2010021601

Credit Event

FGIC Corporation

Event Publicly Available Information:

The Reference Entity failed to make a payment of interest due and payable on its senior unsecured 6% Senior Notes due 2034 (Cusip Number 302915AA1) on January 15, 2010 in an aggregate amount of not less than the Payment Requirement. The 30-day grace period for such payment expired on February 15, 2010. LINK TO TRUSTEE NOTICE OF DEFAULT TO HOLDERS: Click here.