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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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Varolii Introduces New Solution to Manage Single Point of Contact Requirements for Mortgage Providers

20 July 2011

JP Morgan Chase Profits Rise 13 Percent

14 July 2011

Florida Scam Artists (and a friend in Pittsburgh) Defraud Seniors in Reverse Mortgage Game

12 July 2011

Texas Court Upholds FDCPA Claim Against Collection Agency

6 July 2011

New White Paper on Hiring Top Collector Talent

24 June 2011

S&P/Experian Credit Default Indices Show Decreases in Default Rates in May

22 June 2011

TransUnion Selected by BlackRock Solutions as Data Provider for Borrower Level Analysis

21 June 2011

A Foreclosure Case With Far-Reaching Repercussions for the ARM Industry

26 May 2011

Pay Attention to Changes in Hierarchy of Debt Payments

19 May 2011

TransUnion: National Mortgage Loan Delinquencies Continue to Improve in First Quarter of 2011

16 May 2011

Banks Offer $5 billion to Settle Robo-Signing Probe: Wall Street Journal

11 May 2011

When Suze Orman Told Me to Abandon My Mortgage

10 May 2011

FTC Panel 4: That Time My Mind Was Blown or Is Email Considered Mail?

28 April 2011

Global Debt Registry Responds to CBS 60-Minutes Segment on the Failure of Documentation in Mortgage Backed Securities

8 April 2011

Your Ad Here: Marketing in the age of desperate people

7 April 2011

EVPH Completes First Debt Buying Transaction With National Servicing Corporation

31 March 2011

Tracking Down Strategic Defaulters to Collect the Second Mortgage Lien

29 March 2011

Wells Fargo Loses Mortgage Discrimination Case

24 March 2011

S&P/Experian Credit Default Indices Show Drop in First Mortgage, Credit Card Defaults

16 March 2011

TransUnion: Improvement in National Mortgage Loan Delinquencies Slows During Final Quarter of 2010

17 February 2011

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