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 a new mandatory stacking order for purchase money loans, cash-out refinances, interest rate reduction refinance loans and loan assumptions. The new stacking order now includes the initial and final net tangible benefits test disclosures. The new stacking order applies to all loan applications submitted to VA on or after July 29, 2019.
