Troutman Sanders

AUGUST 18, 2020

Fannie Mae and Freddie Mac provided temporary guidance to lenders due to COVID-19 on various topics related to servicing mortgage loans. Fannie Mae has now extended the suspension of foreclosure-related activities on its loans through August 31, 2020. Foreclosure Suspension Extended. Retention Workout Options. Incentive Fees.

Foreclosure 52

Foreclosure Lender Loans Judgment 52

Fico Collections

DECEMBER 8, 2022

Impressively, the Federal Reserve reported Q1 2022 delinquency rates on all consumer loans of 1.63% , one of the lowest marks in the 35+ years it has been tracked. Figure 1: Bankcard account management default rates by FICO® Score 8, Oct 13-Oct 15 versus Oct 07-Oct 09. inflation, geopolitical instability, ongoing supply chain issues).

Lender 52

Lender Acquisition Loans Collections 52

Fico Collections

APRIL 19, 2023

As FICO has seen with the increased delinquency for the Established group, average interest per active account is also higher and currently stands 19 percent higher, having risen steeply since July 2020. Balance at Risk FICO’s benchmarking also tracks the “balance at risk” for a customer.

Financial services 52

Financial services Collections Loans 52

Fico Collections

AUGUST 18, 2022

Wed, 09/09/2020 - 15:36. They could be distilling this deluge into a handful of insightful and actionable key measures (through behavior scoring, for example) so each customer can be characterized by a financial wellness score, resilience score, liquidity loan propensity score, and/or savings propensity score.

Banks 52

Banks Creditworthiness Education Financial services 52

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. Department of the Treasury issued the 2023 De-Risking Strategy, as mandated by Congress in the Anti-Money Laundering Act of 2020.

Financial services 52

Financial services Student loans Student Loans Loans 52

Fico Collections

OCTOBER 26, 2021

current accounts, deposits, loans, revolving credit, etc.). Wed, 09/09/2020 - 15:36. In order to properly evaluate your members, you need to make sure you’re looking at the whole picture. This involves collecting and analyzing data that is holistic, relevant, and predictive of member behavior (e.g., Categories.

Credit Unions 52

Credit Unions Credit Unions Financial Institution Banks 52

Fico Collections

SEPTEMBER 7, 2022

Wed, 09/07/2022 - 09:50. This new standard was introduced in January 2018 and designed to help lenders and banks enhance their strategy and avoid unpleasant surprises presented in the shape of loan defaults, delinquency, or early collections processes. Bruce Curry has been named to the Credit 500 in 2020, 2021 and 2022.

Collections 52

Collections Lender Banks Creditors 52