Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-54803 Tue, 26 Aug 2014 12:49:49 GMT Goldman Sachs to pay US$3.15b to settle mortgage case http://implode-explode.com/viewnews/2014-08-26_GoldmanSachstopayUS315btosettlemortgagecase.html Goldman Sachs will pay US$3.15 billion (S$3.94 billion) to resolve claims it misled Fannie Mae and Freddie Mac on mortgage-linked securities it sold them before the US housing bust, officials said.

The Federal Housing Finance Agency (FHFA), the conservator for Fannie and Freddie, which were rescued by the government during the 2008 crisis, said that Goldman will repurchase the securities it sold to the two effectively government-backed mortgage giants between 2005 and 2007.

Goldman said the agreement will resolve "all" federal and state securities claims for mortgage-backed securities purchased by Freddie and Fannie over the period.

]]>
iehi-feed-54774 Fri, 22 Aug 2014 14:44:17 GMT The Schizophrenic US Housing Market In One Chart http://implode-explode.com/viewnews/2014-08-22_TheSchizophrenicUSHousingMarketInOneChart.html iehi-feed-54742 Tue, 19 Aug 2014 15:21:18 GMT More Money Down Adds to U.S. First-Time Buyer Blues http://implode-explode.com/viewnews/2014-08-19_MoreMoneyDownAddstoUSFirstTimeBuyerBlues.html iehi-feed-54741 Tue, 19 Aug 2014 15:08:32 GMT Good News For The Housing Market? Home Depot Raises Full-Year Forecast http://implode-explode.com/viewnews/2014-08-19_GoodNewsForTheHousingMarketHomeDepotRaisesFullYearForecast.html iehi-feed-54740 Tue, 19 Aug 2014 15:05:55 GMT "Construction Boom?" Housing Starts, Permits Soar in July http://implode-explode.com/viewnews/2014-08-19_ConstructionBoomHousingStartsPermitsSoarinJuly.html iehi-feed-54602 Wed, 06 Aug 2014 14:39:51 GMT I Don't Care What the Media Says, Housing Market is Horrible, and Homeowners Still Suffering through the Loan Mod Process - Mandelman Matters http://implode-explode.com/viewnews/2014-08-06_IDontCareWhattheMediaSaysHousingMarketisHorribleandHomeownersSti.html iehi-feed-54573 Sun, 03 Aug 2014 12:35:54 GMT So you think you can flip? Proliferation of house flipping and rehab shows highlight amnesia http://implode-explode.com/viewnews/2014-08-03_SoyouthinkyoucanflipProliferationofhouseflippingandrehabshowshig.html iehi-feed-54549 Thu, 31 Jul 2014 17:22:35 GMT Bank of America ordered to pay $1.27 billion for 'Hustle' fraud http://implode-explode.com/viewnews/2014-07-31_BankofAmericaorderedtopay127billionforHustlefraud.html iehi-feed-54535 Wed, 30 Jul 2014 14:06:16 GMT U.S. homeownership at 18-year low in second quarter http://implode-explode.com/viewnews/2014-07-30_UShomeownershipat18yearlowinsecondquarter.html iehi-feed-54505 Sun, 27 Jul 2014 23:18:07 GMT Generational Shift: The Daughter of Mortgage Bankers Association President David Stevens Doesn't Want a Mortgage http://implode-explode.com/viewnews/2014-07-27_GenerationalShiftTheDaughterofMortgageBankersAssociationPresiden.html iehi-feed-54472 Thu, 24 Jul 2014 15:41:54 GMT New home sales tumble 8.1% in June http://implode-explode.com/viewnews/2014-07-24_Newhomesalestumble81inJune.html iehi-feed-54449 Tue, 22 Jul 2014 14:40:12 GMT Existing-home sales rise 2.6% in June http://implode-explode.com/viewnews/2014-07-22_Existinghomesalesrise26inJune.html iehi-feed-54433 Mon, 21 Jul 2014 13:13:09 GMT The inflection point has arrived in Southern California real estate http://implode-explode.com/viewnews/2014-07-21_TheinflectionpointhasarrivedinSouthernCaliforniarealestate.html iehi-feed-54356 Sat, 12 Jul 2014 20:02:30 GMT Crisis in Atlantic City: Trump Casino pulling out http://implode-explode.com/viewnews/2014-07-12_CrisisinAtlanticCityTrumpCasinopullingout.html iehi-feed-54344 Fri, 11 Jul 2014 20:27:19 GMT Realtors and FAA in Battle Over... Drones http://implode-explode.com/viewnews/2014-07-11_RealtorsandFAAinBattleOverDrones.html iehi-feed-54318 Wed, 09 Jul 2014 19:10:29 GMT China buys $22bn worth of US homes, leads global pack, As Foreigners Take 7% of US Market http://implode-explode.com/viewnews/2014-07-09_Chinabuys22bnworthofUShomesleadsglobalpackAsForeignersTake7ofUSM.html iehi-feed-54315 Wed, 09 Jul 2014 14:17:25 GMT Welcome to the Everything Boom, or Maybe the Everything Bubble http://implode-explode.com/viewnews/2014-07-09_WelcometotheEverythingBoomorMaybetheEverythingBubble.html Welcome to the Everything Boom -- and, quite possibly, the Everything Bubble. Around the world, nearly every asset class is expensive by historical standards. Stocks and bonds; emerging markets and advanced economies; urban office towers and Iowa farmland; you name it, and it is trading at prices that are high by historical standards relative to fundamentals. The inverse of that is relatively low returns for investors.

...

Prefer a more solid asset? The price of office and apartment building has risen similarly; office space in central business districts nationwide costs $300 per square foot on average, up from $147 in early 2010, according to Real Capital Analytics. In Manhattan, an investor in an office building can expect rent payments after expenses to add up to only a 4.4 percent return, known as the capitalization rate, lower than even in 2007, the top of the last boom.

]]>
iehi-feed-54288 Sun, 06 Jul 2014 15:22:51 GMT Downsizing: Why the Market for Heirloom and Secondhand Furniture Has Disappeared http://implode-explode.com/viewnews/2014-07-06_DownsizingWhytheMarketforHeirloomandSecondhandFurnitureHasDisapp.html iehi-feed-54233 Mon, 30 Jun 2014 16:30:38 GMT Pending Home Sales Soar 6.1%; But Still Down Y-O-Y http://implode-explode.com/viewnews/2014-06-30_PendingHomeSalesSoar61ButStillDownYOY.html iehi-feed-54230 Mon, 30 Jun 2014 14:11:50 GMT UBS: The Secret Reason The Fed Is ‘Tolerating' Bubbles http://implode-explode.com/viewnews/2014-06-30_UBSTheSecretReasonTheFedIsToleratingBubbles.html