Collections & Credit Risk

Other Consumer

• Obama Pushes Plan To Help Homeowners Refinance

  Collections & Credit Risk | February 2, 2012

  President Obama will ask Congress for legislation to help homeowners refinance into lower-rate loans, even with limited documentation, a plan he said could reduce annual home loan payments by an estimated $3,000 for the average household.

• Prepaid Phone Card Marketers Agree To $2.32M Settlement

  Collections & Credit Risk | February 2, 2012

  An operation that marketed prepaid calling cards to immigrants will pay $2.32 million as part of a settlement to resolve charges that they made false claims to consumers about the number of minutes of talk time the calling cards would deliver.

• Six Firms Sued For Unlicensed Collection Work, Foreclosure Processing

  Collections & Credit Risk | February 1, 2012

  Six companies allegedly processing home foreclosures in Nevada and engaging in unlicensed collection activities are being sued by attorneys Nicholas Boylan and Shawn Christopher.

• Foreclosure Properties Fall To 20% Of U.S. Home Purchases

  Collections & Credit Risk | January 26, 2012

  Foreclosure properties fell to 20% of U.S. home purchases in the third quarter ended Sept. 30 as ongoing legal scrutiny of property seizures cut the number of deals.

• FICO Releases Mortgage Delinquency Predictions

  Collections & Credit Risk | January 25, 2012

  Mortgage and home equity lines of credit delinquencies are predicted to rise, according to bank risk executives polled by the Professional Risk Managers' International Association, in a survey sponsored by FICO.

• Iowa AG: No Deal On Mortgage Settlement 'Yet'

  Collections & Credit Risk | January 24, 2012

  The state attorney general leading settlement talks with the country's top mortgage servicers batted down speculation Monday that a deal had been reached.