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
VA Requires Use of Loan Review API to Submit Uniform Loan Application Dataset, Uniform Closing Dataset, and Loan Review File in Connection with Full File Loan Review
June 6, 2024
VA issued Circular 26-24-13 (Circular), requiring the use of VA’s Loan Review API to submit the Uniform Loan Application Dataset (ULAD), Uniform Closing Dataset (UCD),
VA Announces Targeted Foreclosure Moratorium
June 3, 2024
VA issued Circular 26-24-12 to announce a targeted foreclosure moratorium on VA-guaranteed loans. Per the Circular, servicers are encouraged to implement a targeted foreclosure moratorium
VA Revises Chapter 3 of Lender’s Handbook (M26-7)
May 22, 2024
VA revised chapter 3 of the Lender’s Handbook (M26-7). Topics 1 through 6 of chapter 3 were revised as follows: In addition, topics 1 through
VA Revises Chapter 5 of Lender’s Handbook (M26-7)
May 22, 2024
VA revised chapter 5 of the Lender’s Handbook (M26-7). Topics 1 through 4 of chapter 5 were updated as follows: Topics 1 through 4 were
VA Revises Appendix A of, and Introduces Appendix B to, Lender’s Handbook (M26-7)
May 13, 2024
VA revised Appendix A of, and introduced Appendix B to, the Lender’s Handbook (M26-7). Appendix A was revised to reflect Loan Guaranty Service’s transition from
VA Revises Chapter 5 of Servicer’s Handbook (M26-4)
May 13, 2024
VA revised chapter 5 of the Servicer’s Handbook (M26-4). Sections 5.01, 5.02, 5.03, 5.04, 5.05, 5.07 and 5.10 were updated as follows: The revisions are
Virginia Amends Provisions Regarding Foreclosed Property
May 9, 2024
Virginia passed a bill amending provisions regarding foreclosed property. Under the bill, a subordinate mortgage lienholder must provide to the trustee and the borrower, at
VA Creates Form 26-10291, Assumption Entitlement Acknowledgement
May 3, 2024
VA issued Circular 26-24-09 announcing the creation of Form 26-10291 (Assumption Entitlement Acknowledgement). Per the Circular, VA created Form 26-10291 to increase awareness related to
VA Offers 40-Year Loan Modification Option
April 26, 2024
VA issued Circular 26-24-08 to offer a 40-Year Loan Modification option to assist borrowers in reaching an affordable payment in the current environment of rising
