The Office of the Comptroller of the Currency and Office of Thrift Supervision said Friday that they will begin collecting more data on loan modifications in order to monitor their effectiveness.

The agencies, which have been releasing joint quarterly reports on foreclosures and loss-mitigation efforts by the banks and thrifts they regulate, are to begin recording details of the loan modifications' effects on borrowers' monthly payments. They will also keep track of how many loans modified during the first half of 2008 are 60 days past due.

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