The Office of the Comptroller of the Currency published its Mortgage Metrics Report for the third quarter of 2025, covering first-lien mortgages in the federal banking system. At quarter-end, 97.4% of reported mortgages were current and performing, unchanged from a year earlier, and the share of seriously delinquent loans was also unchanged from the third quarter of 2024. Servicers initiated 7,903 new foreclosures, up from the previous quarter and a year earlier. They completed 8,190 modifications, down 2.7% from 8,419 in the prior quarter, with 94.7% of modifications classified as combination modifications such as pairing an interest rate reduction with a term extension. The report covers about 10.5 million loans totaling USD 2.7 trillion in principal balances, representing approximately 20% of US residential mortgage debt outstanding. Alongside the publication, the OCC transitioned to a new interactive online version of the quarterly report, adding search functionality and downloadable data covering all Mortgage Metrics report data compiled since the third quarter of 2016.
Office of the Comptroller of the Currency 2025-12-15
Office of the Comptroller of the Currency reports 97.4% of first-lien mortgages current in Q3 2025 and moves Mortgage Metrics Report to an interactive online format
The Office of the Comptroller of the Currency released its Mortgage Metrics Report for Q3 2025, noting 97.4% of first-lien mortgages were current and performing, consistent with the previous year. New foreclosures rose to 7,903, while completed modifications decreased by 2.7% from the prior quarter. The report, covering 10.5 million loans totaling USD 2.7 trillion, now features an interactive online version with improved search and data download capabilities.