Foreclosures of first mortgages inched up in the second quarter of this year, with higher levels than the previous quarter and higher than the same number one year ago, the national bank regulator said Wednesday.
In its Mortgage Metrics Report, Second Quarter 2026, the Office of the Comptroller of the Currency (OCC) said there were 7,904 newly initiated foreclosures in the second quarter of 2026. There were 7,818 in the first quarter – and 7,163 in the second quarter of 2025. The 2Q25 was the third straight quarter that new foreclosures increased, the OCC report showed, with 7,519 in 4Q25.
However, the newly initiated foreclosures have been relatively stable in numbers since 1Q24, hovering between 7,000-8,000. That is, except for the first quarter of 2025, when 10,667 foreclosures were initiated.
Other key points made in the report included:
- The percentage of 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 (seriously delinquent mortgages) decreased from the second quarter of 2025, to 0.9% of all mortgages (from 1.0%).
- The percentage of mortgages that were current and performing at the end of the quarter was 97.7%, slightly up from the same quarter a year earlier (which was 97.5%).
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