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.

See all Topics

Filter by Location

Alabama Alaska American Samoa Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Northern Mariana Islands Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas United States Virgin Islands Utah Vermont Virginia Washington Washington D.C. West Virginia Wisconsin Wyoming

FTC Hands Down Advisory Opinion for Mortgage Collectors

26 March 2008

PR - DebtX To Sell $380 Million In Commercial Real Estate Loans

25 March 2008

Economic Data Piling On in Favor of Recession

7 March 2008

GMAC Posts $2.3 Billion Loss, Hires Collectors

6 February 2008

Mortgage Collector Growing as Market Troubles Surge

4 February 2008

MGIC, Sherman Stakeholder, Warns of Fourth Quarter Loss

25 January 2008

Subprime Loans Rock Orlando as Bankruptcy Filings Rise 96%

11 January 2008

Debt Resolve Applies its Model to Mortgages, Travels Overseas

3 January 2008

American Home Plans Loan Sale as Home Prices Fall

27 December 2007

Debt Resolve Borrows to Create Subprime Mortgage Workout Product

19 December 2007

Many Foreclosures Driven by Investors, Speculators: Investigation

17 December 2007

Foreclosures Keep Rising as Bush Preps Plan

6 December 2007

Mortgage on Plastic, Dangerous Path to Tread

4 December 2007

Feds, Banks Working on Subprime Rate Freeze Pact

30 November 2007

Mortgage Foreclosure Waves Battering Economy: Mayors? Group

27 November 2007

Outlook Remains Bleak for Housing Lenders

15 November 2007

Housing Decline to Continue: Fed Governor

8 November 2007

Ocwen Sees Revenue Pop from Nationwide Credit

7 November 2007

Bankruptcy Filings Rise as Congress Mulls Mortgage Reform

6 November 2007

Home Equity Delinquencies, Foreclosures Climb in August

29 October 2007

About

News RSS Feed



Copyright Auriemma Roundtables, Inc. All rights reserved.