VA issued Circular 26-16-18 (Circular) setting forth origination and loan processing requirements for VA loans when a property is subject to PACE obligations. Properties that are or will remain encumbered with a PACE obligation may be eligible for VA-guaranteed financing provided the lender satisfies the requirements set forth in the Circular.
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