The Office of the Comptroller of the Currency released its Mortgage Metrics Report for the second quarter of 2025, showing a slight improvement in the share of first-lien mortgages in the federal banking system that were current and performing. At quarter-end, 97.5 percent of mortgages covered by the report were current, up from 97.3 percent a year earlier, while the share of seriously delinquent mortgages declined from the second quarter of 2024. Servicers initiated 7,163 new foreclosures, down from the previous quarter but higher than a year earlier. They completed 8,419 modifications, up 6.7 percent from 7,889 in the prior quarter, with 94.6 percent classified as “combination modifications” that used multiple affordability and sustainability actions such as an interest rate reduction and a term extension. The quarterly dataset covers about 10.8 million loans with USD 2.7 trillion in principal balances, representing 20.0 percent of total US residential mortgage debt outstanding, and reflects performance through June 30, 2025.
Office of the Comptroller of the Currency 2025-09-24
Office of the Comptroller of the Currency reports second-quarter 2025 mortgage performance with 97.5 percent of loans current
The Office of the Comptroller of the Currency's Mortgage Metrics Report for Q2 2025 shows a slight improvement in first-lien mortgage performance, with 97.5% current, up from 97.3% a year earlier. New foreclosures decreased from the previous quarter, while completed modifications rose by 6.7%, mostly "combination modifications." The report covers 10.8 million loans totaling USD 2.7 trillion, representing 20% of US residential mortgage debt.