Another Bubble Has Burst: The Miami Luxury Condo Market Is A “Ticking Timebomb”

Another Bubble Has Burst: The Miami Luxury Condo Market Is A “Ticking Timebomb” Last year we warned that the luxury condo market in Miami was cooling down, and we also noted that one of the mail culprits was the fact that foreign buyers (especially Brazilians) were seeing their buying power crushed by the appreciating dollar. … Read more

Bank of America’s Winning Excuse: We Didn’t Mean To

Bank of America’s Winning Excuse: We Didn’t Mean To Reposted via ZeroHedge Originally Authored by Jesse Eisinger via ProPublica.org, Back in the late-housing-bubble period, in 2007, Countrywide Home Loans, which was then the largest mortgage provider in the country, rolled out a new lending program. The bank called it the “high-speed swim lane,” or HSSL, … Read more

FBI Launches Sting Operation into “Foreclosure Fraud”

“The public first learned about the public FBI surveillance in conjunction with a foreclosure fraud sting operation last year.” To protect the lenders! ~ FBI Plants Hidden Microphones In Public Places A recent investigation into bid-rigging at public foreclosures raises an interesting question: Should citizens have a right to presumed privacy in public places? The … Read more

Chain Of Title: A View From The Ground

Chain Of Title: A View From The Ground Originally posted @ shadowproof.com The 2008 financial and housing crisis has not gone unreported. A series of books and films, of varying mixes of fact and fiction, have made their mark on the American cultural landscape—from dramas like Margin Call and Too Big To Fail, to documentaries … Read more