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Ireland Jumps: Will Others Follow?
Ireland Jumps: Will Others Follow? In light of this, when previous measures with the dreaded Troika – the IMF, European Central Bank and the European Commission – run out in the coming month, Ireland will not seek any new line of credit from the strict family of German-dominated lenders

Fat Kid Wednesdays, Implosion Mondays: January 27th at the Icehouse
Michael Lewis is best known around town and well beyond as one of the most creative sax players in modern music, lending his blowing skills to the acclaimed Happy Apple as well as FKW. Noted Richard Brody in The New Yorker, “Lewis's dry, metallic tone 

The Mets May Need to Rely on Their Last Money Lender – The Fans
In December of 2008, Bernie Madoff was arrested for orchestrating perhaps the largest Ponzi scheme known on Wall Street, which in turn, triggered the financial implosion in Flushing. In Citi Field's first season of operation, the Mets incurred a $9

$700M rescue bid fuels fallout fears
How and what form its settlement could take are jolting a cultural and nonprofit community only just recovering from the twin whammies of the recession and automotive implosion. Will the price of the DIA's freedom if the destination remains unclear

Mortgage Lender - Implode O Meter Website - Mortgage Crash!

Mortgage Lender Implode O Meter Website: Everything inside the mortgage / lending collapse. Interesting website.

A Decade Unlike Any Other

. But as the industry now marks a full decade since the beginning of the Great Recession, what are some key takeaways and tangible, valuable lessons learned for lenders, borrowers, service providers, and others as we move forward?

One significant effect of the recession is many of the mortgage professionals working in 2008 are simply no longer part of the industry today, which isn’t surprising considering the sheer volume of mortgage businesses that was forced to shut down. The scale of this industry attrition was perhaps most clearly illustrated through the now infamous “Implode-o-Meter,” which documented the closing of more than 380 mortgage lenders between 2006 and 2012 on . In many ways, the industry experienced a massive “brain drain” over the past 10 years that it has yet to fully overcome.

To truly understand where the mortgage industry has been and where it’s headed, it’s important to understand what the environment was like before the collapse.

Risks Pile Up Quietly in the US Corporate Bond Market

The fear of becoming a “fallen angel.”

Companies whose credit rating is below “investment grade” can borrow in the capital markets in two ways: by issuing what is lovingly called junk bonds; and by issuing “leveraged loans.”

Leveraged loans are too risky for banks to keep on their books. Banks sell them, and they can be traded; or banks package them into Collateralized Loan Obligations (CLOs), and they’re traded as such. Being loans, they’re not considered securities, but they trade like securities. They’re the booming sisters of the languishing junk bonds.

According to Moody’s , this is what has been happening with junk bonds and leveraged loans:

Junk bond issuance in the US plunged 52% in May from a year ago, to just $21 billion. Year-to-date, issuance has plunged 20% to $162 billion. The amount outstanding reached $1.27 trillion. Leveraged loan issuance in May jumped 37% from a year ago