VA issued Circular 26-17-12, clarifying and establishing requirements with respect to completion of VA Form 26-8923 (Interest Rate Reduction Refinancing Loan Worksheet). The requirements clarify and establish VA policy with respect to: line 1 (amount of the existing loan balance allowable); line 2 (principal reduction from veteran); line 5 (maximum allowable discount points); lines 8 and 11 (maximum allowable closing costs); and line 18 (maximum loan amount). The requirements are effective for all Interest Rate Reduction Refinance Loan applications originated (initial Fannie Mae Form 1003 application date) on or after July 2, 2017.
Fannie Mae
Fannie Mae Issues Servicing Guide Announcement SVC-2024-06
Fannie Mae issued Servicing Guide Announcement SVC-2024-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to eMortgages.
November 14, 2024
