Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-56215 Wed, 04 Mar 2015 17:43:52 GMT Mortgage Lenders Cause Another Homeowner Death http://implode-explode.com/viewnews/2015-03-04_MortgageLendersCauseAnotherHomeownerDeath.html iehi-feed-56204 Mon, 02 Mar 2015 19:00:32 GMT MFI-Miami Calls On The FDIC To Fast Track Investigations Of Sterling National Bank http://implode-explode.com/viewnews/2015-03-02_MFIMiamiCallsOnTheFDICToFastTrackInvestigationsOfSterlingNationa.html iehi-feed-56180 Fri, 27 Feb 2015 16:18:47 GMT China's Real Estate Bust Worse Than It Seems http://implode-explode.com/viewnews/2015-02-27_ChinasRealEstateBustWorseThanItSeems.html A record decline in new-home prices in January has, as my Bloomberg News colleagues reported this week, prompted Chinese officials to contemplate additional stimulus measures, including reducing the required down payments on second homes and eliminating sales tax after only two years of ownership instead of five.

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"This is a supply-side correction in property," Yao writes in a new report. "While housing sales will likely improve this year, construction and all the industrial activity that depends on it will not. Therefore an upturn in housing sales will not deliver as much of a boost to growth."

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iehi-feed-56169 Thu, 26 Feb 2015 02:26:09 GMT Morgan Stanley to pay $2.6 billion to settle mortgage-bond claims http://implode-explode.com/viewnews/2015-02-25_MorganStanleytopay26billiontosettlemortgagebondclaims.html iehi-feed-56150 Tue, 24 Feb 2015 17:23:42 GMT Quicken Loans Chairman "Dapper Dan" Gilbert's Voyeurism Fetish In Detroit http://implode-explode.com/viewnews/2015-02-24_QuickenLoansChairmanDapperDanGilbertsVoyeurismFetishInDetroit.html iehi-feed-56147 Mon, 23 Feb 2015 20:36:44 GMT Sales of U.S. existing homes decrease to nine-month low http://implode-explode.com/viewnews/2015-02-23_SalesofUSexistinghomesdecreasetoninemonthlow.html Purchases slowed 4.9 percent to a 4.82 million annualized rate, the least since April, after a 5.07 million pace that was higher than previously estimated, figures from the National Association of Realtors showed Monday in Washington. The median forecast of 74 economists in a Bloomberg survey called for a fall to 4.95 million.

The number of houses on the market dropped in January for a second straight month compared with last year and price increases were broad-based, making it difficult for first-time and younger buyers to get into the market. Gains in employment and historically low mortgage rates will probably sustain demand, while rising household formation and a shortage in rental supply should also provide a boost this year over last.

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iehi-feed-56139 Mon, 23 Feb 2015 15:56:19 GMT The People Want Tiny Houses. Zoning Boards, Not So Much http://implode-explode.com/viewnews/2015-02-23_ThePeopleWantTinyHousesZoningBoardsNotSoMuch.html iehi-feed-56118 Fri, 20 Feb 2015 15:44:38 GMT Is Attorney John M. Schwarz Trying To Flee New York W/ Client Cash? http://implode-explode.com/viewnews/2015-02-20_IsAttorneyJohnMSchwarzTryingToFleeNewYorkWClientCash.html iehi-feed-56107 Thu, 19 Feb 2015 16:43:49 GMT The Foreclosure Crisis is Behind Us? Where?  Who says? | Mandelman Matters http://implode-explode.com/viewnews/2015-02-19_TheForeclosureCrisisisBehindUsWhereWhosaysMandelmanMatters.html iehi-feed-56087 Mon, 16 Feb 2015 15:36:12 GMT Did "Dapper Dan" Gilbert & Quicken Loans Contribute To Detroit's Blight? http://implode-explode.com/viewnews/2015-02-16_DidDapperDanGilbertQuickenLoansContributeToDetroitsBlight.html iehi-feed-56073 Fri, 13 Feb 2015 22:13:58 GMT US Foreclosure Activity Rises 5 Percent in January http://implode-explode.com/viewnews/2015-02-13_USForeclosureActivityRises5PercentinJanuary.html iehi-feed-56052 Tue, 10 Feb 2015 14:12:02 GMT Renters Are Majority in Big U.S. Cities http://implode-explode.com/viewnews/2015-02-10_RentersAreMajorityinBigUSCities.html iehi-feed-56041 Mon, 09 Feb 2015 14:41:41 GMT Study This Book If You Want To Be Successful At Fighting Foreclosures http://implode-explode.com/viewnews/2015-02-09_StudyThisBookIfYouWantToBeSuccessfulAtFightingForeclosures.html iehi-feed-55967 Wed, 28 Jan 2015 15:54:25 GMT Seven Consecutive Downward Revisions To New Home Sales Data Place Serious Doubts On Report Accuracy http://implode-explode.com/viewnews/2015-01-28_SevenConsecutiveDownwardRevisionsToNewHomeSalesDataPlaceSeriousD.html iehi-feed-55957 Tue, 27 Jan 2015 15:16:17 GMT Gary Shilling: Nothing Is Going to Save the Housing Market http://implode-explode.com/viewnews/2015-01-27_GaryShillingNothingIsGoingtoSavetheHousingMarket.html iehi-feed-55956 Mon, 26 Jan 2015 21:06:29 GMT California Settles With OCWEN For A Meager $2.5 Million http://implode-explode.com/viewnews/2015-01-26_CaliforniaSettlesWithOCWENForAMeager25Million.html iehi-feed-55939 Thu, 22 Jan 2015 21:28:35 GMT Wells Fargo, JPMorgan slapped for title kickback scheme http://implode-explode.com/viewnews/2015-01-22_WellsFargoJPMorganslappedfortitlekickbackscheme.html iehi-feed-55936 Thu, 22 Jan 2015 19:19:56 GMT Serbian central bank to discuss franc loan pain with bankers, borrowers http://implode-explode.com/viewnews/2015-01-22_Serbiancentralbanktodiscussfrancloanpainwithbankersborrowers.html iehi-feed-55923 Wed, 21 Jan 2015 21:01:19 GMT S.&.P. to Pay Nearly $80 Million in Settlements; Face 1-Year Ban http://implode-explode.com/viewnews/2015-01-21_SPtoPayNearly80MillioninSettlementsFace1YearBan.html ``Standard & Poor's, the credit rating agency blamed with helping inflate the subprime mortgage bubble, has now settled accusations that it orchestrated a similar fraud years after the bubble burst.

S.&P. has agreed to settle an array of government investigations stemming from 2011, paying nearly $80 million and admitting to some of its misdeeds, federal and state authorities announced on Wednesday. As part of the deals, reached with the Securities and Exchange Commission and the attorneys general in New York and Massachusetts, S.&P. also agreed to take a one-year "timeout" from rating certain commercial mortgage investments at the heart of the case, an embarrassing blow to the rating agency.

... the Justice Department and several state attorneys general did [also] take action, suing S.&P. in connection with the crisis. After fighting that case for two years, S.&P. has now reached a tentative settlement that would require it to pay $1.37 billion, people briefed on the matter said this week, a penalty large enough to wipe out its operating profit for a year.

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iehi-feed-55920 Wed, 21 Jan 2015 18:51:47 GMT 4 Bankers Get Slapped By A Woman In Massachusetts http://implode-explode.com/viewnews/2015-01-21_4BankersGetSlappedByAWomanInMassachusetts.html