Online Mortgages

Scott Poncetta, owner of Subsidize My Mortgage.com previews home with Granny Unit at 734 N. 3rd St in San Jose near Japan Town. 5 minute video tour.

Duration : 0:5:18

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Technorati Tags: adu, area, bay, buying, duplex, Estate, granny, guest, home, house, jose, poncetta, Real, rental, san, Scott, unit

In a segment on CBS that aired yesterday, 60 Minutes correspondent Scott Pelley talks to investment and credit experts about the new types of mortgages that will create a second wave of foreclosures. The country has already suffered the subprime mortgage crisis, and the experts say the next wave of risky mortgages to default are the Alt-A and option ARM mortgages, which were also bundled into Wall Street securities and sold to investors.
For more information plesae click the link:
http://www.cbsnews.com/stories/2008/12/12/60minutes/main4666112.shtml?tag=FeatureBoxTabsContent;FeatureBoxTabs2

Duration : 0:4:40

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Technorati Tags: 60, amir, CBS, deal, egan, estatem, korangy, Minutes, mortgage, pelley, Peter, Real, Scott, sean, tilson, whitney, zalewski

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

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