As her family expanded, Tracy Robinson, a homeowner in Hyattsville, Md., decided to refinance her mortgage. Along the way she and her husband took out a second mortgage and later found themselves struggling to make payments and on the verge of foreclosure.

Details form the US Treasury were released today on the Making Home Affordable program, aka Mortgage Relief.

Citing recent statistics about high re-default rates on reworked home loans, Republican lawmakers expressed concerns Tuesday about the viability of a new Obama administration plan to modify mortgages for troubled homeowners.

Housing counselors and lenders both say Obama program is comprehensive approach that attacks root of economic crisis. But it won't help everyone.

Jamie Dimon, Chairman and CEO of J.P. Morgan Chase (NYSE: JPM) just gave a CNBC interview with Melissa Francis. While he would not give exact predictions on the environment and a turnaround, nor on how JPMorgan’s quarter is going, he did offer some insight into how the stimulus package and the financial rescue package and mortgage restructuring could go.