Data on Housing Relief Questioned

David Cho and Renae Merle, Washington Post Staff Writers, report that:

Banks and mortgage firms are providing questionable information about the number of subprime mortgage borrowers they are helping and the rate at which homeowners are falling into foreclosure, according to the top regulator for the nation's largest banks.

Those details are crucial for regulators to gauge the severity of the housing crisis and evaluate the effectiveness of the steps lenders are taking to address the problems.

(hat tip Tanta@CalculatedRisk)

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