VA adopted rules amending requirements with respect to “cash-out” refinance loans. The adopted rules implement section 309 of the Economic Growth, Regulatory Relief and Consumer
VA announced county loan limits for 2019. The county loan limits are posted at: http://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp. The county loan limits apply to loans closed on or
VA issued Circular 26-18-26, describing measures mortgagees may employ to provide relief to home loan borrowers affected by California wildfires. The measures include: the forbearance
VA issued Circular 26-18-23, describing measures mortgagees may employ to provide relief to home loan borrowers affected by Hurricane Michael. The measures include: the forbearance
VA issued Circular 26-18-16, describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms and flooding in Maine. The
VA amended requirements for processing site condominiums in Michigan. A site condominium is defined as a single family totally detached dwelling (no shared garages or
VA issued Circular 26-18-13 (Circular), setting forth amended Interest Rate Reduction Refinance Loan (IRRRL) requirements in light of the recently passed Economic Growth, Regulatory Relief
VA increased the maximum allowable liquidation appraisal fees for properties located in Oregon. These changes are reflected on the VALERI Fee Cost Schedule. The increased
VA issued Circular 26-18-11, announcing that, effective June 1, 2018, winterization fees (where payable) are allowed all year around (previously only permitted between October 1
VA issued Circular 26-18-09, describing measures mortgagees may employ to provide relief to home loan borrowers affected by tornadoes and severe storms in North Carolina.
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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