The Obama Administration is dishing out another $3.1 billion towards modifications to the foreclosure program, in an effort to fight the record number of foreclosures. The modifications to the program include adding Residential Credit Solutions of Fort Worth Texas to the mortgage servicing companies that are participating in the program, as well as providing an increase in funds to Countrywide Home Loans Servicing LP.

There have been many questions as to whether or not the original foreclosure program announced in March has made any difference to the suffering real estate industry. The figures last week showed that over 32,000 borrowers have enrolled in the 3-month trial modifications under the plan, according to the Treasury Department