Financial Guaranty Insurance Corp. has made good on its promise to expand outside of home equity in the ABS market. The newly staffed-up monoline wrapped its first-ever rental car deal for AESOP, the issuance vehicle of Avis Rent A Car, a subsidiary of Cendant Corp.
This is also FGIC's first ABS wrap since mid-last year, prior to the sale of FGIC from GE Capital Corp. to a group of investors led by the PMI Group.
FGIC WRAPPED ABS 2003
| 3/11/2003 | Wachovia Securities Asset Securities Inc. 2003-HE1 | $1,000.00 | WS |
| 3/18/2003 | GMAC Home Equity Loan Trust 2003-HE2 | $718.56 | BS |
| 4/10/2003 | Fleet HELOC Trust 2003-1 | $788.00 | CITI/LB |
| 5/28/2003 | Countrywide HELOC Trust 2003-E | $550.00 | CSC |
| 6/9/2003 | GMAC-RFC RFMSII 2003-HS2 | $649.95 | BS |
| 6/11/2003 | Wachovia ASI HELOC 2003-HE2 | $1,250.00 | WS |
| Total | $4,956.51 |
