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.
VA
VA Clarifies Documentation Requirements Related to Supporting Itemized Fees and Charges to Borrowers
VA issued Circular 26-24-19, clarifying documentation requirements related to supporting itemized fees and charges to the borrower (or assumer). Per the Circular, reasonable and customary