Most banks are up to their eyeballs in foreclosures and subsequently loan modifications, but some are better handling it then others. Bank of America and Wells Fargo were among the worst performers of U.S. Banks in modifying loans. According to the Treasury Department, “Bank of America began 27,985 trial loan modifications, or 4 percent of its eligible loans, under the government’s Making Home Affordable Program started this year.”

The report also shows that, Wells Fargo had a 6 percent rate, following Chase’s 20 percent and Citigroup’s 15 percent. Wachovia Corp., which Wells Fargo acquired, had a rate of 2 percent.

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