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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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Number of Americans with Third Party Debt Collection Account Hits All-Time High

5 March 2013

Green Tree Credit Solutions Increases Collection Rate by 25 Percent Using Latitude Software

25 January 2013

Appeals Court Rules Foreclosures are "Debt Collection" Under FDCPA

16 January 2013

Mortgage Delinquency Rate to Stay High in 2013; Credit Card Delinquencies to Remain Low: TransUnion

12 December 2012

Consumer Loan Delinquencies and Charge-Offs Touch Fresh Lows, Except for Mortgages

26 November 2012

FTC and CFPB Team Up on Mortgage Advertising; Commence Enforcement Actions

20 November 2012

National Mortgage Loan Delinquency Rate Continues Downward Track in Third Quarter

14 November 2012

CFPB Spells Out Debt Collection Industry Larger Market Participants

24 October 2012

UPDATE: Location Announced for CFPB Field Hearing on Debt Collection

19 October 2012

Treasury: Fannie, Freddie Need Outside Help with Bad Loans

18 October 2012

FTC Announces $1.6 million Settlement with Equifax and its Credit Information Customers

11 October 2012

Getting Ready for 2013 - Asset Class Diversification

1 October 2012

Equifax Reports Significant Improvement in Delinquency Rates Across Multiple Sectors

24 August 2012

Tonetti: CFPB Supervision to Create 'Level Playing Field' for Credit Market Participants

13 August 2012

CFPB Proposes Rules for Mortgage Servicers

10 August 2012

National Mortgage Loan Delinquency Rates Continue To Drop, Down 9% in 2012

8 August 2012

CFPB Files its First Civil Enforcement Action

2 August 2012

New Patent Could Turn U.S. Debt Portfolio Market on its Ear

31 July 2012

Javlin Capital to Finance Guardian Capital’s Purchase of Non-performing Residential Mortgages and "REO"

30 July 2012

Consumer Delinquencies Continue Decline in First Quarter of 2012

3 July 2012

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