OCC Reports Mortgage Performance for Fourth Quarter of 2022 — 2023-03-31

WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported a slight decline in the performance of first-lien mortgages in the federal banking system during the fourth quarter of 2022 compared to the previous quarter. The OCC Mortgage Metrics Report, Fourth Quarter 2022 showed that 97.1 percent of mortgages included in the report were current and performing at the end of the quarter, compared with 97.2 percent in the third quarter. There was an improvement compared to fourth quarter 2021 when 96.4 percent of mortgages were current and performing. 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 – was 1.3 percent in the fourth quarter of 2022, the same as the previous quarter, compared to 2.3 percent a year ago.