VA issued a Servicer Newsflash amending the maximum allowable appraisal fees and foreclosure attorney fees for mortgage servicers. Per the Newsflash, the new maximum allowable
VA issued Circular 26-19-24, updating requirements with respect to loss mitigation letters sent to borrowers. Per the Circular, VA updated language that must be included
VA revised chapters 9 and 13 of the Lender’s Handbook (M26-7). Chapter 9 (Legal Instruments, Liens, Escrows and Related Issues) has been revised (in its
VA issued Circular 26-19-22, updating, clarifying and consolidating guidance related to Interest Rate Reduction Refinance Loans (IRRRLs). Specifically, the Circular discusses the standards imposed by
VA issued Circular 26-19-23, providing interim guidance pertaining to VA’s implementation of the Blue Water Navy Vietnam Veterans Act of 2019 (Act). The Act was
VA issued Circular 26-19-19, establishing a new mandatory stacking order for files selected for a VA full file loan review. Per the Circular, VA established
VA issued Circular 26-19-21, describing measures mortgagees may employ to provide relief to home loan borrowers affected by Hurricane Barry. The measures include: the forbearance
VA issued Circular 26-19-17: Funding Fee Guidance to Lenders and Servicers. Per the Circular, a lender: Must not advise a borrower who believes they are
VA issued Circulars 26-19-14, 26-19-15 and 26-19-16 describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms, tornadoes and
VA issued Circular 26-19-13, updating approval loan procedures for unmarried veterans. Per the Circular, lenders with automatic authority are no longer required to obtain VA’s
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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