The delay and higher than expected cost of Rio Tinto’s Oyu Tolgoi mine project highlights the risks associated with block caving, an underground hard rock mining method, which could have implications for copper supply and pricing, says Fitch Ratings.
PropertyRadar: california real estate market stuck in low gear Alt-A Losses Outstripping Expectations, Moody’s Says California settlement puts Ocwen on a leash Ocwen Enters Into Comprehensive Settlement With California. – Under this settlement, the DBO will lift its prior restriction on Ocwen’s ability to acquire mortgage servicing rights.
Alt-A Losses Outstripping Expectations, Moody’s Says Moody’s has updated its loss expectations on Alt-A pools issued prior to that year. Although most of these pools have paid down significantly, the remaining loans are affected by the housing and macroeconomic conditions that remain under duress, Moody’s says.
The losses in prime collateral seem to be a drop in the bucket compared with the delinquent payments Countrywide experienced on 23.71% of its subprime loans. However, most of Countrywide’s troubles resulted from write-downs and losses in its prime portfolio rather than its.
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