VA issued Circular 26-17-14 (Circular), providing clarification with respect to distance and proximity requirements for comparable sale properties used in VA appraisals. VA does not set minimum or maximum distance requirements between the subject and comparable sale properties. Rather, VA requires that “Comparable sales should be located as close to the subject as practical.” This Circular provides clarification with respect to current policy.
FHA
FHA Revises and Streamlines Policy Established in Mortgagee Letters 2024-24 and 2025-12
FHA issued Mortgagee Letter (ML) 2025-14 revising and streamlining policy established in ML 2024-24 (Modernization of Engagement with Borrowers in Default) and providing clarifications to
June 4, 2025
