VA revised chapters 4, 5, 7, 8, 9, 10, 11, 12, 14, 15 and Appendix B, E, G and H of the Servicer Handbook (M26-4). The revisions: clarify servicemember eligibility for protection under the SCRA; refine servicer eligibility for incentive payments; clarify the interest rate and pre-approvals for streamline loan modifications; update policy regarding the use of auction services for the termination of VA loans; amend policy regarding refund consideration and approval; clarify the Review Non-Routine Acquisition process; provide the VA address for title documents; refine title policy coverage; revise the Net Value cost factor; update the name of Loan Guaranty’s counsel; clarify where questions regarding title reconveyance and execution should be directed; update the name of the Closing Disclosure and the date as to when VA will reimburse certain advances; amend names and definitions of required post-audit documents; revise the definition of Real Estate Settlement Procedures Act (RESPA) and add the definition for Consent Judgment Foreclosure; update information regarding the modification of a Texas Veteran Land Board Loan; amend information regarding the type of foreclosure proceedings acknowledged in Illinois and revise the final loan terminating event in Delaware; and update information regarding winterization and snow removal.
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
January 16, 2025
