Press reports continue to mount over the possible exit of Greece from the eurozone, which can cause  Greek RMBS defaults.

The Royal Bank of Scotland analysts, in a report today, said that since the majority of the deals are written under English law, an immediate consequence  of the redenomination of the Greek currency will be on mortgages. These loans, which are local contracts, will be unilaterally redenominated in the new currency.

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