VA issued Circular 26-19-27, describing measures mortgagees may employ to provide relief to home loan borrowers affected by Hurricane Dorian. The measures include: the forebearance 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 forebearance to National Guard members that experience financial difficulties as a result of their service.
FHA
FHA Adopts Uniform Residential Loan Application for Title I Loan Programs
FHA issued Title I Letter (TIL) TIL-489, adopting the Uniform Residential Loan Application (URLA) for the Title I loan programs. Per the TIL, FHA replaced