VA Revises Chapter 9 of Servicer’s Handbook (M26-4)
April 12, 2024
VA revised chapter 9 of the Servicer’s Handbook (M26-4). Chapter 9 was retitled from “Refunds” to “VA Purchase”. Sections 9.01 and 9.02 were also updated
VA Updates Assumption Process and Reporting Procedures
February 28, 2024
VA issued Circular 26-23-10, Change 1, providing additional information regarding fees that may be charged to and paid by a person assuming a VA-guaranteed loan
VA Authorizes Assumption Locality Variance
February 28, 2024
VA issued Circular 26-24-05 authorizing in advance, as a local variance, an Assumption Locality Variance charge (Variance). Per the Circular, a lender may charge an
VA Amends COVID-19 Home Retention Waterfall and COVID-19 Refund Modification Requirements
February 14, 2024
VA issued Circular 26-24-02 amending COVID-19 Home Retention Waterfall and COVID-19 Refund Modification requirements. Per the Circular, VA included a 40-year repayment term for a
VA Issues Temporary Foreclosure Moratorium for Borrowers
December 4, 2023
VA issued Circular 26-23-25 to announce a temporary foreclosure moratorium for borrowers. The Circular strongly encourages servicers to establish a moratorium on initiating, continuing, and/or
VA Revises Chapter 7 of Lender’s Handbook (M26-7)
November 21, 2023
VA revised Chapter 7, (Topic 7) of the Lender’s Handbook (M26-7). VA made the following changes: The revisions went into effect July 27, 2023. Click
VA Revises Chapter 4 of Lender’s Handbook (M26-7)
November 21, 2023
VA revised chapter 4 of the Lender’s Handbook (M26-7). Chapter 4 (Topic 7) was revised to clarify that: The revisions are effective for all loan
VA Extends Foreclosure Moratorium for Borrowers Affected by Maui Wildfires
November 16, 2023
VA extended the foreclosure moratorium for borrowers affected by the Maui wildfires. The foreclosure moratorium is extended through May 31, 2024. Click to view the
VA Amends COVID-19 Home Retention Waterfall and COVID-19 Refund Modification Requirements
October 16, 2023
VA issued Circular 26-23-12, Change 1, amending COVID-19 Home Retention Waterfall and COVID-19 Refund Modification requirements. Per the Circular, VA amended Section 7(a)(2) of the
VA Amends Funding Fee Exemption and Refund Procedures for Lenders
October 16, 2023
VA issued Circular 26-23-19 to amend funding fee exemption determinations and how refund requests should be submitted. The amended procedures are effective October 2, 2023.
