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Mortgage Implode-O-Suit

Annelena Lobb checks in with this dispatch on a legal fight that has broken out around a popular subprime-related Web site: When Aaron Krowne created the Mortgage Lender Implode-o-Meter, a Web site th... read more

The Coming Global Financial Crisis: Debt Exhaustion

via liar loans and designed-to-implode mortgage-backed securities. The central bank "solution" to institutionalized, commoditized fraud was to lower interest rates to zero and enable tens of ... read more

Site tracks mortgage lenders’ implosions

Every major event needs a witness or historian, and the meltdown of the mortgage industry is no exception. Implode-O-Meter has been keeping a scorecard of all the mortgage lenders that have run into t... read more

What caused the mortgage meltdown?

Of the roughly 300 failed institutions listed on the Mortgage Lender Implode-O-Meter site, the vast majority were not chartered banks. Because they weren’t deposit-taking banks, they didn’t have to ab... read more

ML Implode? How about Reverse Mortgage Lenders Vanish

Over the past 3 weeks we have seen the exit of at least 2 large wholesale players in the Reverse Mortgage market. Both have quietly packed up shop… No press releases and no major announcements about t... read more

New Hampshire Supreme Court Upholds Free Speech Rights for Online News Sites

The New Hampshire Supreme Court today issued an important decision upholding the ... Law Project and the Reporters Committee for Freedom of the Press in the case, The Mortgage Specialists, Inc. v. Imp... read more

Housing Finance Reform Possibilities Abound for 2019

America’s largest government-sponsored enterprises (GSEs)—mortgage securitizers Fannie Mae and Freddie Mac—began to implode in 2007, triggering a major recession and financial crisis in the United Sta... read more

'Who are you going to believe, me or your lying data?'

The New York Federal Reserve earlier this week published a table of mortgage originations by credit ... to show huge increases and many expected to implode. The chart shows the distribution ... read more

Mortgage binge has left us doozy of a hangover

According to the Implode-O-Meter, 136 major U.S. lenders have gone under ... As soon as you closed on your home mortgage, the lender most likely sold it to something called a secondary investor. Tradi... read more

A compendium of mortgage bank failures

The Mortgage Lender Implode-o-Meter has a useful list of companies that have gone belly up in the subprime mortgage crisis that appears to be more the trigger than the overall cause of the current fin... read more

We're Overdue For A Sell-Everything/No-Fed-Rescue Recession

fraudulent mortgage-backed securities, etc.) plus low interest rates and abundant Fed liquidity created a bubble that was guaranteed to implode with devastating consequences. No longer content ... read more

FDIC Takes Charge of IndyMac?

Update* – It’s official… click here. I’ll be honest, I’m getting tired of writing about Indymac but this one could be big… Mortgage Lender Implode is reporting that a verbal announcement of “The FDIC ... read more