VA issued a Servicer Newsflash amending the VALERI Fee Cost Schedule maximum allowable appraisal fees for mortgage servicers. Per the Newsflash, the new maximum allowable
VA issued Circular 26-24-19, Change 1 updating clarification of documentation requirements related to supporting itemized fees and charges to the borrower (or assumer). Per the
VA revised chapter 5 of the Servicer’s Handbook (M26-4) to add the new VA Loss Mitigation Waterfall, update loss mitigation program requirements, and provide clarification
VA added chapter 22 of the Servicer’s Handbook (M26-4) to outline the program policy and procedures for VA Partial Claim in accordance with Public Law
Virginia passed a bill requiring an assumption provision be included in a conventional home mortgage loans. Under the bill, a conventional home mortgage loan must
VA revised topic 1, 23, 32, and 34 of chapter 12 of the Lender’s Handbook (M26-7). Topic 1, relating to detached improvements and SAH RLC
VA issued Circular 26-26-01, updating the State Fees and Charges Deviations List. Lenders and Servicers are expected to immediately utilize the new VA State Fees
VA issued Circular 26-25-02, issuing procedure for the collection of partial claim funds. Per the Circular, if a VA-guaranteed loan has paid-in-full and a loan
VA issued a federal register notice updating the maximum allowable legal fee amounts for each state related to legal services performed in connection with foreclosures
VA revised topic 33 of chapter 12 of the Lender’s Handbook (M26-7). Topic 33, relating to wood destroying insects/fungus/dry rot, of chapter 12 was revised
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