Implode-Explode Heavy Industries news feed

Welcome to the Everything Boom, or Maybe the Everything Bubble

Wed, 09 Jul 2014 14:17:25 GMT

Welcome to the Everything Boom -- and, quite possibly, the Everything Bubble. Around the world, nearly every asset class is expensive by historical standards. Stocks and bonds; emerging markets and advanced economies; urban office towers and Iowa farmland; you name it, and it is trading at prices that are high by historical standards relative to fundamentals. The inverse of that is relatively low returns for investors.
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Prefer a more solid asset? The price of office and apartment building has risen similarly; office space in central business districts nationwide costs $300 per square foot on average, up from $147 in early 2010, according to Real Capital Analytics. In Manhattan, an investor in an office building can expect rent payments after expenses to add up to only a 4.4 percent return, known as the capitalization rate, lower than even in 2007, the top of the last boom.

I Don't Hang Up On Bill Collectors, They Hang Up On Me!

Sun, 16 Sep 2012 19:34:40 GMT

MFI-Miami has found six different ways to give you the psychological edge over pesky bill collectors who like to call you about debts they can't legally collect on.

Is Wells Fargo Run By The Catty Ladies From TV's Dynasty?

Fri, 14 Sep 2012 17:16:18 GMT

It appears that Alexis, Krystle and rest of those crazy women who entertained us back in the 1980s with their cattiness and their cat fights seem to have become the model of behavior for executives at Wells Fargo.

Dead Homeowners Are Like Dead Interns, They Haunt Politicians On Election Day

Wed, 12 Sep 2012 18:13:00 GMT

Wayne County Treasurer Ray Wojtowicz is auctioning off the home of unemployed single mother of two, Kelly Parker who is dying of cancer. Parker is planning on being defiant until the very end. Last night she said, "This is our house and we're not leaving. I mean, good luck because you're not going to get it,"

FDIC Sues Banks and Depositors Over MBS Fraud

Tue, 11 Sep 2012 19:12:34 GMT

``On August 17th, the FDIC as receiver for Guaranty Bank out of Texas brought suit against Ally Securities, Bank of America, Bear Stearns Companies, Countrywide Financial Corp., Countrywide Securities, CWALT, Deutsche Bank Securities, Goldman Sachs, JPMorgan Securities, Merrill Lynch, Royal Bank of Scotland, Structured Asset Mortgage Investment II, Inc, WaMu Asset Acceptance and WaMu Capital Corporation for misleading Guaranty Bank into buying toxic mortgage backed securities that lead to it's collapse in 2009. The three lawsuits make for an interesting read so grab your coffee.''

Did Romney Finance Chair Advise Clients To Steal Money From School Children?

Tue, 11 Sep 2012 04:50:24 GMT

Romney Michigan Finance Chair David Trott's law firm along with Orlans Associates major GOP contributor has been named as a co-defendant in a tax fraud case for cheating Michigan taxpayers out nearly $1.2 Billion since 1999.

MFI-Miami Client Spanks Linda Orlans, Scores Free House From Fannie Mae

Mon, 10 Sep 2012 00:48:13 GMT

Robin Roberts gets to stay in her home after a judge ruled that Fannie Mae's attorneys, Orlans Associates were trying to illegally evict her. The judge also ruled Fannie Mae has to pay her legal fees.

Orleans Homebuilders

Wed, 03 Mar 2010 06:42:22 GMT

``In a sign that the distress in the housing market and the economy is far from over, Bensalem, Pennsylvania-based Orleans builders has filed for chapter 11 bankruptcy protection. They list $440 million in assets and liabilities of $498.8 million, including, interestingly, $93 million owed to collateralized debt obligations (CDOs).''

Barratt files for Chapter 11 reorganization

Sat, 27 Dec 2008 17:38:59 GMT

It's official, Barratt has filed for Chapter 11. See our updated implosion listing for Barratt American here.

Kimball Hill to shut its doors

Wed, 03 Dec 2008 03:51:53 GMT

They had declared Chapter 11 back in April, but word is that Kimball Hill is now just trying to liquidate their assets rather than reorganize and emerge from bankruptcy.

A once mighty company builds court debt

Sun, 09 Nov 2008 15:30:46 GMT

"Upcoming court hearings could determine whether lenders get the deeds to what is left of the 345-acre Michael's Landing planned community, a project named after the late Michael Myers, Regency's co-founder."

SunCal Companies added to Ailing / Watch List

Sat, 08 Nov 2008 13:38:06 GMT

We have initiated coverage on SunCal Companies, a large land development company, on the heels of bankruptcy filings by seven of their companies/projects. Check the listing here!

Woodside Homes Insolvent, BK Real

Thu, 28 Aug 2008 04:13:00 GMT

Court filings that have come to light in the last 24 hours have led us to re-affirm our "implode" listing for major homebuilder Woodside. See key excerpts at our entry on Woodside.

Pasquinelli Homes: Ailing Coverage Initiated

Thu, 28 Aug 2008 00:23:26 GMT

We've been hearing word that this Top 25 builder is being foreclosed on all over the place, and have received public confirmation of one instance. Ailing coverage initiated.