VA issued Circular 26-18-23, describing measures mortgagees may employ to provide relief to home loan borrowers affected by Hurricane Michael. The measures include: the forbearance
VA issued Circular 26-18-16, describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms and flooding in Maine. The
VA amended requirements for processing site condominiums in Michigan. A site condominium is defined as a single family totally detached dwelling (no shared garages or
VA issued Circular 26-18-13 (Circular), setting forth amended Interest Rate Reduction Refinance Loan (IRRRL) requirements in light of the recently passed Economic Growth, Regulatory Relief
VA increased the maximum allowable liquidation appraisal fees for properties located in Oregon. These changes are reflected on the VALERI Fee Cost Schedule. The increased
VA issued Circular 26-18-11, announcing that, effective June 1, 2018, winterization fees (where payable) are allowed all year around (previously only permitted between October 1
VA issued Circular 26-18-09, describing measures mortgagees may employ to provide relief to home loan borrowers affected by tornadoes and severe storms in North Carolina.
VA issued Circular 26-18-08 and 26-18-10, describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms, flooding, landslides, volcanic
VA issued Circular 26-18-6 (Circular), amending and enhancing policy with respect to loans used for alteration and repair. The intent of the new policy is
VA issued Circular 26-18-7 (Circular), amending requirements with respect to construction loans. Per the Circular, VA has received inquiries regarding the procedures to process construction
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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