When Financial Security Assurance Inc. was formed in 1985, asset-backed securities were full of potential - but not yet much of a market.

In that year, the total amount of publicly issued asset-backed securities was not much more than $500 million, and almost all those issues were securitizations of auto loans.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.