VA Issues Circular 26-19-08: Special Relief Following Alaska Earthquakes

VA issued Circular 26-19-08, describing measures mortgagees may employ to provide relief to home loan borrowers affected by Alaska earthquakes. The measures include: the forbearance of loan payments; a 90 day foreclosure moratorium; the waiver of late charges; and the suspension of credit bureau and VA reporting. The Circular also encourages servicers to extend special forbearance to National Guard members that experience financial difficulties as a result of their service.

Click Here to View the VA Circular 26-19-08