“Mortgage fraud caused the collapse of the America housing market.

Mortgage fraud caused the collapse of the financial markets and the insurance markets, and threatened the global economy.

Mortgage fraud was practiced on a systemic level by major Wall Street investment banks, major commercial banks, mortgage banks, and virtually the entire real estate industry…”

via How Wall Street cashed in on the American Dream, and nearly killed it.

“With close to $2 trillion in CRE loans due in the next few years and many borrowers already behind and struggling to get caught up, the nation’s banking system is bracing for another melee…”

via Memphis Daily News – Financial System Braces for CRE Loan Melee.

“Foreclosure activity skyrocketed in Palm Beach County and the Treasure Coast in February, fanning fears that the housing market still faces strong headwinds…”

via Foreclosures: Housing defaults soar in PBC, TCoast.