In the third quarter of 2007, American homes entered foreclosure at a record pace, according to the Mortgage Bankers Association. Since then home prices have continued to fall, and now online realtor service Zillow is reporting that more than 30 percent of U.S. homeowners who bought in the last two years owe more on their mortgage than their house is currently worth. Things are likely to get worse with about 1.5 million mortgages due to reset at higher mortgage rates this year and another half million next year. Housing and Urban Development Secretary Alphonso Jackson: SOUNDBITE: Housing and Urban Development Secretary Alphonso Jackson, saying (English): "The people who need us are our friends and neighbors. They are the people we work with and the people we share our lives with. Their home are usually their most important asset." On Tuesday representatives from the private and public sector unveiled a plan to help some of the people on the brink of losing their homes....