WASHINGTON (MarketWatch) - The Obama administration is developing an alternative program to help troubled homeowners avoid foreclosure, beyond a mortgage modification program the White House launched in March, according to a key Treasury official on Thursday. "We are developing a foreclosure alternative program for HAMP [Home Affordable Modification Program], which will provide incentives for short sales and deeds-in lieu of foreclosure where borrowers are unable or unwilling to complete the HAMP," said Herbert Allison, assistant secretary for Financial Stability at a hearing. "We are aware that there are many borrowers whose modifications under HAMP will not be sufficient to keep them out of foreclosure; for example, borrowers who do not have sufficient income to support a modified payment." Allison did not provide additional information about the program, except to say that it could help prevent costly foreclosures.