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Article: Financial Guaranty Insurance Company's structured finance department to provide insurance on asset-backed securities.
- Article from:
- PR Newswire
- Article date:
- May 22, 1989
CopyrightCOPYRIGHT 1989 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FINANCIAL GUARANTY INSURANCE COMPANY'S STRUCTURED FINANCE
DEPARTMENT TO PROVIDE INSURANCE ON ASSET-BACKED SECURITIES
NEW YORK, May 22 /PRNewswire/ -- Financial Guaranty Insurance Company's (FGIC) structured finance department plans to provide guarantees for securities backed by non-mortgage assets.
FGIC's Structured Finance Department will utilize the company's experience in insuring municipal and mortgage-backed securities. In so doing, FGIC may also draw on the asset knowledge of its new owner, GE Capital, to expand its surety line into the broader, asset-backed securities market. FGIC, over the past several years, has already ...