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The vast majority of loan modifications to date have lowered payments by dropping interest rates while leaving balances untouched.
The overwhelming majority of "loan mods" are either denied outright or fail, leading to a foreclosure.
But GAO auditors said the vast majority of loan balances held by older Americans is for their own educations.
Monitoring data indicate that the majority of loan recipients, regardless of how many times they had received a loan, planned to use a portion of the money to increase their drug stocks.
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But the vast majority of loans have not.
The vast majority of loans are paid off or refinanced in three or four years.
The ministers agreed on Friday to release the majority of loans worth 8 billion euros to prevent Greece from defaulting.
As part of an ongoing review of the sector the OFT performed a "sweep" of 50 lenders which account for the majority of loans.
"But a majority of loans in the U.S. are done by mortgage brokers, which speaks volumes to the value of what we bring to the industry".
Ms. Kochhar said that the underlying risks of having "a majority of loans not owned by the people who originated them" was not apparent during the bubble.
At the same time the banks, which provide the majority of loans to large corporate borrowers, drastically reduced lending to new borrowers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com