OCC and OTS Release Mortgage Metrics Report for Second Quarter of 2010: “The credit quality of first-lien mortgages serviced by the largest national banks and thrifts remained steady during the second quarter of 2010, according to a report released today. The report by Office of the Comptroller of the Currency and the Office of Thrift Supervision presented no clear trend in mortgage performance during the quarter, as some data showed improvement, while other data showed declines or remained flat. According to the Mortgage Metrics Report, mortgage delinquency levels remained steady but elevated after rising for several quarters. Completed foreclosures were up, while newly initiated foreclosures were down. Mortgage modifications were also up and an increasing number of more recent modifications, which decreased borrowers’ monthly principal and interest payments, performed better than earlier modifications.”