What does this mean? CWALT Alternative Loan Trust?

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BY THE BANK OF NEW YORK AS TRUSTEE FOR THE BENEFIT OF THE CERTIFICATE HOLDERS CWALT INC ALTERNATIVE LOAN TRUST 2007-12TI
Looking for information into mortgage backed securities, how to locate what is in Trust 2007 12TI, what is the trustee responsibility. Why does Countrywide call this CWALT.
Doing research on a issue.

1 Comment
  1. Reply
    Steve
    April 29, 2011 at 11:38 pm

    Countrywide Home Loan Company appears to have packaged a large group of mortgages into a trust which is being managed by Bank of New York. Investors now hold shares in this trust which is publicly held. You can get a copy of the prospectus on line and read all about it. CWALT stands for Countrywide Alternative Loan Trust

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