EXHIBIT 99.1




                CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
                      AS ADOPTED PURSUANT TO SECTION 906 OF
                         THE SARBANES-OXLEY ACT OF 2002



In connection with the Quarterly Report of FGIC Securities  Purchase,  Inc. (the
"Company")  on Form 10-Q for the period  ending  June 30, 2002 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), I, Deborah
M. Reif, Chief Executive  Officer of the Company,  hereby certify pursuant to 18
U.S.C.  Section 1350, as adopted  pursuant to Section 906 of the  Sarbanes-Oxley
Act of 2002, that:

          (1)       the Report fully complies with the  requirements  of Section
                    13(a) or 15(d) of the Securities Exchange Act of 1934; and

          (2)       the information  contained in the Report fairly presents, in
                    all material respects,  the financial  condition and results
                    of operations of the Company.






                                               /s/ Deborah M. Reif
                                               ---------------------------
Date: August 14, 2002                          Deborah M. Reif
                                               Chief Executive Officer