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|