As more and more Americans face mortgage foreclosure, banks' crucial ownership documents for the properties are often unclear and are sometimes even bogus, a condition that's causing lawsuits and hampering an already weak housing market. Scott Pelley reports.
Do you know who really owns your mortgage? As Scott Pelley reports on "60 Minutes" this week, that question has become a nightmare for many homeowners since the invention of mortgage-backed securities. Yes, those were the exotic investments that sparked the financial collapse in this country. And the're still causing problems.
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The next housing shock
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Extra: "Save the Dream" events
Bruce Marks, founder and CEO of the nonprofit Neighborhood Assistance Corporation of America talks to Scott Pelley about his "Save the Dream" events and how foreclosures are causing a crisis in America.
Extra: Eviction reprieve
Florida residents AJ and Brenda Boyd spent more than a year trying to renegotiate their mortgage and save their home. At the last moment, questions about who owns their mortgage saved them from eviction
The foreclosure mess isn’t going away
Take Back the Land- Rochester engages in an eviction defense of the Lennon-Griffin family home. Rochester, NY sends 25 police cars, including the SWAT team, to execute the eviction.
6 Take Back the Land- Rochester members are arrested, as is an elderly neighbor who dared complain about the police overkill
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