The "Making Home Affordable" loan modification program implemented by the Obama administration says that it has reached about 20% of troubled homeowners mostly in California, Nevada and Arizona.

Economists conclude that it is unlikely it will help 3 to 4 million people this year which was the goal of the Administration. The Administration is blaming servicers for dragging their feet.

What have I noticed? The Administration thought it a good idea to offer $1,000 bonus to the banks for each homeowner they did a 90-day temporary loan modification for. What happened? You got a 90-day temporary loan modification and the bank got a $1,000 per file - FREE MONEY! Lots of people I speak to say they ended up worse off after the 90-days was over because they owe late payments, missed payments, fees, etc. Some say their payment went higher than their original payment and lots say that the bank is refusing to modify thier loan permanently.

Once again, the banks are taking OUR tax dollars and taking advantage of the troubled homeowners AGAIN. Guess what? No one is writing or complaining about this......I haven't read one article on this is happening. Are we really this complacent?