VA Revises Servicer Handbook (M26-4)
May 18, 2017
VA revised chapters 1, 9, 10, 15 and Appendix G of the Servicer Handbook (M26-4). Chapter 1 was revised to include Chapter 19 in the
VA Clarifies Use of Plywood when Securing Abandoned Structures in Ohio
April 25, 2017
VA clarifies use of plywood when securing abandoned structures in Ohio. On April 6, 2017, an announcement was made on the servicer calls that the
VA Introduces VA Affordable Modification Option
April 13, 2017
VA issued Circular 26-17-10 (Circular), introducing the VA Affordable Modification option. The Circular provides guidance and instructions for modifying VA guaranteed loans using the VA
VA Clarifies and Establishes Requirements with respect to Completion of VA Form 26-8923, Interest Rate Reduction Refinancing Loan Worksheet
April 13, 2017
VA issued Circular 26-17-12, clarifying and establishing requirements with respect to completion of VA Form 26-8923 (Interest Rate Reduction Refinancing Loan Worksheet). The requirements clarify
VA Announces Requirements for Completion of Closing Disclosure
April 13, 2017
VA issued Circular 26-17-11, setting forth VA’s requirements for completion of the Closing Disclosure. As VA no longer accepts a separate itemized list of credits
VA Issues Circular 26-17-04: Special Relief Following Severe Storms and Tornadoes in Georgia and Mississippi
February 15, 2017
VA issued Circular 26-17-04, describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms and tornadoes in Georgia and
VA Increases Maximum Allowable Bankruptcy Attorney Fees
February 9, 2017
VA increased the maximum allowable bankruptcy attorney fees for legal services performed on a servicer’s behalf. VA will now allow attorney fees of $1050 (Chapter
VA Issues Clarification and New Policy Regarding Student Loans
January 26, 2017
VA issued Circular 26-17-02 (Circular), clarifying and explaining new policy with respect to student loans and the underwriting of a VA home loan. The Circular
VA Requires Electronic Submission of Prior Approval Loan Packages
January 20, 2017
VA issued Circular 26-17-01, requiring lenders to electronically submit prior approval loan packages. Currently, lenders mail prior approval loan packages to the applicable VA Regional
VA Extends Rescission Date of Circular 26-14-35
January 5, 2017
VA extended the rescission date of Circular 26-14-35. The rescission date of Circular 26-14-35 has been extended to January 1, 2018. Click here to view
