The majority of realtors do not think the federal government’s loan modification program has reduced foreclosures in their region, according to a recent survey by Homes & Land.

The Home Affordable Modification Program was launched last spring to allow distressed homeowners to modify their monthly mortgage payments. By reducing payments to 31 percent of the household’s monthly income, it aimed at preventing foreclosure.

The program was intended to help 3 million to 4 million homeowners. By January, it had provided permanent loan modifications to more than 116,000, according to a Treasury Department report, with another 76,000 modifications pending.

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