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
VA issued a Servicer Newsflash discontinuing a reporting requirement for a servicing transfer (transferring servicer) event related to Veterans Affairs Servicing Purchase (VASP) loan transfers.
VA issued Circular 26-25-02, rescinding VA’s home retention waterfall and ending the VA Servicing Purchase (VASP) program. Per the Circular, as of May 1, 2025,
VA issued Circular 26-25-01, rescinding the procedure for a builder to request a VA builder identification number for processing VA guaranteed loans on new and
VA revised Topic 3 of chapter 6 the Lender’s Handbook (M26-7). Topic 3 of chapter 6 was revised due to a 2018 rule adoption that
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