Borrowers that got help have fallen behind in payments 1 year later. total of 50% of the homeowners with loans modified in the first half of last year had missed at least two payments a year later reported by Office of the Comptrooler of the Currency and the Office of Thrift Supervision. O.K. that looks real bad!

The homeowners didn't really get any help! The group they are talking about either had their mortgages lef the same or increased. They didn't get any reduction in interest and their payments went up.

DAAAAAAA! They are behind again, go figure!

The ones that had their interest lowered and payment adjusted did a lot better, 33% failed in this group. The 33% found themselves back in trouble from other problems hitting them, like job loss, medical or family breaking up.

There is no data that can say whether the Obama administration's plan is going to work or not. It had a slow start but is doing better in the resent months. We can only hope and pray that something works so we can move on.

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http://activerain.com/blogsview/1265304/50-that-got-mortgage-help-are-behind-one-year-later-