VA issued Circular 26-17-12, clarifying and establishing requirements with respect to completion of VA Form 26-8923 (Interest Rate Reduction Refinancing Loan Worksheet). The requirements clarify and establish VA policy with respect to: line 1 (amount of the existing loan balance allowable); line 2 (principal reduction from veteran); line 5 (maximum allowable discount points); lines 8 and 11 (maximum allowable closing costs); and line 18 (maximum loan amount). The requirements are effective for all Interest Rate Reduction Refinance Loan applications originated (initial Fannie Mae Form 1003 application date) on or after July 2, 2017.
VA
VA Creates Form 26-10291, Assumption Entitlement Acknowledgement
VA issued Circular 26-24-09 announcing the creation of Form 26-10291 (Assumption Entitlement Acknowledgement). Per the Circular, VA created Form 26-10291 to increase awareness related to
May 3, 2024
