“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.

“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.

“Analysts from J.P. Morgan Chase & Co. are forecasting that bank-owned sales as a share of total home sales will remain at current or even higher levels three years from now in more than half of the nation’s 10 largest housing markets…”

J.P. Morgan: Foreclosure Sales Could Be Higher in Three Years – WSJ.