Not every non-performing note remains non-performing permanently. Some return to stability. This process is commonly referred to as re-performance, though the term itself can create...

Non-performance is often treated as a simple event. A borrower stops paying. The note becomes non-performing. The situation is now a problem. In practice, non-performance is...

Default rarely arrives without warning. Most notes move toward failure gradually, through a sequence of small deteriorations that appear manageable until they begin...