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.
CFPB
CFPB Amends Fair Credit Reporting Act with respect to Medical Information
The CFPB adopted rules amending the Fair Credit Reporting Act (FCRA) with respect to medical information. Per the rule adoption, the CFPB removed an exception
January 16, 2025
