Mortgage performance improves, while foreclosure starts also rise

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Linked story

Research cutoff: September 27, 2026 · 9:05 AM MDT. Stories show source dates; deep dives show publication dates and link to dated evidence.

Credit & fraudRegulatory dataReleased Sep 23, 2026 · Q2 data

Mortgage performance improves, while foreclosure starts also rise

The OCC’s second-quarter report found 97.7% of covered first-lien mortgages current and performing, versus 97.5% a year earlier. Servicers initiated 7,904 foreclosures, up both sequentially and year over year.

Why it matters

Analysis

Analysis: a stock measure and an activity flow can move in opposite directions. Examine transitions, cures, modifications and the timing of foreclosure actions before assigning one direction to household credit. A better aggregate performing share can coexist with concentrated distress.

What remains uncertain

The report covers performance through June 30, not September. Its roughly 10.1 million loans represent about 18.8% of U.S. residential mortgage debt; it is not a census of all mortgages or unsecured borrowers.

Sources

OCC — second-quarter mortgage performance, September 23

Added Sep 27OCC — second-quarter mortgage performance, September 23

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Checked Sep 27, 9:05 AM MDT

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Monitor

Analysis: compare household sentiment with actual spending and payment trends, then assess the next income, inflation and employment releases. Sources: the consumer-sentiment story and BEA/BLS releases linked in the feed and calendar.

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Analysis based on public information.

Daily newsfeed

Mortgage performance improves, while foreclosure starts also rise

Analysis

What remains uncertain

Sources