VA issued Circular 26-19-24, updating requirements with respect to loss mitigation letters sent to borrowers. Per the Circular, VA updated language that must be included in the loss mitigation letter to reflect the correct telephone number and email address for VA. VA also provided 3 options lenders and servicers may use to provide VA with confirmation that a loss mitigation letter was sent to the borrower. The updates become effective October 1, 2019.
FHA
FHA Waives Early Payment Default Review Requirements for Properties Impacted by California Wildfires
FHA issued a waiver regarding early payment default review requirements for properties impacted by the California wildfires. FHA currently requires lenders to select all early
April 2, 2025
