Recently, the OCC released two reports detailing mortgage and trading activity, respectively, in the federal banking system for the second quarter of 2025.

The OCC announced in its Mortgage Metrics Report that 97.5 percent of first-lien mortgages serviced by large national banks were current and performing at quarter-end, up from 97.3 percent one year ago. Seriously delinquent mortgages declined year-over-year, while servicers initiated 7,163 new foreclosures, which was a decrease from the previous quarter but an increase from the prior year. Servicers completed 8,419 loan modifications, with 94.6 percent of these involving multiple actions to improve loan affordability.

In its Quarterly Report on Bank Trading and Derivatives Activities, the OCC documented $16.6 billion in trading revenue for U.S. commercial banks and savings associations — a 10.7 percent increase from Q1. Derivative notional amounts rose 6.2 percent to $223.5 trillion, with interest rate products comprising 66.5 percent of the total. Four large banks accounted for 87.3 percent of total industry notional derivatives, and net current credit exposure from derivatives increased to $267 billion.