June 1990 News | RefinanceMortgage.com.au

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Refinance Mortgage News

Estate Unit Holders Face Loss Of $250m

Monday June 18, 1990

Investors in the Estate Mortgage trusts stand to lose about $250 million of their $620 million investment in the event the trusts are liquidated, according to a draft report on the embattled group by KPMG Peat Marwick. Estate Mortgage's 46,000 unit holders in the six trusts face a return