Do you know anyone who has had their loan modified?

The government came up with this program to stop foreclosures and allow people to stay in their homes. The problem is getting the mortgage companies to do the loans. They actually get paid to do the loans and they lose money to foreclosure. So why have only 2100 loans been modifies and 1.5 million homes have gone into foreclosure since the program began.

I have no idea. I know a number of people who are trying to get their loans modified. All they get is that the bank has been swamped with request and they will get to them when they can. In the mean time the home goes into foreclosure. This just seems crazy. People just need a break and everyone will come out ahead. Why can't the banks "hire" enough people to process the request. The get paid to do it so why not.

I have heard no good reasons why this is not working. If you know tell me.