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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A.G. Edwards, Wells Fargo Home Mortgage Form Joint Venture

12 September 2006

Collection Agency Expands Capabilities with Top Property Management Firms

12 September 2006

Franklin Credit Announces New $40 Million Warehouse Credit Facility

12 September 2006

Default Research Reports Florida and California Have Widespread Decline in Foreclosures

12 September 2006

Fannie-Freddie Unlikely to Regain Mortgage Dominance

12 September 2006

Official says Several Years Needed for Fannie, Freddie Reforms

12 September 2006

Franklin Credit Announces Debt Modifications

12 September 2006

Bankrate To Acquire Three Websites for $4.4 million

12 September 2006

Genpact to Acquire MoneyLine Lending Services

12 September 2006

Non-Profit to Call 994,001 Homeowners with Adjustable Rate Mortgages to Warn of Rate Shock

12 September 2006

New Joint Credit Score for Sale to Consumers; Lenders Slow to Adapt

12 September 2006

Washington Mutual to Sell $140 Billion Mortgage Servicing Operation to Wells Fargo

12 September 2006

California Defaults Increase Across the West

12 September 2006

ChoicePoint Acquires Insuratec, Expands Insurance Services Offerings

12 September 2006

Colorado Leads the Nation in the Number of Foreclosures

12 September 2006

FDIC: Housing to Take Back Seat in U.S. Economy

12 September 2006

Lawsuit Claims Bureaus? Practice Lowers Credit Score

12 September 2006

Foreclosures may jump as ARMs reset

12 September 2006

Ohio Banks Accused of Sending Bad Loans to FHA

12 September 2006

Fannie Mae Faces Huge Hurdle as OFHEO Report Nears

12 September 2006

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