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 a new mandatory stacking order for purchase money loans, cash-out refinances, interest rate reduction refinance loans and loan assumptions. The new stacking order now includes the initial and final net tangible benefits test disclosures. The new stacking order applies to all loan applications submitted to VA on or after July 29, 2019.

FHA
FHA Waives Early Payment Default Review Requirements for Properties Impacted by California Wildfires
FHA issued a waiver regarding early payment default review requirements for properties impacted by the California wildfires. FHA currently requires lenders to select all early