Troutman Sanders

MAY 9, 2023

On May 2, the Federal Housing Administration published Mortgagee Letter 2023-09 to implement provisions of the Adjustable-Rate Mortgages (ARM): Transitioning from LIBOR to Alternative Indices final rule. For more information about the White House’s blog post, click here. Most consumers are expected to receive between $29 and $30.

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Financial services Student loans Student Loans Loans 52

Nexa Collect

DECEMBER 12, 2021

DeFi refers to Decentralized Finance; peer-to-peer financial services on a public decentralized blockchain network, particularly Ethereum. A system that interacts buyers, sellers, borrowers, or lenders with peer-to-peer technology to access financial products or financial services bypassing middlemen such as financial institutions.

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Fico Collections

APRIL 19, 2023

It was 18 percent higher in 2018. It was 66 percent higher in February 2018. In comparison, the average Established cards balances at risk was 47 percent higher than all vintages in 2018. The percentage of Established UK credit card accounts with two missed payments is more than 83 percent higher than all account vintages.

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Financial services Collections Loans 52

Fico Collections

SEPTEMBER 7, 2022

With as much as 50% of consumers experiencing financial difficulty soon, it's time to review your early and pre-collections strategy and processes. Wed, 09/07/2022 - 09:50. Under pre-2018 accounting regimes, defaults were only reported as they happened. FICO Admin. Tue, 07/02/2019 - 02:45. by Bruce Curry.

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