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 to encourage lenders to make VA-guaranteed loans to veterans who wish to purchase or refinance a home that is in need of alteration and/or repair. The Circular sets forth the general process lenders must follow when processing a loan for alteration and repair. The amended policy is effective immediately.
Fannie Mae
Fannie Mae Issues Selling Guide Announcement SEL-2025-02
Fannie Mae issued Selling Guide Announcement SEL-2025-02 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae is integrating Condo Project Manager
April 3, 2025
