VA issued Circular 26-18-7 (Circular), amending requirements with respect to construction loans. Per the Circular, VA has received inquiries regarding the procedures to process construction
VA extended the foreclosure moratorium for loans affected by Hurricanes Harvey, Irma and Maria. The foreclosure moratorium has been extended to 270-days (from the date
VA revised chapters 2, 4, 5, 7, 8, 14, 15, 18, 21 and Appendix B, E, G, and H of the Servicer Handbook (M26-4). Pursuant
VA set forth a policy guidance (Guidance) for Interest Rate Reduction Refinance Loans. Under the Guidance, lenders are required to provide the Veteran’s Statement and
VA increased the maximum allowable liquidation appraisal fees for properties located in Arkansas, Louisiana, Oklahoma and Texas. These changes are reflected on the VALERI Fee
VA announced county loan limits for 2018. The county loan limits are posted at: www.benefits.va.gov. The county loan limits apply to loans closed on or
VA increased the maximum allowable liquidation appraisal fees for properties located in Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wisconsin. VA also updated fees
VA issued Circular 26-17-42, describing measures mortgagees may employ to provide relief to home loan borrowers affected by the California wildfires. The measures include: the
VA issued Circular 26-17-39 (Circular), introducing a new Disaster Loan Modification option. VA introduced the Disaster Loan Modification (DLM) program in 2016, allowing servicers to
VA extended the 90-day foreclosure moratorium for loans affected by Hurricanes Harvey, Irma and Maria. The initial 90-day foreclosure moratoriums have been extended to 180-days
Fannie Mae issued Selling Guide Announcement SEL-2025-02 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae is integrating Condo Project Manager
Fannie Mae revised the West Virginia Security Instrument Form (Form 3049). The revision updates paragraph 1 (pertaining to payment of principal, interest, escrow items, prepayment
Freddie Mac issued Bulletin 2025-4 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac introduced the Freddie Mac Income Calculator, designed
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