The Office of the Comptroller of the Currency published its first quarter 2026 Mortgage Metrics Report on first-lien mortgages in the federal banking system, showing broadly stable performance. At March 31, 2026, 97.7 percent of mortgages in the report were current and performing, up slightly from 97.6 percent a year earlier, while the share of seriously delinquent mortgages was unchanged from the first quarter of 2025. Servicers initiated 7,818 new foreclosures in the quarter, an increase from the previous quarter but a decrease from a year earlier. They also completed 6,308 mortgage modifications, up 7.1 percent from 5,888 in the prior quarter. Of those modifications, 6,002, or 95.1 percent, were combination modifications that used multiple affordability and sustainability measures, such as an interest rate reduction and a term extension. The report covers about 10.2 million first-lien loans with USD 2.6 trillion in principal balances, representing about 19.1 percent of all U.S. residential mortgage debt outstanding.
Office of the Comptroller of the Currency2026-06-30
Office of the Comptroller of the Currency reports 97.7 percent of first lien mortgages were current in first quarter 2026
The Office of the Comptroller of the Currency reported that 97.7 percent of first-lien mortgages in its first quarter 2026 sample were current and performing, up slightly from a year earlier, while serious delinquencies were unchanged. Foreclosure starts rose from the previous quarter but fell year over year, and mortgage modifications increased to 6,308, with 95.1 percent structured as combination modifications.