UPDATE 2-US regulators seek more mortgage modification data

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WASHINGTON, March 3 (Reuters) - Top U.S. lending regulators on Monday asked banks they supervise to provide systematic reports on how they are modifying troubled home loans.

The Federal Reserve Board, Federal Deposit Insurance Corp, Comptroller of the Currency and Office of Thrift Supervision all asked the institutions they regulate to use reporting standards developed by HOPE NOW, a government-industry cooperative trying to save troubled borrowers from foreclosure.

"We strongly support efforts to improve the collection of data on loan-modification activities. We encourage the institutions we supervise that service subprime mortgage loans to report on their progress in a consistent way," Fed Governor Randall Kroszner said in a statement.

U.S. Treasury Secretary Henry Paulson, who helped create HOPE NOW, has said he expects the industry to provide accurate and thorough snapshots of the current housing crisis and how lenders are dealing with it. (Reporting by Patrick Rucker; Editing by Dan Grebler)