Hello, fellow Camry enthusiasts! I have a technical question regarding my 1990 Camry DX with A/T. There is a weird noise coming from my left front wheel/brake area. The ONLY time I hear it is upon light braking. If I either let off the brakes or push harder, it goes away instantly. I never hear the noise when turning in either direction or upon acceleration. It started a couple months ago but got a bit louder. I figured it had to do with the brakes, so I replaced all four pads on the front, plus installed a brand new rotor on the side making the noise (front driver's side). I also lubed both caliper sliders with white lithium grease. NOTHING helped. The noise is still there. It sounds like a scraping noise. It's extremely uniform (never changes tone or sound). Like a "goosh... goosh... goosh" or something. It's hard to explain.
I jacked up the car several times and ran it in drive. But I can't ever hear the noise! I've checked the wheel bearing doing the old "rock from top to bottom method" but it's tight. CV boot on that side is sealed, and not cracked and is dry on the outside.
This noise is really starting to bother me.

Mainly because I can't find it with the car off the ground, and only hear it when I'm slowing down while lightly applying the brakes. NEVER hear it ANY other time.
The ONLY thing I found when I've checked everything on that side is the axle seems slightly lose where it goes up into the transmission. Not really lose, just a bit. Can't find anything else.
My friend suggested I take it to an alignment shop and tell them I want to get an alignment but need to have it checked out to see if it can be aligned, then let them see if the shop finds out what it is.
Any ideas of what to check would be appreciated very much! I can tell you for sure what it is NOT:
1. Brake pads
2. Rotor
3. Thin metal backing plates
Could it possibly be a bad bearing or CV joint? If so, wouldn't I hear the noise at other times, like when I'm turning?
Oh, forgot to mention what I "thought" it was/could be: I kept thinking the tire was making noise like maybe it isn't properly seated on the wheel. Some friends don't think so, but the noise started shortly after I had these new wheels put on. They have some kind of black plastic "Toyota Adapter Ring" on each wheel, and I even wondered if that was the problem. So today I'm heading back to Discount Tire to have them rotate my tires and if the noise is suddenly in the back, I'll know exactly what the problem is: a tire! After all, it does kind of have the sound of "tire squish". I'll let you all know if this solves the problem. (But I doubt it.)
Thanks much for any opinion or advice!