http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-24328 Tue, 09 Feb 2010 19:21:23 GMT http://implode-explode.com/viewnews/2010-02-09_ForgettheMortgageImPayingMyCreditCardBill.html "Before the housing crisis, bankers typically operated under the assumption that homeowners would do whatever possible to remain current on their mortgage—even if that meant falling behind on other bills. "It used to be that the mortgage was sacrosanct," says Keith Gumbinger of HSH.com. "You paid it before anything else." But a combination of factors linked to the current economic mess—falling home prices, high unemployment, and tight consumer credit—have lead many consumers to prioritize credit card payments above mortgage bills."]]> iehi-feed-24327 Tue, 09 Feb 2010 19:19:23 GMT http://implode-explode.com/viewnews/2010-02-09_AaxaMortgagegetssecondlife.html "A Wilmington-based mortgage company will remain open, thanks to the help of a West Coast bank. AAXA Mortgage was forced to close its doors last week after an agreement with another bank went bad."]]> iehi-feed-24326 Tue, 09 Feb 2010 19:15:12 GMT http://implode-explode.com/viewnews/2010-02-09_MortgageBankersAssociationsellsHQat38mloss.html "If anyone should be capable of financing a property successfully, you would think it would be the US Mortgage Bankers Association. But the nationwide trade organisation has been obliged to sell its own headquarters at a loss of $38m after spectacularly misjudging the value of a prime slice of Washington office space."]]> iehi-feed-24325 Tue, 09 Feb 2010 19:02:59 GMT http://implode-explode.com/viewnews/2010-02-09_FHALoanDefaultsSurpass9.html "Officials at the Federal Housing Administration take every opportunity they can to assure the public that the agency is weathering the housing downturn just fine. But the latest batch of numbers show that defaults on loans backed by the government insurer show no signs of slowing."]]> iehi-feed-24324 Tue, 09 Feb 2010 18:06:36 GMT http://implode-explode.com/viewnews/2010-02-09_Duluthmanarrested16billioninphonyTreasurynotesseized.html "On Feb. 1, Gwinnett County sheriff's investigators were notified by an attorney that Lloyd Clifford Norris wanted to purchase a home by using a registered promissory note supposedly certified by Treasury Secretary Timothy Geithner..."]]> iehi-feed-24323 Tue, 09 Feb 2010 17:55:48 GMT http://implode-explode.com/viewnews/2010-02-09_CUMortgageLendersFaceDifficultYear.html "Credit union mortgage lenders came off a record breaking year in 2009, but industry executives fear 2010 may not see the same sorts of gains."]]> iehi-feed-24321 Tue, 09 Feb 2010 16:00:59 GMT http://implode-explode.com/viewnews/2010-02-09_WhatEverHappenedtoThatObamaMortgageModificationPlan.html iehi-feed-24320 Tue, 09 Feb 2010 15:58:15 GMT http://implode-explode.com/viewnews/2010-02-09_InBrooklynMortgageCrisisEatsAwayWealthofSeveralGenerationsofHisp.html iehi-feed-24319 Tue, 09 Feb 2010 15:54:11 GMT http://implode-explode.com/viewnews/2010-02-09_ScariestChartEVERLossSeveritySubprimeFirstLien.html iehi-feed-24318 Tue, 09 Feb 2010 15:50:59 GMT http://implode-explode.com/viewnews/2010-02-09_NoExitinSightforUSAsFannieFreddieFlail.html iehi-feed-24315 Tue, 09 Feb 2010 15:29:22 GMT http://implode-explode.com/viewnews/2010-02-09_Timeforbonusroundatbanks.html iehi-feed-24314 Tue, 09 Feb 2010 15:27:09 GMT http://implode-explode.com/viewnews/2010-02-09_Creditunionsseeklargershareofbusinessloans.html iehi-feed-24312 Tue, 09 Feb 2010 14:18:34 GMT http://implode-explode.com/viewnews/2010-02-09_PlotThickensRBAJubileeAsianCreditorCenbanksDominating.html iehi-feed-24311 Tue, 09 Feb 2010 14:15:36 GMT http://implode-explode.com/viewnews/2010-02-09_USPrimeJumboRMBSdelinquencyratecouldtop10asearlyasnextmonth.html iehi-feed-24309 Tue, 09 Feb 2010 14:08:47 GMT http://implode-explode.com/viewnews/2010-02-09_BillCallsForPublicTransparencyIntoFannieFreddieOperations.html iehi-feed-24308 Tue, 09 Feb 2010 14:06:34 GMT http://implode-explode.com/viewnews/2010-02-09_BlindPoolsFalterasZimanCallahanPlanPropertyComeback.html iehi-feed-24307 Tue, 09 Feb 2010 14:04:53 GMT http://implode-explode.com/viewnews/2010-02-09_PulteHomesPosts13thStraightQuarterlyLoss.html iehi-feed-24305 Tue, 09 Feb 2010 13:57:08 GMT http://implode-explode.com/viewnews/2010-02-09_IndyMacandtheFDICBePreparedToFeelBurned.html iehi-feed-24304 Tue, 09 Feb 2010 11:00:56 GMT http://implode-explode.com/viewnews/2010-02-09_DidTheObamaAdministrationDoANYHomeworkBeforeAnnouncingTheVolcker.html iehi-feed-24303 Tue, 09 Feb 2010 01:13:35 GMT http://implode-explode.com/viewnews/2010-02-08_California1MPlusHomeSalesDrop24.html