Treasury mortgage aid that was made available by the government foreclosure prevention systems may indeed be just another huge failure. St Louis home loan experts agree with current reports from the Treasury that announced nearly 90000 distressed borrowers will lose their emergency mortgage bailout financial backing sometime this year.

And the reports gets worse. Tens-of-thousands of consumers who are already paying modified, decreased payments on their St Louis home loans will lose those modifications despite the fact that their mortgage payments are up-to-date.

What is disheartening is that those mortgage owners losing their assistance are not just limited to those who have since failed to prove their existing qualifications in the system. Thousands have been turned away due to earning too much or actually not enough since taking part in the program.

The problem stems from the fact that many of them are actually saving investments for their retirement. And that in turn could mean you're out of the loan modification system because their savings would put them way over the limit allowed so that they no longer meet the condition for federal benefits.

There are many who are loudly asking for the government to remain out of matters that constitutionally they have no right to enter. Yet to prohibit those who initially qualified for funding doesn't seem right as well.

These taxpayers had to go through rigorous red tape by dealing with all the paperwork to get approval for their loan modification which prevented them from foreclosure and then made their payments on time only to be told that the government is obviously not going to keep their end of the bargain.

The heartbreaking irony is that consumers who have paid taxes for many years to keep the government going are the very homeowners who now need help yet are denied such deserving monies. This bailing out of fraudulent businesses must end and all monies re-routed to taxpayers who are owed such benefits.

Yet what may be a bit of good news for these disturbed modified homeowners is that there are now private companies who can help them avoid foreclosure.

One such business that is presently offering mortgage-relief options to these distressed consumers rather than provide the red tape federal mandates is Wells-Fargo. And there appears to be no end to the line-up of taxpayers who are leaving federal programs for private ones.

The foremost reason for the financial exodus is once you're approved with companies such as Wells-Fargo, you may actually have a decent shot at keeping your St Louis home loan and knowing what your payment will be.

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