Since mortgages are the most secured of any loan type (a lender can foreclose on a house if the loan defaults), collection agencies generally don’t get much mortgage collection work. But there is one large exception: deficiency balances. If a lender approves the sale of a house for less than what is owed by the borrower, the difference is a deficiency balance. In the ongoing morass of the housing market, short sales are commonplace. Lenders will typically forgive deficiency balances. If they do not, that amount enters the ARM process and can find its way to debt collectors.
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Loan Modification and Delinquency Management Approaches that Build Loyalty
18 June 2009
Collections agency owner educates homeowners associations about changing industry
15 June 2009
RealtyTrac: May U.S. Foreclosure Activity Decreases 6% from April; Rises 18% From May 2008
11 June 2009
TransUnion.com 1Q09 Card Delinquency Rates Up 9 Percent from Previous Quarter
8 June 2009
Convergys Launches Loan Modification Solutions that Provide Mortgage Lenders with New Capabilities
8 June 2009
TransUnion.com: Mortgage Loan Delinquency Rates Rise for Ninth Straight Quarter, but at a Slower Pace
2 June 2009
Delinquencies and Foreclosures Continued to Climb in Q1: Mortgage Bankers Association
29 May 2009
Fifth Third Mortgage Company Refinances More Freddie Mac Loans
5 May 2009
WWR Partner Larry R. Rothenberg Recognized as a Top Real Estate Lawyer in Corporate Counsel Edition of Super Lawyers Magazine
29 April 2009
ClearPoint Credit Counseling Solutions and ByDesign Merge to Provide Foreclosure and Bankruptcy Assistance
28 April 2009
ABA Calls for Modifications to Mortgage Legislation in Testimony to Congress
23 April 2009
Foreclosure Activity Increases 9 Percent In First Quarter According To RealtyTrac
17 April 2009
Ocwen, Leading Subprime Mortgage Servicer, Begins Modifying Mortgages Under Government's New Program
13 April 2009
TransUnion and First American CoreLogic Introduce Greater Loan-Level Transparency Into Mortgage-backed Securities
13 April 2009
Servicers to Play Important Role in Toxic Asset Plan
2 April 2009
Consumer Delinquencies Continue Rising as Recession Intensifies in Fourth Quarter: ABA
2 April 2009
Executive Change: NewOak Capital Appoints Sam Warren Director of RMBS Structuring Solutions
31 March 2009
New Approach Needed for Mortgage Industry to Reach Struggling Homeowners Quickly
25 March 2009
National Auto Loan Delinquency Rates Increase 7 Percent To Close 2008: TransUnion
17 March 2009
Foreclosure Activity Increases 6 Percent in February According to Realtytrac
12 March 2009