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Helping 1.5 to 2 million people, half of the obama administration's target. he's saying that it set meaningless and unclear goals and believes the program will fall short of its goals and says the implementation was mismanaged because it put people in trial modifications so it can never move forward. now there are a lot of people at risk of redefaulting on the mortgage so they will still lose their homes. through february, 169,000 perm nept modifications have been done. 1.3 million people put in the trial modification that's may go nowhere. and the treasury says 40% are expected to redefault b...

Permanent setup. now they're saying there's a large number of defaults at risk here because people may still have issues with these and may still end up losing their homes, which is just crazy to hear about. so through february, if you take a look at where we are through february, 170,000 borrowers got permanent modifications. more than 1.3 million, though, were in those trial modifications. and the treasury says that 40% of the homeowners in the program may redefault, and the reason for that is because the program didn't factor in the total borrower's debt. so at this point, kyra, neil barofs...

830,000 trial modifications, that means they are in the first three months of a trial mod. 60,000 have been denied. remember the administration wanted to help 4 million people. at the end of the day, the ability to help these folks has really been con strained by what bankers want to do. there are a lot of players at the table besides the consumers themselves. the president as plan is to bring monthly payments down to 31% of pre-tax income. that's proving too hard to do. at the end of the day we're looking for other solutions out there. we'll see foreclosures continue to rise. the folks i talk...

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