Other delinquency data included a drop in the value of loans that are between 30 days and 90 days delinquent, the seventh-consecutive quarterly drop and the lowest level since the fall of 2007. In 2010, banks reported nearly $100 billion in those delinquencies, and now they have $70 billion.
Also, banks reported $102 billion in principal balance for delinquencies of more than 90 days, a 2.6 percent decrease from the previous quarter and 3.5 decrease from 2010.
Overall, delinquencies still add up to more than $172 billion in non-accrual mortgages, along with $12 billion in previously foreclosed property. Banks held $25 billion in non-accrual mortgages before the crisis at the end of 2006.