Do modified mortgages really work?

June 21, 2012 5:13 PM

A study by credit reporting company TransUnion looked at more than 500,000 modified mortgages. Elaine Quijano reviews the results to see if they really work.

Mortgage modifications a savior for some, but 60 percent fall behind again

Recommended

Okla. tornado survivor finds dog buried alive under rubble
0:46 May 20, 2013

Okla. tornado survivor finds dog buried alive under rubble

Barbara Garcia, a survivor of the massive tornado that struck an Oklahoma City suburb, found her dog buried alive under the rubble during her interview with CBS News' Anna Werner.
At least 51 dead after tornado strikes Oklahoma City suburb
5:07 May 20, 2013

At least 51 dead after tornado strikes Oklahoma City suburb

At least 51 people were killed in the massive tornado that hit Moore, Okla. Anna Werner reports on how it has left residents in a state of shock.
Storm spotter: Oklahoma tornado "formed almost without any warning"
2:16 May 20, 2013

Storm spotter: Oklahoma tornado "formed almost without any warning"

Storm spotter Ben McMillan described to Scott Pelley how the mile-wide tornado that tore through an Oklahoma City suburb formed over the city with almost no warning.
Survivors pulled from Okla. school hit by tornado
0:29 May 20, 2013

Survivors pulled from Okla. school hit by tornado

Several children have been pulled alive from the rubble of an elementary school south of Oklahoma City that was hit by a tornado estimated to be over a mile wide. Scott Pelley reports.
Oklahoma tornado leaves residents in state of shock
5:15 May 20, 2013

Oklahoma tornado leaves residents in state of shock

A tornado estimated to be a mile wide has obliterated part of the Oklahoma City metropolitan area. The tornado hit the city of Moore, where two schools were hit, along with a hospital and a movie theater. Anna Werner reports.
Oklahoma City manager: Tornado created "significant damage"
2:20 May 20, 2013

Oklahoma City manager: Tornado created "significant damage"

Oklahoma City Manager Jim Couch told Scott Pelley that search-and-rescue teams have been dispatched after a tornado estimated to be over a mile wide tore a path through the town of Moore, Okla.
Oklahoma tornado survivor: "Everything is gone"
0:53 May 20, 2013

Oklahoma tornado survivor: "Everything is gone"

A resident of Moore, Okla., described to KWTV how her family survived the tornado that tore through the suburb of Oklahoma City.