"Such restrictions on debt collection practices harm creditors and consumers—particularly consumers who have the greatest need for credit. In short, consumers will suffer under the panel’s decision. While the impacts to the loan servicing industry could be devastating to thousands of Americans employed in it, it will be just as devastating for consumers and their communities.” --From an MBA/trade group amicus brief in a U.S. Appeals Court case that challenges collections practices under the Fair Debt Collection Practices Act.

Delinquency rates for mortgages backed by commercial and multifamily properties continue to decline, according to two reports released Thursday by the Mortgage Bankers Association.