VA issued Circular 26-19-22, updating, clarifying and consolidating guidance related to Interest Rate Reduction Refinance Loans (IRRRLs). Specifically, the Circular discusses the standards imposed by
VA issued Circular 26-19-23, providing interim guidance pertaining to VA’s implementation of the Blue Water Navy Vietnam Veterans Act of 2019 (Act). The Act was
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
VA issued Circular 26-19-21, describing measures mortgagees may employ to provide relief to home loan borrowers affected by Hurricane Barry. The measures include: the forbearance
VA issued Circular 26-19-17: Funding Fee Guidance to Lenders and Servicers. Per the Circular, a lender: Must not advise a borrower who believes they are
VA issued Circulars 26-19-14, 26-19-15 and 26-19-16 describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms, tornadoes and
VA issued Circular 26-19-13, updating approval loan procedures for unmarried veterans. Per the Circular, lenders with automatic authority are no longer required to obtain VA’s
VA issued Circular 26-19-12, requiring lenders to obtain a Certificate of Eligibility (COE) prior to ordering an appraisal. Per the Circular, all cases must have
VA revised chapters 2, 5 and 12 of the Lender’s Handbook (M26-7). Chapter 2 (Veteran’s Eligibility and Entitlement) has been revised to reflect updates to
VA issued Circular 26-19-11, describing measures mortgagees may employ to provide relief to home loan borrowers affected by flooding in Nebraska. The measures include: the
Fannie Mae issued Servicing Guide Announcement SVC-2024-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to eMortgages.
FHA issued Mortgagee Letter 2024-20 implementing Federal Flood Risk Management Standards for new construction properties located in Special Flood Hazard Areas. On April 23, 2024,
Fannie Mae issued Selling Guide Announcement SEL-2024-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to leasehold estates
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