The Department of Veteran Affairs updated its servicer handbook on Monday with a new loss-mitigation waterfall that incorporates a partial claim program as a last-resort option.
Amy Moses, vice president for strategic growth at the Mortgage Industry Standards Maintenance Organization, said a widespread shift to eNotes will occur when industry participants recognize the economic benefits and when not participating in the eNote space would make them less competitive.
The former chief economic adviser to President Trump believes evolving AI capabilities and quantum computing present an enormous threat to many businesses’ cybersecurity measures.
Soaring oil prices haven’t much dimmed the outlook for aircraft-backed securitizations, which may be less exposed to inflation from the Iran war compared to subprime consumer ABS, according to Goldman Sachs.
The origination share of adjustable-rate mortgages is expected to hold around its current level this year, although a number of variables could cause it to shift.