USF St. Petersburg campus Honors Program Theses (Undergraduate)

First Advisor

Martina Schmidt, Ph.D. Professor, College of Business


University of South Florida St. Petersburg

Document Type


Date Available

May 2013

Publication Date


Date Issued

April 2013


Strengths and weakness in the real estate market have a significant impact on the United States society. The real estate bubble that peaked in 2006 and the 2007 mortgage crisis greatly impacted the economy. This thesis discusses the characteristics of the real estate bubble and the events leading up to it. In the midst of the bubble, mortgage fraud greatly increased. Also discussed in the paper are different types of mortgage fraud, the impact of mortgage fraud, the impact of the fraud on the mortgage crisis, and changes to combat fraud, which include the Dodd Frank Act. Bankers, realtors and other professionals were interviewed to provide their opinions on the impact of the real estate bubble on U.S. society of the real estate bubble and mortgage crisis. The main conclusion is that there must be balance between the American dream of home ownership, the operation of a free market economy and the laws enacted to stimulate the economy, as well as the protection of the American people.


A thesis submitted in partial fulfillment of the requirements of the University Honors Program, University of South Florida St. Petersburg.

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