Lenders are boosting their attempts to avoid home foreclosures, but fewer than half of loan modifications made at the end of last year actually reduced borrowers' payments by more than 10 percent, data released Friday show.
The report, based on an analysis of nearly 35 million loans, was published by the federal Office of the Comptroller of the Currency and the Office of Thrift Supervision.
It provides the most detailed and broad analysis to date of efforts to stem the foreclosure crisis.
Among loan modifications made in the October-December quarter, about 37 percent resulted in a drop in payments of more than 10 percent, compared with about one-fourth in the first nine months of the year.
Regulators saw that growth as a positive sign.