Loan Status
Loan Status
Encyclopedia terms, articles, and lessons about loan status.
Lessons
Articles
February 1, 2026
ArticleWhat Is Mortgage Note Investing?
A complete introduction to buying and selling mortgage notes in the secondary market — how it works, who's involved, and why investors are drawn to this asset class.
November 27, 2025 · Ep. 8
PodcastWhy Default is an Opportunity
If you’re avoiding non-performing loans out of fear, you’re likely missing the most profitable part of the mortgage note business.
November 11, 2025 · Ep. 3
PodcastPerforming vs Non-Performing Notes
Which is better: steady cash flow or steep discounts? In this episode, we compare performing and non-performing mortgage notes — breaking down the pros, cons, and strategic plays behind each.
Encyclopedia Terms
Liquidation
The sale of an asset to generate funds.
Liquidity
The relative speed of converting an asset to cash, notes are typically a less liquid asset than other more commonly traded.
Performing Loan
A performing loan is a mortgage note where the borrower is making regular payments as agreed. Performing notes trade at smaller discounts than NPLs and offer investors a predictable cash flow stream backed by real estate collateral.
Re-Performing Loan
A re-performing loan (RPL) is a mortgage that was previously non-performing but has resumed regular payments, typically after a loan modification or workout. RPLs trade at prices between NPLs and performing loans, reflecting both the restored cash flow and the elevated risk of re-default.
Re-Performing Note
A note that was previously in default but is now performing, traded at a discount based on yield.