CAR LOANS STRETCH TO 7 YEARS OR LONGER
Automakers and buyers are diving into extra-long auto loans, and they could drown from that plunge.
read more
WELLS FARGO EXTENDS LICENCE FOR FIDELITY MORTGAGE SERVICING PACKAGE
Fidelity National Information Services, Inc. (FIS) today announced that Wells Fargo Home Mortgage has signed a multiyear contract extension for FIS' Mortgage Servicing Package (MSP).
read more
GM LOSES $38.7B IN 2007, OFFERS MORE BUYOUTS
DETROIT — Even as sales go gangbusters overseas, General Motors (GM) posted a fourth-quarter loss as North American operations continued overshadowing the rest of the company.
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TRANSUNION AND EDGAR, DUNN & COMPANY LAUNCH THE REVOLVER MODEL TO HELP FINANCIAL INSTITUTIONS MORE EFFECTIVELY MARKET THEIR CREDIT CARD PRODUCTS
CHICAGO, Feb. 12 /PRNewswire/ -- TransUnion and Edgar, Dunn & Company today launched the Revolver Model, the second scoring model to identify predictive credit behavior characteristics using survey-based data from the PaymentDynamics(SM) 2007 Preferred Payments Study. The Revolver Model helps financial institutions determine how consumers prefer to manage their credit card balances and enables banks to develop custom marketing offers accordingly.
read more
DETROIT FORECLOSURES HIGHEST IN THE NATION
Rust Belt and Sun Belt cities led the nation in metro-area foreclosure rates for 2007, according to a new report released Wednesday.
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ASTRA ACHIEVES ISO 27001 CERTIFICATION USING ARTIVA AGENCY
February 13, 2008 - Astra Business Services announced that it has received ISO 27001 certification using protocols built around Ontario Systems' Artiva Agency product.
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BANK OF AMERICA SUPPORTS PROJECT LIFELINE
WASHINGTON, Feb. 12 /PRNewswire/ -- Appearing today with U.S. Treasury Secretary Hank Paulson and U.S. Housing and Urban Development Secretary Alphonso Jackson, Bank of America Consumer Real Estate and Insurance Services Group President Floyd Robinson spoke in support of a new initiative that will broaden and improve outreach efforts to distressed borrowers.
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WWR GROWS COMMERCIAL/AGENCY PRACTICE GROUP
Weltman, Weinberg & Reis Co., L.P.A. (WWR), the nation's largest* creditors' rights law firm, is pleased to announce the formal expansion of its Commercial/Agency Practice Group (CAPG).
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CONSUMER ALERT: SCAMMERS TAKING ADVANTAGE OF NEW FEDERAL ECONOMIC STIMULUS PACKAGE
Texans should be aware of a scam that has emerged in connection with the proposed federal economic stimulus package. Under recently passed legislation, the IRS will mail tax rebate checks to eligible Texans over the next few months. President Bush has indicated he will sign the package into law on Wednesday.
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INDYMAC BANCORP POSTS LOSS, SURRENDERS DIVIDEND
BOSTON (MarketWatch) -- IndyMac Bancorp on Tuesday reported its first annual loss in its 23-year history, leading the company to suspend its dividend on common shares as it attempts to ride out the mortgage crunch.
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ADS FOR BANKS ROLL OUT DURING THESE TRYING TIMES
NEW YORK - Washington Mutual (WM) is the latest financial giant to launch a massive marketing effort. Ads that roll out this week highlight consumer and small-business offerings, as well as stress-reducing customer service. One TV spot shows a man so thrilled with WaMu's free checking that he fantasizes about cruising an oceanfront highway in a convertible.
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HUMAN ARC ELIMINATES NEED FOR TRADITIONAL HARDWARE CAP-EX INVESTMENT IN THE CALL CENTER WITH LIVEVOX VOICE PORTAL SOLUTION
SAN FRANCISCO-February 11, 2008-LiveVox, an on-demand voice portal company delivering robust outbound, inbound and automated call distribution voice applications for the billing and collections industry, today announced that its Voice Portal solution was selected as Human Arc’s hosted-dialer solution in place of purchasing a costly premise-based dialer.
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WELTMAN, WEINBERG & REIS CO., L.P.A. GROWS COMMERCIAL/AGENCY PRACTICE GROUP
Cleveland - February 12, 2008- Weltman, Weinberg & Reis Co., L.P.A. (WWR), the nation's largest* creditors' rights law firm, is pleased to announce the formal expansion of its Commercial/Agency Practice Group (CAPG). The CAPG is a dedicated team of attorneys and support professionals providing comprehensive default and legal services to collection agencies and companies with commercial accounts. Services include, but are not limited to: arbitration, bankruptcy, collateral recovery, contract review, litigation & defense, pre and post-judgment collections, probate recovery and registering foreign judgments.
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MAJOR LENDERS PUT FREEZE ON FORECLOSURES
NEW YORK (CNNMoney.com) -- Six of the nation's largest mortgage lenders have temporarily stopped foreclosure proceedings, it was announced Tuesday, in a joint effort to cool the raging foreclosure crisis.
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FEDS, LENDERS OFFER BROADER PLAN TO HELP WITH FORECLOSURES
WASHINGTON (CNN) -- The Bush administration Tuesday announced an expanded plan for lenders to help homeowners by temporarily suspending foreclosures for people facing the imminent loss of a home.
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PORTFOLIO RECOVERY ASSOCIATES TO ANNOUNCE FOURTH QUARTER AND FULL YEAR 2007 RESULTS ON FEBRUARY 21, 2008
NORFOLK, VA, Feb 11, 2008 (MARKET WIRE via COMTEX News Network) -- Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases and manages portfolios of defaulted consumer receivables and provides a broad range of accounts receivable management services, will announce its fourth quarter and full year 2007 results on February 21, 2008.
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COUNTRYWIDE DEBUTS NEW SUBPRIME 'WORKOUT' PLAN
NEW YORK (MarketWatch) -- Help could be on the way for some subprime-mortgage borrowers caught up in the twin sagas of the plummeting housing market and besieged Countrywide Financial Corp., after the nation's largest home-loan lender said Monday that it's broadening efforts to help prevent foreclosures.
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CREDIT WRITEDOWNS MAY TOTAL $175B - ANALYST
NEW YORK (CNNMoney.com) -- Financial firms in the S&P 500 index ultimately will suffer $125 billion to $175 billion in mortgage and credit-related writedowns, a Bear Stearns analyst said Monday.
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ASTA FUNDING ANNOUNCES FIRST QUARTER FINANCIAL RESULTS
ENGLEWOOD CLIFFS, N.J., Feb. 11 /PRNewswire-FirstCall/ -- Asta Funding, Inc., (Nasdaq: ASFI), a company that acquires, manages, collects and services portfolios of distressed consumer receivables for its own account, today reported results for its fiscal first quarter, the three months ended December 31, 2007.
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INDONESIAN TELECOM COMPANY GOES LIVE WITH CONVERGYS BILLING AND CARE PLATFORM FOR PRE- AND POST-PAID SERVICES
(Cincinnati and Jakarta; February 11, 2008) - - - Convergys Corporation (NYSE: CVG), a global leader in relationship management, announced today that PT Hutchison CP Telecommunications (HCPT) has gone live with Convergys’ Infinys [r] Rating and Billing solution. Infinys is integrated with HCPT's intelligent network providing real time charging and balance management functions for all pre- and post-paid services. HCPT offers innovative and affordable mobile communication services on the GSM network to the Indonesian market and is a subsidiary of Hutchison Telecom International Limited (NYSE: HTX) (SEHK: 2332).
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VAN RU ANNOUNCES APPOINTMENT OF PRESIDENT
On February 4, 2008, Daniel Calderon was appointed to the position of President of Van Ru Credit Corporation. Mr. Albert Rubin, Van Ru's founder and Chairman of the Board, has full confidence that Mr. Calderon's considerable professional experience in both operational management and business development will bolster the company's position as an industry leader.
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| DebtConnection.com is a searchable database of collection products and services.
The following Updates and New Entries occured since the last At A Glance was sent: | | | Portfolios For Sale | $2,608,684.00 Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?482
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826
$1,594,968.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?470
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$519,392.00 Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?469
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$7,237,301.00 Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?471
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$429,230.00 Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?472
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$838,322.00 Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?473
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$5,109,589.00 Credit Cards
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?474
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$314,578.00 Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?475
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$478,251.00 Consumer Loans
International Credit Services, LLC
http://www.debtconnection.com/portfolio.asp?476
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2773
$10,000,653.00 Other
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?467
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690
$3,127,674.00 Consumer Loans
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?466
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690
$1,166,890.00 Auto Deficiencies, Consumer Loans, Credit Cards, Judgments
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?465
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690
$2,662,992.00 Medical
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?468
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690
$2,144,000.00 Consumer Loans
MATTIA & ASSOCIATES
http://www.debtconnection.com/portfolio.asp?464
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?2999
$2,896,787.00 Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?455
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826
$1,848,594.00 Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?458
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826
| | Agency | ACCOUNT RECEIVABLE MANAGEMENT OF FLORIDA
Darlene Graham
904-726-8505
More Information
CORPORATE DEBT RECOVERY, LLC.
949-388-6016
| | Consultants | THE DEBT MARKETPLACE, INC.
Dennis Hammond
562-903-7220
More Information
| | Debt Buyers | FAIRWAY FINANCIAL SOLUTIONS LLC
Ken Hannold
972-869-7659
More Information
RIVERWALK HOLDINGS, LTD
817-251-7000
SUNLAN CORPORATION
714-289-9413
| | Training | THE DEBT MARKETPLACE, INC.
Dennis Hammond
562-903-7220
More Information
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Industry Events
|
13th Rocky Mountain Bankruptcy Conference
American Bankruptcy Institute
Denver, Colorado
February 14 - 15, 2008
(703) 739-0800
More Information
16th Annual Bankruptcy Battleground West
American Bankruptcy Institute
Santa Monica, California
February 22, 2008
(703) 739-0800
More Information
InterACT Europe Snapshot
InterACT: A Fair Isaac Forum
Hilton Vienna
Vienna, Austria
March 3 - 6, 2008
(800) 496-7001
More Information
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| At A Glance - Friday, May 09, 2008 |
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| At A Glance - Wednesday, April 30, 2008 |
| At A Glance - Friday, April 25, 2008 |
| At A Glance - Wednesday, April 23, 2008 |
| At A Glance - Friday, April 18, 2008 |
| At A Glance - Wednesday, April 16, 2008 |
| At A Glance - Friday, April 11, 2008 |
| At A Glance - Wednesday, April 09, 2008 |
| At A Glance - Friday, April 04, 2008 |
| At A Glance - Wednesday, April 02, 2008 |
| At A Glance - Friday, March 28, 2008 |
| At A Glance - Wednesday, March 26, 2008 |
| At A Glance - Friday, March 21, 2008 |
| At A Glance - Wednesday, March 19, 2008 |
| At A Glance - Friday, March 14, 2008 |
| At A Glance - Wednesday, March 12, 2008 |
| At A Glance - Friday, March 07, 2008 |
| At A Glance - Wednesday, March 05, 2008 |
| At A Glance - Friday, February 29, 2008 |
| At A Glance - Wednesday, February 27, 2008 |
| At A Glance - Friday, February 22, 2008 |
| At A Glance - Wednesday, February 20, 2008 |
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| At A Glance - Wednesday, February 13, 2008 |
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| At A Glance - Wednesday, February 06, 2008 |
| At A Glance - Wednesday, January 30, 2008 |
| At A Glance - Friday, January 25, 2008 |
| At A Glance - Tuesday, January 22, 2008 |
| At A Glance - Friday, January 18, 2008 |
| At A Glance - Wednesday, January 16, 2008 |
| At A Glance - Friday, January 11, 2008 |
| At A Glance - Wednesday, January 09, 2008 |
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