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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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Foreclosure Activity Decreases 9 Percent In April According To Realtytrac

13 May 2010

National Mortgage Delinquencies Fall 1.74 Percent in Q1: TransUnion

10 May 2010

New Consumer Credit Default Index to Standardize Late Payment Data

5 May 2010

Sherman Financial Buys Remaining Stake in Itself for $172 million

4 May 2010

Veda Advantage: Australian Consumer Credit Demand Down, Mortgages Down 15%

28 April 2010

Foreclosure Activity Increases 7 Percent In First Quarter According To Realtytrac

15 April 2010

NCCI at Forefront of Two New Government Programs to Assist Troubled Borrowers

12 April 2010

Citi Expands Efforts to Keep Families in Their Homes With Commitment to Second-Lien Program

25 March 2010

RealtyTrac February 2010 Foreclosure Market Report

10 March 2010

Mortgage Servicer Ocwen Recommends Improvements to HAMP Program That Could Help More Distressed Homeowners

4 March 2010

DebtX to Sell $105.5 Million Portfolio

2 March 2010

Rising Strategic Mortgage Defaults Broadly Impacting Debt Collection Industry

18 February 2010

TransUnion: National Mortgage Delinquencies Jumped 10.24 Percent in 4Q

16 February 2010

Foreclosure Activity Up 15 Percent From January 2009; Down 10 Percent From December

11 February 2010

TransUnion Study Finds More Consumers Making Payments on Their Credit Cards Before Their Mortgages

3 February 2010

Veda Advantage Credit Demand Index - October to December 2009

2 February 2010

Las Vegas, Cape Coral, Metro Foreclosure Rates Highest Among Major Metro Areas in 2009

27 January 2010

RealityTrac Year-Emd report Shows Record 2.8 Million U.S. Properties with Foreclosure Filings in 2009

14 January 2010

Movement Underway to Shift Money from Large Banks to Community Banks

13 January 2010

The Fed?s Culpability in Financial Crisis ? Washington Post

23 December 2009

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