Data on Housing Relief Questioned

By David Cho and Renae Merle
Washington Post Staff Writers
Friday, June 13, 2008; D01

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.