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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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CFPB Files its First Civil Enforcement Action

2 August 2012

New Patent Could Turn U.S. Debt Portfolio Market on its Ear

31 July 2012

Javlin Capital to Finance Guardian Capital’s Purchase of Non-performing Residential Mortgages and "REO"

30 July 2012

Consumer Delinquencies Continue Decline in First Quarter of 2012

3 July 2012

Six in 10 Mortgage Loan Modifications Go Delinquent in 18 Months, But Mod Consumers more Reliable

21 June 2012

Mike Ginsberg's Musings: Student Loans and Mortgages Take the Reins

8 June 2012

Mortgages, Student Loans Temper Plunging Consumer Credit Delinquencies

23 May 2012

Who's to Blame for Federal Student Loan Defaults?

10 May 2012

Mortgage Loan Delinquency Rates Hit Lowest Level Since 2009

9 May 2012

TransUnion Payment Hierarchy Study Finds Consumers Paying Auto Loans before Credit Cards and Mortgages

30 March 2012

Illinois Attorney General Turns the Heat Up on Reverse Mortgage Abuses

21 February 2012

Increase in National Mortgage Loan Delinquencies "Not Welcome News"

14 February 2012

Mortgage Delinquencies to Rise, and Then Fall in 2012; Credit Card Delinquencies to Remain Steady

8 December 2011

insideARM.com Publishes Debt Settlement White Paper

10 November 2011

TransUnion: National Mortgage Loan Delinquencies Increase for First Time Since 2009

8 November 2011

Total Outstanding Consumer Debt Now Nearly Equivalent to Pre-Recession Levels

3 November 2011

Collection Agency Launches Timeshare Operators Educational Series

1 November 2011

Ocwen Expands Assistance to Spanish-Speaking Homeowners

19 October 2011

FICO and CoreLogic to Develop New Credit Risk Scoring Solutions

11 October 2011

U.S. Gov't Readying Billion-Dollar Suits Against Big Banks

2 September 2011

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