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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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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

CGI Launches Loan Modification Service for Banks

11 March 2009

Cramdown Rules to Hit Unsecured Creditors, Depending on Language

9 March 2009

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