VA issued Circular 26-17-01, requiring lenders to electronically submit prior approval loan packages. Currently, lenders mail prior approval loan packages to the applicable VA Regional Loan Center for underwriting. Effective February 13, 2017, lenders must electronically submit prior approval loan packages directly to VA through the WebLGY system.
CFPB
CFPB Amends Fair Credit Reporting Act with respect to Medical Information
The CFPB adopted rules amending the Fair Credit Reporting Act (FCRA) with respect to medical information. Per the rule adoption, the CFPB removed an exception