WASHINGTON — Regulators are starting to see the effects of a $25 billion national mortgage servicing settlement with an increase in new loan modification trial-period plans.

Servicers initiated 178,528 proprietary trial-period plans in the second quarter, a 74.2% increase from the previous quarter and 50.1% from a year earlier, the Office of the Comptroller of the Currency said Thursday. While some of the increase is attributable to a shift in the way servicers reported the activities this year, OCC officials said the uptick coincides with several large banks implementing the terms of the deal, which was finalized in February.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.