In 2021, Black and Hispanic homeowners were most prone to have suspended payments, but by 2023 they were just as likely to have resumed them as other groups, a study found.

The overall number for late payments hasn’t looked this favorable since at least 1999, according to CoreLogic’s December report.

The two states' combined plans amount to over $1.5 billion of the Homeowner Assistance Fund included within the American Rescue Plan Act , which was passed a year ago.

An uptick in pandemic-related payment suspensions reflecting new or restarted plan activity previously occurred as the omicron variant spread, but activity has since subsided.

While the significant drop in suspended payments overall from the pandemic’s peak suggests many have recovered from related hardships, the uptick points to some new distress.

The number of loans with payments 90-plus days late but not in foreclosure has fallen below 1 million, but the total is still double pre-pandemic levels, according to Black Knight’s measure.

The Homeowner Assistance Fund was included in the American Rescue Plan Act passed last March and is intended to provide almost $10 billion in aid to homeowners.

Attacks directed at mobile usage are helping drive the increase, with almost 30% of related expenses coming through the channel.

Despite the rising number of COVID infections, investors made no moves that would apply downward pressure.

With $258 million coming from the Homeowner Assistance Fund, the state introduces its plan as federal restrictions prohibiting foreclosures come to an end.