VA Revises Topic 3 of Chapter 6 of Lender’s Handbook (M26-7)
November 1, 2024
VA revised Topic 3 of chapter 6 the Lender’s Handbook (M26-7). Topic 3 of chapter 6 was revised due to a 2018 rule adoption that
VA Clarifies Documentation Requirements Related to Supporting Itemized Fees and Charges to Borrowers
September 17, 2024
VA issued Circular 26-24-19, clarifying documentation requirements related to supporting itemized fees and charges to the borrower (or assumer). Per the Circular, reasonable and customary
VA Introduces Secondary Borrowing Requirements on Assumption Transactions
August 14, 2024
VA issued Circular 26-24-17, introducing secondary borrowing requirements on assumption transactions. Per the Circular, a servicer must ensure requirements related to lien position, documentation, allowable
VA Revises Appendix F of Servicer’s Handbook (M26-4)
August 14, 2024
VA revised Appendix F of the Servicer’s Handbook (M26-4). Steps 1, 2, and 6(b) were updated as follows: The revisions went into effect August 12,
VA Revises Chapter 9 of Servicer Handbook (M26-4)
August 14, 2024
VA revised chapter 9 of the Servicer Handbook (M26-4). Sections 9.02, 9.03, 9.04(b), 9.05, 9.06, 9.08, and 9.09 were updated as follows: The revisions went
VA Clarifies Implementation Date for Recent Guidance Regarding Home Retention Waterfall and Available Loss Mitigation Options in Servicer Handbook
August 13, 2024
VA issued Circular 26-24-16 clarifying the implementation date for the recently released guidance regarding the Home Retention Waterfall and other loss mitigation options outlined in
VA Amends Veteran-Paid Buyer-Broker Charge Requirements on Closing Disclosure
August 7, 2024
VA issued Circular 26-24-14, Change 1, amending how veteran-paid buyer-broker charges are to be recorded on the Closing Disclosure. Per the original Circular, VA authorized
VA Removes Targeted Foreclosure Moratorium Exception
June 27, 2024
VA issued Circular 26-24-12, Change 1, removing one of the exceptions to the targeted foreclosure moratorium announced in the original Circular. Per the original Circular,
VA Issues Temporary Local Variance for Borrower-Paid Real Estate Broker or Agent Charges
June 17, 2024
VA issued Circular 26-24-14 announcing a temporary local variance to allow borrowers to pay for real estate broker or agent (buyer-broker) charges. Per the Circular,
VA Revises Topic 2 of Chapter 7 of Lender’s Handbook (M26-7)
June 17, 2024
VA revised topic 2 of chapter 7 of the Lender’s Handbook (M26-7). Topic 2, relating to construction/permanent loans, of chapter 7 was revised in the
