Online Mortgages

Scott Pelley reports on the mortgage crisis that’s far from over, with a second wave of expected defaults on the way that could deepen the bottom of the U.S. recession.

Duration : 0:12:30

(more…)

Technorati Tags: 60, economy, Minutes, Peley, recession, Scott, U.S.

Twenty-three percent of mortgage-holders owe more than their home is worth. Ben Tracy reports on these “under water” mortgages.

Duration : 0:2:46

(more…)

Technorati Tags: bank, business, cbsepisode, economy, foreclosure, home, Homeowner, house, housing, Lender, loan, mortgage, recession, U.S.