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News about Mortgages:
OZ Minerals gets two-month reprieve to refinance debt - The AustralianOZ Minerals has won a two-month reprieve to refinance debt, but the embattled miner's future is far from assured. OZ Minerals CEO Andrew Michelmore. Picture: Michael Potter Several members of the company's banking syndicate have broken ranks and are ...
OZ Seeks January Sale of Indonesia Gold Mine; Creditors Circle - BloombergDec. 31 (Bloomberg) -- OZ Minerals Ltd. , the Australian miner given a two-month extension by its banks to refinance $560 million of debt, aims to sell its Martabe gold project in Indonesia by the middle of next month, a sale document shows. The ...
OZ Minerals to sell big gold project - The AgeOZ MINERALS, which on Tuesday won a two-month extension from its banks to refinance $811 million of debt, aims to sell its Martabe gold project in Indonesia by the middle of this month. OZ is seeking bids for the venture, which has proven gold ...
OZ Minerals pays the price for not hedging its bets - The AustralianIT seems clear that a key factor, if not the key factor, that has brought the base metals and gold producer OZ Minerals to its knees is the failure to carry some hedging against its exposure to commodity prices. Prior to the onset of the global ...
2008: Year in Review - Complete Edition - Wayne IndependentHere is the complete round-up of highlights from front page news in The Wayne Independent for 2008 in Wayne County, Pa. 2- The year opens with coverage of one of many seminars on natural gas leasing, as companies and landmen canvass northern Wayne ...
Today's Mortgage Terms starting with E
Equity: The difference between the current market value of a property and the total debt outstanding against the property.
Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.
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