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
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 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
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