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Loan Mods Plunge at Largest National Banks

Thu January 05, 2017

National banks have experienced a dramatic drop in loan modification activity over the past year, according to a report released Wednesday by the Office of the Comptroller of the Currency.

The seven largest national banks completed 35,642 loan modifications in the third quarter of 2016, down from 147,542 in the same quarter in 2015, the Mortgage Metrics report said.

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