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.
Filter by Location
Delinquencies on Credit Cards Flat in Q4; Auto and Home Equity Arrears Rise
29 March 2007
Equifax Mortgage Solutions Announces Acquisitions and Expanded Product Offering
28 March 2007
ISGN Acquires Assets from Fair Isaac's Mortgage Banking Unit
26 March 2007
Wells Fargo Claims No. 1 Position as Nation's Retail Mortgage Lender and Servicer
22 March 2007
Citigroup Buys $676 million Fannie Mae LIHTC Portfolio
19 March 2007
National Association of Realtors Calls for FHA Changes
16 March 2007
Community Group Urges Lending Reform
16 March 2007
Subprime Lender Accredited to Sell $2.7 billion in Loans
16 March 2007
Government May Punish Subprime Lenders
15 March 2007
Government May Punish Subprime Lenders
15 March 2007
Government May Punish Subprime Lenders
15 March 2007
Subprime Loan Worries Hammer Stocks Tuesday; Delinquency Rate Near 5%
14 March 2007
Austin Logistics Adds Mortgage and Auto Finance Sessions to Annual Conference
13 March 2007
Government Urges Caution on Subprime Rates
5 March 2007
Creative Mortgage Lending Introduces Nonprime Standalone Second Program
2 March 2007
Freddie Mac Announces Tougher Subprime Lending Standards
27 February 2007
Mortgage Market Shifts to Snub Bad Credit Applicants
26 February 2007
FDIC says Late Mortgage Payments, Bank Profits up in Q4
23 February 2007
End-to-End Electronic Mortgages Still Years Away
22 February 2007
TrainingPro Mortgage Education Approved in Maine
16 February 2007
Copyright Auriemma Roundtables, Inc. All rights reserved.
![[Image by creator from ]](/media/images/Finvi_Tech_Trends_Whitepaper.max-80x80.png)
![[Image by creator from ]](/media/images/Collections_Staffing_Full_Cover_Thumbnail.max-80x80.jpg)
![Report cover reads One Conversation Multiple Channels AI-powered Multichannel Outreach from Skit.ai [Image by creator from ]](/media/images/Skit.ai_Landing_Page__Whitepaper_.max-80x80.png)
![[Image by creator from ]](/media/images/paper-collections_triggers_1_1.max-80x80.png){kind=small}
![Report cover reads Bad Debt Rising New ebook Finvi [Image by creator from ]](/media/images/Finvi_Bad_Debt_Rising_WP.max-80x80.png)
![Report cover reads Seizing the Opportunity in Uncertain Times: The Third-Party Collections Industry in 2023 by TransUnion, prepared by datos insights [Image by creator from ]](/media/images/TU_Survey_Report_12-23_Cover.max-80x80.png)
![[Image by creator from ]](/media/images/Skit_Banner_.max-80x80.jpg)
![Webinar graphic reads Help Wanted: Predictive, Collaborative and Intelligent Contact Data April 25 at 3pm et by TransUnion [Image by creator from ]](/media/images/Web_replay_Landing_Page.max-80x80.png){kind=small}
![Webinar graphic reads Multi-Channel AI: Improve Contacts & Increase Revenue Compliantly April 4 at 2pm et [Image by creator from ]](/media/images/Skit.ai_InsideARM_Landing_Page_1200x627.max-80x80.png){kind=small}
![Streamline Your Collections Process with Voice AI [Image by creator from ]](/media/images/Streamline_Your_Collections_Process_with_Voice.max-80x80.png){kind=small}
![How to Connect with Today’s Digital Consumer [Image by creator Editor from insideARM]](/media/images/finvi_webinar_thumbnail.max-80x80.png){kind=small}
![Customizable or Configurable? Webinar [Image by creator Editor from insideARM]](/media/images/Landing_Page_2.max-80x80.png){kind=small}
![How to Launch an Omnichannel Collection Strategy [Image by creator Neustar from insideARM]](/media/images/omnichannel-webinar.max-80x80.png){kind=small}
![Breaking Down the CFPB's Opinion on Convenience Fees [Image by creator Editor from insideARM]](/media/images/2022-11-convieniance-fees-webinar.max-80x80.png){kind=small}