Page 2 - Foreclosure Program News Today

Jane: a watchdog group is criticizing the foreclosure program, the congressional oversight panel says it will only assist a quarter of the troubled homeowners it was targeted to help. janice will explain. >> reporter: the panel is basically saying the treasury department is simply lagging behind this crisis. think about this statistic, for every one family helped by this program last year, ten families lost their homes, so although we have seen the economy improve, this crisis is still very, ver...

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Government program to keep americans in their homes. stephanie e slam with us to talk about a watchdog groups report. they really ripped into this foreclosure program. >> reporter: yeah. they made it very clear how they feel about this, kyra. were talking about the $75 billion loan modification program. and basically we have the special inspector general of the t.a.r.p. bailout, talking about neil barofsky here, coming out, really saying the program has a lot of problems. it may help as little a...

Near the bluff. researchers from the natural museum of history think it was buried by a sand do you know that collapsed 185 million years ago. its believed the dinosaur was 10-15 feet long, four or 5 feet high or so. researchers say there are more remains yet to be discovered in this specific area. jon: first the bank foreclosures -- forecloses on your home, then another group zeroes in. an illegal scam that targets empty houses. a live report on how that works, straight ahead. and why a gover...