Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-55319 Thu, 30 Oct 2014 22:54:46 GMT 100,000+ Detroiters Could Be Homeless Due To Deadbeat Landlords http://implode-explode.com/viewnews/2014-10-30_100000DetroitersCouldBeHomelessDueToDeadbeatLandlords.html iehi-feed-55317 Thu, 30 Oct 2014 18:55:35 GMT NYDFS Says OCWEN Began Back Dating Docs In 2010 http://implode-explode.com/viewnews/2014-10-30_NYDFSSaysOCWENBeganBackDatingDocsIn2010.html iehi-feed-55312 Thu, 30 Oct 2014 00:36:48 GMT Detroit developer bids on 6,300 foreclosed properties in auction http://implode-explode.com/viewnews/2014-10-29_Detroitdeveloperbidson6300foreclosedpropertiesinauction.html iehi-feed-55310 Thu, 30 Oct 2014 00:32:32 GMT Alan Greenspan: QE Failed To Help The Economy (Which is "Dead in the Water"); P.S. - Buy Gold... http://implode-explode.com/viewnews/2014-10-29_AlanGreenspanQEFailedToHelpTheEconomyWhichisDeadintheWaterPSBuyG.html iehi-feed-55306 Wed, 29 Oct 2014 15:22:43 GMT Mortgage Purchase Applications Plunge To 19-Year Lows http://implode-explode.com/viewnews/2014-10-29_MortgagePurchaseApplicationsPlungeTo19YearLows.html iehi-feed-55296 Tue, 28 Oct 2014 20:52:35 GMT Are Deutsche Bank & OCWEN Trying To Steal The Home Of A Military Veteran With Cancer? http://implode-explode.com/viewnews/2014-10-28_AreDeutscheBankOCWENTryingToStealTheHomeOfAMilitaryVeteranWithCa.html iehi-feed-55294 Tue, 28 Oct 2014 19:50:40 GMT It Shouldn't Hurt This Much to Get a Mortgage - Barry Ritholtz http://implode-explode.com/viewnews/2014-10-28_ItShouldntHurtThisMuchtoGetaMortgageBarryRitholtz.html iehi-feed-55292 Tue, 28 Oct 2014 19:49:11 GMT Home Prices in U.S. Show Slower Year-to-Year Increase in August http://implode-explode.com/viewnews/2014-10-28_HomePricesinUSShowSlowerYeartoYearIncreaseinAugust.html iehi-feed-55288 Sat, 25 Oct 2014 14:08:01 GMT One-Fifth of Detroit's Population Could Lose Their Homes http://implode-explode.com/viewnews/2014-10-25_OneFifthofDetroitsPopulationCouldLoseTheirHomes.html iehi-feed-55285 Fri, 24 Oct 2014 19:57:22 GMT Nevermind: New-Home Sales Staying Sluggish, As Stats Revised http://implode-explode.com/viewnews/2014-10-24_NevermindNewHomeSalesStayingSluggishAsStatsRevised.html iehi-feed-55280 Thu, 23 Oct 2014 20:34:22 GMT SAY WATT? Fannie & Freddie Encourages Sub-Prime Lending | Mandelman Matters http://implode-explode.com/viewnews/2014-10-23_SAYWATTFannieFreddieEncouragesSubPrimeLendingMandelmanMatters.html iehi-feed-55279 Thu, 23 Oct 2014 19:51:24 GMT It will soon get easier to buy a home -- but don't do it http://implode-explode.com/viewnews/2014-10-23_Itwillsoongeteasiertobuyahomebutdontdoit.html iehi-feed-55269 Wed, 22 Oct 2014 15:45:42 GMT Top mortgage servicing firm accused of foreclosure abuses http://implode-explode.com/viewnews/2014-10-22_Topmortgageservicingfirmaccusedofforeclosureabuses.html iehi-feed-55264 Wed, 22 Oct 2014 15:33:40 GMT New rules adopted in hopes of spurring home loans (but not for another year) http://implode-explode.com/viewnews/2014-10-22_Newrulesadoptedinhopesofspurringhomeloansbutnotforanotheryear.html iehi-feed-55262 Tue, 21 Oct 2014 21:18:26 GMT US existing home sales up 2.4 per cent in Sept. to fastest rate in 2014; still lags 2013 pace http://implode-explode.com/viewnews/2014-10-21_USexistinghomesalesup24percentinSepttofastestratein2014stilllags.html 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