VA Revises Lender’s Handbook (M26-7)
September 6, 2019
VA revised chapters 9 and 13 of the Lender’s Handbook (M26-7). Chapter 9 (Legal Instruments, Liens, Escrows and Related Issues) has been revised (in its
VA Updates, Clarifies and Consolidates Guidance Related to Interest Rate Reduction Refinance Loans
September 6, 2019
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 Provides Interim Guidance Concerning implementation of the Blue Water Navy Vietnam Veterans Act of 2019
September 6, 2019
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 Establishes New Mandatory Stacking Order for Files Selected for VA Full File Loan Review
August 2, 2019
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 Issues Circular 26-19-21: Special Relief Following Hurricane Barry
August 2, 2019
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 Issues Funding Fee Guidance to Lenders and Servicers
July 11, 2019
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 Issues Circulars 26-19-14, 26-19-15 and 26-19-16: Special Relief Following Louisiana, Oklahoma and Arkansas Severe Storms, Tornadoes and Flooding
July 11, 2019
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 Updates Approval Loan Procedures for Unmarried Veterans
June 19, 2019
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 Requires Certificate of Eligibility Prior to Ordering Appraisal
June 13, 2019
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 Revises Lender’s Handbook (M26-7)
May 6, 2019
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
