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Loan Modification

: Mortgage Lender Implode-o-Meter

RBS analysts see 'insurmountable' obstacles facing investors of Countrywide MBS

By Implode-Explode Heavy Industries

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"Royal Bank of Scotland analysts foresee "significant and perhaps insurmountable" challenges for investors trying to force the trustee of $26 billion of non-agency residential mortgage-backed securities issued by Countrywide Financial Corp. to repurchase the mortgages."

Full post as published by Mortgage Lender Implode-o-Meter on September 17, 2010 (boomark / email).

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