U.S. Department of Veterans Affairs (VA)

VA lenders and servicers have until Nov. 28 to implement the new loss mitigation waterfall and Partial Claim Program

The mortgage servicer can initially issue up to 1,000 eNotes and manage digital collateral for other Ginnie Mae issuers

Trade group says the loss of experienced Rural Housing Service staff could complicate delegated underwriting, lender onboarding, and program guidance

New data standards aim to streamline Certificate of Eligibility requests, reduce manual processing and speed VA loan originations

New program aims to address persistent confusion around VA loan eligibility, entitlement restoration, and home financing options

New loss mitigation option allows struggling borrowers to bring mortgages current without increasing monthly payments