Some experts estimate that we are currently only 40% through the worst of the mortgage misconduct meltdown. In other words, according to many experts, the past couple of years have revealed only 40% of all of the defaults and foreclosures that we can expect to see as a result of the subprime and mortgage misconduct meltdown.

Most experts blame the meltdown on unscrupulous mortgage brokers, hasty borrowers, and lenders who offered risky products while turning a blind eye to the transactions the mortgage brokers were orchestrating. 60 Minutes recently investigated the mortgage misconduct crises in an attempt to make sense of it all. You can see the entire story by 60 Minutes by clicking on the link below.

http://www.cbsnews.com/sections/i_video/main500251.shtml?id=3756665n