better check out this number, we will tell you which one coming up tonight on "the willis report" reedi

better check out this number, we will tell you which one coming up tonight on "the willis report" reedi." we will get to all that later, but first to the top story, federal program created to rescue struggling homeowners is failing at an alarming rate. according to the new government watchdog report the home affordable modification program is seeing half of the modified mortgages re-defaulting. with more on this, i'm not sure why anybody is surprised by th this. if you were defaulting the first time, the odds are good because of the economy, he did not fix up stuff to get it right. >> for most of these families the number one problem is the job loss. they are not structured to deal with that, they did things like lower the interest rates and given the level of interest rates in the economy, they were going down anyhow. it is interesting the first inspector general for tarp, said something that's tim geithner told him these programs were meant to be foam on the runway for the banks. that has been the attitude. it is meant to help them work through more than the homeowners. tracy: the ban

better check out this number, we will tell you which one coming up tonight on "the willis report" reedi