Obama's Mortgage Aid Plan not working

It seems that more and more homeowners found it best just to leave and abandon there homes, What is it about the Obama's mortgage aid plan that got homeowners crying fowl. So far, More than a third of the 1.24 million borrowers who have enrolled in the $75 billion mortgage modification program have dropped out. But analysts expect the majority will still wind up in foreclosure and that could slow the broader economic recovery. A major reason so many have fallen out of the program is the Obama administration initially pressured banks to sign up borrowers without insisting first on proof of their income. When banks later moved to collect the information, many troubled homeowners were disqualified or dropped out. Many borrowers complained that the banks lost their documents. The industry said borrowers weren't sending back the necessary paperwork. Treasury officials now require banks to collect two recent pay stubs at the start of the process. Borrowers have to give the Internal Revenue Service permission to provide their most recent tax returns to lenders. But even after the loan is modified Even after their loans are modified, many borrowers are simply stuck with too much debt – from car loans to home equity loans to student loans, credit cards. etc.etc. The mortgage modification plan was designed to lower borrowers' monthly payments – reducing their mortgage rates to as low as 2 percent for five years and extending loan terms to as long as 40 years. The sad thing is it has made little impact. Why didn't they put the same amount of resources into helping families avoid foreclosure as they did helping banks?