When we think of online offender registries, we naturally envision those run by state and federal officials as a means of keeping track of and alerting the public to the presence of those people convicted of sex crimes.
The real estate market has been in a confusing state of transition for nearly five years. Before the housing bubble burst a few years ago, few people could have predicted that financing rules and requirements would change so markedly.
In many parts of the country, the housing market has improved somewhat, after the shocks of the real estate crisis. With fewer foreclosures happening now, it is hard to fully understand how confused and chaotic the situation was a few years ago.
During the housing boom a few years ago, it was common practice for big banks in the real estate industry to take a deliberately rosy view of borrowers' ability to repay loans. Countrywide Financial, at one time the nation's leading mortgage lender, essentially made it a business strategy to find ways around traditional underwriting requirements.
The fallout from the financial and real estate crises of recent years is far from over. One example is the huge mortgage fraud lawsuit brought by the federal government against one of the nation's biggest banks, Bank of America.