According to the Office of Thrift Supervision and the Office of the Comptroller of the Currency, an astounding number of mortgages that have been modified through various programs end up in default.

Consistent with last quarter’s findings, the report also showed that re-default rates on modified mortgages were both high and rising during the first three quarters of 2008, with loans modified in the third quarter showing the highest re-default rates. For example, the percentage of modified loans that were seriously delinquent (60 or more days past due) after eight months was 41 percent for loans modified in the first quarter and 46 percent for loans modified in the second quarter. The trend appeared to continue for loans modified during the third quarter.

So, you're in deep trouble, you want help, you modify your mortgage...oops, you're still screwed.