Did you Watch 60 Minutes this Week? If you have a Mortgage--you should.

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The American Dream has now become the American Nightmare courtesy of the banking industry thanks to their slicing and dicing of loans that has now made it impossible for any of us homeowners to be certain of who really owns our mortgage.

Do you know who really owns your mortgage? As Scott Pelley highlighted this week, that question has triggered many homeowner nightmares. Trouble is, nightmare isn't one you can easily wake up from--because you aren't asleep. You're eyes are open and you're awake.

Be sure to take the time to watch the "60 Minutes" report and listen to Scott Pelley's discussion with "60 Minutes Overtime" editor Ann Silvio before you find yourself in your own nightmare.

I think it's important to note that several years ago, when claims of this type of mortgage servicing fraud was transpiring unchecked, those in the know then claimed, "When the whole of this fraud is exposed, it will make Enron look like a parking ticket". That now-prophetic statement was on the front page of MSFraud.org, a site founded by Robert John "Jack" Wright, a homeowner who testified that he made all his mortgage payments on time, and still lost his home. (See Video & more in a 2008 blog)

Since then homeowners, activists, and bloggers, along with some in-the-know consumer attorneys and national advocates have since been shouting in and out of courtrooms tirelessly trying to enlighten judges, the media, our regulators, legislators and, most of all, unsuspecting homeowners about today's mortgage practices. 

It may be wise to figure out why the countless homeowner complaints of mortgage servicing fraud, accounting abuses and wrongful foreclosures been so ignored? Why have so many turned a blind eye and deaf ear?

Watch Florida Attorney Lynn Szymoniak on 60 Minutes: The Next Housing Shock. Who really owns your mortgage?


CBS after show 60 Minutes Overtime,

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