Florida No. 2 for loan modifications

The number of Americans falling 60 days or more behind in their mortgages fell 6.4 percent in the third quarter from the second quarter, but the percentage of those who fell 30 to 59 days behind rose by 4.3 percent, according to a new report by bank regulators.

At the same time, foreclosures increased 31.2 percent to 382,000 in the most recent quarter and were up 3.7 percent from a year ago, according to the report by the Office of the Comptroller of the Currency and the Office of Thrift Supervision.

The number of foreclosures in process increased to 1.2 million, or 4.5 percent, from the previous quarter, and 10.1 percent more than a year earlier.

It shows that in the third quarter 6,411 loan modifications were implemented under the federal government’s Home Affordable Modification program (HAMP) and 17,355 “other” modifications in Florida.