Wells Fargo has reported today it had 664,195 loans in active trial or completed mortgage modifications as of March 31, 2011. Eighty-six percent, or 568,548, were through Wells Fargo’s own modification programs. Modifications done through the federal government’s Home Affordable Modification Program (HAMP) totaled 95,647. “We continue to see declines in the number of our customers who are defaulting on their home loans,” said Teri Schrettenbrunner, senior vice president of Wells Fargo Home Mortgage communications. “Only 7.22 percent of all first mortgage and home equity loans serviced by the company—including loans originated by Wells Fargo and those originated by other lenders—were past due or in foreclosure in the first quarter of 2011. That is down from a peak of 8.96 percent in the fourth quarter of 2009 and from 8.02 percent in the fourth quarter of 2010.” For customers who are 60 days or more past due who choose to work with the company, Wells Fargo has been able to help seven of every 10 to avoid foreclosure. Fewer than two percent of the loans secured by owner-occupied homes and serviced by Wells Fargo proceeded to a foreclosure sale in the last 12 months.