Collections & Credit Risk articles from February 2002

Collections & Credit Risk archives from February 2002

The Digest.(Editorial)
February 1, 2002... COVER STORY 30 New Challenges Face Mortgage Servicers With the U.S. economy still soft, are the Fed's interest rate cuts enough to stimulate home buying and refinancing? How are payment and delinquency...

My Take: Is That Recovery's Safe Shore?(Brief Article)
February 1, 2002... Collections activity has variously been labeled counter-cyclical, recession resistant, and a trailing indicator, and it appears to be true since, by all measures available to us, activity has yet to tail off. Now, before credit collections has...

Letters to the Editor.(Letter to the Editor)
February 1, 2002... More Commercial Links, Please To the Editor: It would be helpful if you had links to other business sites and offered credit ratings for commercial organizations. Also, do you sponsor or know of professional certification that is...

Survey Results.(offshore call centers )(Brief Article)
February 1, 2002... Here's how visitors to Credit & Collections World, Collections & Credit Risk's website, voted on this month's Instant Survey: To lower labor costs to collect debts in the U.S., some firms are building offshore call centers in Latin...

Biometrics' Time Has Come.
February 1, 2002... The demand for biometrics technology is rising after the terrorist attacks on the World Trade Center and Pentagon, insiders says. If production truly does boom, prices may drop and banks may be poised to become large buyers. The need for...

Credit Card Accounts Receivable Metrics.
February 1, 2002... Net Flow Rates Bucket-to-Bucket Flow Rates Collections Effectiveness & Delinquencies per FTE Efficiency and Collections Intensity Annualized Data Bankruptcy and Credit Losses While two of three primary front-end...

What's New?(includes brief articles)(Brief Article)
February 1, 2002... Mortgage Credit Data Boost Framingham, Mass.-based The Credit Network, a mortgage credit reporting service provider, completed a reverse technology link with Shelton, Conn.-based Sound Software, a total lending management solutions...

Pioneer Sells to Sallie.(Student Loan Marketing Assn. acquires)(Pioneer Credit Recovery Inc.; includes)(other news)(Brief Article)
February 1, 2002... Sallie Mae, the nation's leading provider of education funding, acquired Pioneer Credit Recovery Inc., Arcade, N.Y., the top student loan collection service for the U.S. Dept. of Education. The deal closed in January and was arranged by M&A...

Market Focus: Credit Cards: Credit counseling agencies are struggling in a new era of lower fees and increased competition. Will banks bail them out?(Brief Article)(Statistical Data Included)
February 1, 2002... The go-go '90s and the nation's corresponding money-to-burn mentality died months before the Federal Reserve - to little surprise - declared last year that the U.S. was in the throes of a recession. The economic setback sent consumer debt to a...

Driving Profits: IT strategies and financial services firms need to know how to leverage existing technology investments to steer more profit their way.
February 1, 2002... Technology investment is weighing on the minds of executives as they roll out IT plans for 2002. Many financial services companies will adopt a fundamental strategy of optimizing current IT investments rather than implementing new technology....

Credit Risk Sites To Know: The online explosion is prompting credit report providers to furnish customers with more specialized offerings via the Internet. Here are some websites that fill the bill.(Statistical Data Included)
February 1, 2002... Greta A. Nichols doesn't make loans or examine credit reports, but it's her job to make sure that executives at Glenview State Bank in Glenview, Ill. can perform those functions efficiently. As one of the bank's systems support analysts,...

Mortgage Trends What Lies Ahead?: By Michele Molnar With the U.S. economy still soft, what challenges do mortgage servicers face as delinquency and foreclosure rates climb?(Statistical Data Included)
February 1, 2002... This year promises to be a challenging one for mortgage grantors, as they contend with an unpredictable economy, a consumer market straining financially, and new regulations in the subprime market. Defaults - which were up in 2000 primarily...

Who's Who Among Collections Attorneys?: CCR's 6th annual ranking of debt-collecting attorneys in the U.S. shows who's on top.(Brief Article)(Statistical Data Included)
February 1, 2002... The top tier of collections attorneys hasn't changed very much since Collections & Credit Risk's previous ranking. Once again, with revenues of $38.1 million in 2000 (the latest year for which figures are available), Cleveland-based Weltman,...

Top 25 Collections Law Firms (Ranked by 2000 Revenue).
February 1, 2002... (part 1 of 2) Rank Company 1 Weltman, Weinberg & Reis Co. LPA, Cleveland 2 Schreiber & Associates PC, Danvers, Mass. 3 Eskanos & Adler PC, Concord, Calif. 4 Upton, Cohen & Slamowitz....

The Consignor's Right of Return: Despite revision of Article 9 of the Uniform Commercial Code, consignment selling is still alive and well.(Brief Article)(Statistical Data Included)
February 1, 2002... For manufacturers or distributors who sell products on consignment, Revised Article 9 of the Uniform Commercial Code was something of an awakening. A literal reading would lead to the conclusion that consignments had been "merged" into security...

Commercial Credit Bureaus: Keeping an Eye on Business: The global economy ups the ante on having good intelligence for new and even current customers. But where can commercial credit information be found?
February 1, 2002... The commercial credit reporting industry has made great strides in providing better commercial credit reports quickly and at a low price - much to the delight of credit managers. Commercial credit reports are now readily available online,...

Getting the Lowdown on Businesses.(commercial credit information providers)(Brief Article)(Directory)
February 1, 2002... A partial listing of commercial credit information providers COMPANY ABC Companies Inc. BusinessCreditUSA.com CreditRiskMonitor.com Creditworthy.com DebtWatcher Inc. Dun & Bradstreet Corp. Equifax Inc. ...

Rising Tide Benefits All.
February 1, 2002... It's not exactly a bull market, but the post-New Year euphoria that often raises spirits on Wall Street appears to be fueling something of a rally. The Enron debacle - which raises serious questions about the future of energy deregulation and,...