Mortgage Debt News RSS Feed

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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TransUnion's TrueCredit.com Gauges American Sentiment on Mortgages

22 May 2007

Sector-Specific Trends Impacting Credit Card ARM: Mortgage

22 May 2007

First American CREDCO Partners With CreditXpert

21 May 2007

Fed: Banks Tightening Subprime Loan Standards

15 May 2007

PNC to Acquire ARCS Commercial Mortgage

10 May 2007

Pressure at Mortgage Firm Led to Mass Approval of Bad Loans

7 May 2007

Wells Fargo Financial Settles Subprime Mortgage Lawsuit

27 April 2007

Freddie Mac Analysis Reveals Causes of Mortgage Delinquency

25 April 2007

GMAC, GE Will Cut 1,400 Job Cuts on Subprime Decline

20 April 2007

Freddie Mac Announces $20 billion Subprime Commitment

19 April 2007

GE Beefs up Financial Collections Unit; Hires 700 Collectors

16 April 2007

Consumer Groups Call for Bankruptcy Reform Amid Subprime Meltdown

13 April 2007

Citigroup and Bank of America to Aid Subprime Victims

12 April 2007

U.S. House Committee to Hold Subprime Hearing

9 April 2007

Austin Logistics Provides Risk Mitigation for Beleaguered Mortgage Lenders

3 April 2007

Subprime Lender New Century Files for Bankruptcy; Sells Billing and Collection Unit

3 April 2007

Executive Change: John Kunysz to Kadent

2 April 2007

Credit Suisse Unit Sues Subprime Mortgage Lender

2 April 2007

Fed Says Subprime Mortgage Problem "Contained"

29 March 2007

Debt Resolve Launches Subprime Mortgage and Auto Loan Collections Tool

29 March 2007

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