Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-55503 Fri, 21 Nov 2014 23:31:38 GMT Love Them or Loathe... Him? Ron Lieber on Reverse Mortgages - Mandelman Matters http://implode-explode.com/viewnews/2014-11-21_LoveThemorLoatheHimRonLieberonReverseMortgagesMandelmanMatters.html iehi-feed-55502 Fri, 21 Nov 2014 18:29:49 GMT De Blasio Hires Convicted Mortgage Scammer As NYC's Ebola Cleanup Czar http://implode-explode.com/viewnews/2014-11-21_DeBlasioHiresConvictedMortgageScammerAsNYCsEbolaCleanupCzar.html iehi-feed-55495 Thu, 20 Nov 2014 21:10:50 GMT Gold Demand Explodes 'Round The World (ROUNDUP) http://implode-explode.com/viewnews/2014-11-20_GoldDemandExplodesRoundTheWorldROUNDUP.html Here is a round-up of stories from the last few days showing (in contrary to a few curious news stories) demand for physical gold exploding around the world in response to unusually low prices.

  • Eric Sprott: Global Gold Demand Is Overwhelming Supply -
    We see almost 60 tons a week being delivered on the Shanghai Gold Exchange. Well, you start annualizing 60 tons a week you're talking 3,000 tons a year now. We saw 94 tons of gold go into India in September. We saw the Russian Central Bank buy 37 tons of gold in September. I mean I could come up with numbers that might suggest that we've got 400 tons a week of demand. And we only got 230 tons a week of mine supply. And I've only gotten to three data points. I haven't even gone to the rest of the world.
  • Who's Feeding China's Gold Hunger? -
    This year the Chinese have started to import more gold directly into the mainland, circumventing Hong Kong. Unfortunately China itself doesn't publish gold trade data -- as they prefer to keep the world uninformed about their gold hunger not to influence the price. China openly changed import policy in April (from 1:14):
  • India Precious Metals Import Explodes In October -
    Despite all efforts from the Indian government to curtail India's demand for precious metals -- for example a 10 % import duty on both gold and silver, the Indian people continue to put their savings in a store of value they consider being prudent; precious metals.
  • Low UAE gold prices set off buying surge -
    ... the ongoing softness in global gold prices are prompting more shoppers to snap up more of the metal in its various forms. According to estimates from the local jewellery trade, retail offtake for the full year in the UAE could be up by 15-20 per cent in volume terms (in kilograms) compared with 2013. If only the second half of the year is taken into account, which was when prices started to show real weakness, volume gains could even be in the 40 per cent range.
  • `Gold Wars' - Swiss Gold Shenanigans Intensify Prior To November 30 Vote -
    The Swiss National Bank (SNB) and establishment parties went "all in" during the week and intensified their campaign. They suggested that passing the Swiss Gold Initiative would be a `fatal' for Switzerland and would be positive only for speculators.
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iehi-feed-55427 Thu, 13 Nov 2014 20:59:06 GMT Vito Corleone's New York Mansion On The Market For $2.89 Million http://implode-explode.com/viewnews/2014-11-13_VitoCorleonesNewYorkMansionOnTheMarketFor289Million.html iehi-feed-55401 Mon, 10 Nov 2014 17:04:49 GMT "Land mines" threaten housing recovery, could trigger surge in defaults | Mandelman Matters http://implode-explode.com/viewnews/2014-11-10_LandminesthreatenhousingrecoverycouldtriggersurgeindefaultsMande.html iehi-feed-55393 Sun, 09 Nov 2014 13:03:49 GMT Banks Urge Investors To Buy For-Profit College Stocks http://implode-explode.com/viewnews/2014-11-09_BanksUrgeInvestorsToBuyForProfitCollegeStocks.html iehi-feed-55369 Thu, 06 Nov 2014 15:19:42 GMT Screwing Our Vets Is an American Tradition | Richard Zombeck http://implode-explode.com/viewnews/2014-11-06_ScrewingOurVetsIsanAmericanTraditionRichardZombeck.html ``Fourth Quarter's management company, Burgwyn Residential Management Services, LLC are now the subject of a HUD complaint filed by Mitchell and 10 other disabled vets with the help of Lacefield and Coleman, LLC.

According to The Denver Post, Fourth Quarter Apartments receives a 20-year subsidy of $201,600 annually from a local non-profit. Additionally, according to a March 2014 Denver City Council meeting agenda, they could be receiving an additional $584,457 every year from the city of Denver.

Earlier this month, the tenants of Fourth Quarter Apartments, with the help of Lacefield and Coleman Fair Housing Advocates, LLC, a firm that helps homeowners and tenants with Fair Housing and Fair Lending complaints, filed multiple complaints with HUD against the property management company, Burgwyn Residential Management Services, LLC and property manager Jill Montgomery.''

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iehi-feed-55356 Tue, 04 Nov 2014 20:38:16 GMT Could Fallout From The NYDFS Investigation Bankrupt OCWEN? http://implode-explode.com/viewnews/2014-11-04_CouldFalloutFromTheNYDFSInvestigationBankruptOCWEN.html iehi-feed-55343 Mon, 03 Nov 2014 16:14:30 GMT Fed to Stop Bond Buying, Uncharted Waters Ahead - Mandelman Matters http://implode-explode.com/viewnews/2014-11-03_FedtoStopBondBuyingUnchartedWatersAheadMandelmanMatters.html iehi-feed-55319 Thu, 30 Oct 2014 22:54:46 GMT 100,000+ Detroiters Could Be Homeless Due To Deadbeat Landlords http://implode-explode.com/viewnews/2014-10-30_100000DetroitersCouldBeHomelessDueToDeadbeatLandlords.html iehi-feed-55296 Tue, 28 Oct 2014 20:52:35 GMT Are Deutsche Bank & OCWEN Trying To Steal The Home Of A Military Veteran With Cancer? http://implode-explode.com/viewnews/2014-10-28_AreDeutscheBankOCWENTryingToStealTheHomeOfAMilitaryVeteranWithCa.html iehi-feed-55280 Thu, 23 Oct 2014 20:34:22 GMT SAY WATT? Fannie & Freddie Encourages Sub-Prime Lending | Mandelman Matters http://implode-explode.com/viewnews/2014-10-23_SAYWATTFannieFreddieEncouragesSubPrimeLendingMandelmanMatters.html iehi-feed-55246 Sun, 19 Oct 2014 18:53:00 GMT Foreclosures Rising 1st Time in 3 Years, Says RealtyTrac - Mandelman http://implode-explode.com/viewnews/2014-10-19_ForeclosuresRising1stTimein3YearsSaysRealtyTracMandelman.html iehi-feed-55233 Thu, 16 Oct 2014 16:03:13 GMT Future SHOCK for Older Homeowners: You Won't Get a HELOC, a Second, or Refi based on your Equity | Mandelman Matters http://implode-explode.com/viewnews/2014-10-16_FutureSHOCKforOlderHomeownersYouWontGetaHELOCaSecondorRefibasedo.html iehi-feed-55211 Tue, 14 Oct 2014 14:28:45 GMT Mass Protest Planned At David Trott's Posh Real Estate Office http://implode-explode.com/viewnews/2014-10-14_MassProtestPlannedAtDavidTrottsPoshRealEstateOffice.html iehi-feed-55190 Fri, 10 Oct 2014 02:02:37 GMT BofA Reportedly Cutting Back 1000 Jobs in Mtg Fulfillment; Adding To Loss Mit http://implode-explode.com/viewnews/2014-10-09_BofAReportedlyCuttingBack1000JobsinMtgFulfillmentAddingToLossMit.html This just in from a reader:

BOA just shut down all fulfillment jobs (over 1000) in Jacksonville FL site and announced a majority of us will be converted to loss mit. As a DE underwriter, I am patiently waiting to see if they pay my salary to be a Hamp Underwriter. This shows the economy is sucking, Hamp was ended 2 years ago, and now it is panic mode at Bank of America.

The economy is still in the toilet, you say? We are shocked... SHOCKED...

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iehi-feed-55182 Wed, 08 Oct 2014 17:04:37 GMT "Schuette On Duty" Is AWOL When It Comes To Foreclosure Fraud http://implode-explode.com/viewnews/2014-10-08_SchuetteOnDutyIsAWOLWhenItComesToForeclosureFraud.html iehi-feed-55181 Wed, 08 Oct 2014 16:26:01 GMT Dear Bloomberg & Financial Advisors: They can't get a HELOC & don't want to sell their homes - Mandelman Matters http://implode-explode.com/viewnews/2014-10-08_DearBloombergFinancialAdvisorsTheycantgetaHELOCdontwanttosellthe.html iehi-feed-55167 Tue, 07 Oct 2014 03:39:06 GMT MANDELMAN HOMEOWNER ALERT: Mortgage Investors Fraud Recovery's 50-2-40 Program & CFLA's Quiet Title, Audits and Experts http://implode-explode.com/viewnews/2014-10-06_MANDELMANHOMEOWNERALERTMortgageInvestorsFraudRecoverys50240Progr.html iehi-feed-55145 Sat, 04 Oct 2014 13:42:34 GMT How are you feeling and what are you thinking? A Mandelman Matters Survey http://implode-explode.com/viewnews/2014-10-04_HowareyoufeelingandwhatareyouthinkingAMandelmanMattersSurvey.html