VA issued Circular 26-17-32, describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms in Wisconsin. 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.
FHA
FHA Updates Home Equity Conversion Mortgage Acceptable Monetary Investment Funding Sources
FHA issued Mortgagee Letter 2024-06, updating acceptable funding sources for satisfying a borrower’s monetary investment related to HECM for Purchase transactions. Per the Mortgagee Letter