Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us 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-55231 Thu, 16 Oct 2014 15:52:32 GMT For Bank Of America, Crime Is Now An Ordinary Course Of Business http://implode-explode.com/viewnews/2014-10-16_ForBankOfAmericaCrimeIsNowAnOrdinaryCourseOfBusiness.html iehi-feed-55224 Wed, 15 Oct 2014 18:55:24 GMT Americans face post-foreclosure hell as wages garnished, assets seized http://implode-explode.com/viewnews/2014-10-15_Americansfacepostforeclosurehellaswagesgarnishedassetsseized.html Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing their wages and seizing their assets.

... The two big government-controlled housing finance companies, Fannie Mae and Freddie Mac, as well as other mortgage players, are increasingly pressing borrowers to pay whatever they still owe on mortgages they defaulted on years ago.

Using a legal tool known as a "deficiency judgment," lenders can ensure that borrowers are haunted by these zombie-like debts for years, and sometimes decades, to come.

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iehi-feed-55221 Wed, 15 Oct 2014 15:43:25 GMT Bank of America Stock Slides Despite Smaller Than Expected Per-Share Loss http://implode-explode.com/viewnews/2014-10-15_BankofAmericaStockSlidesDespiteSmallerThanExpectedPerShareLoss.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-55173 Tue, 07 Oct 2014 19:39:55 GMT Lloyds Cutting Thousands of Jobs as CEO Pares Costs http://implode-explode.com/viewnews/2014-10-07_LloydsCuttingThousandsofJobsasCEOParesCosts.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-55164 Mon, 06 Oct 2014 16:00:12 GMT You Know It's a Tough Market When Bernanke Can't Refinance http://implode-explode.com/viewnews/2014-10-06_YouKnowItsaToughMarketWhenBernankeCantRefinance.html iehi-feed-55141 Fri, 03 Oct 2014 13:57:31 GMT Mark Hanson - [Past] Peak Housing http://implode-explode.com/viewnews/2014-10-03_MarkHansonPastPeakHousing.html iehi-feed-55139 Thu, 02 Oct 2014 11:52:12 GMT Fannie, Freddie Plunge After Court Ruling http://implode-explode.com/viewnews/2014-10-02_FannieFreddiePlungeAfterCourtRuling.html iehi-feed-55122 Tue, 30 Sep 2014 16:31:45 GMT Case-Shiller: Market Cooled Further in July (READ: RAPIDLY DECELERATING) http://implode-explode.com/viewnews/2014-09-30_CaseShillerMarketCooledFurtherinJulyREADRAPIDLYDECELERATING.html iehi-feed-55120 Tue, 30 Sep 2014 16:22:48 GMT Murdoch's News Corp. to buy parent of Realtor.com for $950 million (GREAT SYNERGY FOR REAL ESTATE PROPAGANDA!) http://implode-explode.com/viewnews/2014-09-30_MurdochsNewsCorptobuyparentofRealtorcomfor950millionGREATSYNERGY.html iehi-feed-55114 Mon, 29 Sep 2014 21:09:21 GMT Pending Sales of U.S. Existing Homes Fell 1% in August http://implode-explode.com/viewnews/2014-09-29_PendingSalesofUSExistingHomesFell1inAugust.html iehi-feed-55104 Sun, 28 Sep 2014 19:48:50 GMT Four Men Who Are Turning The NY Village Of Goshen Into The Next Detroit http://implode-explode.com/viewnews/2014-09-28_FourMenWhoAreTurningTheNYVillageOfGoshenIntoTheNextDetroit.html iehi-feed-55069 Wed, 24 Sep 2014 18:40:09 GMT U.S. new home sales at six-year high, but outlook challenging http://implode-explode.com/viewnews/2014-09-24_USnewhomesalesatsixyearhighbutoutlookchallenging.html iehi-feed-55063 Wed, 24 Sep 2014 15:19:00 GMT Mortgage Originations Down By 60-70%.....But Everything Is OK! http://implode-explode.com/viewnews/2014-09-24_MortgageOriginationsDownBy6070ButEverythingIsOK.html