Government Lender Loans Repossession 
UK debt collections
MAY 15, 2024
New research by Mojo Mortgages has found that 32,000 mortgaged properties at risk of being repossessed. When a homeowner is unable to keep up with their mortgage payments , the lender may initiate the process of repossessing their home. If no action is taken, the lender will then file for repossession with the courts.
Troutman Sanders
NOVEMBER 18, 2022
On November 17, the Consumer Financial Protection Bureau (CFPB) announced it is seeking public comment on its proposal to develop a new data set to better monitor the auto loan market. Because student loans are largely administered by the federal government, we know more about them too.
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Troutman Sanders
APRIL 24, 2023
Earlier this month, a district court for the Eastern District of Michigan dismissed on its own initiative a Fair Credit Reporting Act (FCRA) claim brought by a consumer alleging inaccurate reporting of her charged-off vehicle loan. The court’s opinion in Shelton v. Americredit Financial Services, Inc. Hence, no inaccuracy.
Collection Industry News
DECEMBER 18, 2022
The government said the programme, which was due to close at the end of December, would help buyers “navigate difficult times” It was originally designed to encourage lenders to give home loans to people offering a 5% deposit – a product that was far less available during Covid.
Debt Free Colorado
APRIL 9, 2020
Many creditors such as mortgage servicers, auto lenders, and credit card companies are offering assistance to individuals financially affected by the pandemic. Unlike mortgage lenders, most landlords are simply not in a financial position to weather the loss of rental income due to the high expenses associated with the rental property itself.
Troutman Sanders
JANUARY 5, 2023
In the event a car is totaled in an accident, the car buyer’s primary automobile insurance typically pays only fair market value, which may be less than the amount owed on the loan due to a vehicle’s depreciation. GAP is designed to cover a portion of this remaining balance or “gap” owed to the lender on the finance agreement.
Debt Free Colorado
MARCH 10, 2023
Short sales and loan modifications are viable alternatives to bankruptcy. You can never obtain a loan or a mortgage. The following are some of the most common bankruptcy myths in Littleton, Colorado: Myth #1: Short sales and loan modifications are viable alternatives to bankruptcy. Definitely not.
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