Mortgages performed better in the third quarter than a year ago but quality has tapered off since the second quarter, the Office of the Comptroller of the Currency said Friday.

Among more than $5 trillion in mortgages outstanding at the largest banks, 88.6% were current and performing in the third quarter, according to the OCC Mortgage Metrics Report. That's up from 88% a year ago but down one basis point since the second quarter due to an increase in early-stage delinquencies. The percent of mortgages that are 30 to 59 days past due jumped more than 10% from the previous quarter and 3.6% from a year earlier.

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