Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-57090 Tue, 30 Jun 2015 13:31:53 GMT U.S. Pending Home Sales at Highest Level in Nine Years NAR reported a sharp pickup in existing home sales following a dip in April. Sales of existing homes soared 5.1% in May to a seasonally adjusted rate of 5.35 million, the highest level since November 2009, a time when government incentives in the wake of the recession boosted the real-estate market. This year's sales have exceeded last year's for eight straight months and stand at 9.2% above last year..

But existing home sales, which account for about 90% of the market, are still well below their prerecession peak, when they routinely exceeded 6 million and even topped 7 million for part of 2005.

This may be a blow-off peak before the Fed-induced liquidity bubble pops...

iehi-feed-57078 Sun, 28 Jun 2015 19:29:10 GMT Seven Indicted For Mortgage Fraud Conspiracy iehi-feed-57070 Sat, 27 Jun 2015 15:05:30 GMT JPMorgan Chase Quits 5 1/2 Year Foreclosure Battle 90 Minutes Before Trial To Avoid Castration By The Court iehi-feed-57057 Thu, 25 Jun 2015 19:56:58 GMT U.S. Supreme Court Upholds Fair Housing Act iehi-feed-57056 Thu, 25 Jun 2015 18:38:24 GMT Regulators: Wells Fargo, Chase, U.S. Bank still fail mortgage service tests iehi-feed-57037 Wed, 24 Jun 2015 14:59:06 GMT Hillary wants prosperity, Fonda joins Greenpeace, Yellen Says Crisis "Set to Fade," and other annoying nonsense | Mandelman Matters iehi-feed-57033 Tue, 23 Jun 2015 18:31:23 GMT Home Sales Surge as Prices Pick Up (HIGH-END OF MARKET BREAKS OUT THE CHAMPAGNE!!) iehi-feed-57023 Mon, 22 Jun 2015 13:42:35 GMT Australian housing market facing 'bloodbath' collapse: economists iehi-feed-57017 Sat, 20 Jun 2015 17:34:01 GMT Quicken Loans Busted For Deceptive Practices Again! iehi-feed-57013 Sat, 20 Jun 2015 14:08:27 GMT Mandelman's Best Home Buying Advice for 2015 and Beyond iehi-feed-57005 Thu, 18 Jun 2015 18:45:04 GMT How rising debt causes inequality and crisis - Steve Keen iehi-feed-56999 Thu, 18 Jun 2015 14:26:08 GMT OCC Clamps Down on 6 Banks for Noncompliance with 2011 Consent Orders | Mandelman Matters iehi-feed-56998 Thu, 18 Jun 2015 14:21:22 GMT More Consumers Confused by Role of CFPB than Reverse Mortgage Ads | Mandelman Matters iehi-feed-56987 Tue, 16 Jun 2015 20:59:19 GMT Foreign investors pose threat to residential real estate iehi-feed-56959 Sun, 14 Jun 2015 13:47:45 GMT Spain: Leftist Mayors for Madrid, Barcelona in Historic Turn Madrid and Barcelona pulled off one of Spain's most significant political upheavals in recent memory Saturday, swearing in far-left mayors who stridently oppose the country's governing party and want to replace it in national elections later this year. The new radical leaders have promised to cut their own salaries, halt homeowner evictions and eliminate perks enjoyed by the rich and famous.

The landmark changes came three weeks after Spain's two largest traditional parties were punished in nationwide local elections by voters groaning under the weight of austerity measures and repulsed by a string of corruption scandals.''

iehi-feed-56954 Sat, 13 Jun 2015 21:30:29 GMT FHA Finally Deals With Spousal Issues In Reverse Mortgages iehi-feed-56943 Fri, 12 Jun 2015 13:31:07 GMT Underwater Homeowners Down To a Third of Peak, But Remaining "Stuck" At Low End iehi-feed-56925 Wed, 10 Jun 2015 20:25:51 GMT Foreclosures are UP and Back in the Headlines Again | Mandelman Matters iehi-feed-56918 Tue, 09 Jun 2015 17:52:27 GMT Tactics Of Sleazy Bill Collectors iehi-feed-56899 Sat, 06 Jun 2015 19:07:34 GMT Mortgage Fraud Schemes Lands Woman In Prison