VA issued Circular 26-17-02 (Circular), clarifying and explaining new policy with respect to student loans and the underwriting of a VA home loan. The Circular sets forth the policy for calculating monthly loan payments for student loans that are in repayment at the time of loan closing and for student loans requiring repayment within 12 months of loan closing. The Circular went into effect January 23, 2017.
Fannie Mae
Fannie Mae Issues Servicing Guide Announcement SVC-2024-06
Fannie Mae issued Servicing Guide Announcement SVC-2024-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to eMortgages.
November 14, 2024
