VA issued Circular 26-19-12, requiring lenders to obtain a Certificate of Eligibility (COE) prior to ordering an appraisal. Per the Circular, all cases must have
VA revised chapters 2, 5 and 12 of the Lender’s Handbook (M26-7). Chapter 2 (Veteran’s Eligibility and Entitlement) has been revised to reflect updates to
VA issued Circular 26-19-11, describing measures mortgagees may employ to provide relief to home loan borrowers affected by flooding in Nebraska. The measures include: the
VA issued Circular 26-19-10, describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms and flooding in Iowa. The
VA revised Servicer Handbook (M26-4). Revisions to the Servicer Handbook include: clarification of Electronic Default Notification requirements for loss mitigation and alternatives to foreclosure; additional
VA issued Circular 26-19-07, describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms, straight-line winds and tornadoes in
VA issued Circular 26-19-08, describing measures mortgagees may employ to provide relief to home loan borrowers affected by Alaska earthquakes. The measures include: the forbearance
VA revised chapters 1, 4 and 11 of the Lender’s Handbook (M26-7). Chapter 1 has been revised to provide lenders with updated information to assist
VA issued Circular 26-19-05, clarifying VA’s new policies regarding cash-out refinancing loans. In December of 2018, VA adopted rules amending requirements with respect to all
VA issued Circular 26-18-29, eliminating the requirement that appraisers include a Market Conditions Addendum in all VA appraisals. Appraisers are, however, still required to include
FHA issued Mortgagee Letter (ML) 2025-14 revising and streamlining policy established in ML 2024-24 (Modernization of Engagement with Borrowers in Default) and providing clarifications to
Hawaii passed a bill amending the state’s nonjudicial power of sale foreclosure laws by adding 2 new sections to Chapter 667 (Foreclosures). Under the bill,
Oklahoma passed a bill amending breach of security requirements. Under the bill, a requirement was added that individuals and entities that own or license personal
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