The Obama Administration is currently under increasing pressure from the end of lawmakers and housing advocates to revamp its troubled mortgage relief program almost a year after its debut, as the housing crisis across the country continues to deepen and now spreads to engulf more creditworthy borrowers.

Under the $75 Billion program, lenders are paid to change the mortgages of borrowers who are struggling with payments, basically lowering their payments by some $500 a month.

So far, however, fewer than 200,000 borrowers have ended up receiving a permanent change to their loans, as has been confirmed by the Treasury Department data released on Wednesday, a small number of the total 3 to 4 million borrowers who Government regulators had initially insisted that the program could end up helping before it expires in 2012.

"Clearly the numbers that were discussed by the administration set up an expectation that just don't deal with the reality we're in", said John Courson, President of the Mortgage Bankers Association.

Officials have now acknowledged that the program, known as the Making Home Affordable, got off to a start which was effectively slow, and has yet to hit its full potential.