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The shimmying was caused by pad material (binder) adhering to the rotor surfaces. Nothing to do with rotor overheating/fading, but by poor quality pads.
I've towed a 4,000 pound trailer behind my family's 2008 Explorer. No brake fade or shimmying whatsoever. Ford OEM rotors and pads.
Would the binder material possibly look like a black/gray "film" over the rotor?
Would you happen to have a photo?
I think that is how my rear pads are, as there is like a black burn mark on the rotor (original OEM/Factory pads in the rear)