VA issued Circular 26-20-20: Index for ARM Products (Circular). The Circular reminds lenders of VA regulations establishing the Constant Maturity Treasury (CMT) rate as the only approved index for ARM products. Lenders must ensure that all ARMs submitted to VA for guaranty comply with 38 CFR 36.4312(d)(1) in the use of CMT. Alternative indexes are not authorized and are ineligible for guaranty.
For more information, see: https://www.benefits.va.gov/HOMELOANS/documents/circulars/26_20_20.pdf
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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
FHA issued Mortgagee Letter 2025-01, updating Defect Taxonomy to include Servicing Loan Reviews. Per the Mortgagee Letter (ML), FHA updated the Single Family Housing Policy
RHS adopted rules amending manufactured housing provisions under the Single Family Housing Guaranteed Loan Program. The adopted rules: The final rule is effective March 4,
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