VA clarifies use of plywood when securing abandoned structures in Ohio. On April 6, 2017, an announcement was made on the servicer calls that the
VA issued Circular 26-17-10 (Circular), introducing the VA Affordable Modification option. The Circular provides guidance and instructions for modifying VA guaranteed loans using the VA
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
VA issued Circular 26-17-11, setting forth VA’s requirements for completion of the Closing Disclosure. As VA no longer accepts a separate itemized list of credits
VA issued Circular 26-17-04, describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms and tornadoes in Georgia and
VA increased the maximum allowable bankruptcy attorney fees for legal services performed on a servicer’s behalf. VA will now allow attorney fees of $1050 (Chapter
VA issued Circular 26-17-02 (Circular), clarifying and explaining new policy with respect to student loans and the underwriting of a VA home loan. The Circular
VA issued Circular 26-17-01, requiring lenders to electronically submit prior approval loan packages. Currently, lenders mail prior approval loan packages to the applicable VA Regional
VA extended the rescission date of Circular 26-14-35. The rescission date of Circular 26-14-35 has been extended to January 1, 2018. Click here to view
VA extended the rescission date of Circular 26-14-22. The rescission date of Circular 26-14-22 has been extended to October 1, 2017. Click here to view
Tennessee passed a bill increasing the permissible interest rate for closed-end loans under the Industrial Loan and Thrift Companies Act (ILTCA). Under the bill, the
Utah passed a bill amending the Residential Mortgage Practices and Licensing Act (RMPLA) with respect to the use of prescreened trigger lead information. Under the
FHA issued Mortgagee Letter (ML) 2025-09 and Title I Letter (TIL) TIL-490 removing loan eligibility for non-permanent residents. Per the ML and TIL, FHA eliminated
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