The Office of the Comptroller of the Currency published its Mortgage Metrics Report for the fourth quarter of 2025 on first-lien mortgages in the federal banking system, showing overall performance remained strong with 97.5% of mortgages current and performing at quarter-end, up slightly from 97.4% a year earlier. The share of seriously delinquent mortgages was unchanged from the fourth quarter of 2024. Servicers initiated 7,519 new foreclosures in the quarter, down from the previous quarter but higher than a year earlier. Modification activity fell to 5,888 completed modifications, a 39% decrease from 8,190 in the prior quarter, which the report attributes to changes in secondary market investor loss mitigation programs; 94.5% of modifications were combination modifications. The dataset covers about 10.3 million loans with USD 2.6 trillion in principal balances, representing approximately 19.2% of US residential mortgage debt outstanding, with performance reported through 31 December 2025.
Office of the Comptroller of the Currency 2026-03-30
Office of the Comptroller of the Currency reports 97.5% of first-lien mortgages current and a 39% drop in modifications in fourth quarter 2025
The Office of the Comptroller of the Currency’s fourth-quarter 2025 Mortgage Metrics Report shows first-lien mortgage performance remained strong, with 97.5% current and performing and serious delinquencies unchanged year over year. Servicers initiated 7,519 new foreclosures, down quarter-on-quarter but above year-earlier levels, while completed loan modifications fell 39% to 5,888, largely due to changes in secondary market investor loss mitigation programs. The report covers about 10.3 million loans with USD 2.6 trillion in principal balances, representing 19.2% of US residential mortgage debt.