In March 2026, the Office of the Comptroller of the Currency (OCC) released its Mortgage Metrics Report for the 4th Quarter of 2025. This quarterly report compiles data on 1st lien residential mortgage loans serviced by seven national banks that maintain large mortgage servicing portfolios. Key excerpts and relevant charts from the Report are provided below:
"The percentage of seriously delinquent mortgages – mortgages that are 60 or more days past due and all mortgages held by bankrupt borrowers whose payments are 30 or more days past due – remained unchanged from the fourth quarter of 2024.
Servicers initiated 7,519 new foreclosures in the fourth quarter of 2025 showing a decrease from the previous quarter and an increase from a year earlier.
Servicers completed 5,888 modifications during the fourth quarter of 2025, a 39 percent decrease from the previous quarter’s 8,190 modifications. The data in this report reflects a decline in mortgage modifications for the fourth quarter of 2025 attributed to changes in secondary market investor loss mitigation programs.
Of these 5,888 modifications, 5,565, or 94.5 percent, 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."