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

Data Centers Are Boosting Regional Economy as Consumer Spending Lags, St. Louis Fed Says

While everyday consumers struggle under the weight of rising prices on goods and services, large-scale data center construction projects across the Midwest and South are propping up local economies, according to a new report from the Federal Reserve Bank of St. Louis. The report, known as the Beige

EXCLUSIVE: ‘Extreme Buyers Club’ Star Noel Collier Lays Bare Her ‘Craziest’ Client Requests—From Ghosts to Mermaid Pools

On HGTV’s new series “Extreme Buyers Club,” Texas real estate agent Noel Collier helps house hunters with outrageous wish lists find out-of-the-box listings that have exactly what they’re looking for—even when the demand is something that can’t actually be seen. The show, which premieres on Tuesday,

What Is a Starter Home? The Small, Affordable Houses That Weren’t Being Built Anymore—Until Now

Owning a little house on a plot of land is synonymous with the American dream—a sign of prosperity and social mobility. Affectionately known as the starter home, it was seen as the first rung on the property ladder and tended to be smaller and less expensive. "Conceptually, a starter home is one tha