Credit: Lars KloveOut of a potential 3.4 million homeowners, only 169,000 have been approved for permanent loan modifications. We sat down with ProPublica reporter Paul Kiel to find out why the approval process is taking so long for so many Americans. We also spoke with one of the homeowners Kiel has reported on, Deb Franklin, who shares her experience of trying to obtain a loan mod.

Stories discussed on this show:

Eye on Loan Modifications

The Story So Far on the Gov’t Loan Mod Program

And the World’s Longest Trial Mod Is...

Logjam Continues for Loan Mods; Big Banks Fare Poorly, Data Show

Have you applied for a loan modification under the Obama administration's Making Home Affordable program? Are you thinking about it? If so, we at ProPublica want to hear your story.