Data was also release showing that 185,000 mortgages were modified in 2009 Q1. That's a lot (too many, IMO), although less than the pace the Obama Administration would like see.
[update: Now Reuters reports consideration of a plan to allow unemployed people to become renters of their home. Note that, for a homeowner whose mortgage is underwater, this at least amounts to forgiving the entire amount that the mortgage that exceeds the value of the house. To the extent that there are a surplus of houses supplied to the rental market, this "rent your house" plan might be even more generous than that.]