Trial Modifications News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Is there ever any consideration of the human carnage? >> not servicing industry? no, i don't think so. >> reporter: caroline heron helped design and implement the government's loan modification program as a consultant at fannie mae, helping the treasury department run the program. she says there was pressure to get homeowners into trial modifications. why was there such a rush to get people in to these trial modifications? >> because of the program supposed to help up to 4 million people and they needed to make progress. >> reporter: so it was about the numbers? >> it was about the numbers. >>...

Pricing $52,000. 75% discount on this foreclosed property. >> trying to stop the tide of foreclosures, the obama administration is in the process of directing about $50 billion in funds towards mortgage modifications but thus far just 31% of trial modifications have actually become permanent modifications. harvard in theory it would let apple shut down iphone remotely if hackers jail break or unlock the phone and install unauthorized programs. if this thing gets approved, the feature could use voice and even facial recognition to shut the phone right down. it seems the kingdom of twitter now h...

Tide of foreclosure the obama administration has put $50 billion in tarp funds for mortgage help for families. about 31% of those trial modifications have been extended. a lot more are in the works and many have failed. this is a real tough problem to solve. jenna: a threat in the horizon to the economy. molly . thank you so much for that report, malhere line is for us in boston today. rick: wild new ooh twists in a art heist mystery. investigators say this vincent van gogh painting, it's called vase of flowers. they said yesterday it was found at the airport as the thieves tried to smuggle it...

There have been only 340,000 permanent. in fact, there have been 430,000 failed trial modifications, meaning failed modifications vastly outnumber successful ones. moreover, treasury still has not established performance goals or benchmarks for the program, meaning that there's no he effective way for us to know whether this $50 billion program is accomplishing intended purposes. that's not accountability. that's not transparency and it's just more taxpayers' money flying out the window. >> last time i was on the show three weeks ago, i spoke about people who owe more money on their home than ...

That's despite programs launched by the federal government in some states to help troubled homeowners. our diana olick joins me now from washington. diana, why aren't these plans helping or working, or have we just not had enough time go by for them to really kick in? >> reporter: you have to look at the big numbers. yes, we did see record foreclosure activity in march. that's made up of notices of defaults and auctions and re repossessi repossessions. when you dig into the numbers, you see the bank repossessions, that is the final stage of foreclosure where the bank takes title of your home, ...