Lose what little faith you still have in your fellow Americans with the new Mortgage Metrics Report . For the first time, the quarterly report [ pdf ] from the Office of the Comptroller of the Currency and the Office of Thrift Supervision includes information on redefault rates for modified mortgage loans. That is, lenders are increasingly offering supposedly distressed borrowers substantial reductions in principal and interest payments. (See page 25 to see how rapidly these modifications ... Read the Full Article