Monday, February 16, 2009

OTS Response to State Foreclosure Prevention Working Group Letter on Loan Modifications.

State Foreclosure Prevention Working Group recently wrote to the Office of Thrift Supervision and the Comptroller of the Currency [HERE] complaining about data on loan modifications in their quarterly Mortgage Metrics reports.

Response from OTS and OCC is HERE. Response says that future Mortgage Metrics reports will have greater detail on loan modifications and includes as atttachment the data dictionary they use (HERE).

[May have been one of the last letters signed by Director of Office of Thrift Supervison, 'cause he is out the door at the end of Feb (see AP news story HERE)].

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