067" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RequestedContingencyReserveReleaseToSurplus" xlink:label="Locator_mbi_RequestedContingencyReserveReleaseToSurplus_9068" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9067" xlink:to="Locator_mbi_RequestedContingencyReserveReleaseToSurplus_9068" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9069" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_StatutorySurplusNegativeImpact" xlink:label="Locator_mbi_StatutorySurplusNegativeImpact_9070" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9069" xlink:to="Locator_mbi_StatutorySurplusNegativeImpact_9070" order="11.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9071" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_MaximumPercentageOfStatutoryAdmittedAssetsInvestedInSubsidiaries" xlink:label="Locator_mbi_MaximumPercentageOfStatutoryAdmittedAssetsInvestedInSubsidiaries_9072" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9071" xlink:to="Locator_mbi_MaximumPercentageOfStatutoryAdmittedAssetsInvestedInSubsidiaries_9072" order="12.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9073" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_StatutoryAccountingPracticesStatutoryNetLossAmount" xlink:label="Locator_mbi_StatutoryAccountingPracticesStatutoryNetLossAmount_9074" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9073" xlink:to="Locator_mbi_StatutoryAccountingPracticesStatutoryNetLossAmount_9074" order="13.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9075" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_StatutoryAccountingPracticesCapital" xlink:label="Locator_mbi_StatutoryAccountingPracticesCapital_9076" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9075" xlink:to="Locator_mbi_StatutoryAccountingPracticesCapital_9076" order="14.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9077" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_StatutoryAccountingPracticesSurplus" xlink:label="Locator_mbi_StatutoryAccountingPracticesSurplus_9078" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9077" xlink:to="Locator_mbi_StatutoryAccountingPracticesSurplus_9078" order="15.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9079" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_StatutoryAccountingPracticesContingencyReserves" xlink:label="Locator_mbi_StatutoryAccountingPracticesContingencyReserves_9080" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9079" xlink:to="Locator_mbi_StatutoryAccountingPracticesContingencyReserves_9080" order="16.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsLineItems" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9081" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatutoryAccountingPracticesStatutoryNetIncomeAmount" xlink:label="Locator_us-gaap_StatutoryAccountingPracticesStatutoryNetIncomeAmount_9082" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsLineItems_9081" xlink:to="Locator_us-gaap_StatutoryAccountingPracticesStatutoryNetIncomeAmount_9082" order="17.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsTable" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsTable_9157" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OptionIndexedToIssuersEquityTypeAxis" xlink:label="Locator_us-gaap_OptionIndexedToIssuersEquityTypeAxis_9158" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsTable_9157" xlink:to="Locator_us-gaap_OptionIndexedToIssuersEquityTypeAxis_9158" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OptionIndexedToIssuersEquityTypeAxis" xlink:label="Locator_us-gaap_OptionIndexedToIssuersEquityTypeAxis_9181" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OptionIndexedToIssuersEquityTypeDomain" xlink:label="Locator_us-gaap_OptionIndexedToIssuersEquityTypeDomain_9182" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OptionIndexedToIssuersEquityTypeAxis_9181" xlink:to="Locator_us-gaap_OptionIndexedToIssuersEquityTypeDomain_9182" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OptionIndexedToIssuersEquityTypeDomain" xlink:label="Locator_us-gaap_OptionIndexedToIssuersEquityTypeDomain_9183" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OptionTwoMember" xlink:label="Locator_mbi_OptionTwoMember_9184" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_OptionIndexedToIssuersEquityTypeDomain_9183" xlink:to="Locator_mbi_OptionTwoMember_9184" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsTable" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsTable_9159" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_9160" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsTable_9159" xlink:to="Locator_dei_LegalEntityAxis_9160" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsTable" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsTable_9161" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="Locator_us-gaap_StatementEquityComponentsAxis_9162" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsTable_9161" xlink:to="Locator_us-gaap_StatementEquityComponentsAxis_9162" order="3.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceRegulationsAndDividendsTable" xlink:label="Locator_mbi_InsuranceRegulationsAndDividendsTable_9163" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_9164" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_InsuranceRegulationsAndDividendsTable_9163" xlink:to="Locator_us-gaap_RangeAxis_9164" order="4.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/PensionAndProfitSharingPlansNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_9251" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_9252" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RangeAxis_9251" xlink:to="Locator_mbi_RangeDomain_9252" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_RangeDomain" xlink:label="Locator_mbi_RangeDomain_9253" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MaximumMember" xlink:label="Locator_us-gaap_MaximumMember_9254" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_RangeDomain_9253" xlink:to="Locator_us-gaap_MaximumMember_9254" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain" xlink:label="Locator_us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain_9257" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PensionPlansDefinedBenefitMember" xlink:label="Locator_us-gaap_PensionPlansDefinedBenefitMember_9258" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain_9257" xlink:to="Locator_us-gaap_PensionPlansDefinedBenefitMember_9258" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain" xlink:label="Locator_us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain_9259" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_QualifiedProfitSharingMember" xlink:label="Locator_mbi_QualifiedProfitSharingMember_9260" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain_9259" xlink:to="Locator_mbi_QualifiedProfitSharingMember_9260" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain" xlink:label="Locator_us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain_9261" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonqualifiedPensionMember" xlink:label="Locator_mbi_NonqualifiedPensionMember_9262" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain_9261" xlink:to="Locator_mbi_NonqualifiedPensionMember_9262" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain" xlink:label="Locator_us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain_9263" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonqualifiedProfitSharingMember" xlink:label="Locator_mbi_NonqualifiedProfitSharingMember_9264" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain_9263" xlink:to="Locator_mbi_NonqualifiedProfitSharingMember_9264" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GeneralDiscussionOfPensionAndOtherPostretirementBenefitsAbstract" xlink:label="Locator_us-gaap_GeneralDiscussionOfPensionAndOtherPostretirementBenefitsAbstract_9207" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable" xlink:label="Locator_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_9208" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_GeneralDiscussionOfPensionAndOtherPostretirementBenefitsAbstract_9207" xlink:to="Locator_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_9208" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable" xlink:label="Locator_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_9245" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:label="Locator_us-gaap_DefinedBenefitPlanDisclosureLineItems_9246" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_9245" xlink:to="Locator_us-gaap_DefinedBenefitPlanDisclosureLineItems_9246" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:label="Locator_us-gaap_DefinedBenefitPlanDisclosureLineItems_9189" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent" xlink:label="Locator_us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent_9190" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DefinedBenefitPlanDisclosureLineItems_9189" xlink:to="Locator_us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent_9190" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:label="Locator_us-gaap_DefinedBenefitPlanDisclosureLineItems_9191" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_AnnualCompensationMaximumPensionPerEmployeeAmount" xlink:label="Locator_mbi_AnnualCompensationMaximumPensionPerEmployeeAmount_9192" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DefinedBenefitPlanDisclosureLineItems_9191" xlink:to="Locator_mbi_AnnualCompensationMaximumPensionPerEmployeeAmount_9192" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:label="Locator_us-gaap_DefinedBenefitPlanDisclosureLineItems_9193" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfPensionBenefitsVestedDueAfterTwoYears" xlink:label="Locator_mbi_PercentageOfPensionBenefitsVestedDueAfterTwoYears_9194" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DefinedBenefitPlanDisclosureLineItems_9193" xlink:to="Locator_mbi_PercentageOfPensionBenefitsVestedDueAfterTwoYears_9194" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:label="Locator_us-gaap_DefinedBenefitPlanDisclosureLineItems_9195" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfPensionBenefitsVestedDueAfterThreeYears" xlink:label="Locator_mbi_PercentageOfPensionBenefitsVestedDueAfterThreeYears_9196" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DefinedBenefitPlanDisclosureLineItems_9195" xlink:to="Locator_mbi_PercentageOfPensionBenefitsVestedDueAfterThreeYears_9196" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:label="Locator_us-gaap_DefinedBenefitPlanDisclosureLineItems_9197" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfPensionBenefitsVestedDueAfterFourYears" xlink:label="Locator_mbi_PercentageOfPensionBenefitsVestedDueAfterFourYears_9198" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DefinedBenefitPlanDisclosureLineItems_9197" xlink:to="Locator_mbi_PercentageOfPensionBenefitsVestedDueAfterFourYears_9198" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:label="Locator_us-gaap_DefinedBenefitPlanDisclosureLineItems_9199" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfPensionBenefitsVestedDueAfterFiveYears" xlink:label="Locator_mbi_PercentageOfPensionBenefitsVestedDueAfterFiveYears_9200" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DefinedBenefitPlanDisclosureLineItems_9199" xlink:to="Locator_mbi_PercentageOfPensionBenefitsVestedDueAfterFiveYears_9200" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:label="Locator_us-gaap_DefinedBenefitPlanDisclosureLineItems_9201" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PensionExpense" xlink:label="Locator_us-gaap_PensionExpense_9202" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DefinedBenefitPlanDisclosureLineItems_9201" xlink:to="Locator_us-gaap_PensionExpense_9202" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:label="Locator_us-gaap_DefinedBenefitPlanDisclosureLineItems_9203" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DefinedContributionPlanEmployerMatchingContributionPercentOfMatch" xlink:label="Locator_us-gaap_DefinedContributionPlanEmployerMatchingContributionPercentOfMatch_9204" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DefinedBenefitPlanDisclosureLineItems_9203" xlink:to="Locator_us-gaap_DefinedContributionPlanEmployerMatchingContributionPercentOfMatch_9204" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable" xlink:label="Locator_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_9247" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredCompensationArrangementWithIndividualPostretirementBenefitsByTypeOfDeferredCompensationAxis" xlink:label="Locator_us-gaap_DeferredCompensationArrangementWithIndividualPostretirementBenefitsByTypeOfDeferredCompensationAxis_9248" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_9247" xlink:to="Locator_us-gaap_DeferredCompensationArrangementWithIndividualPostretirementBenefitsByTypeOfDeferredCompensationAxis_9248" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredCompensationArrangementWithIndividualPostretirementBenefitsByTypeOfDeferredCompensationAxis" xlink:label="Locator_us-gaap_DeferredCompensationArrangementWithIndividualPostretirementBenefitsByTypeOfDeferredCompensationAxis_9255" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain" xlink:label="Locator_us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain_9256" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_DeferredCompensationArrangementWithIndividualPostretirementBenefitsByTypeOfDeferredCompensationAxis_9255" xlink:to="Locator_us-gaap_EquityBasedArrangementsIndividualContractsTypeOfDeferredCompensationDomain_9256" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable" xlink:label="Locator_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_9249" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="Locator_us-gaap_RangeAxis_9250" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_9249" xlink:to="Locator_us-gaap_RangeAxis_9250" order="2.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/RelatedPartyTransactionsNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="Locator_us-gaap_RelatedPartyTransactionsAbstract_9265" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfVotingInterestsOfCompany" xlink:label="Locator_mbi_PercentageOfVotingInterestsOfCompany_9266" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RelatedPartyTransactionsAbstract_9265" xlink:to="Locator_mbi_PercentageOfVotingInterestsOfCompany_9266" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="Locator_us-gaap_RelatedPartyTransactionsAbstract_9267" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NumberOfSuretyBonds" xlink:label="Locator_mbi_NumberOfSuretyBonds_9268" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RelatedPartyTransactionsAbstract_9267" xlink:to="Locator_mbi_NumberOfSuretyBonds_9268" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="Locator_us-gaap_RelatedPartyTransactionsAbstract_9269" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OutstandingExposureOnSuretyBonds" xlink:label="Locator_mbi_OutstandingExposureOnSuretyBonds_9270" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RelatedPartyTransactionsAbstract_9269" xlink:to="Locator_mbi_OutstandingExposureOnSuretyBonds_9270" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="Locator_us-gaap_RelatedPartyTransactionsAbstract_9271" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LoansToExecutiveOfficersOrDirectors" xlink:label="Locator_mbi_LoansToExecutiveOfficersOrDirectors_9272" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_RelatedPartyTransactionsAbstract_9271" xlink:to="Locator_mbi_LoansToExecutiveOfficersOrDirectors_9272" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/CommonAndPreferredStockNarrativeDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_9423" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_9424" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_LegalEntityAxis_9423" xlink:to="Locator_dei_EntityDomain_9424" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_9425" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InsuranceCorporationMember" xlink:label="Locator_mbi_InsuranceCorporationMember_9426" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_9425" xlink:to="Locator_mbi_InsuranceCorporationMember_9426" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_9427" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_BlueRidgeMember" xlink:label="Locator_mbi_BlueRidgeMember_9428" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_9427" xlink:to="Locator_mbi_BlueRidgeMember_9428" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="Locator_dei_EntityDomain_9429" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_WarburgPincusMember" xlink:label="Locator_mbi_WarburgPincusMember_9430" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_dei_EntityDomain_9429" xlink:to="Locator_mbi_WarburgPincusMember_9430" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="Locator_us-gaap_SubsequentEventTypeAxis_9459" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="Locator_us-gaap_SubsequentEventTypeDomain_9460" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SubsequentEventTypeAxis_9459" xlink:to="Locator_us-gaap_SubsequentEventTypeDomain_9460" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="Locator_us-gaap_SubsequentEventTypeDomain_9461" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="Locator_us-gaap_SubsequentEventMember_9462" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_SubsequentEventTypeDomain_9461" xlink:to="Locator_us-gaap_SubsequentEventMember_9462" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="Locator_us-gaap_AwardTypeAxis_9441" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_9442" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_AwardTypeAxis_9441" xlink:to="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_9442" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_9443" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_LongTermIncentivePlanMember" xlink:label="Locator_mbi_LongTermIncentivePlanMember_9444" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_9443" xlink:to="Locator_mbi_LongTermIncentivePlanMember_9444" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="Locator_us-gaap_StockholdersEquityNoteAbstract_9315" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CommonAndPreferredStockTable" xlink:label="Locator_mbi_CommonAndPreferredStockTable_9316" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StockholdersEquityNoteAbstract_9315" xlink:to="Locator_mbi_CommonAndPreferredStockTable_9316" order="1.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CommonAndPreferredStockTable" xlink:label="Locator_mbi_CommonAndPreferredStockTable_9411" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9412" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_CommonAndPreferredStockTable_9411" xlink:to="Locator_us-gaap_ClassOfStockLineItems_9412" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9273" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfWarrantOrRightOutstanding" xlink:label="Locator_us-gaap_ClassOfWarrantOrRightOutstanding_9274" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9273" xlink:to="Locator_us-gaap_ClassOfWarrantOrRightOutstanding_9274" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9275" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:label="Locator_us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_9276" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9275" xlink:to="Locator_us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_9276" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9277" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_WarrantTerm" xlink:label="Locator_mbi_WarrantTerm_9278" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9277" xlink:to="Locator_mbi_WarrantTerm_9278" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9279" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WarrantsAndRightsOutstanding" xlink:label="Locator_us-gaap_WarrantsAndRightsOutstanding_9280" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9279" xlink:to="Locator_us-gaap_WarrantsAndRightsOutstanding_9280" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9281" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:label="Locator_us-gaap_StockRepurchaseProgramAuthorizedAmount1_9282" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9281" xlink:to="Locator_us-gaap_StockRepurchaseProgramAuthorizedAmount1_9282" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9283" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TreasuryStockSharesAcquired" xlink:label="Locator_us-gaap_TreasuryStockSharesAcquired_9284" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9283" xlink:to="Locator_us-gaap_TreasuryStockSharesAcquired_9284" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9285" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TreasuryStockValueAcquiredCostMethod" xlink:label="Locator_us-gaap_TreasuryStockValueAcquiredCostMethod_9286" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9285" xlink:to="Locator_us-gaap_TreasuryStockValueAcquiredCostMethod_9286" order="7.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9287" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TreasuryStockAcquiredAverageCostPerShare" xlink:label="Locator_us-gaap_TreasuryStockAcquiredAverageCostPerShare_9288" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9287" xlink:to="Locator_us-gaap_TreasuryStockAcquiredAverageCostPerShare_9288" order="8.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9289" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1" xlink:label="Locator_us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1_9290" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9289" xlink:to="Locator_us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1_9290" order="9.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9291" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="Locator_us-gaap_PreferredStockSharesIssued_9292" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9291" xlink:to="Locator_us-gaap_PreferredStockSharesIssued_9292" order="10.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9293" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodShares" xlink:label="Locator_us-gaap_StockRepurchasedDuringPeriodShares_9294" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9293" xlink:to="Locator_us-gaap_StockRepurchasedDuringPeriodShares_9294" order="11.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9295" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodValue" xlink:label="Locator_us-gaap_StockRepurchasedDuringPeriodValue_9296" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9295" xlink:to="Locator_us-gaap_StockRepurchasedDuringPeriodValue_9296" order="12.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9297" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="Locator_us-gaap_PreferredStockSharesOutstanding_9298" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9297" xlink:to="Locator_us-gaap_PreferredStockSharesOutstanding_9298" order="13.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9299" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockValueOutstanding" xlink:label="Locator_us-gaap_PreferredStockValueOutstanding_9300" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9299" xlink:to="Locator_us-gaap_PreferredStockValueOutstanding_9300" order="14.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9301" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_PercentageOfFaceValueOfRepurchasedPreferredStock" xlink:label="Locator_mbi_PercentageOfFaceValueOfRepurchasedPreferredStock_9302" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9301" xlink:to="Locator_mbi_PercentageOfFaceValueOfRepurchasedPreferredStock_9302" order="15.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9303" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="Locator_us-gaap_PreferredStockParOrStatedValuePerShare_9304" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9303" xlink:to="Locator_us-gaap_PreferredStockParOrStatedValuePerShare_9304" order="16.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9305" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockLiquidationPreference" xlink:label="Locator_us-gaap_PreferredStockLiquidationPreference_9306" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9305" xlink:to="Locator_us-gaap_PreferredStockLiquidationPreference_9306" order="17.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9307" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateTerms" xlink:label="Locator_us-gaap_DebtInstrumentInterestRateTerms_9308" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9307" xlink:to="Locator_us-gaap_DebtInstrumentInterestRateTerms_9308" order="18.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9309" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NonPaymentOfDividendsOnPreferredStock" xlink:label="Locator_mbi_NonPaymentOfDividendsOnPreferredStock_9310" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9309" xlink:to="Locator_mbi_NonPaymentOfDividendsOnPreferredStock_9310" order="19.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="Locator_us-gaap_ClassOfStockLineItems_9311" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NumberOfDirectors" xlink:label="Locator_mbi_NumberOfDirectors_9312" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockLineItems_9311" xlink:to="Locator_mbi_NumberOfDirectors_9312" order="20.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CommonAndPreferredStockTable" xlink:label="Locator_mbi_CommonAndPreferredStockTable_9413" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfWarrantOrRightAxis" xlink:label="Locator_us-gaap_ClassOfWarrantOrRightAxis_9414" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_CommonAndPreferredStockTable_9413" xlink:to="Locator_us-gaap_ClassOfWarrantOrRightAxis_9414" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfWarrantOrRightAxis" xlink:label="Locator_us-gaap_ClassOfWarrantOrRightAxis_9431" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfWarrantOrRightDomain" xlink:label="Locator_us-gaap_ClassOfWarrantOrRightDomain_9432" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfWarrantOrRightAxis_9431" xlink:to="Locator_us-gaap_ClassOfWarrantOrRightDomain_9432" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfWarrantOrRightDomain" xlink:label="Locator_us-gaap_ClassOfWarrantOrRightDomain_9433" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WarrantMember" xlink:label="Locator_us-gaap_WarrantMember_9434" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfWarrantOrRightDomain_9433" xlink:to="Locator_us-gaap_WarrantMember_9434" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfWarrantOrRightDomain" xlink:label="Locator_us-gaap_ClassOfWarrantOrRightDomain_9435" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassBWarrantsMember" xlink:label="Locator_mbi_ClassBWarrantsMember_9436" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfWarrantOrRightDomain_9435" xlink:to="Locator_mbi_ClassBWarrantsMember_9436" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfWarrantOrRightDomain" xlink:label="Locator_us-gaap_ClassOfWarrantOrRightDomain_9437" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_ClassBTwoWarrantsMember" xlink:label="Locator_mbi_ClassBTwoWarrantsMember_9438" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfWarrantOrRightDomain_9437" xlink:to="Locator_mbi_ClassBTwoWarrantsMember_9438" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfWarrantOrRightDomain" xlink:label="Locator_us-gaap_ClassOfWarrantOrRightDomain_9439" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_GrossupWarrantMember" xlink:label="Locator_mbi_GrossupWarrantMember_9440" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfWarrantOrRightDomain_9439" xlink:to="Locator_mbi_GrossupWarrantMember_9440" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CommonAndPreferredStockTable" xlink:label="Locator_mbi_CommonAndPreferredStockTable_9415" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="Locator_us-gaap_AwardTypeAxis_9416" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_CommonAndPreferredStockTable_9415" xlink:to="Locator_us-gaap_AwardTypeAxis_9416" order="2.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CommonAndPreferredStockTable" xlink:label="Locator_mbi_CommonAndPreferredStockTable_9417" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="Locator_us-gaap_StatementClassOfStockAxis_9418" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_CommonAndPreferredStockTable_9417" xlink:to="Locator_us-gaap_StatementClassOfStockAxis_9418" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="Locator_us-gaap_StatementClassOfStockAxis_9445" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="Locator_us-gaap_ClassOfStockDomain_9446" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementClassOfStockAxis_9445" xlink:to="Locator_us-gaap_ClassOfStockDomain_9446" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="Locator_us-gaap_ClassOfStockDomain_9447" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="Locator_us-gaap_PreferredStockMember_9448" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockDomain_9447" xlink:to="Locator_us-gaap_PreferredStockMember_9448" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="Locator_us-gaap_ClassOfStockDomain_9449" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TwoThousandAndSevenRepurchaseAuthorizationMember" xlink:label="Locator_mbi_TwoThousandAndSevenRepurchaseAuthorizationMember_9450" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockDomain_9449" xlink:to="Locator_mbi_TwoThousandAndSevenRepurchaseAuthorizationMember_9450" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="Locator_us-gaap_ClassOfStockDomain_9451" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_TwothousandfourteenrepurchaseauthorizationMember" xlink:label="Locator_mbi_TwothousandfourteenrepurchaseauthorizationMember_9452" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockDomain_9451" xlink:to="Locator_mbi_TwothousandfourteenrepurchaseauthorizationMember_9452" order="3.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="Locator_us-gaap_ClassOfStockDomain_9453" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_UnaffiliatedInvestorsMember" xlink:label="Locator_mbi_UnaffiliatedInvestorsMember_9454" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockDomain_9453" xlink:to="Locator_mbi_UnaffiliatedInvestorsMember_9454" order="4.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="Locator_us-gaap_ClassOfStockDomain_9455" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_JulyTwoThousandFifteenRepurchaseAuthorizationMember" xlink:label="Locator_mbi_JulyTwoThousandFifteenRepurchaseAuthorizationMember_9456" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockDomain_9455" xlink:to="Locator_mbi_JulyTwoThousandFifteenRepurchaseAuthorizationMember_9456" order="5.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="Locator_us-gaap_ClassOfStockDomain_9457" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_OctobertwothousandfifteenrepurchaseauthorizationMember" xlink:label="Locator_mbi_OctobertwothousandfifteenrepurchaseauthorizationMember_9458" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ClassOfStockDomain_9457" xlink:to="Locator_mbi_OctobertwothousandfifteenrepurchaseauthorizationMember_9458" order="6.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CommonAndPreferredStockTable" xlink:label="Locator_mbi_CommonAndPreferredStockTable_9419" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="Locator_dei_LegalEntityAxis_9420" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_CommonAndPreferredStockTable_9419" xlink:to="Locator_dei_LegalEntityAxis_9420" order="4.0" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_CommonAndPreferredStockTable" xlink:label="Locator_mbi_CommonAndPreferredStockTable_9421" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="Locator_us-gaap_SubsequentEventTypeAxis_9422" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_CommonAndPreferredStockTable_9421" xlink:to="Locator_us-gaap_SubsequentEventTypeAxis_9422" order="5.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/BusinessDevelopmentsAndRisksAndUncertaintiesAssetsAndLiabilitiesHeldForSaleDetail">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="Locator_us-gaap_StatementOfFinancialPositionAbstract_9463" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfLongLivedAssetsHeldForSaleTable" xlink:label="Locator_us-gaap_ScheduleOfLongLivedAssetsHeldForSaleTable_9464" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_StatementOfFinancialPositionAbstract_9463" xlink:to="Locator_us-gaap_ScheduleOfLongLivedAssetsHeldForSaleTable_9464" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfLongLivedAssetsHeldForSaleTable" xlink:label="Locator_us-gaap_ScheduleOfLongLivedAssetsHeldForSaleTable_9499" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleLineItems" xlink:label="Locator_us-gaap_LongLivedAssetsHeldForSaleLineItems_9500" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfLongLivedAssetsHeldForSaleTable_9499" xlink:to="Locator_us-gaap_LongLivedAssetsHeldForSaleLineItems_9500" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleLineItems" xlink:label="Locator_us-gaap_LongLivedAssetsHeldForSaleLineItems_9465" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent" xlink:label="Locator_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent_9466" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LongLivedAssetsHeldForSaleLineItems_9465" xlink:to="Locator_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent_9466" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleLineItems" xlink:label="Locator_us-gaap_LongLivedAssetsHeldForSaleLineItems_9467" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation" xlink:label="Locator_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation_9468" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LongLivedAssetsHeldForSaleLineItems_9467" xlink:to="Locator_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation_9468" order="2.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfLongLivedAssetsHeldForSaleTable" xlink:label="Locator_us-gaap_ScheduleOfLongLivedAssetsHeldForSaleTable_9501" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis" xlink:label="Locator_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis_9502" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_ScheduleOfLongLivedAssetsHeldForSaleTable_9501" xlink:to="Locator_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis_9502" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis" xlink:label="Locator_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis_9503" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleNameDomain" xlink:label="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9504" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis_9503" xlink:to="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9504" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleNameDomain" xlink:label="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9505" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_InvestmentsAtFairValueMember" xlink:label="Locator_mbi_InvestmentsAtFairValueMember_9506" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9505" xlink:to="Locator_mbi_InvestmentsAtFairValueMember_9506" order="1.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleNameDomain" xlink:label="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9507" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsMember" xlink:label="Locator_us-gaap_CashAndCashEquivalentsMember_9508" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9507" xlink:to="Locator_us-gaap_CashAndCashEquivalentsMember_9508" order="2.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleNameDomain" xlink:label="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9509" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_FacilityMember" xlink:label="Locator_mbi_FacilityMember_9510" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9509" xlink:to="Locator_mbi_FacilityMember_9510" order="3.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleNameDomain" xlink:label="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9511" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherCurrentAssetsMember" xlink:label="Locator_us-gaap_OtherCurrentAssetsMember_9512" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9511" xlink:to="Locator_us-gaap_OtherCurrentAssetsMember_9512" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleNameDomain" xlink:label="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9513" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashMember" xlink:label="Locator_us-gaap_CashMember_9514" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9513" xlink:to="Locator_us-gaap_CashMember_9514" order="5.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleNameDomain" xlink:label="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9515" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansReceivableMember" xlink:label="Locator_us-gaap_LoansReceivableMember_9516" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9515" xlink:to="Locator_us-gaap_LoansReceivableMember_9516" order="6.0" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleNameDomain" xlink:label="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9517" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherCurrentLiabilitiesMember" xlink:label="Locator_us-gaap_OtherCurrentLiabilitiesMember_9518" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9517" xlink:to="Locator_us-gaap_OtherCurrentLiabilitiesMember_9518" order="7.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleNameDomain" xlink:label="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9519" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesPayableOtherPayablesMember" xlink:label="Locator_us-gaap_NotesPayableOtherPayablesMember_9520" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9519" xlink:to="Locator_us-gaap_NotesPayableOtherPayablesMember_9520" order="8.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleNameDomain" xlink:label="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9521" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansPayableMember" xlink:label="Locator_us-gaap_LoansPayableMember_9522" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_LongLivedAssetsHeldForSaleNameDomain_9521" xlink:to="Locator_us-gaap_LoansPayableMember_9522" order="9.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/RecentAccountingPronouncementsNarrativeDetail">
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_DisclosureVariableInterestEntitiesNarrativeAbstract" xlink:label="Locator_mbi_DisclosureVariableInterestEntitiesNarrativeAbstract_9523" />
        <loc xlink:type="locator" xlink:href="mbi-20151231.xsd#mbi_NumberOfVariableInterestEntitiesDeconsolidated" xlink:label="Locator_mbi_NumberOfVariableInterestEntitiesDeconsolidated_9524" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_mbi_DisclosureVariableInterestEntitiesNarrativeAbstract_9523" xlink:to="Locator_mbi_NumberOfVariableInterestEntitiesDeconsolidated_9524" order="1.0" />
    </presentationLink>
    <presentationLink xlink:type="extended" xlink:role="http://www.mbia.com/role/CommonAndPreferredStockTables">
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="Locator_us-gaap_TextBlockAbstract_9525" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfTreasuryStockByClassTextBlock" xlink:label="Locator_us-gaap_ScheduleOfTreasuryStockByClassTextBlock_9526" />
        <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="Locator_us-gaap_TextBlockAbstract_9525" xlink:to="Locator_us-gaap_ScheduleOfTreasuryStockByClassTextBlock_9526" order="1.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    </presentationLink>
</linkbase>


