The US Office of the Comptroller of the Currency reported that 97.7% of first-lien mortgages in the federal banking system were current and performing at the end of the second quarter of 2026, up from 97.5% a year earlier. The share of seriously delinquent mortgages also declined from the second quarter of 2025, although servicers initiated 7,904 foreclosures, an increase from both the previous quarter and a year earlier. Servicers completed 7,349 loan modifications, up 16.5% from 6,308 in the previous quarter. Combination modifications involving multiple measures to improve loan affordability and sustainability accounted for 96.7% of the total. The report covers about 10.1 million loans with USD 2.6 trillion in principal balances, representing approximately 18.8% of outstanding US residential mortgage debt.
2026-09-23Office of the Comptroller of the Currency
US Office of the Comptroller of the Currency reports mortgage performance improved to 97.7% in the second quarter of 2026
The US Office of the Comptroller of the Currency reported that 97.7% of covered mortgages were current and performing at the end of the second quarter of 2026, while serious delinquencies declined year over year. Foreclosure initiations increased, and completed loan modifications rose 16.5% from the previous quarter to 7,349.