Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-54549 Thu, 31 Jul 2014 17:22:35 GMT Bank of America ordered to pay $1.27 billion for 'Hustle' fraud iehi-feed-54535 Wed, 30 Jul 2014 14:06:16 GMT U.S. homeownership at 18-year low in second quarter iehi-feed-54526 Wed, 30 Jul 2014 04:25:24 GMT The 2 Attorneys that Won $16 million Jury Verdict Against PHH Mortgage for Loan-Mod Mistreatment -- A Mandelman Matters Podcast iehi-feed-54511 Mon, 28 Jul 2014 14:28:45 GMT Pending Home Sales Unexpectedly Fall iehi-feed-54505 Sun, 27 Jul 2014 23:18:07 GMT Generational Shift: The Daughter of Mortgage Bankers Association President David Stevens Doesn't Want a Mortgage iehi-feed-54472 Thu, 24 Jul 2014 15:41:54 GMT New home sales tumble 8.1% in June iehi-feed-54458 Wed, 23 Jul 2014 16:24:07 GMT Homeowners with loan mods now face rate increases iehi-feed-54449 Tue, 22 Jul 2014 14:40:12 GMT Existing-home sales rise 2.6% in June iehi-feed-54433 Mon, 21 Jul 2014 13:13:09 GMT The inflection point has arrived in Southern California real estate iehi-feed-54421 Sat, 19 Jul 2014 19:37:15 GMT David Trott's Dirty Business Secret He Doesn't Want You To Know iehi-feed-54398 Thu, 17 Jul 2014 15:19:58 GMT Bank of America takes $4 billion litigation hit; Settles With AIG iehi-feed-54394 Wed, 16 Jul 2014 19:21:54 GMT BofA Said to Reiterate $13 Billion Offer in U.S. Talks iehi-feed-54388 Wed, 16 Jul 2014 01:37:38 GMT JPMorgan pulls back from mortgage lending on foreclosure worries JPMorgan Chase & Co, the second-largest U.S. mortgage lender, is backing away from making home loans to less creditworthy borrowers after losing faith in its ability to recover much money from foreclosing on homes, even with government guarantees... "The cost to take a customer through the foreclosure process is just astronomical now," Kevin Watters, chief executive of JPMorgan Chase's residential mortgage banking business in New York, told Reuters in an interview.

If other lenders choose the same path as JPMorgan, it could become more difficult for people to secure financing to buy homes, even though government programs are intended to help credit flow to these borrowers, said Christopher Mayer, a professor of real estate finance at Columbia University.

iehi-feed-54374 Tue, 15 Jul 2014 13:14:05 GMT Pee-Wee Trott's Gilded Play House iehi-feed-54370 Mon, 14 Jul 2014 20:06:13 GMT CNBC Promotes Video Of Host Rick Santelli Having Nonsensical And Idiotic Rant iehi-feed-54369 Mon, 14 Jul 2014 18:41:29 GMT What Hardcore Pornography Can Teach Us About Asset Bubbles iehi-feed-54362 Mon, 14 Jul 2014 14:33:53 GMT Citi: Where A $7 Billion Fine Makes Your Shares Go Up 4% iehi-feed-54361 Mon, 14 Jul 2014 14:22:37 GMT Citi to pay $7 billion in Justice settlement iehi-feed-54359 Mon, 14 Jul 2014 13:33:04 GMT BofA's Skirting Of The National Mortgage Settlement Creates Nightmare For Couple iehi-feed-54344 Fri, 11 Jul 2014 20:27:19 GMT Realtors and FAA in Battle Over... Drones