Do You Know Who Really Owns Your Mortgage?

While watching 60 Minutes tonight I was shocked by a segment that was called “Mortgage mess: Who really owns your mortgage?” This piece was narrated by Scott Pelley.

The segment was about  An epidemic of forged and missing mortgage documents.

“As it turns out, Wall Street cut corners when it bundled homeowners’ mortgages into securities that were traded from investor to investor. Now that banks are foreclosing on people, they’re finding that the legal documents behind many mortgages are missing. So, what do the banks do? As Pelley explains in this video, some companies appear to be resorting to forgery and phony paperwork in what looks like a nationwide epidemic.”  Some of the banks names are Wells Fargo, Bank Of America and many others.

Do You Know Who Really Owns Your Mortgage?  If you have a mortgage on your house you must VIEW THIS VIDEO!


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