FHA proposes RAP model for partial claims
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 the assistant secretary for housing–federal housing commissioner, the FHA would test a […]
FHA proposes RAP model for partial claims Read More »