WASHINGTON— The Office of the Comptroller of the Currency (OCC) has released its OCC Mortgage Metrics Report, Second Quarter 2025, which shows that 97.5% of mortgages included in the report were current and performing at the end of the quarter, an increase from 97.3% one year earlier.
According to the report, the percentage of seriously delinquent mortgages—those 60 or more days past due, including all mortgages held by bankrupt borrowers whose payments are 30 or more days past due—decreased from the second quarter of 2024.
Additional Findings
The report further reveals:
• Servicers initiated 7,163 new foreclosures in the second quarter of 2025, showing a decrease from the previous quarter and an increase from a year earlier.
• Servicers completed 8,419 modifications during the second quarter of 2025, a 6.7% increase from the previous quarter’s 7,889 modifications. Of these 8,419 modifications, 7,968, or 94.6%, were “combination modifications” — modifications that included multiple actions affecting the affordability and sustainability of the loan, such as an interest rate reduction and a term extension.
• The first-lien mortgages included in the OCC’s quarterly report comprise 20% of all residential mortgage debt outstanding in the United States, or approximately 10.8 million loans totaling $2.7 trillion in principal balances.
This report provides information on mortgage performance through June 30, 2025, and is available on the OCC’s website..
