When will the loan status change to performing?

Borrowers must make 3 consecutive monthly payments before the loan is categorized from “non-performing” to “performing.” Loans are automatically updated on a monthly basis according to the payment history on the loan. Loans that miss two consecutive payments get switched to “non-performing” and loans that make 3 consecutive payments get switched to “performing.” If you loan was on another program, you must send in a request to have your loan switched to the “performing” loan program if the borrower is performing on the loan.

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