Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-57954 Fri, 09 Oct 2015 01:35:23 GMT Why This Feels Like a Depression To Most People iehi-feed-57953 Fri, 09 Oct 2015 01:24:36 GMT Long Island Loan Modification Scam Busted By Feds iehi-feed-57922 Tue, 06 Oct 2015 14:44:05 GMT It's expensive to be poor | The Economist iehi-feed-57914 Mon, 05 Oct 2015 16:51:40 GMT Is Lying On Mortgage Loan Applications Worth 30 Years In Prison? iehi-feed-57905 Mon, 05 Oct 2015 02:43:53 GMT For Violating SCRA, Banks To Pay $311M To 2,413 Servicemembers iehi-feed-57904 Sun, 04 Oct 2015 23:40:24 GMT Foreclosure Mill Gilbert Garcia Group Threatens Osceola County Over Krieger Report iehi-feed-57890 Fri, 02 Oct 2015 14:00:51 GMT Mistress Isis Talks About How She Whips Bankers Into Submission iehi-feed-57865 Wed, 30 Sep 2015 14:44:41 GMT FHA Loans Are Government Backed Sub-Prime Loans iehi-feed-57861 Wed, 30 Sep 2015 13:53:26 GMT The Ted Visner Crazy Train Continues On Its Express Service To Bizarro Land iehi-feed-57826 Fri, 25 Sep 2015 14:26:54 GMT Existing Homes Sales Record Biggest August Drop-EVER But Prices Keep Inflating - The Wall Street Examiner This was the worst August drop since the data began being reported in 1999. This was on the heels of the second worst July month to month performance since the housing crash.

... The fact that sales are slowing from bubble levels could be an early warning that the current version of the housing bubble is peaking. As house prices inflate and household incomes stagnate, affordability issues are beginning to have an impact in many markets. The market can ill afford any increase in mortgage rates.

... In housing, volume precedes price. At the top of the housing bubble, sales volume peaked in 2005. As demand dried up and sales volume began to tank, prices peaked in most markets in 2006. The price crash began in 2007 as demand continued to fall.

iehi-feed-57824 Thu, 24 Sep 2015 22:16:38 GMT Are FHA Loans "Government Backed" Subprime Loans? iehi-feed-57823 Thu, 24 Sep 2015 20:55:16 GMT Hudson City Savings Bank Settles Lending Discrimination Suit iehi-feed-57811 Tue, 22 Sep 2015 22:53:11 GMT Wells Fargo Faces Another Ghetto Loans Lawsuit iehi-feed-57810 Tue, 22 Sep 2015 19:15:28 GMT Detroit Real Estate Scam Operator Extradited from Spain iehi-feed-57809 Tue, 22 Sep 2015 15:38:31 GMT Clerk Indicted For Filing Back-Dated Deed For Cash iehi-feed-57802 Mon, 21 Sep 2015 22:56:05 GMT Michigan Porn Lawyer Accused Of Using "Straw Buyers" On Construction Loans iehi-feed-57791 Sun, 20 Sep 2015 16:57:30 GMT Foreclosure Litigation: Is There An Alternative? iehi-feed-57768 Thu, 17 Sep 2015 16:03:07 GMT Are Ocwen Executives Playing Limbo Party With Company Stock? iehi-feed-57761 Thu, 17 Sep 2015 03:32:50 GMT Deposed Foreclosure King Puts $32M House On The Market iehi-feed-57758 Wed, 16 Sep 2015 19:53:56 GMT Detroit Lawyer Pleads Guilty In Foreclosure Rescue Scam