There is help out there for homeowners who are on time with their payments and help for those behind on payments. If your loan is owned by Fannie Mae or Freddie Mac you may be eligible for the Making Home Affordable program which allows people to refinance at the current lower rates. The plan will help people to stay in their homes by making the payments more affordable. So many people do not know about the available programs. Here are the links to both sites:
Freddie Mac http://www.freddiemac.com/
Fannie Mae http://www.fanniemae.com/
Let me know if you found success with a modification - I would love to hear a success story! email me at jen@jenrowe.com