VA issued Circular 26-17-14 (Circular), providing clarification with respect to distance and proximity requirements for comparable sale properties used in VA appraisals. VA does not set minimum or maximum distance requirements between the subject and comparable sale properties. Rather, VA requires that “Comparable sales should be located as close to the subject as practical.” This Circular provides clarification with respect to current policy.
FHA
FHA Waives Early Payment Default Review Requirements for Properties Impacted by California Wildfires
FHA issued a waiver regarding early payment default review requirements for properties impacted by the California wildfires. FHA currently requires lenders to select all early
April 2, 2025
