Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-53717 Tue, 15 Apr 2014 17:44:54 GMT Tom Deutsch of the ASF on Eminent Domain & Loan Modifications -- A Mandelman Matters Podcast iehi-feed-53711 Tue, 15 Apr 2014 16:20:02 GMT Lending Drops to 17-Year Low as Rates Curb Borrowing: Mortgages iehi-feed-53672 Tue, 08 Apr 2014 12:34:38 GMT Apparently White House is PLEASED with HAMP and Housing? - Mandelman Matters iehi-feed-53670 Mon, 07 Apr 2014 23:10:28 GMT Zombie Mortgage Land! Lowest Mortgage Origination Volume on Record (And Average Loan in Foreclosure Now 2.6 Years Past Due) iehi-feed-53663 Sun, 06 Apr 2014 17:20:41 GMT Welcome to Feudalfornia: the golden sarcophagus and the investor The current sales volume is lower than what we saw in the early 1990s.  In fact, current sales are the lowest since the market imploded a few years ago.  What gives? The current trend was driven by low inventory, investor demand, and house lusting buyers.  As investors pull-back and affordability falls, it is natural to expect volume to naturally pickup as it has.  Yet California is largely becoming a renter state. 


[But now] the investor crowd is pulling back: "Prices have gotten to the stage where we cannot buy a house, renovate it, rent it and still make a reasonable return," said Peter Rose, a spokesman for Blackstone, which owns roughly 41,000 rental houses nationwide. "There was a moment in time where it made sense."

iehi-feed-53662 Sun, 06 Apr 2014 16:46:18 GMT Foreclosure Mill Attorney Goes Nuts After Judge Rules Against Him iehi-feed-53640 Thu, 03 Apr 2014 14:48:50 GMT Did Michigan Dems Just Slap Victims Of Illegal Foreclosures In The Face? iehi-feed-53622 Mon, 31 Mar 2014 02:55:46 GMT February Pending Home Sales Continue Slide iehi-feed-53617 Sun, 30 Mar 2014 14:36:10 GMT Where Is Dick Fuld Now? Finding Lehman Brothers' Last CEO iehi-feed-53610 Fri, 28 Mar 2014 20:51:49 GMT Goldman Sachs Must Face Lawsuit Over 2007 Mortgage Bonds iehi-feed-53584 Wed, 26 Mar 2014 14:37:57 GMT Is Credit Suisse Doing To Jamaicans What they Helped The Nazis Do In Europe? iehi-feed-53574 Mon, 24 Mar 2014 19:44:05 GMT THE FOURTEEN YEAR RECESSION iehi-feed-53569 Mon, 24 Mar 2014 02:31:56 GMT The Stunning History Of "All Cash" Home Purchases In The US iehi-feed-53565 Sat, 22 Mar 2014 16:33:46 GMT Convicted Mortgage Fraudster Lee Farkas Wants His Mommy iehi-feed-53563 Sat, 22 Mar 2014 00:56:38 GMT Credit Suisse to Pay $885 Million to Settle FHFA Lawsuits iehi-feed-53562 Fri, 21 Mar 2014 21:48:54 GMT (Real and fake) Reasons Why NOW is a GREAT Time to BUY a Home - Mandelman iehi-feed-53554 Fri, 21 Mar 2014 15:12:15 GMT Interesting Analysis Of The Fannie/Freddie Conservatorship iehi-feed-53551 Thu, 20 Mar 2014 22:10:52 GMT The Only CEO Prosecuted For The Mortgage Crisis Says He Feels Like A `Zombie' In Jail iehi-feed-53550 Thu, 20 Mar 2014 22:08:55 GMT Nationwide Home Sales Collapse: There Is No Recovery and This Chart Proves It Now may be the best time to buy a home. At least that's what the majority of real estate agents in America will tell you if you ask them how the housing market is doing.

They'll cite various statistics and give you a "feel" for the market from their personal experiences to convince you this is the case. But if you're paying attention, then it should be clear that there is, in fact, no recovery in the housing sector. And any gains we may have seen over the last few years are nothing short of a Federal Reserve fueled mirage, much like the stock market.

iehi-feed-53538 Thu, 20 Mar 2014 02:54:59 GMT ARMS Are All the Rage Again