Ally, Barclays Top Foreclosure Loans

A study by SNL ranks foreclosures by institution and the amount of 1-4 family loans in the foreclosure process currently.
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NEW YORK (

TheStreet

) --

Barclays

(BCS) - Get Report

,

Ally Financial

and

New York Private Bank & Trust

are the banks that have the greatest percentage of family loans in the foreclosure process, according to SNL Financial.

The

study by SNL

ranks foreclosures by institution and the amount of one to four family loans currently in the foreclosure process.

Barclays has 17.74 percent of one to four family loans in the foreclosure, which total $495 million. New York Private Bank & Trust has over 12 percent of similar loans in the foreclosure process, which total $378 million. Ally Financial has 10 percent of one to four family loans in the foreclosure process totalling $2.1 billion.

While these three banks may have the largest percentage of loans currently going through foreclosures,

JP Morgan

(JPM) - Get Report

and Bank of America are at the top of the list for banks with the largest total amount of loans in foreclosure.

JPMorgan Chase loans in foreclosure total about $19.50 billion. The bank also services another $54.48 billion in loans in foreclosure for other companies.

Bank of America

(BAC) - Get Report

has $18.77 billion in one to four-family loans in foreclosure. It also has about $87.94 billion in similar loans that it services for others that are in foreclosure.

The White House is rejecting a broad moratorium on

home foreclosures

because it fears such a step could hinder a recovery of the housing market. Published reports say tat 40 state attorney generals could announce investigations into the faulty foreclosure practices of banks.

The banks with the most to lose in nationwide foreclosure moratoriums would likely be those with the most loans going through processing and those with the largest valuation of loans in foreclosure.

--Written by Maria Woehr in New York.

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