STI 2018 Annual Report

Notes to Consolidated Financial Statements, continued 112 NPAs are presented in the following table: (Dollars in millions) December 31, 2018 December 31, 2017 NPAs: Commercial NPLs: C&I $157 $215 CRE 2 24 Commercial construction — 1 Consumer NPLs: Residential mortgages - nonguaranteed 204 206 Residential home equity products 138 203 Residential construction 11 11 Other direct 7 7 Indirect 7 7 Total nonaccrual loans/NPLs 1 526 674 OREO 2 54 57 Other repossessed assets 9 10 Total NPAs $589 $741 1 Nonaccruing restructured loans are included in total nonaccrual loans/NPLs. 2 Does not include foreclosed real estate related to loans insured by the FHA or guaranteed by the VA. Proceeds due from the FHA and the VA are recorded as a receivable in Other assets in the Consolidated Balance Sheets until the property is conveyed and the funds are received. The receivable related to proceeds due from the FHA and the VA totaled $50 million and $45 million at December 31, 2018 and 2017, respectively. The Company's recorded investment of nonaccruing loans secured by residential real estate properties for which formal foreclosure proceedings were in process at December 31, 2018 and 2017 was $93 million and $73 million, respectively. The Company's recorded investment of accruing loans secured by residential real estate properties for which formal foreclosure proceedings were in process at December 31, 2018 and 2017 was $110 million and $101 million, of which $103 million and $97 million were insured by the FHA or guaranteed by the VA, respectively. At December 31, 2018, OREO included $50 million of foreclosed residential real estate properties and $2 million of foreclosed commercial real estate properties, with the remaining $2 million related to land. At December 31, 2017, OREO included $51 million of foreclosed residential real estate properties and $4 million of foreclosed commercial real estate properties, with the remaining $2 million related to land.