The performance of first-lien mortgages in the federal banking system during Q4 of 2025 was reported by the Office of the Comptroller of the Currency (OCC). Some 97.5% of the mortgages covered in the OCC Mortgage Metrics Report, Fourth Quarter 2025, were current and performing at the conclusion of the quarter, up slightly from 97.4% in 2024.
The first-lien mortgages included in the OCC’s quarterly report account for over 10.3 million loans with principal balances of $2.6 trillion, or 19.2% of all outstanding residential mortgage debt in the US. A percentage of the nation’s first-lien residential mortgages are represented by the data in this report. The features of the loans listed here might be different from those of the general population. The included loans are not a random sample that is statistically representative.
The share of mortgages that are 60 days or more past due, as well as all mortgages held by bankrupt borrowers whose payments are 30 days or more past due, that are considered significantly delinquent did not change from Q4 of 2024.
In Q4 of 2025, servicers started 7,519 new foreclosures, which was higher than a year earlier and lower than the preceding quarter. further, in Q4 of 2025, servicers finished 5,888 modifications, a 39% drop from 8,190 modifications in the previous quarter.
Due to improvements in secondary market investor loss mitigation programs, the data in this report shows a decrease in mortgage modifications for the fourth quarter of 2025. 5,565, or 94.5%, of these 5,888 changes were “combination modifications,” which contained several actions that affected the loan’s affordability and sustainability, such a term extension and an interest rate drop.
The first-lien mortgages included in the OCC’s quarterly report account for over 10.3 million loans with principal sums of $2.6 trillion, or 19.2% of all outstanding residential mortgage debt in the U.S.
To read the full report, with more charts, data, and methodology, click here.
