Servicers supervised by the Office of the Comptroller of the Currency completed fewer loan modifications in the first quarter as the number of delinquent borrowers who need assistance appears to be shrinking.

The OCC Mortgage Metrics Report released Wednesday morning shows the nine servicers had 867,500 loans that were 90 days or more past as of March 31, down 12% from the fourth quarter and 17% from a year ago.

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