The number of single-family loans that were previously non-performing but are now paying has climbed this year. A majority of the total have been paying for more than two years.
As of July 2018, there were 1.84 million residential loans with a collective unpaid balance of $306 billion that had been at least 120 days past due at some point but were now current.
America’s book of reperforming mortgages expanded versus at the start of the year, with the inventory growing by 30,000 units during that period.
Source: Mortgage Daily