However, the program’s direct ability to assist individual mortgage holders is not fully understood. The program’s main thrust is the investment of the billions of taxpayer dollars in failing and stressed banks and insurance companies so as to bolster the U.S. financial system. It appears an ancillary part of this program is to reduce interest rates to increase credit availability, which is good for homeowners seeking to refinance, and to modify mortgages in some way. KVCR has not determined as yet whether this program has specific elements that home owners can apply to in order to trigger loan modifications. Look for follow-up posts as more information is learned.