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CNBC Closing Bell February 17, 2010



proper documentation. treasury officials say the program is making, tremendous progress and is just of one of many pieces in the government s plan to save the housing market. just to put this all into perspective there are about 5.6 million borrowers who are now delinquent on their loans and only about 1.. 7 of those would qualify for a home-affordable modification. now the problem is that treasury officials admit currently those in the trial mods, only two-third, current on their payments. tomorrow marks the one-year anniversary of the announcement of this program and it was aimed at modifying 3 to 4 million borrowers by the end of 2012. treasury officials say they re still on track to do that but critics say that just may be a drop in the bucket as we continue to see delinquencies and foreclosures rise. bob and maria. thanks very much, diana olick in washington with the latest there. and as i mentioned the fed minutes also out. we have news within the past hour th ....

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