FHA proposes partial claim model that drops subordinate liens

The Federal Housing Administration (FHA) is proposing a new structure, called Reinstatement Advance Payment (RAP), that would change how servicers document and service partial claims and payment supplements. Under the draft, attributed to Joseph M. Gormley, who is performing the delegable duties of
Read MoreEquifax locks in $1 VantageScore through 2027

Equifax will keep its $1 VantageScore 4.0 price in place through the end of 2027 as it pushes mortgage lenders to adopt the alternative credit score model, CEO Mark Begor told investors. The initiative was first launched in March, when the company also continued to offer free VantageScore 4.0 credit
Read MoreSenior housing wealth reaches record level in first quarter

Housing wealth among homeowners age 62 and older rebounded to a record $14.92 trillion in the first quarter of 2026 after declining in the previous two quarters, according to the latest National Reverse Mortgage Lenders Association (NRMLA) – RiskSpan Reverse Mortgage Market Index. The quarterly inde
Read MoreJay Papasan to step down as Keller Williams executive

Longtime Keller Williams executive Jay Papasan announced his decision to step down from his role as vice president of strategic content in a post on LinkedIn on Tuesday. Papasan has been with Keller Williams since September of 2000. He said his decision to step down comes from a desire to focus on
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