RCONF699: Outstanding Principal Balance of Assets Serviced for Others Including Participations Serviced for Others: 1-4 Family Residential Mortgage Serviced for Others That Are in the Process of Foreclosure at Quarter-end (Includes Closed-end and Open-end Loans)
RCONF699 is the call report code for outstanding principal balance of assets serviced for others including participations serviced for others: 1-4 family residential mortgage serviced for others that are in the process of foreclosure at quarter-end (includes closed-end and open-end loans), reported on Schedule RC-S, Servicing, Securitization, and Asset Sale Activities. For Q2 2026, 935 banks reported it, totaling $1.23B; the median among the 130 with a nonzero amount was $1.1M. The largest value reported for Q2 2026 was $359.2M, by Western Alliance Bank.
Definition
Total unpaid principal balance of loans secured by 1-4 family residential properties* serviced for others for which formal foreclosure proceedings to seize the real estate collateral have started and are ongoing as of quarter-end, regardless of the date the foreclosure procedure was initiated. Loans should be classified as in process of foreclosure according to the investor's or local requirements. Include loans where the servicing has been suspended in accordance with any of the investor's foreclosure requirements. If a loan is already in process of foreclosure and the mortgagor files a bankruptcy petition, the loan should continue to be reported as in process of foreclosure until the bankruptcy is resolved. Exclude loans where the foreclosure process has been completed to the extent that (a) the investor has acquired title to the real estate, an entitling certificate, title subject to redemption, or title awaiting transfer to the Federal Housing Administration or the Veterans Administration or (b) the bank reports the real estate as 'Other real estate owned'. This item should include both closed-end and open-end 1-4 family residential mortgage loans that are in process of foreclosure.
Source: Federal Reserve Micro Data Reference Manual (MDRM). The FFIEC call report instructions remain the authority on how to report the item.
Where RCONF699 sits on the call report
| Code | RCONF699 (prefix RCON, item F699) |
|---|---|
| Prefix RCON | Domestic offices. Banks without foreign offices (FFIEC 041 and 051 filers) report their whole balance sheet in RCON items. |
| Schedule | RC-S, Servicing, Securitization, and Asset Sale Activities |
| Reported on | FFIEC 041 |
| Value | Dollar amount, reported in thousands, as of the quarter end |
| In the MDRM since | 2008 |
The same item under other prefixes
Item F699 is also reported under these codes. Which banks file each one depends on the form they file.
| Code | Meaning of the prefix | Banks reporting |
|---|---|---|
| RCFDF699 | The consolidated bank, domestic and foreign offices, reported by FFIEC 031 filers (banks with foreign offices) | 80 |
Largest reported values, Q2 2026
| Bank | Headquarters | RCONF699 |
|---|---|---|
| Western Alliance Bank | Phoenix, AZ | $359.2M |
| Cornerstone Capital Bank, SSB | Houston, TX | $262.3M |
| University Bank | Ann Arbor, MI | $75.7M |
| Gateway First Bank | Jenks, OK | $66.5M |
| BOKF, N.A. | Tulsa, OK | $46.6M |
| Barrington Bank & Trust Company, N.A. | Barrington, IL | $44.9M |
| MidFirst Bank | Oklahoma City, OK | $33.4M |
| Arvest Bank | Fayetteville, AR | $28.2M |
| First Federal Bank | Lake City, FL | $27.6M |
| First United Bank and Trust Company | Durant, OK | $25.1M |
Total reported by quarter
| Quarter end | Banks reporting | Total reported |
|---|---|---|
| June 30, 2026 | 935 | $1.23B |
| March 31, 2026 | 946 | $1.15B |
| December 31, 2025 | 987 | $1.00B |
| September 30, 2025 | 997 | $1.01B |
| June 30, 2025 | 1,015 | $897.8M |
| March 31, 2025 | 1,030 | $826.6M |
| December 31, 2024 | 1,053 | $672.5M |
| September 30, 2024 | 1,057 | $620.1M |
Related
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