VA issued Circular 26-21-23 (Circular), describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms, straight-line winds, flooding, and tornadoes. The measures include: the forbearance of loan payments; a 90 day foreclosure moratorium; the waiver of late charges; and the suspension of credit bureau and VA reporting. The Circular also encourages servicers to extend special forbearance to National Guard members that experience financial difficulties as a result of their service.
Click to view the VA Circular 26-21-23: https://www.tenaco.com/wp-content/uploads/2021/12/VA-Circular-26-21-23-12-14-21.pdf
