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Circular 26-20-40 - December 28, 2020
Extended Foreclosure and Eviction Relief
PURPOSE: The purpose of this Circular is to extend foreclosure and eviction relief on properties secured by VA-guaranteed loans, including those previously secured by VA-guaranteed loans but currently in VA’s Real Estate Owned (REO) portfolio.
Circular 26-20-39 - November 17, 2020
Transition to ServiceNow as Loan Guaranty Service’s (LGY) Unified Help Desk Tool
PURPOSE: The purpose of this Circular is to provide notification to all LGY application users that ServiceNow will become LGY’s help desk tool starting Thursday, November 19, 2020.
Circular 26-20-36 - September 18, 2020
Changes to Processing Site Condominiums Located in the State of Michigan
PURPOSE: The purpose of this circular is to announce changes to processing Site Condominiums for VA loan purposes in the State of Michigan.
Circular 26-20-25 Change 1 - September 15, 2020
Impact of CARES Act Forbearance on VA Purchase and Refinance Transactions
PURPOSE: The purpose of this Circular is to clarify that periods of forbearance under the CARES Act cannot count toward loan seasoning requirements for both Interest Rate Reduction Refinancing Loans (IRRRLs) and cash-out refinancing loans made to refinance a VA-guaranteed loan.
Circular 26-20-33 - September 14, 2020
Deferment as a COVID-19 Loss Mitigation Option for CARES Act Forbearance Cases
PURPOSE: The purpose of this Circular is to clarify whether, due to the impact of Coronavirus Disease 2019 (COVID-19), servicers may offer deferment as a COVID-19 loss mitigation option.
Circular 26-20-12 Change 1 - September 9, 2020
Extended Relief Under the CARES Act for those Affected by COVID-19
PURPOSE: This Circular is to clarify the loan modification option, VA Purchase option, and remove a reference to a lump sum payment.
Circular 26-20-34 - September 4, 2020
Special Relief Following Hurricane Laura
PURPOSE: This Circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by Hurricane Laura, and describes measures mortgagees may employ to provide relief.
Circular 26-20-32 - August 28, 2020
Special Relief Following Severe Storms in Iowa
PURPOSE: The purpose of this Circular is to provide assistance to Veterans Affairs (VA) home loan borrowers affected by the Severe Storms in Iowa.
Circular 26-20-31 - August 27, 2020
Special Relief Following California Wildfires
PURPOSE: The purpose of this Circular is to provide assistance to Veterans Affairs (VA) home loan borrowers affected by the wildfires in California.
Circular 26-20-30 - August 24, 2020
Extended Foreclosure Moratorium for Borrowers Affected by COVID-19
PURPOSE: The CARES Act protects borrowers with Federally backed mortgage loans who are experiencing financial hardship due to the COVID-19 national emergency. The purpose of this Circular is to extend the foreclosure moratorium.
Circular 26-20-29 - August 24, 2020
Extended Eviction Moratorium for Borrowers Affected by COVID-19
PURPOSE: The CARES Act protects borrowers with Federally backed mortgage loans who are experiencing financial hardship due to the COVID-19 national emergency. The purpose of this Circular is to extend the eviction moratorium.
Circular 26-20-28 - August 12, 2020
Interest Rate on Loan Modifications with a Trial Payment Plan
PURPOSE: This Circular provides guidance to mortgage loan servicers regarding the interest rate for loan modifications with a Trial Modification, also known as a Trial Payment Plan (TPP), on Department of Veterans Affairs’ (VA) guaranteed home loans.
Circular 26-20-27 - July 27, 2020
SAH COVID-19 Precautions for Veteran Engagement by Stakeholders: Building Contractors and VA assigned Compliance Inspectors
PURPOSE: This Circular provides guidance regarding personal precautions during the ongoing Coronavirus Disease 2019 (COVID-19) pandemic.
Circular 26-19-22 Change 1 - July 24, 2020
Clarification and Updates to Policy Guidance for VA Interest Rate Reduction Refinance Loans (IRRRLs)
PURPOSE: This Circular clarifies guidance on the calculation of statutory fee recoupment as required by Public Law 115-174, the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act), for Interest Rate Reduction Refinance Loans (IRRRLs).
Circular 26-19-13 Change 1 - July 7, 2020
Updated Prior Approval Loan Procedures
PURPOSE: This Circular extends the rescission date of Circular 26-19-13.
Circular 26-20-25 - June 30, 2020
Impact of CARES Act Forbearance on VA Purchase and Refinance Transactions
PURPOSE: This Circular provides guidance on cases impacted by the CARES Act Forbearance on VA Purchase and Refinance Transactions.
Circular 26-20-24 - June 19, 2020
Evidence of Guaranty
PURPOSE: This Circular is to notify lenders of an upcoming WebLGY system update to be released tentatively for July 12, 2020, and to provide guidance in the interim.
Circular 26-20-23 - June 18, 2020
Extended Eviction Moratorium for Borrowers Affected by COVID-19
PURPOSE: This Circular is to extend the eviction moratorium.
Circular 26-20-22 - June 17, 2020
Extended Foreclosure Moratorium for Borrowers Affected by COVID-19
PURPOSE: This Circular is to extend the foreclosure moratorium.
Circular 26-18-7 Change 1 - June 16, 2020
Construction/Permanent Home Loans
PURPOSE: This Circular is to extend the rescission date of Circular 26-18-7.
Circular 26-20-21 - June 8, 2020
Property Inspection Requirements on CARES Act Forbearance Cases
PURPOSE: This Circular is to clarify inspection requirements for properties purchased with Department of Veterans Affairs (VA) guaranteed loans where the borrowers have been impacted by Coronavirus Disease 2019 (COVID-19).
Circular 26-20-20 - June 1, 2020
Index for Adjustable-Rate Mortgage (ARM) Products
PURPOSE: This Circular is to remind lenders of Department of Veterans Affairs (VA) regulations establishing the Constant Maturity Treasury (CMT) rate as the only approved index for Adjustable Rate Mortgage (ARM) products.
Circular 26-20-14 Change 2 - May 28, 2020 | Exhibit A
New Appraisal Review Requirements and Instructions Regarding the Department of Veterans Affairs Appraisal Management Service for the Lender Appraisal Processing Program and the Servicer Appraisal Processing Program Staff Appraisal Reviewers
PURPOSE: This Circular is to provide Frequently Asked Questions (FAQs) related to the new VA Automated Management Service.
Circular 26-19-17 Change 2 - May 22, 2020
Funding Fee Guidance to Lenders and Servicers
PURPOSE: This Circular supplements the Department of Veterans Affairs (VA) Lenders Handbook, Chapter 8, Topic 8, The VA Funding Fee, and updates Chapter 6, Refinancing, concerning Interest Rate Reduction Refinancing Loans (IRRRLs).
Circular 26-20-19 - May 20, 2020
Additional Lender Guidance Concerning COVID-19
PURPOSE: This Circular is to remind lenders of current VA policies and to provide further guidance to assist the processing of VA-guaranteed loans during the National Emergency.
Circular 26-20-18 - May 15, 2020
Extended Foreclosure Moratorium for Borrowers Affected by COVID-19
PURPOSE: This Circular is to extend the foreclosure moratorium.
Circular 26-20-13 Change 1 - May 11, 2020
Valuation Practices during COVID-19 (Updated)
PURPOSE: This Circular is to provide further clarification on the effective date of the temporary guidance and additional information for valuation during a National Emergency.
Circular 26-20-17 - April 29, 2020
New Reason for Default for those Affected by COVID-19
PURPOSE: The purpose of this Circular is to announce a new Reason for Default (RFD) to help the Department of Veterans Affairs (VA) identify borrowers affected by COVID-19.
Circular 26-20-10 Change 1 - April 27, 2020
Lender Guidance for Borrowers Affected by COVID-19
PURPOSE: This Circular is to provide further guidance on temporary measures regarding loan origination, closing, and guaranty.
Circular 26-20-16 - April 21, 2020 | Exhibit A
Guidance for Noncompliant Interest Rate Reduction Refinance Loans (IRRRLs)
PURPOSE: This Circular is to outline VA's expectations regarding loans that fail to meet the statutory requirements set forth in section 309 of Public Law 115-174
Circular 26-18-6 Change 1 - April 20, 2020
Loans for Alteration and Repair
PURPOSE: This Circular is to extend the rescission date of Circular 26-18-6.
Circular 26-18-5 Change 1 - April 20, 2020
Department of Veterans Affairs (VA) Property Management and Servicing Contract
PURPOSE: This Circular is to extend the rescission date of the original Circular.
Circular 26-18-3 Change 1 - April 20, 2020
Department of Veterans Affairs (VA) Acceptance of Properties
PURPOSE: This Circular is to extend the rescission date of the original Circular.
Circular 26-20-14 Change 1 - April 17, 2020
New Appraisal Review Requirements and Instructions Regarding Department of Veterans Affairs Appraisal Management Service for the Lender Appraisal Processing Program and the Servicer Appraisal Processing Program Staff Appraisal Reviewers
PURPOSE: This Circular is to provide additional guidance and information regarding the Department of Veterans Affairs (VA), Loan Guaranty Service (LGY), transition to the new automated Appraisal Management Services (AMS) for use in enhancing the appraisal review process prior to issuance of the Notice of Value (NOV).
Circular 26-20-14 - April 14, 2020
New Appraisal Review Requirements and Instructions Regarding Department of Veterans Affairs Appraisal Management Service for the Lender Appraisal Processing Program and the Servicer Appraisal Processing Program Staff Appraisal Reviewers
PURPOSE: This Circular is to announce the Department of Veterans Affairs (VA) new automated Appraisal Management Service (AMS) for use in enhancing the appraisal review process prior to issuance of the Notice of Value (NOV).
Circular 26-20-13 - April 10, 2020 | Exhibit A
Valuation Practices during COVID-19 (Updated)
PURPOSE: On March 13, 2020, the President of the United States declared a National Emergency due to Coronavirus Disease 2019 (COVID-19). Loan Guaranty (LGY) is committed to protecting Veterans, appraisers and industry stakeholders while continuing to execute our mission of delivering VA home loan benefits.
Circular 26-20-12 - April 9, 2020
Extended Relief Under the CARES Act for those Affected by COVID-19
PURPOSE: On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), Public Law 116-136. The CARES Act protects borrowers with Federally backed mortgage loans who are experiencing financial hardship due to the COVID-19 national emergency.
Circular 26-20-11 - March 27, 2020 | Exhibit A
Valuation Practices during COVID-19
PURPOSE: This Circular provides guidance for valuation and appraising for VA home loan purposes during COVID-19.
Circular 26-20-10 - March 27, 2020
Lender Guidance for Borrowers Affected by COVID-19
PURPOSE: This Circular provides guidance for Department of Veterans Affairs (VA) home loan borrowers affected by COVID-19 and describes temporary measures regarding loan origination, closing, and guaranty.
Circular 26-20-8 - March 18, 2020
Foreclosure Moratorium for Borrowers Affected by COVID19
PURPOSE: The Department of Veterans Affairs (VA) strongly encourages mortgage servicers to observe the following actions regarding home loan borrowers affected or potentially affected by Coronavirus Disease 2019 (COVID-19).
Circular 26-20-7 - March 16, 2020
Special Relief for those Potentially Impacted by COVID-19
PURPOSE: The Department of Veterans Affairs (VA) is working with other federal partners to assess next steps in response to recent reports of cases of Coronavirus Disease 2019 (COVID-19) in the United States. To keep Veterans and stakeholders safe while continuing the mission of VA Home Loan Program, VA is providing the following information. Please note, VA is continuing with normal program operations and information will be shared as updates are made available regarding the VA Home Loan program.
Circular 26-20-6 - March 16, 2020
Electronic Filing of Condominium Association Documents
PURPOSE: This Circular is to announce that the Department of Veterans Affairs (VA) will require the electronic submission of documents for condominium approval requests through WebLGY, effective immediately.
Circular 26-20-5 - March 11, 2020
Special Relief Following Tennessee Severe Storms, Tornadoes, Straight-line Winds, and Flooding
PURPOSE: This Circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by the severe storms, tornadoes, straight-line winds, and flooding in Tennessee, and describes measures mortgagees may employ to provide relief. Mortgage servicers and borrowers alike should review VA’s Guidance on Natural Disasters to ensure Veterans receive the assistance they need.
2019
Circular 26-19-33 - December 20, 2019
2020 Department of Veterans Affairs County Loan Limits
PURPOSE: This Circular announces the Department of Veterans Affairs’ (VA) effective loan limits for calculating entitlement for VA-guaranteed loans that close on or after January 1, 2020.
Circular 26-19-31 - November 15, 2019
Assisted Appraisal Processing Program (AAPP)
PURPOSE: To implement Section 7 of Public Law 116-23, Blue Water Navy Vietnam Veterans Act of 2019 (the Act).
Circular 26-19-30 - November 15, 2019 - Exhibit A | Exhibit B
Updated Guidance for Blue Water Navy Vietnam Veterans Act of 2019
PURPOSE: To provide implementing policy guidance concerning Section 6 of Public Law 116-23, Blue Water Navy Vietnam Veterans Act of 2019 (the Act).
Circular 26-19-29 - November 8, 2019 -
Special Relief Following Tropical Storm Imelda
PURPOSE: This circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by Tropical Storm Imelda, and describes measures mortgagees may employ to provide relief.
Circular 26-19-17 - Change 1 - October 17, 2019 -
Funding Fee Guidance to Lenders and Servicers
PURPOSE: This circular supplements the Department of Veterans Affairs (VA) Lenders Handbook, Chapter 8, Topic 8, The VA Funding Fee, and updates Chapter 6, Refinancing, concerning Interest Rate Reduction Refinancing Loans (IRRRLs).
Circular 26-19-25 - Change 1 - October 11, 2019 -
Transition from Veterans Information Portal (VIP) to LGY Hub
PURPOSE: This purpose of this circular is to provide additional guidance and information regarding the Department of Veterans Affairs (VA), Loan Guaranty Service (LGY) migration from the Veterans Information Portal (VIP) to the LGY Hub.
Circular 26-19-27 - October 8, 2019 -
Special Relief Following Hurricane Dorian
PURPOSE: This circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by Hurricane Dorian, and describes measures mortgagees may employ to provide relief.
Circular 26-19-24 - Change 2 - September 25, 2019 -
Servicer Loss Mitigation Letters on Delinquent Loans
PURPOSE: This circular provides guidance and instructions to mortgage loan servicers concerning servicer collection letters on Department of Veterans Affairs (VA) guaranteed home loans to delinquent borrowers in accordance with Title 38, Code of Federal Regulations (CFR) 36.4350.
Circular 26-19-25 - September 19, 2019 -
Transition from Veterans Information Portal (VIP) to LGY Hub
PURPOSE: This purpose of this circular is to provide additional guidance and information regarding the Department of Veterans Affairs (VA), Loan Guaranty Service (LGY) migration from the Veterans Information Portal (VIP) to the LGY Hub.
Circular 26-19-24 - Change 1 - September 9, 2019 -
Servicer Loss Mitigation Letters on Delinquent Loans
PURPOSE: This circular provides guidance and instructions to mortgage loan servicers concerning servicer collection letters on Department of Veterans Affairs (VA) guaranteed home loans to delinquent borrowers in accordance with Title 38, Code of Federal Regulations (CFR) 36.4350.
Circular 26-19-24 - August 19, 2019 -
Servicer Loss Mitigation Letters on Delinquent Loans
PURPOSE: This circular provides guidance and instructions to mortgage loan servicers concerning servicer collection letters on Department of Veterans Affairs (VA) guaranteed home loans to delinquent borrowers in accordance with Title 38, Code of Federal Regulations (CFR) 36.4350.
Circular 26-19-23 - August 9, 2019 -
Blue Water Navy Vietnam Veterans Act of 2019
PURPOSE: The purpose of this circular is to provide interim guidance concerning the U.S. Department of Veterans Affairs (VA) implementation of The Blue Water Navy Vietnam Veterans Act of 2019 (the Act).
Circular 26-19-22 - August 8, 2019 - Exhibit A | Exhibit B | Exhibit C
Clarification and Updates to Policy Guidance for VA Interest Rate Reduction Refinance Loans (IRRRLs)
PURPOSE: The purpose of this circular is to consolidate and clarify guidance regarding how section 309 of Public Law 115-174, the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act), affects IRRRLs..
Circular 26-19-21 - July 30, 2019 -
Special Relief Following Hurricane Barry
PURPOSE: This circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by Hurricane Barry on the Gulf Coast, and describes measures mortgagees may employ to provide relief.
Circular 26-19-20 - July 30, 2019 -
Loan Guaranty Service - Customer Service Protocol
PURPOSE: Loan Guaranty Service is committed to providing the highest level of customer service to all Veterans as well as their lenders and servicers.
Circular 26-19-19 - July 29, 2019 - Exhibit A
VA Loan Full File Loan Review - File Upload Stacking Order
PURPOSE: The purpose of this circular is to announce The Department of Veterans Affairs new mandatory stacking order for files selected for VA full file loan review of all loan applications submitted to VA on, or after July 29, 2019.
Circular 26-19-17 - June 28, 2019 -
Funding Fee Guidance to Lenders and Servicers
PURPOSE: This circular supplements the Department of Veterans Affairs (VA) Lenders Handbook, Chapter 8, Topic 8, The VA Funding Fee, and updates Chapter 6, Refinancing, concerning Interest Rate Reduction Refinancing Loans (IRRRLs).
Circular 26-15-12 - Change 2 - June 20, 2019 -
Renewal of Appraisal Review Requirements and Instructions Regarding Department of Veterans Affairs Appraisal Management Service for the Lender Appraisal Processing Program and the Servicer Appraisal Processing Program Staff Appraisal Reviewers
PURPOSE: The purpose of this circular is to extend the rescission date of the basic circular so that stations continue to provide guidance on the VA's position as it relates to these procedures.
Circular 26-19-16 - June 20, 2019 -
Special Relief Following Severe Storms and Flooding in Arkansas
PURPOSE: This circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by the severe storms and flooding in Arkansas and describes measures mortgagees may employ to provide relief.
Circular 26-19-15 - June 18, 2019 -
Special Relief Following Severe Storms, Straight-line Winds, Tornadoes, and Flooding in Oklahoma
PURPOSE: This circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by the severe storms, straight-line winds, tornadoes, and flooding in Oklahoma and describes measures mortgagees may employ to provide relief.
Circular 26-19-14 - June 18, 2019 -
Special Relief Following Severe Storms and Tornadoes in Louisiana
PURPOSE: This circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by the severe storms and tornadoes in Louisiana and describes measures mortgagees may employ to provide relief.
Circular 26-19-13 - June 11, 2019 -
Updated Prior Approval Loan Procedure
PURPOSE: The purpose of this Circular updates Chapter 5, Topic 4, subsection a, and Chapter 7, Topic 1, subsection f, of the VA Lenders Handbook, VA Pamphlet 26-7, Revised.
Circular 26-19-12 - May 16, 2019 -
Requesting Appraisals without the Certificate of Eligibility (COE) Determination
PURPOSE: The purpose of this Circular is to announce the Department of Veterans Affairs (VA) no longer will allow appraisals to be requested through WebLGY prior to ordering a COE..
Circular 26-19-11 - April 8, 2019 -
Special Relief Following Floods in Nebraska
PURPOSE: This circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by floods in Nebraska, and describes measures mortgagees may employ to provide relief..
Circular 26-19-10 - March 29, 2019 -
Special Relief Following Iowa Severe Storms and Flooding
PURPOSE: This circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by severe storms and flooding in Iowa, and describes measures mortgagees may employ to provide relief..
Circular 26-19-9 - March 15, 2019 -
Handling Unreimbursed Business Expenses and Commission Income
PURPOSE: The purpose of this circular is to revise the Department of Veterans Affairs (VA) underwriting guidelines [VA Lenders Handbook, Chapter 4, Topic 2 i - "Income from Commissions"] to remove the requirements for Internal Revenue Service (IRS) Form 2106 with the exception of Armed Forces Reservist, qualified performing artists, fee-basis state or local officials, and employees with impairment-related work expenses..
Circular 26-19-8 - March 1, 2019 -
Special Relief Following Alaska Earthquakes
PURPOSE: This circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by the Alaska earthquakes, and describes measures mortgagees may employ to provide relief..
Circular 26-19-7 - March 8, 2019 -
Special Relief Following Alabama Severe Storms, Straight-line Winds and Tornadoes
PURPOSE: This circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by sever storms, straight-line winds and tornadoes in the state of Alabama, and describes measures mortgagees may employ to provide relief..
Circular 26-19-5 - Change 1 - February 15, 2019 -
VA-Guaranteed Cash-Out Refinancing Home Loans (AQ42)
PURPOSE: The purpose of this circular is to make a change to page 4, section d, subsection (3), of Circular 26-19-5.
Circular 26-19-5 - February 14, 2019 - Exhibit A
VA-Guaranteed Cash-Out Refinancing Home Loans (AQ42)
PURPOSE: This circular clarifies the Department of Veterans Affairs (VA) new policies regarding VA-guaranteed cash-out refinancing loans, including refinancing of construction loans (construction-to-perm).
Circular 26-18-21 - Change 1 - January 18, 2019 -
Procedures to Implement PL 115-177 (Housing Adaptations Under Chapter 31 Entitlement)
PURPOSE: The purpose of this circular is to clarify the process of requesting Minimum Property Requirements (MPRs) and to correct the VA Form number required.
Circular 26-19-2 - January 8, 2019 -
VA Loan Origination Guidance During a Federal Government Shutdown
PURPOSE: This circular provides guidance for Department of Veterans Affairs (VA) home loan borrowers affected by the Federal Government shutdown, and describes measures regarding loan origination.
Circular 26-19-1 - January 8, 2019 -
Special Relief Following the Federal Government Shutdown
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by the Federal Government shutdown, and describes measures mortgagees may employ to provide relief.
Circular 26-17-39 - Change 2 - January 4, 2019 -
Updated Disaster Modification Guidance
PURPOSE: The purpose of this circular is to extend the rescission date of the original circular.
2018
Circular 26-18-21 - Change 1 - January 18, 2019 -
Procedures to Implement PL 115-177 (Housing Adaptations Under Chapter 31 Entitlement)
PURPOSE: The purpose of this circular is to clarify the process of requesting Minimum Property Requirements (MPRs) and to correct the VA Form number required.
Circular 26-18-30 - Change 1 - December 21, 2018 -
Revisions to VA-Guaranteed Cash-Out Refinancing Home Loans (RIN 2900-AQ42)
PURPOSE: The purpose of this circular is to clarify loan seasoning requirements for TYPE II cash-out refinancing loans.
Circular 26-15-30 - Change 2 - December 19, 2018 -
Title Documentation of HOA Matters in Florida
PURPOSE: The purpose of this circular is to extend the rescission date and update contact information.
Circular 26-18-30 - December 19, 2018 -
Revisions to VA-Guaranteed Cash-Out Refinancing Home Loans (RIN 2900-AQ42)
PURPOSE: The purpose of this circular is to announce the Department of Veterans Affairs (VA) new policies regarding VA-guaranteed cash-out refinancing loans, including refinancing of construction loans (construction-to-permanent).
Circular 26-18-28 - December 13, 2018 -
Loan Guaranty Red Flag Rules Policy
PURPOSE: This circular conveys Loan Guaranty Service's Red Flag Rules Policy to aid in the detection, prevention, and mitigation of identity theft in connection with the Department of Veteran Affairs (VA) portfolio Loans.
Circular 26-14-4 - Change 2 - December 13, 2018 -
2019 Clarification of the Department of Veterans Affairs (VA) Acceptance of Water Catchment Systems in the State of Hawaii
PURPOSE: The purpose of this circular is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position as it relates to these procedures.
Circular 26-18-27 - December 12, 2018 -
2019 Department of Veterans Affairs County Loan Limits
PURPOSE: This circular announces the Department of Veterans Affairs (VA) effective loan limits closed on or after January 1, 2019.
Circular 26-18-26 - November 15, 2018 -
Special Relief Following California Wildfires
PURPOSE: This circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by the California wildfires, and describes measures mortgagees may employ to provide relief.
Circular 26-18-25 - October 30, 2018 -
The Effect of Guaranty Claim Payments on Veteran Home Loan Entitlement
PURPOSE: This circular provides clarification regarding a Veteran's entitlement when a Department of Veterans Affairs (VA) guaranteed home loan is terminated by foreclosure, compromise sale (short sale), or deed-in-lieu of foreclosure (DIL) and a claim under the guaranty is paid.
Circular 26-18-23 - October 15, 2018 -
Special Relief Following Hurricane Michael
PURPOSE: This Circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by Hurricane Michael, and describes measures mortgagees may employ to provide relief. Mortgage servicers and borrowers alike should review VA’s Guidance on Natural Disasters to ensure Veterans receive the assistance they need.
Circular 26-18-19 - September 27, 2018 -
Annual Increase in Construction Cost Index and Specially Adapted Housing (SAH), Special Housing Adaptations (SHA), and Temporary Residence Adaptations (TRA) Grants
PURPOSE: Effective October 1, 2018, the Department of Veterans Affairs (VA) announces that the SAH, SHA, and TRA grant amounts will increase.
Circular 26-18-18 - September 18, 2018 -
Special Relief Following Hurricane Florence
PURPOSE: This circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by Hurricane Florence, and describes measures mortgagees may employ to provide relief.
Circular 26-18-17 - August 30, 2018 -
Special Relief Following Hurricane Lane
PURPOSE: This circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by Hurricane Lane, and describes measures mortgagees may employ to provide relief.
Circular 26-18-16 - June 14, 2018 -
Special Relief Following Maine Severe Storm and Flooding
PURPOSE: This circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by a severe storm and flooding in the State of Maine, and describes measures mortgagees may employ to provide relief.
Circular 26-16-14 - Change 1 - June 11, 2018 -
Title Requirements for Conveyance of Real Property
PURPOSE: The purpose of this circular is to extend the rescission date of the original circular.
Circular 26-18-14 - May 31, 2018 -
Lender's Certification Requirement for VA Guaranteed Loans
PURPOSE: The purpose of this circular is to provide clarification on the regulatory requirement that all Department of Veterans Affairs (VA) guaranteed loans require lender certifications.
Circular 26-18-13 - May 25, 2018 - Exhibit A
Policy Guidance Update: VA Refinance Loans and the Economic Growth, Regulatory Relief and Consumer Protection Act
PURPOSE: To inform program participants about the impact of the provisions of The Protecting Veterans From Predatory Lending Act of 2018, as it relates to Veterans Affairs (VA) Home Loan financing.
Circular 26-18-12 - May 24, 2018 -
Changes to Processing Site Condominiums Located in the State of Michigan
PURPOSE: The purpose of this circular is to announce changes to processing site condominiums for VA loan purposes in the state of Michigan.
Circular 26-18-11 - May 16, 2018 -
Change to Winterization Fee Policy
PURPOSE: This Circular provides updated guidance on winterization fees for preservation of properties securing VA-guaranteed loans.
Circular 26-18-10- May 16, 2018 -
Special Relief Following Hawaii Volcanic Eruptions and Earthquakes
PURPOSE: This Circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by volcanic eruptions and earthquakes in the State of Hawaii, and describes measures mortgagees may employ to provide relief.
Circular 26-18-9 - May 14, 2018 -
Special Relief Following North Carolina Tornado and Severe Storms
PURPOSE: This circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by the tornado and severe storms in the State of North Carolina and describes measures mortgagees may employ to provide relief.
Circular 26-18-8 - May 14, 2018 -
Special Relief Following Hawaii Severe Storms, Flooding, Landslides and Mudslides
PURPOSE: This circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by severe storms, flooding, landslides and mudslides in the State of Hawaii and describes measures mortgagees may employ to provide relief.
Circular 26-17-39 - Change 1 - May 8, 2018 -
Updated Disaster Modification Guidance
PURPOSE: The purpose of this circular is to clarify VA's position on re-amortization when required through investor guidelines and to correct the numbering of section titled "Rescission".
Circular 26-18-7 - April 6, 2018 -
Construction/Permanent Home Loans
PURPOSE: This circular replaces Chapter 7, Topic 2, Construction Loans, in the Department of Veterans Affairs (VA) Pamphlet 26-7, Lender's Handbook.
Circular 26-18-6 - April 5, 2018 -
Loans for Alteration and Repair
PURPOSE: This circular replaces Chapter 7, Topic 4, Loans for Alteration and Repair, in the Department of Veterans Affairs (VA) Lender's Handbook, 26-7.
Circular 26-18-1 - Change 1 - April 5, 2018 - Exhibit A
Policy Guidance for VA Interest Rate Reduction Refinance Loans (IRRRL)
PURPOSE: The purpose of this Circular is to clarify questions by adding frequently asked questions with answers, and update some administrative guidance.
Circular 26-15-18 - Change 2 - March 20, 2018 -
Paid in Full Notification of Loans Guaranteed for Repurchase Under the Provisions of 38 C.F.R. 36.4600 (VA Regulation 4600 Loans)
PURPOSE: The purpose of this Circular is to extend the rescission date and update contact information.
Circular 26-17-23 - Change 2 - March 5, 2018 -
Special Relief Following Hurricane Harvey
PURPOSE: The purpose of this circular is to extend the established moratorium on foreclosures following a major disaster.
Circular 26-17-28 - Change 2 - March 1, 2018 -
Special Relief Following Hurricane Maria
PURPOSE: The purpose of this circular is to extend the established moratorium on foreclosures following a major disaster.
Circular 26-17-27 - Change 2 - March 1, 2018 -
Special Relief Following Hurricane Irma
PURPOSE: The purpose of this circular is to extend the established moratorium on foreclosures following a major disaster.
Circular 26-18-5 - February 27, 2018 - Exhibit A | Exhibit B
Department of Veterans Affairs (VA) Property Management and Servicing Contract
PURPOSE: This Circular provides details concerning operational matters related to VA's Real Estate Owned (REO) and direct loan portfolio, also known as VA's National Portfolio, performed by Vendor Resource Management (VRM) under the U.S. Department of Veterans Affairs (VA) REO and Portfolio Servicing Contract (RSPC).
Circular 26-18-4 - February 23, 2018 -
Policy Reminder for Lender's Payment or Credit of Veterans Costs in VA Home Loans
PURPOSE: The purpose of this circular is to clarify policy guidance to lenders regarding the use of credits or interest rates to pay borrower costs in Department of Veterans Affairs (VA) guaranteed home loan transaction.
Circular 26-18-3 - February 23, 2018 -
Department of Veterans Affairs (VA) Acceptance of Properties
PURPOSE: This circular provides guidance on requests for execution of documents related to the conveyance or reconveyance of properties to the Secretary of The Department of Veterans Afairs (VA) to provide specific details to those authorized to sign documents for the Secretary, and to those who submit such documents.
Circular 26-15-9 - Change 1 - February 6, 2018 -
Servicer Statutory Redemption Procedure
PURPOSE: The purpose of this circular is to extend the rescission date.
Circular 26-15-2 - Change 1 - February 6, 2018 -
Reconveyance Disputes Process
PURPOSE: The purpose of this circular is to extend the rescission date.
Circular 26-18-1 - February 1, 2018 -
Policy Guidance for VA Interest Rate Reduction Refinance Loans (IRRRL)
PURPOSE: The purpose of this circular is to inform lenders of new policy guidance on IRRRL disclosures.
2017
Circular 26-17-39 - Change 2 - January 4, 2019 -
Updated Disaster Modification Guidance
PURPOSE: The purpose of this circular is to clarify VA's position on re-amortization when required through investor guidelines and to correct the numbering of section titled "Rescission".
Circular 26-17-39 - Change 1 - May 8, 2018 -
Updated Disaster Modification Guidance
PURPOSE: The purpose of this circular is to clarify VA's position on re-amortization when required through investor guidelines and to correct the numbering of section titled "Rescission".
Circular 26-17-23 - Change 2 - March 5, 2018 -
Special Relief Following Hurricane Harvey
PURPOSE: The purpose of this circular is to extend the established moratorium on foreclosures following a major disaster.
Circular 26-17-28 - Change 2 - March 1, 2018 -
Special Relief Following Hurricane Maria
PURPOSE: The purpose of this circular is to extend the established moratorium on foreclosures following a major disaster.
Circular 26-17-27 - Change 2 - March 1, 2018 -
Special Relief Following Hurricane Irma
PURPOSE: The purpose of this circular is to extend the established moratorium on foreclosures following a major disaster.
Circular 26-17-43 - December 29, 2017 -
Clarification of Third-Party Verfication Requirements
PURPOSE: The purpose of this circular is to clarify the Department of Veterans Affairs (VA) policy regarding third-party verification requirements for loan underwriting.
Circular 26-17-42 - December 12, 2017 -
Special Relief Following California Wildfires
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by the California wildfires, and describes measures mortgagees may employ to provide relief.
Circular 26-17-41 - December 12, 2017 -
2018 Department of Veterans Affairs County Loan Limits
PURPOSE: This circular announces the Department of Veterans Affairs (VA) effective loan limits for loans closed on or after January 1, 2018.
Circular 26-16-3 - Change 1 - November 27, 2017 - Exhibit A
Department of Veterans Affairs Qualified Mortgage Interim Final Rule Frequently Asked Questions
PURPOSE: The purpose of this circular is to extend the rescission date.
Circular 26-17-39 - November 27, 2017 -
Updated Disaster Modification Guidance
PURPOSE: This circular provides guidance regarding Department of Veterans Affairs (VA) new Disaster Loan Modification option, and describes updated measures mortgagees may employ to provide relief.
Circular 26-17-38 - November 27, 2017 - Exhibit A
Updates to the VA Property Management and Servicing Contract
PURPOSE: This circular provides details concerning operational matters related to VA's Real Estate Owned (REO) and direct loan portfolio, also known as VA's National Portfolio, performed by Vendor Resource Management (VRM) under the U.S. Department of Veterans Affairs (VA) REO and Portfolio Servicing Contract (RPSC).
Circular 26-17-36 - November 16, 2017 -
WebLGY System Enhancements for Certificate of Eligibility (COE) Processing
PURPOSE: The purpose of this Circular is to announce system enhancements to the Department of Veterans Affairs (VA) COE processing in WebLGY.
Circular 26-17-34 - October 24, 2017 -
Individual Condominium Loan Processing in the Department of Veterans Affairs (VA) WebLGY System
PURPOSE: The purpose of this Circular is to address questions that have arisen since system changes occurred on October 6, 2017, in the Department of Veterans Affairs (VA) WebLGY system in regards to Condominium (Condo) identification (ID). This will be addressed in a future system release.
Circular 26-17-28 - Change 1 - October 23, 2017 -
Special Relief Following Hurricane Maria
PURPOSE: The purpose of this Circular is to extend the established moratorium on foreclosures following a major disaster.
Circular 26-17-27 - Change 1 - October 23, 2017 -
Special Relief Following Hurricane Irma
PURPOSE: The purpose of this Circular is to extend the established moratorium on foreclosures following a major disaster.
Circular 26-17-23 - Change 1 - October 23, 2017 -
Special Relief Following Hurricane Harvey
PURPOSE: The purpose of this Circular is to extend the established moratorium on foreclosures following a major disaster.
Circular 26-17-32 - October 18, 2017 -
Special Relief Following Wisconsin Severe Storms, Straight-line Winds, Flooding, Landslides and Mudslides
PURPOSE: This Circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by severe storms, straight-line winds, flooding, landslides, and mudslides in the State of Wisconsin, and describes measures mortgagees may employ to provide relief.
Circular 26-17-31 - October 13, 2017 -
Special Relief Following California Wildfires
PURPOSE: This circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by the California Wildfires, and describes measures mortgagees may employ to provide relief.
Circular 26-17-30 - October 13, 2017 -
Special Relief Following Hurricane Nate
PURPOSE: This circular sxpresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by Hurricane Nate and describes measures mortgagees may employ to provide relief.
Circular 26-11-14 - Change 4 - September 29, 2017 -
Uniform Appraisal Dataset (UAD)
PURPOSE: The purpose of this change is to extend the rescission date.
Circular 26-17-28 - September 27, 2017 -
Special Relief Following Hurricane Maria
PURPOSE: This Circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by Hurricane Maria, and describes measures mortgagees may employ to provide relief.
Circular 26-15-25 - Change 1 - September 22, 2017 -
Compromise Sale Appraisal Requirements
PURPOSE: The purpose of this circular is to extend the rescission date of the basic circular.
Circular 26-17-27 - September 18, 2017 -
Special Relief Following Hurricane Irma
PURPOSE: This Circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by Hurricane Irma, and describes measures mortgagees may employ to provide relief.
Circular 26-17-26 - September 19, 2017 -
Annual Increase in Construction Cost Index and Specially Adapted Housing (SAH), Special Housing Adaptations (SHA), and Temporary Residence Adaptations (TRA) Grants
PURPOSE: Effective October 1, 2017, the Department of Veterans Affairs (VA) announces that the SAH, SHA, and TRA grant amounts will increase.
Circular 26-17-25 - August 29, 2017 -
Special Relief Following Iowa Severe Storms, Tornadoes, Straight-line Winds, and Flooding
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by severe storms, tornadoes, straight-line winds, and flooding, in the State of Iowa, and describes measures mortgagees may employ to provide relief.
Circular 26-17-24 - August 29, 2017 -
Special Relief Following Idaho Flooding, Landslides, and Mudslides
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by the flooding, landslides and mudslides in the State of Idaho, and describes measures mortgagees may employ to provide relief.
Circular 26-17-23 - August 29, 2017 -
Special Relief Following Hurricane Harvey
PURPOSE: This Circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by Hurricane Harvey, and describes measures mortgagees may employ to provide relief.
Circular 26-17-22 - August 22, 2017 -
Special Relief Following Severe Flooding, Landslides, and Mudslides in West Virginia
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by severe flooding, landslides and mudslides in the State of West Virginia, and describes measures mortgagees may employ to provide relief.
Circular 26-17-21 - August 4, 2017 -
Special Relief Following Nebraska Severe Storms, Tornados, and Straight-line Winds
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by severe storms, tornados, and straight-line winds in the State of Nebraska, and describes measures mortgagees may employ to provide relief.
Circular 26-17-19 - July 19, 2017 -
Clarification of Individual Water Supply System Testing
PURPOSE: This circular provides clarification and guidance concerning testing of individual (private) water supply systems for properties subject to Department of Veterans Affairs (VA) backed loans.
Circular 26-17-18 - July 19, 2017 -
Procedures for Improving Communication with Fee Appraisers in Regards to the Tidewater Process
PURPOSE: The purpose of this circular is to enforce and re-affirm VA's Tidewater policy.
Circular 26-15-12 - Change 1 - July 7, 2017 -
Renewal of Appraisal Review Requirements and Instructions Regarding Department of Veterans Affairs Appraisal Management Service for the Lender Appraisal Processing Program and the Servicer Appraisal Processing Program Staff Appraisal Reviewers
PURPOSE: The purpose of this Circular is to extend the rescission date of the basic Circular so that stations continue to provide guidance on the VA’s position as it relates to these procedures.
Circular 26-14-28 - Change 1 - June 29, 2017 -
Reduction in the Validity Period on Department of Veterans Affairs (VA) Notices of Value for Proposed Construction
PURPOSE: The purpose of this Circular is to extend the rescission date of the basic Circular so that stations continue to provide guidance on the VA’s position as it relates to these procedures.
Circular 26-17-16 - June 29, 2017 - Exhibit A
Award of VA Property Management and Servicing Contract
PURPOSE: This circular provides details concerning the award of the U.S. Department of Veterans Affairs (VA) Real Estate Owned (REO) and Portfolio Servicing Contract (RPSC) to Vendor Resource Management (VRM), and operational matters related to VA's REO and direct loan portfolio, also known as VA's National Portfolio.
Circular 26-17-14 - May 19, 2017 -
Clarification of Locational Requirements of Comparable Sale Properties for VA Appraisals
PURPOSE: The purpose of this circular is to provide clarification for distance or proximity requirements of comparable sale properties used in VA appraisals.
Circular 26-12-6 - Change 2 - May 15, 2017 -
Credit Policy Updates
PURPOSE: The purpose of this circular is to extend the rescission date of the basic Circular so that stations continue to provide guidance on VA's position as it relates to these procedures.
Circular 26-17-12 - Change 1 - May 12, 2017 -
Instructions for Completion of VA Form 26-8923, Interest Rate Reduction Refinance Loan Worksheet
PURPOSE: The purpose of this change is to make minor corrections to Circular 26-17-12.
Circular 26-17-11 - April 11, 2017 - Exhibit A | Exhibit B
Instructions Regarding Documentation of Allowable Fees and Charges on the Truth in Lending Act- Real Estate Settlement Procedures Act (TILA-RESPA) Integrated Disclosure Closing Disclosure (TRID-CD Form)
PURPOSE: This Circular provides the Department of Veterans Affairs’ (VA) requirements for accurate completion of the Consumer Financial Protection Bureau (CFPB)’s Truth in Lending Act- Real Estate Settlement Procedures Act Integrated Disclosure Closing Disclosure (TRID-CD) document.
Circular 26-17-12 - April 12, 2017 -
Instructions for Completion of VA Form 26-8923, Interest Rate Reduction Refinance Loan Worksheet
PURPOSE: This Circular clarifies the Department of Veterans Affairs’ (VA) requirements regarding the completion of VA Form 26-8923, Interest Rate Reduction Refinancing Loan Worksheet, effective for all Interest Rate Reduction Refinance Loan (IRRRL) applications originated (initial Fannie Mae Form 1003 application date) on or after July 2, 2017.
Circular 26-17-10 - April 7, 2017 -
Department of Veterans Affairs Affordable Modification
PURPOSE: This Circular provides guidance and instructions for modifying Department of Veterans Affairs (VA) guaranteed loans, which replaces previous guidance issued regarding the VA Home Affordable Modification Program (HAMP).
Circular 26-15-30 - Change 1 - March 9, 2017 -
Title Documentation of HOA Matters in Florida
PURPOSE: The purpose of this change is to extend the rescission date of the basic Circular.
Circular 26-14-23 - Change 1 - February 15, 2017 -
Appraisal of Proposed or Under Construction Properties from Model Homes
PURPOSE: The purpose of this change is to extend the rescission date of the basic Circular.
Circular 26-15-29 - Change 1 - February 15, 2017 -
Regarding Determinations of Spousal Status When Processing Applications for VA-Guaranteed Home Loans
PURPOSE: The purpose of this change is to extend the rescission date of the basic Circular.
Circular 26-17-7 - February 14, 2017 -
Continued Requirement for Using HUD Forms NPMA-99-A and NPMA-99-B for New and Proposed Construction Properties
PURPOSE: The purpose of this Circular is to remind all Department of Veterans Affairs (VA) Home Loan program participants that VA will continue to require the use of the current National Pest Management Association (NPMA) Department of Housing and Urban Development (HUD) Forms.
Circular 26-17-6 - February 14, 2017 -
Cursory Review Status in WebLGY
PURPOSE: The Circular provides a new system requirement for Staff Appraisal Reviewers (SARs).
Circular 26-17-5 - February 10, 2017 -
Policy Changes Affecting Value Adjustments and Photographs
PURPOSE: This circular is a continuation of two previously active policies; value adjustments to the Department of Veterans Affairs (VA) Notice of Value (NOV) by lender's Staff Appraisal Reviewers (SARs), and required photographs in VA appraisals.
Circular 26-17-4 - February 10, 2017 -
Special Relief Following Severe Storms and Tornadoes in Georgia and Mississippi
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by severe storms and tornadoes in the states of Georgia and Mississippi, and describes measures mortgagees may employ to provide relief.
Circular 26-13-24 - Change 2 - February 6, 2017 -
Department of Veterans Affairs (VA) Water/Sewer Connection Requirements
PURPOSE: The purpose of this circular is to provide updated VA requirements for water/sewer connection for properties which are on individual water and/or sewer systems.
Circular 26-17-3 - February 6, 2017 -
Agreement of Sale/Sales Contract to be Provided to the Fee Appraiser
PURPOSE: The purpose of this circular is to clarify the continuation of policy that the Department of Veterans Affairs (VA) requires a copy of the agreement of sale or sales contract be provided to the fee appraiser by the requester of the VA appraisal upon assignment.
Circular 26-17-2 - January 23, 2017 -
Clarification and New Policy for Student Loan Debts and Obligations
PURPOSE: The purpose of this circular is to clarify and explain new policy regarding student loans for the underwriting of Department of Veterans Affairs (VA) guaranteed home loans.
Circular 26-17-1 - January 13, 2017 -
New Electronic Upload of Prior Approval Loan Submissions
PURPOSE: The purpose of this circular is to announce that the Department of Veterans Affairs (VA) will require lenders to upload prior approval loan submissions electronically through the WebLGY system.
Circular 26-14-35 - Change 1 - January 4, 2017 -
Policy Changes for Specially Adapted Housing, Special Housing Adaptation, and Temporary Residence Adaptations Grants
PURPOSE: The purpose of this Circular is to extend the rescission date of the basic Circular, and update contact information.
2016
Circular 26-16-14 - Change 1 - June 11, 2018 -
Title Requirements for Conveyance of Real Property
PURPOSE: The purpose of this Circular is to extend the rescission date of the original Circular.
Circular 26-16-3 - Change 1 - November 27, 2017 - Exhibit A
Department of Veterans Affairs Qualified Mortgage Interim Final Rule Frequently Asked Questions
PURPOSE: The purpose of this circular is to extend the rescission date.
Circular 26-14-22 - Change 1 - December 22, 2016 -
VA Making Home Affordable Program
PURPOSE: The purpose of this Circular is to extend the rescission date of the basic Circular.
Circular 26-13-13 - Change 2 - December 12, 2016 -
Use of Electronic Signatures in Conjunction with Department of Veterans Affairs (VA) Guaranteed Home Loans
PURPOSE: The purpose of this circular is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position as it relates to these procedures.
Circular 26-16-37 - December 5, 2016 - Exhibit A
Requirements for Notification, Evaluation, and Reduction of Lead-Based Paint Hazards in VA-Acquired Properties
PURPOSE: To update VA guidance on implementation of Department of Housing and Urban Development (HUD) and Environmental Protection Agency (EPA) guidelines governing the notification, evaluation, and reduction of lead-based paint (LBP) and/or lead-based paint hazards in federally-owned residential housing managed by a private sector service provider.
Circular 26-16-36 - December 1, 2016 -
2017 Department of Veterans Affairs County Loan Limits
PURPOSE: This circular announces the Department of Veterans Affairs' (VA) effective loan limits for loans closed on or after January 1, 2017.
Circular 26-16-35 - November 3, 2016 -
Electronic Filing of Condominium Association Documents
PURPOSE: The purpose of this circular is to announce that the Department of Veterans Affairs (VA) will require the electronic submission of documents for condominium approval requests through WebLGY effective immediately.
Circular 26-16-33 - October 26, 2016 -
Five-Digit Builder Identification (ID) Number
PURPOSE: The purpose of this circular is to inform Loan Guaranty (LGY) program participants that builder ID numbers are now five digits to accommodate areas that have used all of their four-digit allocation.
Circular 26-16-31 - October 11, 2016 -
Special Relief Following Hurricane Matthew
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by Hurricane Matthew, and describes measures mortgagees may employ to provide relief.
Circular 26-16-28 - October 4, 2016 -
Single-Family Home Sustainability Initiative
PURPOSE: The purpose of this circular is to define the Department of Veterans Affairs (VA) support for SIngle-Family Home Sustainability Initiative.
Circular 26-16-27 - September 27, 2016 -
Annual Increase in Construction Cost Index and Specially Adapted Housing (SAH), Special Housing Adaptations (SHA), and Temporary Residence Adaptations (TRA) Grants
PURPOSE: Effective October 1, 2016, the Department of Veterans Affairs (VA) announces that the SAH, SHA, and TRA grant amounts will increase.
Circular 26-16-24 - September 9, 2016 -
Title Requirements for Manufactured or Mobile Home Conveyance
PURPOSE: This circular provides clarification of the documents required to properly provide clear and marketable title for mobile homes conveyed to the Department of Veterans Affairs (VA) per 38 C.F.R. 4300 in every state and territory in the United States.
Circular 26-16-23 - August 17, 2016 -
Special Relief Following Louisiana Severe Storms and Flooding
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by severe storms and flooding in the State of Louisiana, and describes measures mortgagees may employ to provide relief.
Circular 26-16-22 - August 1, 2016 -
Special Relief Following a Natural Disaster
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by a natural disaster, such as the California wildfires or Federally-declared natural disasters, and describes measures mortgagees may employ to provide relief.
Circular 26-16-21 - July 26, 2016 -
Funding Fee Clarification
PURPOSE: The purpose of this circular is to provide industry requested clarification of funding fee percentages detailed in Public Law 113-146, Veterans Access, Choice, and Accountability Act of 2014.
Circular 26-16-18 - July 19, 2016 -
Property Assessed Clean Energy (PACE) Loan Processing
PURPOSE: The purpose of this circular is to address origination and loan processing requirements for Department of Veterans Affairs (VA) guaranteed loans when a property is subject to PACE obligations.
Circular 26-15-16 - Change 1 - July 14, 2016 -
Auction Service for the Termination of VA Loans
PURPOSE: The purpose of this circular is to extend the rescission date of the basic circular to reflect that the Department of Veterans Affairs (VA) continues to authorize mortgage servicers and holders to employ an auction service in lieu of completing a traditional foreclosure sale, where feasible.
Circular 26-16-17 - June 28, 2016 -
Special Relief Following West Virginia Severe Storms, Flooding, Landslides and Mudslides
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by severe storms, flooding, landslides and mudslides in the State of West Virginia, and describes measures mortgagees may employ to provide relief.
Circular 26-14-36 - Change 1 - June 28, 2016 -
Credit Report and Automated Underwriting System (AUS) Fee Policy
PURPOSE: The purpose of this Circular is to clarify credit report invoice requirements, update a form's title, and extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position as it relates to these procedures.
Circular 26-12-5-Change 2 - June 6, 2016 -
New VA Property Management and Servicing Contractor
PURPOSE: The purpose of this Circular is to revise the servicing contractor information from Residential Credit Solutions (RCS) to Ditech Financial LLC and to update the Contract Assurance (Portfolio Loan) contact information.
Circular 26-16-14 - May 17, 2016 - Exhibit A
Title Requirements for Conveyance of Real Property
PURPOSE: This circular provides clarification of the documents required to properly provide clear and marketable title for conveyed properties to the Department of Veterans Affairs (VA) in every state and territory in the United States.
Circular 26-14-11 - Change 1 - May 13, 2016
Appraisal Management System and Required Mortgage Industry Standards Maintenance Organization XML Appraisal Format
PURPOSE: The purpose of this circular is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position as it relates to these procedures.
Circular 26-16-13 - May 3, 2016
Special Relief Following Louisiana and Texas Severe Storms and Flooding
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by severe storms and flooding in the States of Louisiana and Texas, and describes measures mortgagees may employ to provide relief.
Circular 26-16-12 - April 11, 2016
VA Loan Full File Loan Review - File Upload Stacking Order
PURPOSE: The purpose of this circular is to announce Department of Veterans Affairs new mandatory stacking order for files selected for VA full file loan review of all loan applications submitted to VA on, or after, June 1, 2016.
Circular 26-16-11 - April 11, 2016 - Exhibit A | Exhibit B
Policy Clarification for TILA-RESPA Integrated Disclosure Fee Itemization Requirements and Regarding Loan Expenses Not Expressly Permitted by 38 CFR 36.4313
PURPOSE: This Circular explains the Department of Veterans Affairs’ (VA) requirements regarding the Consumer Financial Protection Bureau (CFPB)’s new Truth in Lending Act - Real Estate Settlement Procedures Act Integrated Disclosure Closing Disclosure document.
Circular 26-16-10 - April 7, 2016
Policy Clarification for Unreimbursed Employee Business Expenses
PURPOSE: The purpose of this circular is to clarify the Department of Veterans Affairs (VA) underwriting guidelines with regard to unreimbursed employee business expenses reported on Internal Revenue Service (IRS) Form 2106.
Circular 26-15-18 - Change 1 - March 29, 2016
Paid in Full Notification of Loans Guaranteed for Repurchase Under the Provisions of 38 CFR 36.4600 (VA Regulation 4600 Loans)
PURPOSE: The purpose of this circular is to revise the point of contact information for questions.
Circular 26-16-8 March 8, 2016
VA Update on Flint, Michigan Water Contamination
PURPOSE: This Circular provides guidance on the Department of Veterans Affairs’ (VA) Minimum Property Requirements (MPRs) as a result of the emergency declaration in Genesee County, Michigan due to water contamination.
Circular 26-16-6 - March 1, 2016
Special Relief Following State of Michigan Contaminated Water
PURPOSE: This circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by contaminated water in the State of Michigan, and describes measures mortgagees may employ to provide relief.
Circular 26-16-3 - January 20, 2016 - Exhibit A
Department of Veterans Affairs Qualified Mortgage Interim Final Rule Frequently Asked Questions
PURPOSE: The purpose of this Circular is to publish Frequently Asked Questions (FAQs) related to the Qualified Mortgage Interim Final Rule.
Circular 26-16-1 - January 14, 2016
Policy Clarification for Non-Borrowers on Title Documents
PURPOSE: The purpose of this circular is to clarify questions that have arisen regarding the Department of Veterans Affairs (VA) policy on the use of the VA home loan guaranty.
Circular 26-14-4 - Change 1 - January 8, 2016
Clarification of the Department of Veterans Affairs (VA) Acceptance of Water Catchment Systems on the State of Hawaii
PURPOSE: The purpose of this circular is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position as it relates to these procedures.
Circular 26-14-8 - Change 1 - January 1, 2016
Repair Inspection Processing Procedures
PURPOSE: The purpose of this change is to extend the rescission date.
2015
Circular 26-15-12 - Change 2 - June 20, 2019
Renewal of Appraisal Review Requirements and Instructions Regarding Department of Veterans Affairs Appraisal Management Service for the Lender Appraisal Processing Program and the Servicer Appraisal Processing Program Staff Appraisal Reviewers
PURPOSE: The purpose of this Circular is to extend the rescission date of the basic circular so that stations continue to provide guidance on the VA's position as it relates to these procedures.
Circular 26-15-30 - Change 2 - December 19, 2018
Title Documentation of HOA Matters in Florida
PURPOSE: The purpose of this Circular is to extend the rescission date and update contact information.
Circular 26-15-18 - Change 2 - March 20, 2018
Paid in Full Notification of Loans Guaranteed for Repurchase Under the Provisions of 38 C.F.R. 36.4600 (VA Regulation 4600 Loans)
PURPOSE: The purpose of this Circular is to extend the rescission date and update contact information.
Circular 26-15-9 - Change 1 - February 6, 2018
Servicer Statutory Redemption Procedure
PURPOSE: The purpose of this circular is to extend the rescission date.
Circular 26-15-2 - Change 1 - February 6, 2018
Reconveyance Disputes Process
PURPOSE: The purpose of this circular is to extend the rescission date.
Circular 26-15-25 - Change 1 - September 22, 2017
Compromise Sale Appraisal Requirements
PURPOSE: The purpose of this circular is to extend the rescission date of the basic circular.
Circular 26-15-12 - Change 1 - July 7, 2017
Renewal of Appraisal Review Requirements and Instructions Regarding Department of Veterans Affairs Appraisal Management Service for the Lender Appraisal Processing Program and the Servicer Appraisal Processing Program Staff Appraisal Reviewers
PURPOSE: The purpose of this Circular is to extend the rescission date of the basic Circular so that stations continue to provide guidance on the VA’s position as it relates to these procedures.
Circular 26-15-30 - Change 1 - March 9, 2017
Title Documentation of HOA Matters in Florida
PURPOSE: The purpose of this change is to extend the rescission date of the basic Circular.
Circular 26-15-29 - Change 1 - February 15, 2017
Regarding Determinations of Spousal Status When Processing Applications for VA-Guaranteed Home Loans
PURPOSE: The purpose of this change is to extend the rescission date of the basic Circular.
Circular 26-15-16 - Change 1 - July 14, 2016
Auction Service for the Termination of VA Loans
PURPOSE: The purpose of this circular is to extend the rescission date of the basic circular to reflect that the Department of Veterans Affairs (VA) continues to authorize mortgage servicers and holders to employ an auction service in lieu of completing a traditional foreclosure sale, where feasible.
Circular 26-15-18 - Change 1 - March 29, 2016
Paid in Full Notification of Loans Guaranteed for Repurchase Under the Provisions of 38 CFR 36.4600 (VA Regulation 4600 Loans)
PURPOSE: The purpose of this circular is to revise the point of contact information for questions.
Circular 26-15-31 - December 17, 2015
2016 Department of Veterans Affairs County Loan Limits
PURPOSE: This Circular announces the Department of Veterans Affairs (VA) effective loan limits for loans closed on or after January 1, 2016.
Circular 26-15-30 - November 16, 2015
Title Documentation of HOA Matters in Florida
PURPOSE: This circular provides guidance on the submission of title documents to VA's property management contractor when conveying a property in the State of Florida to VA.
Circular 26-15-29 - November 5, 2015
Regarding Determinations of Spousal Status When Processing Applications for VA-Guaranteed Home Loans
PURPOSE: The Department of Veterans Affairs (VA) is issuing this policy to clarify the way that lenders should process and underwrite home loan applications when applicants assert that they are married. Effective immediately, lenders may accept a Veteran's assertion of spousal status when a Veteran is applying for home loan benefits.
Circular 26-15-26 - October 20, 2015
Title Documentation in Florida
PURPOSE: This circular provides guidance on the submission of title documents to VA's property management contractor when conveying a property to VA in the State of Florida.
Circular 26-15-25 - October 20, 2015
Title Compromise Sale Appraisal Requirements
PURPOSE: This Circular provides updated guidance on the procedures to complete a liquidation appraisal for a property that is being reviewed for a Compromise Sale.
Circular 26-11-14 - Change 3 - October 15, 2015
Uniform Appraisal Dataset (UAD)
PURPOSE: The purpose of this change is to extend the rescission date.
Circular 26-15-24 - October 13, 2015
New Closing Disclosure Guidelines and Full File Loan Review Stacking Order
PURPOSE: The purpose of this circular is to announce Department of Veterans Affairs (VA) new closing disclosure statement requirements, and the new mandatory stacking order for files selected for VA full file loan review of all loan applications taken on, or after, October 3, 2015.
Circular 26-15-23 - October 5, 2015
Special Relief Following Southeast and Mid-Atlantic's Severe Storms
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by the Southeast and Mid- Atlantic's severe storms and flooding, and describes measures mortgagees may employ to provide relief.
Circular 26-15-22 - September 30, 2015
Release of the Department of Veterans Affairs Servicer Handbook, M26-4
PURPOSE: The purpose of this Circular is to clarify the date the Department of Veterans Affairs (VA) Servicer Handbook becomes effective.
Circular 26-15-21 - September 30, 2015
Property Preservation Requirements and Fees
PURPOSE: This Circular is issued to provide national guidance and describes minimum requirements for the inspection of properties securing VA-guaranteed home loans and the maintenance, preservation, and repair of any properties found to be abandoned. Additionally, this Circular contains a property preservation fee schedule which contains a table of the maximum fees that will be reimbursed by VA for those services in a claim under the loan guaranty. Effective immediately, these requirements and fee amounts apply to any work completed on, or after, August 31, 2015.
Circular 26-15-20 - September 29, 2015
Annual Increase in Construction Cost and Specially Adapted Housing (SAH), Special Housing Adaptations (SHA), and Temporary Residence Adaptations (TRA) Grants
PURPOSE: Effective October 1, 2015, the Department of Veterans Affairs (VA) announces that the SAH, SHA, and TRA grant amounts will increase. In order to match the Turner cost of construction increase of 4.688 percent, the maximum grant amount for Veterans and Servicemembers eligible for housing assistance under Title 38 U.S.C., Section 2101(a), 2101(b), and 2101A, has been increased.
Circular 26-15-18 - August 26, 2015
Paid in Full Notification of Loans Guaranteed for Repurchase Under the Provisions of 38 CFR 36.4600 (VA Regulation 4600 Loans)
PURPOSE: The purpose of this circular is to clarify the notification requirement from all holders of VA Regulation 4600 loans.
Circular 26-15-16 - July 1, 2015
Auction Service for the Termination of VA Loans
PURPOSE: This Circular provides guidance to mortgage servicers of Department of Veterans Affairs (VA) guaranteed loans electing to use an auction service as a means to terminate a loan. VA authorizes mortgage servicers and holders to employ an auction service in lieu of completing a traditional foreclosure sale, where feasible. The process must comply with VA requirements, federal, state, county and local foreclosure laws.
Circular 26-15-15 - June 23, 2015
Special Relief Following Texas Severe Storms
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by Texas' severe storms, tornadoes and flooding, and describes measures mortgagees may employ to provide relief.
Circular 26-15-14 - June 23, 2015
Special Relief Following Oklahoma Severe Storms
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by Oklahoma's severe storms, tornadoes and flooding, and describes measures mortgagees may employ to provide relief.
Circular 26-15-13 - June 23, 2015
Special Relief Following Typhoon Dolphin
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by Typhoon Dolphin in the Territory of Guam, and describes measures mortgagees may employ to provide relief.
Circular 26-15-12 - June 12, 2015 - Exhibit A
New Appraisal Review Requirements and Instructions Regarding Department of Veterans Affairs Appraisal Management Service for the Lender Appraisal Processing Program and the Servicer Appraisal Processing Program Staff Appraisal Reviewers
PURPOSE: The purpose of this Circular is to announce the Department of Veterans Affairs (VA) automated Appraisal Management Service (AMS) for use in enhancing the appraisal review process prior to issuance of the Notice of Value (NOV). AMS will provide Lender Appraisal Processing Program (LAPP) and Servicer Appraisal Processing Program (SAPP) Staff Appraisal Reviewers (SARs) assistance in quickly assessing appraisal risk for property eligibility, VA policy compliance violation, over/under-valuation, and appraisal quality issues.
Circular 26-15-10 - May 19, 2015
Regarding Determinations of Spousal Status When Processing Applications for VA-Guaranteed Home Loans
PURPOSE: The Department of Veterans Affairs (VA) is issuing this policy to clarify the way that lenders should process and underwrite home loan applications when applicants assert that they are married.
Circular 26-15-9 - May 18, 2015
Servicer Statutory Redemption Procedure
PURPOSE: This circular provides guidance on the procedure to redeem a Department of Veterans Affairs (VA) property, post-foreclosure, in a state which allows "statutory redemption."
Circular 26-15-6 - April 13, 2015 - Exhibit A | Exhibit B | Exhibit C | Exhibit D
Department of Veterans Affairs HUD-1 Itemization Requirements
PURPOSE: This Circular clarifies and announces the Department of Veterans Affairs’ (VA) requirements regarding the Department of Housing and Urban Development (HUD)-1 documentation and itemization requirements, effective for all loans closed on or after May 1, 2015.
Circular 26-15-4 - April 9, 2015 - Exhibit A
Policy Changes for Specially Adapted Housing Compliance Inspector Exam and Compliance Inspector Qualifications
PURPOSE: The purpose of this Circular is to update certain policies related to the Compliance Inspector (CI) exam and qualifications outlined in VA Manual M26-12, Revised, Specially Adapted Housing (SAH) Grant Processing Procedures, Loan Guaranty Operations for Regional Offices.
Circular 26-15-3 - March 16, 2015
New Web Address for Department of Veteran Affairs' (VA) Funding Fee Payment System (FFPS)
PURPOSE: This circular announces the new web address effective March 15, 2015, for VA's FFPS.
Circular 26-15-2 - March 13, 2015
Reconveyance Disputes Process
PURPOSE: The purpose of this circular is to outline the process for a servicer to dispute a final reconveyance decision. This policy is effective March 13, 2015.
Circular 26-14-29 - Change 1 - January 27, 2015
Agreement of Sale/Sales Contract to be Provided to the Fee Appraiser
PURPOSE: This change is to clarify when the lender must provide amended copies of the agreement of sale/sales contract to the fee appraiser.
Circular 26-11-03 - Change 2 - January 8, 2015
Servicemembers Civil Relief Act
PURPOSE: The purpose of this Circular is to extend the rescission date of the basic Circular so that stations continue to provide guidance on VA’s position as it relates to these procedures.
Circular 26-13-13 - Change 1 - January 7, 2015
Use of Electronic Signatures in Conjunction with Department of Veterans Affairs (VA) Guaranteed Home Loans
PURPOSE: The purpose of this Circular is to extend the rescission date of the basic Circular so that stations continue to provide guidance on VA’s position as it relates to these procedures
Circular 26-13-24 - Change 1 - January 2, 2015
Updated Department of Veterans Affairs (VA) Water/Sewer Connection Requirements
PURPOSE: The purpose of this Circular is to extend the rescission date of the basic Circular so that stations continue to provide guidance on VA’s position as it relates to these procedures.
2014
Circular 26-14-4 - Change 2 - December 13, 2018
Clarification of the Department of Veterans Affairs (VA) Acceptance of Water Catchment Systems in the State of Hawaii
PURPOSE: The purpose of this Circular is to extend the rescission date of the basic Circular so that stations continue to provide guidance on VA’s position as it relates to these procedures.
Circular 26-14-23 - Change 1 - February 15, 2017
Appraisal of Proposed or Under Construction Properties from Model Homes
PURPOSE: The purpose of this change is to extend the rescission date of the basic Circular.
Circular 26-14-35 - Change 1 - January 4, 2017
Policy Changes for Specially Adapted Housing, Special Housing Adaptation, and Temporary Residence Adaptations Grants
PURPOSE: The purpose of this Circular is to extend the rescission date of the basic Circular, and update contact information.
Circular 26-14-22 - Change 1 - December 22, 2016
VA Making Home Affordable Program
PURPOSE: The purpose of this Circular is to extend the rescission date of the basic Circular.
Circular 26-14-36 - Change 1 - June 28, 2016
Credit Report and Automated Underwriting System (AUS) Fee Policy
PURPOSE: The purpose of this circular is to clarify credit report invoice requirements, update form's title, and extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position as it relates to these procedures.
Circular 26-14-11 - Change 1 - May 13, 2016
Appraisal Management System and Required Mortgage Industry Standards Maintenance Organization XML Appraisal Format
PURPOSE: The purpose of this circular is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position as it relates to these procedures.
Circular 26-14-4 - Change 1 - January 8, 2016
Clarification of the Department of Veterans Affairs (VA) Acceptance of Water Catchment Systems on the State of Hawaii
PURPOSE: The purpose of this circular is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position as it relates to these procedures.
Circular 26-14-8 - Change 1 - January 1, 2016
Repair Inspection Processing Procedures
PURPOSE: The purpose of this change is to extend the rescission date.
Circular 26-14-29 - Change 1 - January 27, 2015
Agreement of Sale/Sales Contract to be Provided to the Fee Appraiser
PURPOSE: This change is to clarify when the lender must provide amended copies of the agreement of sale/sales contract to the fee appraiser.
Circular 26-13-29 - Change 1 - December 30, 2014
Mandatory Electronic Delivery of Loan Files
PURPOSE: The purpose of this Circular is to extend the rescission date of the basic Circular so that stations continue to provide guidance on VA’s position as it relates to these procedures.
Circular 26-13-18 - Change 1 - December 30, 2014
Interim Process for Determining Spousal Income Qualifications in Jurisdictions that Recognize Same-Sex Marriages
PURPOSE: The purpose of this change is to extend the rescission date of the basic Circular so that stations and program participants continue to use the interim process for determining spousal income qualifications in jurisdictions that recognize same-sex marriages.
Circular 26-14-39 - Change 1 - December 23, 2014
2015 Department of Veterans Affairs County Loan Limits
PURPOSE: This change is to clarify that the Department of Veterans Affairs (VA) maximum guaranty amount will be based on the One-Unit (single-family residence) limit, as prescribed by the Federal Housing Finance Agency.
Circular 26-14-39 - December 9, 2014
2015 Department of Veterans Affairs County Loan Limits
PURPOSE: This circular announces the 2015 county loan limits in the event Public Law 110-389 expires on December 31, 2014.
Circular 26-14-36 - November 18, 2014
Credit Report and Automated Underwriting System (AUS) Fee Policy
PURPOSE: This circular announces the Department of Veterans Affairs' (VA) new policy regarding credit report and AUS charges to Veterans. This policy is effective, November 13, 2014.
Circular 26-14-35 - November 13, 2014
Policy Changes for Specially Adapted Housing, Special Housing Adaptation, and Temporary Residence Adaptations Grants
PURPOSE: This circular provides changes to certain policies provided in VA Manual 26-12, Revised, Specially Adapted Housing Grant Processing Procedures, Loan Guaranty Operations for Regional Offices.
Circular 26-14-34 - October 29, 2014
Annual Increase in Construction Cost Index and Specially Adapted Housing (SAH), Special Housing Adaptations (SHA), and Temporary Residence Adaptations (TRA) Grants
PURPOSE: Effective October 1, 2014, the Department of Veterans Affairs (VA) announces that the SAH, SHA, and TRA grant amounts will increase. In order to match the Turner cost of construction increase of 4.307 percent, the maximum grant amounts for Veterans and Servicemembers eligible for housing assistance under Title 38 U.S.C., Section 2101(a), 2101(b), and 2101A, has been increased as follows:
Circular 26-14-33 - October 24, 2014
Revised Wood Destroying Insect Information Requirements for New and Proposed Construction Properties using HUD Forms NPMA-99-A and NPMA-99-B
PURPOSE: The purpose of this Circular is to notify all Department of Veterans Affairs (VA) Home Loan program participants that effective January 1, 2015, VA will require the use of the current National Pest Management Association (NPMA) Department of Housing and Urban Development (HUD) Forms
Circular 26-11-14 Change 2 - October 09, 2014
Uniform Appraisal Dataset (UAD)
PURPOSE: The purpose of this change is to extend the rescission date.
Circular 26-14-32 - October 09, 2014
Centralization of LAPP and SAPP Programs
PURPOSE: The purpose of this Circular is to announce the continuation of policy centralizing application processing and training for the Lender Appraisal Processing Program (LAPP) and Servicer Appraisal Processing Program (SAPP) will continue to ensure that program participants receive consistent training across the nation.
Circular 26-14-31 - October 06, 2014
Requirement for the Transfer of Properties to VA
PURPOSE: This Circular provides details for transferring properties to the Department of Veterans Affairs’ (VA) Property Management contractor, Vendor Resource Management (VRM).
Circular 26-14-29 - October 1, 2014
Agreement of Sale/Sales Contract to be Provided to the Fee Appraiser
PURPOSE: The purpose of this Circular is to announce the continuation of previously active policy that the Department of Veterans Affairs (VA) requires a copy of the agreement of sale or sales contract be provided to the fee appraiser by the requester of the VA appraisal immediately upon assignment.
Circular 26-14-28 - October 1, 2014
Reduction in the Validity Period on Department of Veterans Affairs Notices of Value for Proposed Construction
PURPOSE: The purpose of this Circular is to remain consistent with previous policy and announce a reduction in the validity period for Department of Veterans Affairs (VA) Notices of Value (NOVs) for proposed construction cases. VA will use a 6-month validity period for all proposed construction cases. This action will result in the same validity periods for both existing construction and proposed construction cases.
Circular 26-14-27 - October 1, 2014
Policy Changes Affecting Value Adjustments and Photographs
PURPOSE: This circular announces the continuation of two previously active policy positions, value adjustments to the Department of Veterans Affairs (VA) Notice of Value (NOV) by Lender's Staff Appraisal Reviewers (SARs), and the requirement for interior photographs of subject properties.
Circular 26-12-6 - Change 1 - September 25, 2014
Credit Policy Updates
PURPOSE: The purpose of this circular is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position as it relates to these procedures.
Circular 26-14-25 - September 5, 2014
Lender and Servicer Compliance with Consumer Financial Protection Bureau Requirements for Adjustable Rate Mortgages
PURPOSE: This circular clarifies interest-rate adjustment, disclosure, and notice requirements for adjustable rate mortgages and hybrid adjustable rate mortgages (ARMs/hybrid ARMs) guaranteed by the Department of Veterans Affairs (VA) under the Truth in Lending Act (TILA) and the Consumer Financial Protection Bureau (CFPB)'s 2013 TILA Servicing Rule.
Circular 26-14-24 - September 5, 2014
Manufactured Home Appraisal Report
PURPOSE: The purpose of this circular is to provide information to program participants on the use of the Manufactured Home Appraisal Report (Freddie Mac Form 70B/Fannie Mae Form 1004C, dated March 2005) for Department of Veterans Affairs (VA) manufactured home (MH) appraisals.
Circular 26-14-23 - September 5, 2014
Appraisal of Proposed or Under Construction Properties from Model Homes
PURPOSE: The purpose of this circular is to announce that appraisers are authorized to use model homes, in lieu of construction exhibits (plans and specifications), to appraise "Proposed or Under Construction" properties, as defined in Chapter 10 of the Department of Veterans Affairs (VA) Lenders Handbook.
Circular 26-14-22 - September 2, 2014
VA Making Home Affordable Programs
PURPOSE: This circular provides authority and instructions for modifying Department of Veterans Affairs (VA) guaranteed home loans in accordance with the President's Making Home Affordable (MHA) program.
Circular 26-14-21 - September 2, 2014
Market Conditions Addendum to VA Appraisal
PURPOSE: The purpose of this circular is to announce that the Department of Veterans Affairs (VA) requires appraisers to include Fannie Mae Form 1004MC in all VA appraisal reports.
Circular 26-14-19 - August 1, 2014
Processing Request for Execution of Quitclaim Deeds
PURPOSE: This Circular provides guidance on the Department of Veterans Affairs (VA)handling of requests for execution of quitclaim deeds (QCD).
Circular 26-14-17 - July 22, 2014
Clarification of Equal Employment Certification Requirements for Home Builders Participating in the Native American Direct Loan (NADL) Program
PURPOSE: The purpose of this Circular is to clarify the equal employment certification requirements for home builders in those cases in which the builder is constructing, or subcontracting for the construction of, a home for which funding is being provided under the Native American Housing Assistance and Self-Determination Act of 1996 (NAHASDA), 25 U.S.C. 4101 et seq.
Circular 26-11-1 - Change 1 - May 14, 2014
Relocation Assistance for VA Borrowers
PURPOSE: The purpose of this change is to extend the rescission date of the basic Circular so that stations continue to provide guidance on VA's position with respect to procedure.
Circular 26-09-12 - Change 3 - May 7, 2014
Property Preservation Requirements and Fees
PURPOSE: The purpose of this change is to provide clarification on the minimum requirements for Department of Veterans Affairs (VA) guaranteed home loans with regard to securing of the property and fees that will be reimbursed by VA for those services in a claim under the loan guaranty.
Circular 26-14-11 - April 30, 2014
Appraisal Management System and Required Mortgage Industry Standards Maintenance Organization XML Appraisal Format
PURPOSE: The purpose of this Circular is to announce that effective June 1, 2014, all Department of Veterans Affairs (VA) appraisals will be processed in WebLGY under the VA Appraisal Management System (AMS).
Circular 26-14-10 - May 7, 2014
Policy Clarification on Unallowable Fees
PURPOSE: The purpose of this Circular is to clarify the Department of Veterans Affairs (VA) policy on the treatment of unallowable fees when lenders charge a loan origination fee that is less than one percent of the loan amount on purchase and cash-out transactions, and less than one percent of the payoff amount on interest rate reduction refinance loans (IRRRLs).
Circular 26-14-9 - March 27, 2014
VA Loan Full File Loan Review - File Upload Stacking Order
PURPOSE: This Circular announces the Department of Veterans Affairs (VA) new mandatory stacking order for files selected for VA full file loan review, effective May 1, 2014.
Circular 26-14-8 - March 24, 2014
Repair Inspection Processing Procedures
PURPOSE: The purpose of this Circular is to announce that effectively immediately, in lieu of using their own appraiser letterhead, Department of Veterans Affairs (VA) Fee Appraisers may now use Freddie Mac Form 442 or Fannie Mae Form 1004D, Part B, Certification of Completion, to certify satisfactory completion of the required repairs identified on Notices of Value (NOVs).
Circular 26-14-6 - February 28, 2014
Revised 2014 VA Effective Loan Limits
PURPOSE: This Circular announces the Department of Veterans Affairs (VA) revised effective loan limits for loans closed on or after the date of this Circular.
Circular 26-14-5 - February 25, 2014
VA Appraisal Requirements on Foreclosed Properties
PURPOSE: This Circular reaffirms Department of Veterans Affairs (VA) policy that all properties, including foreclosed properties, must meet VA minimum property requirements (MPRs) prior to VA loan guaranty. Additionally, this Circular clarifies our current VA requirements on who may pay for repairs on foreclosed properties.
Circular 26-14-4 - February 19, 2014
Clarification of the Department of Veterans Affairs (VA) Acceptance of Water Catchment Systems in the State of Hawaii
PURPOSE: The purpose of this Circular is to provide clarification of VA policy for individual properties with rainwater catchment systems that serve as collateral for a VA home loan in the State of Hawaii.
Circular 26-14-3 - February 6, 2014
Contract Assurance Unit Mailing Address
PURPOSE: The purpose of this Circular is to provide the mailing address for the recently formed Contract Assurance Unit.
Circular 26-14-1 - January 9, 2014
Lender Compliance with Consumer Financial Protection Bureau Requirements for Ability to Repay and Qualified Mortgage Rule
PURPOSE: This Circular clarifies lender requirements for home loans guaranteed by the Department of Veterans Affairs (VA) under the Truth in Lending Act (TILA) and the Consumer Financial Protection Bureau (CFPB)’s Ability to Repay and Qualified Mortgage (ATR/QM) Rule.
2013
Circular 26-13-24 - Change 2 - February 6, 2017
Department of Veterans Affairs (VA) Water/Sewer Connection Requirements
PURPOSE: The purpose of this circular is to provide updated VA requirements for water/sewer connection for properties which are on individual water and/or sewer systems.
Circular 26-13-13 - Change 2 - December 12, 2016
Use of Electronic Signatures in Conjunction with Department of Veterans Affairs (VA) Guaranteed Home Loans
PURPOSE: The purpose of this Circular is to extend the rescission date of the basic Circular so that stations continue to provide guidance on VA’s position as it relates to these procedures.
Circular 26-13-13 - Change 1 - January 7, 2015
Use of Electronic Signatures in Conjunction with Department of Veterans Affairs (VA) Guaranteed Home Loans
PURPOSE: The purpose of this Circular is to extend the rescission date of the basic Circular so that stations continue to provide guidance on VA’s position as it relates to these procedures.
Circular 26-13-24 - Change 1 - January 2, 2015
Updated Department of Veterans Affairs (VA) Water/Sewer Connection Requirements
PURPOSE: The purpose of this Circular is to extend the rescission date of the basic Circular so that stations continue to provide guidance on VA’s position as it relates to these procedures.
Circular 26-13-29 - Change 1 - December 30, 2014
Mandatory Electronic Delivery of Loan Files
PURPOSE: The purpose of this Circular is to extend the rescission date of the basic Circular so that stations continue to provide guidance on VA’s position as it relates to these procedures.
Circular 26-13-18 - Change 1 - December 30, 2014
Interim Process for Determining Spousal Income Qualifications in Jurisdictions that Recognize Same-Sex Marriages
PURPOSE: The purpose of this change is to extend the rescission date of the basic Circular so that stations and program participants continue to use the interim process for determining spousal income qualifications in jurisdictions that recognize same-sex marriages.
Circular 26-13-29 - December 26, 2013
Mandatory Electronic Delivery of Loan Files
PURPOSE: This Circular announces that the Department of Veterans Affairs (VA) will require the electronic submission of home loan files selected for full file loan review, effective January 1, 2014.
Circular 26-13-28 - December 18, 2013
2014 Department of Veterans Affairs Loan Limits
PURPOSE: This circular announces the 2014 county loan limits.
Circular 26-13-27 - December 16, 2013
Increases in Allowable Attorney Fees and Changes in Preferred Foreclosure Methods
PURPOSE: The purpose of this Circular is to announce new maximum attorney fees allowable in guaranty claims, and changes in preferred foreclosure methods.
Circular 26-13-26 - December 3, 2013
Special Relief Following the Midwest Tornadoes
PURPOSE: This Circular expresses concern for Department of Veterans Affairs (VA) home loan borrowers affected by the Midwest tornadoes, and describes measures mortgagees may employ to provide relief.
Circular 26-13-24 - November 8, 2013
Updated Department of Veterans Affairs (VA) Water/Sewer Connection Requirements
PURPOSE: The purpose of this Circular is to provide the updated VA requirements for water/sewer connection for properties which are on individual water and/or sewer systems.
Circular 26-13-23 - October 9, 2013
Special Relief Following the Federal Government Shutdown
PURPOSE: This Circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by the Federal Government shutdown, and describes measures mortgagees may employ to provide relief.
Circular 26-13-22 - October 7, 2013
Clarification of Income Verification Guidelines
PURPOSE: This Circular discusses the impact of the Government shutdown as it relates to verifying a borrower’s income. It clarifies Department of Veterans Affairs (VA) income verification guidelines for both W-2 wage earners and self-employed borrowers.
Circular 26-13-21 - September 30, 2013
Annual Increase in Construction Cost Index and Specially Adapted Housing (SAH), Special Housing Adaptations (SHA), and Temporary Residence Adaptations (TRA) Grants
PURPOSE: Effective October 1, 2013, the Department of Veterans Affairs (VA) announces that the SAH, SHA, and TRA grant amounts will increase.
Circular 26-13-20 - September 30, 2013
Lender/Servicer Impact on the Department of Veterans Affairs Home Loan Guaranty Program if the Government is Shutdown
PURPOSE: This Circular provides guidance to stakeholders regarding the impact on the Department of Veterans Affairs (VA) Home Loan Guaranty program in the event of a Government shutdown.
Circular 26-13-19 - September 27, 2013
Department of Veterans Affairs (VA) Acceptance of Properties
PURPOSE: This Circular provides guidance on requests for execution of documents related to the conveyance or reconveyance of properties to the Secretary of the Department of Veterans Affairs (VA) in order to provide more specific details to those authorized to sign documents for the Secretary, and to those who submit such documents.
Circular 26-13-18 - September 26, 2013
Interim Process for Determining Spousal Income Qualifications in Jurisdictions that Recognize Same-Sex Marriages
PURPOSE: Effective immediately, the Department of Veterans Affairs (VA) will, to the extent legally possible, begin reviewing applications for the home loan guaranty benefit for same-sex married couples in a manner consistent with processes currently used for opposite-sex married couples.
Circular 26-13-16 - September 19, 2013
Special Relief Following Flooding In Colorado
PURPOSE: This Circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by flooding in Colorado, and describes measures mortgagees may employ to provide relief.
Circular 26-13-15 - September 3, 2013
New Percentage to Determine Net Value
PURPOSE: The purpose of this circular is to announce a change concerning the percentage to be used in calculating the purchase price of a property that secured a terminated loan. The new percentage is 14.95 percent, effective October 8, 2013.
Circular 26-13-14 - August 29, 2013
Department of Veterans Affairs (VA) Staff Appraisal Reviewer (SAR) Online Training Program
PURPOSE: The purpose of this circular is to announce the VA SAR online training program known as the SAR Training and Performance Support System (SAR TPSS).
Circular 26-13-13 - August 22, 2013
Use of Electronic Signatures in Conjunction with Department of Veterans Affairs (VA) Guaranteed Home Loans
PURPOSE: The purpose of this circular is to clarify that electronic signatures are acceptable for use in conjunction with the VA Home Loan program.
Circular 26-13-12 - June 28, 2013
Principal Reduction Alternative (PRA) for Department of Veterans Affairs (VA) Loans
PURPOSE: This circular clarifies the ability of servicers and loan holders to utilize principal reductions in connection with the modification of VA-guaranteed home loans.
Circular 26-13-11 - June 17, 2013
Special Relief Following the Colorado Fire
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by the Colorado Springs fire, and describes measures mortgagees may employ to provide relief.
Circular 26-13-9 - May 22, 2013
Special Relief Following Oklahoma Tornadoes
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by Oklahoma's severe storms and tornadoes, and describes measures mortgagees may employ to provide relief.
Circular 26-13-8 - May 21, 2013
Important Information on Veterans Information Portal (VIP) Security Functions
PURPOSE: The purpose of this circular is to remind lenders and servicers of recently enhanced security features for VIP as it relates to the PIN and its use.
Circular 26-13-5 - April 8, 2013
Late Reporting of Guaranty
PURPOSE: The purpose of this circular is to remind lenders of their responsibility to enter guaranty requests in the Department of Veterans Affairs (VA) webLGY system within 60 days of loan closing.
Circular 26-13-4 - March 12, 2013
VIP Administrative User Designation
PURPOSE: The purpose of this circular is to discuss recent e-mails sent to lender and servicer points of contact (POCs) and to inform them of action required to ensure validated users are not deactivated. These actions are required to ensure and enhance overall security for the Department of Veterans Affairs (VA) Veterans Information Portal (VIP).
Circular 26-09-5 - Change 1 - March 12, 2013
VA Appraisal Requirements on Foreclosed Properties
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular so that that all properties, including foreclosed properties, meet minimum property requirements (MPRs) prior to VA Loan Guaranty.
Circular 26-13-3 - February 5, 2013
Continued Forbearance Due to Hurricane Sandy
PURPOSE: This circular requests continued forbearance for Department of Veterans Affairs (VA) home loan borrowers affected by Hurricane Sandy and associated storms affecting the Eastern United States.
Circular 26-13-1 - Change 1 - January 11, 2013
Veterans Information Portal (VIP) Work Procedures During User Reactivation Process
PURPOSE: This change is to clarify procedures for non-Lender Appraisal Processing Program (LAPP) lenders ordering case numbers for Interest Rate Reduction Refinancing Loans (IRRRLs) and/or appraisals for origination and regular refinance assignments. Paragraph 2b of the original circular states that non-LAPP lenders must contact the appropriate VA Regional Loan Center (RLC) to order a case number/appraisal. This is NOT necessary if the non-LAPP lender has a sponsor with LAPP authority. In those cases, the processor or Staff Appraisal Reviewer (SAR) of the sponsoring lender must access the Portal and order an appraisal under LAPP.
Circular 26-13-2 - January 4, 2013
Veterans Information Portal (VIP) PIN Reset and User Reactivation
PURPOSE: This circular conveys the new security process and procedures needed to better secure Department of Veterans Affairs (VA) data and to establish routine procedures that ensure continuous safeguards are followed in the portal or the VIP. VA anticipates that these new security procedures for the VIP user reactivation process and pin changes will be completed swiftly. This circular describes steps to be followed by lender/servicer administration points of contact (POCs) to validate their organization's users, and the instructions to resume normal processing procedures.
Circular 26-13-1 - January 4, 2013
Veterans Information Portal (VIP) Work Procedures During User Reactivation Process
PURPOSE: This circular should be read in conjunction with Circular 26-13-2, which outlines in greater detail security changes relating to Department of Veterans Affairs' (VA) VIP. To strengthen information security, VA is updating procedures and revalidating user access to the VIP. Although VA anticipates the VIP user reactivation process to be completed swiftly, until users are revalidated, they will have to modify normal work procedures in several areas. This circular describes processes to be followed until lender users are reactivated and can resume normal processing procedures.
2012
Circular 26-12-6-Change 2 - May 15, 2017 -
Credit Policy Updates
PURPOSE: The purpose of this Circular is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position as it relates to these procedures.
Circular 26-12-5-Change 2 - June 6, 2016 -
New VA Property Management and Servicing Contractor
PURPOSE: The purpose of this Circular is to revise the servicing contractor information from Residential Credit Solutions (RCS) to Ditech Financial LLC and to update the Contract Assurance (Portfolio Loan) contact information.
Circular 26-12-6 Change 1 - September 25, 2014
Credit Policy Updates
PURPOSE: The purpose of this circular is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position as it relates to these procedures.
Circular 26-09-15 Change 2 - December 31, 2012
Processing Requests for Execution of Quitclaim Deeds
PURPOSE: This change clarifies internal procedures, and extends the rescission date of the basic circular to provide guidance on the Department of Veterans Affairs (VA) position with respect to the handling of requests for execution of quitclaim deeds.
Circular 26-09-12 Change 2 - December 18, 2012
Property Preservation Requirements and Fees
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position with respect to this procedure.
Circular 26-12-12 - December 13, 2012
2013 Department of Veterans Affairs (VA) Loan Limits
PURPOSE: This circular announces that the 2013 county loan limits have been posted.
Circular 26-12-10 - November 1, 2012
Special Relief Following Hurricane Sandy
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by Hurricane Sandy and associated storms affecting the Eastern United States, and describes measures mortgagees may employ to provide relief.
Circular 26-12-9 - November 9, 2012
Public Law 112-154 Honoring America's Veterans and Caring for Camp Lejeune Families Act of 2012
PURPOSE: Public Law (P.L.) 112-154 was enacted on August 6, 2012. This circular discusses a number of provisions pertaining to the Department of Veteran's Affairs (VA) Loan Guaranty Program that were included in the Act.
Circular 26-12-5 - Change 1 - October 22, 2012
New VA Property Management and Servicing Contractor
PURPOSE: This change adds an additional paragraph to provide clarification on the address to be used for special warranty deeds conveying properties to the Department of Veterans Affairs (VA).
Circular 26-11-14 - Change 1 - October 3, 2012
Uniform Appraisal Dataset (UAD)
PURPOSE: This change updates the instructions on the policy concerning the "Borrower" field for Department of Veterans Affairs (VA) liquidation reports.
Circular 26-12-8 - October 2, 2012
Annual Increase in Construction Cost Index and Specially Adapted Housing Grants
PURPOSE: Effective October 1, 2012, the Department of Veterans Affairs announces that the Specially Adapted Housing grant amounts will increase. In order to match the Turner cost of construction increase of 1.85 percent, the maximum grant amounts for Veterans and Servicemembers eligible for housing assistance under Title 38 U.S.C, Section 2101(a) and 2101(b) has been increased.
Circular 26-11-3- Change 1 - August 24, 2012
Service Members Civil Relief Act
PURPOSE: This change adds an additional paragraph to remind servicers to stay alert to potential changes to this law, renumbers two paragraphs, and extends the applicability of the circular.
Circular 26-12-7 - August 8, 2012
Maximum Guaranty for Loans Closed August 6, 2012 to December 31, 2012
PURPOSE: The Honoring America's Veterans and Caring for Camp Lejeune Families Act of 2012 was signed into law August 6, 2012. Effective with the signing of this bill, a method previously used to derive the Department of Veterans Affairs (VA) loan limits has been restored and will be in effect through December 31, 2014. Updated loan limits for loans closed on or after August 6, 2012 through December 31, 2012, have been posted at http://www.benefits.va.gov/homeloans/loan_limits.asp. Note that while VA does not have a maximum loan amount, the county "limits" must be used to calculate VA's maximum guaranty amount for that county.
Circular 26-12-6 - August 2, 2012
Credit Policy Updates
PURPOSE: The purpose of this circular is to announce several policy updates and clarifications to Department of Veterans Affairs (VA) Verification of Employment (VOE) guidelines.
Circular 26-12-5 - July 5, 2012
New VA Property Management and Servicing Contractor
PURPOSE: This circular provides details for transferring VA property management (REO) and portfolio loan servicing contracts for the VA home loan guaranty program to Vendor Resource Management (VRM).
Circular 26-12-1 - January 25, 2012
2012 Department of Veterans Affairs Loan Limits
PURPOSE: This circular announces that the 2012 county loan limits have been posted. In general, limits have declined due to market conditions and because legislation pertaining to the Department of Veterans Affairs (VA) guaranty limits expired on December 31, 2011. Note that there is no maximum VA loan, which means lenders can make VA loans in excess of the loan limit for a county; VA's guaranty will be limited to 25% of the county loan limit.
Circular 26-09-15 - Change 1 - January 18, 2012
Processing Requests for Execution of Quitclaim Deeds
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position with respect to this procedure.
Circular 26-09-12 - Change 1 - January 18, 2012
Property Preservation Requirements and Fees
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position with respect to this procedure.
Circular 26-08-5 - Change 3 - January 9, 2012
Expansion of the Types of Ownership Interests Permissible Under the Specially Adapted Housing (SAH) Grant Program
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position with respect to this procedure.
2011
Circular 26-11-14 - Change 4 - September 29, 2017
Uniform Appraisal Dataset (UAD)
PURPOSE: The purpose of this change is to extend the rescission date.
Circular 26-11-14 - Change 3 - October 15, 2015
Uniform Appraisal Dataset (UAD)
PURPOSE: The purpose of this change is to extend the rescission date.
Circular 26-11-03 Change 2 - January 8, 2015
Servicemembers Civil Relief Act
PURPOSE: The purpose of this circular is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position as it relates to these procedures.
Circular 26-11-14 Change 2 - October 09, 2014
Uniform Appraisal Dataset (UAD)
PURPOSE: The purpose of this change is to extend the rescission date.
Circular 26-11-1 - Change 1 - May 14, 2014
Relocation Assistance for VA Borrowers
PURPOSE: The purpose of this change is to extend the rescission date of the basic Circular so that stations continue to provide guidance on VA's position with respect to this procedure.
Circular 26-11-22 - December 23, 2011
Final Loan Modification Regulation Revision
PURPOSE: The purpose of this circular is to announce a final change to the regulation for modifying Department of Veterans Affairs (VA) guaranteed home loans that was previously published as an interim final rule.
Circular 26-09-8 Change 1 - December 22, 2011
Suspension of Master Certificate of Reasonable Value Issuance
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position with respect to this procedure.
Circular 26-11-19 - November 22, 2011
Funding Fee Update As Of November 22, 2011
PURPOSE: On November 21, 2011, the President signed H.R. 674. Section 265 of the law raises funding fees to the pre-November 18, 2011 levels. The fees specified in Section 265 are valid through September 30, 2016.
Circular 26-11-18 - November 15, 2011
Funding Fee Updates
PURPOSE: The purpose of this circular is to provide lenders with information on pending Congressional action affecting Department of Veterans Affairs (VA) funding fees. VA Circular 26-11-17 and other announcements noted the likelihood of funding fees remaining at their present levels.
Circular 26-11-17 - November 4, 2011
Future Funding Fee Changes
PURPOSE: This circular discusses the possibility of future funding fee changes for Department of Veterans Affairs (VA) home loans.
Circular 26-08-14 Change 2 - October 28, 2011
VA Acceptance of Homebuyer Assistance Programs
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position with respect to this procedure.
Circular 26-11-16 - October 13, 2011
Funding Fee Refund Procedures
PURPOSE: This circular announces that the Department of Veterans Affairs (VA) Funding Fee Payment System (FFPS) has been updated to calculate the funding fee changes noted in Circular 26-11-15 per Public Law 112-37, the Veterans Health Facilities Capital Improvement Act of 2011.
Circular 26-11-15 - October 6, 2011
Updated Funding Fee Changes
PURPOSE: The President signed H.R. 2646, Veterans Health Facilities Act Capital Improvement Act of 2011 on October 5, 2011. The bill includes a provision resulting in funding fees reverting to the same rates that existed prior to October 1, 2011 for loans closed October 6, 2011 through and including November 17, 2011. Rates for loans closed prior to enactment of H.R. 2646 and for loans closed on or after November 18, 2011 are discussed below.
Circular 26-11-14 - September 26, 2011
Uniform Appraisal Dataset (UAD)
PURPOSE: The purpose of this circular is to announce the adoption of Uniform Appraisal Dataset (UAD) compliant appraisal reports for Department of Veterans Affairs (VA) Loan Guaranty Program purposes.
Circular 26-11-13 - September 9, 2011
Transfer of Certificate of Eligibility (COE) Processing to Atlanta Regional Loan Center (RLC)
PURPOSE: This circular announces the transfer of all COE processing from the Winston-Salem Eligibility Center (EC) to the Atlanta RLC.
Circular 26-11-12 - September 8, 2011
Funding Fee Changes Effective October 1, 2011
PURPOSE: This circular announces changes in funding fees for Department of Veterans Affairs (VA) loans closed on or after October 1, 2011.
Circular 26-11-11 - September 8, 2011
Funding Fee (FF) Exemption Status and Verification of Income on Certificate of Eligibility (COE)
PURPOSE: This circular announces the first release of COEs incorporating the FF exemption status and Income Verification. By having the FF status shown on the COE, lenders in most cases will no longer be required to fax the Department of Veterans Affairs (VA) Form 26-8937, Verification of VA Benefits, to a VA office for processing. There will still be instances where faxing VA Form 26-8937 is necessary, but the majority of FF exemption determinations will be processed internally and displayed on the COE.
Circular 26-11-8 - May 20, 2011
Elimination of the Prior Loan Validation Requirement
PURPOSE: This circular announces that a Prior Loan Validation (PLV) is no longer required on Department of Veterans Affairs (VA) Interest Rate Reduction Refinance Loans (IRRRLs).
Circular 26-11-6 - May 4, 2011
Additional Relief Following Tornado Outbreaks
PURPOSE: This circular expresses concern about Department of Veterans Affairs (VA) home loan borrowers affected by the high number of tornado outbreaks in April 2011, and describes measures mortgagees may employ to provide relief.
Circular 26-11-5 - February 24, 2011
New Loan Modification Regulation
PURPOSE: The purpose of this circular is to announce the primary changes for modifying Department of Veterans Affairs (VA) guaranteed home loans resulting from a recent regulatory revision.
Circular 26-11-4 - February 22, 2011
Loan Guaranty Regulatory Update
PURPOSE: The purpose of this circular is to announce the completion of the Department of Veteran Affairs' (VA) regulatory restructuring in Title 38 of the Code of Federal Regulations (CFR), part 36.
Circular 26-11-3 - January 26, 2011
Servicemembers Civil Relief Act
PURPOSE: This circular is a short reminder to servicers of several key provisions of the Servicemembers Civil Relief Act (hereafter referred to as either SCRA or the Act) and the need to establish appropriate internal controls to comply with the Act.
Circular 26-11-1 - January 6, 2011
Relocation Assistance For VA Borrowers
PURPOSE: This circular provides authority and instructions for mortgage servicers to pay relocation assistance to borrowers participating in two different loss mitigation options: (1) a deed-in-lieu of foreclosure (DIL); or (2) a short sale with VA compromise claim.
2010
Circular 26-10-15 - December 22, 2010
Guidance For Implementing New SAH Regulations
PURPOSE: New VA regulations published in Title 38, Code of Federal Regulations, sections 36.4400 through 36.4411, update the regulations and implement changes to the Specially Adapted Housing (SAH) program that have developed over the past few years. The purpose of this circular is to provide guidance on processing SAH cases under the new rules.
Circular 26-10-14 - December 2, 2010
Transfer of TAS Functions to WebLGY
PURPOSE: This circular announces the transfer of some functions from The Appraisal System (TAS) to WebLGY.
Instructions for Using TAS Functions That Have Been Migrated to WebLGY
Circular 26-10-13 - October 15, 2010
The Veterans Benefits Act of 2010
PURPOSE: This circular announces the enactment of the Veterans' Benefits Act of 2010, and explains resulting changes, which relate to the VA Home Loan Program.
Circular 26-10-12 - September 23, 2010
Domain Name Change for the VA Home Loan Program Internet Website
PURPOSE: This circular provides guidance regarding an Internet web address change for the Department of Veterans Affairs (VA) Home Loan Internet website.
Circular 26-10-10 - September 7, 2010
Temporary Relocation of Loan Guaranty Service
PURPOSE: The purpose of this circular is to provide guidance concerning the temporary relocation of Loan Guaranty Service. Effective September 13, 2010, Loan Guaranty Service will temporarily relocate from Washington, DC to Alexandria, VA.
Circular 26-10-9 - Change 1 - August 6, 2010
Itemization of Credits and Title Service Charges
PURPOSE: This circular clarifies language in paragraph 2b of the original circular dated July 30, 2010. Specifically, the sentence "Lenders will now be required to provide a breakout of the charges shown on line 1101, Title Services and lender's title insurance, similar to the breakout required of line 801, Our origination charge, on the HUD-1" mistakenly implies that the breakout must be on the HUD-1 itself. This is not the case. The reference "‚on the HUD-1" was only intended to identify where line 801, our origination charge, is found. The breakout should be on any attachment or addendum that can be attached to the HUD-1.
Circular 26-10-9 - July 30, 2010
Itemization of Credits and Title Service Charges
PURPOSE: This circular announces new requirements concerning closing costs. Effective for loan applications taken on or after October 1, 2010, lenders must include an itemization of (a) seller, lender, mortgage broker, or real estate agent/broker credits and (b) title service charges. Lenders are encouraged to combine the itemization of credits and title charges with the VA origination statement required by Circular 26-10-1.
Circular 26-10-4 - Change 1 - July 29, 2010
Title Documentation in Florida
PURPOSE: The purpose of this change is to amend the information in the circular concerning the fixed period of liability preceding acquisition of title in a foreclosure for Home Owners Association (HOA) dues and assessments on a condominium unit, as a result of a recent change in Florida law that became effective July 1, 2010.
Circular 26-08-5 - Change 2 - June 23, 2010
Expansion of the Types of Ownership Interests Permissible Under the Specially Adapted Housing (SAH) Grant Program
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position with respect to this procedure.
Circular 26-10-8 - June 23, 2010
Relief for Veteran Homeowners Affected by the Gulf Oil Crisis
PURPOSE: This circular expresses concern for VA-guaranteed home loan borrowers who are experiencing difficulties due to the oil spill in the Gulf of Mexico and describes measures VA urges mortgage servicers to employ in providing relief to distressed borrowers.
Circular 26-10-7 - June 1, 2010
Forbearance For Homeowners With Problem Drywall
PURPOSE: This circular provides guidance on the servicing of VA-guaranteed home loans where borrowers are experiencing difficulty due to the presence of drywall that may be causing health issues and/or damage to homes.
Circular 26-09-19 - Change 1 - May 17, 2010
Rescission of VA Acceptance of HUD/FHA Condominium Approvals
PURPOSE: The purpose of this change is to clarify when VA can and cannot accept HUD/FHA/USDA condominium project approvals.
Circular 26-08-8 - Change 1 - April 26, 2010
Loan Modifications Under VALERI
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position with respect to this procedure.
Circular 26-08-14 - Change 1 - April 23, 2010
VA Acceptance of Homebuyer Assistance Programs
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position with respect to this procedure.
Circular 26-10-4 - March 24, 2010
Title Documentation in Florida
PURPOSE: This circular provides guidance on the submission of title documents to VA's property management contractor when conveying a property to VA in the State of Florida.
Circular 26-08-3 - Change 1 - February 3, 2010
Processing Transfers of Ownership Under VALERI
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position with respect to this procedure.
Circular 26-09-17 - Change 1 - January 11, 2010
Interim Process for Pre-Approval of Loan Modifications on Current Loans
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular to coincide with the rescission date of Circular 26-10-2.
Circular 26-10-1 - January 7, 2010
Impact of New Real Estate Settlement and Procedures Act (RESPA) Rule on Fees and Charges for Department of Veterans Affairs (VA) Loans
PURPOSE: In response to the new RESPA rule that took effect January 1, 2010, this circular provides guidance on fees and charges a veteran may pay when obtaining a VA-guaranteed home loan. The circular also announces new documentation requirements for lenders and the elimination of a previously required disclosure statement.
2009
Circular 26-09-12 - Change 3 - May 7, 2014
Property Preservation Requirements and Fees
PURPOSE: The purpose of this change is to provide clarification on the minimum requirements for Department of Veterans Affairs (VA) guaranteed home loans with regard to securing of the property and fees that will be reimbursed by VA for those services in a claim under the loan guaranty.
Circular 26-09-5 - Change 1 - March 12, 2013
VA Appraisal Requirements on Foreclosed Properties
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular so that that all properties, including foreclosed properties, meet minimum property requirements (MPRs) prior to VA Loan Guaranty.
Circular 26-09-15 - Change 2 - December 31, 2012
Processing Requests for Execution of Quitclaim Deeds
PURPOSE: This change clarifies internal procedures, and extends the rescission date of the basic circular to provide guidance on the Department of Veterans Affairs (VA) position with respect to the handling of requests for execution of quitclaim deeds.
Circular 26-09-12 - Change 2 - December 18, 2012
Propety Preservation Requirements and Fees
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA's position with respect to this procedure.
Circular 26-09-19 - November 30, 2009
Rescission of VA Acceptance of HUD/FHA Condominium Approvals
PURPOSE: The purpose of this circular is to announce the rescission of the VA policy regarding acceptance of HUD/FHA approvals of condominium projects, as stated in the VA Lender's Handbook, Chapter 16, Common Interest Communities, Condominiums and Planned Unit Developments, section 16-A.02.
Circular 26-09-17 - October 1, 2009
Interim Process for Pre-approval of Loan Modifications on Current Loans
PURPOSE: This circular provides an interim process for the pre-approval of modifications on current loans while VA develops an automated solution.
Circular 26-09-16 - October 1, 2009
Changes to the Specially Adapted Housing Program Public Law 110-289
PURPOSE: This circular explains changes to the Specially Adapted Housing (SAH) program made by Section 2605 of the Housing and Economic Recovery Act of 2008, which provides for automatic annual increases in the dollar amounts available to certain SAH grant recipients.
Circular 26-09-15 - September 8, 2009
Processing Requests for Execution of Quitclaim Deeds
PURPOSE: This circular provides guidance on the Department of Veterans Affairs (VA) handling of requests for execution of quitclaim deeds.
Circular 26-09-13 - Change 1 - August 28, 2009
Centralization of LAPP and SAPP Programs
PURPOSE: The purpose of this change is to add an e-mail site linking to the Staff Appraisal Review (SAR) application and to make a correction to an e-mail site used by SARs.
Circular 26-09-13 - August 24, 2009
Centralization of LAPP and SAPP Programs
PURPOSE: The purpose of this circular is to announce the centralization of application processing and training for the Lender Appraisal Processing Program (LAPP) and Servicer Appraisal Processing Program (SAPP). The centralization of these programs will ensure that program participants receive consistent training across the nation.
Circular 26-09-12 - August 13, 2009
Property Preservation Requirements and Fees
PURPOSE: This circular describes minimum requirements for the inspection of properties securing VA-guaranteed home loans and the maintenance, preservation, and repair of any properties found to be abandoned. Additionally, this circular contains a table of the maximum fees that will be reimbursed by VA for those services in a claim under the loan guaranty.
Circular 26-09-11 - July 7, 2009
Market Conditions Addendum to VA Appraisal - Preparation Fee
PURPOSE: The purpose of this circular is to announce that, effective with appraisal assignments dated August 1, 2009 or later, VA is increasing the maximum allowable appraisal fees for all property types by $50.
Circular 26-09-8 - May 22, 2009
Suspension of Master Certificate of Reasonable Value Issuance
PURPOSE: The purpose of this circular is to announce the suspension of issuing Master Certificates of Reasonable Value (MCRV).
Circular 26-09-7 - May 1, 2009
Reporting Paid-In-Full Loans
PURPOSE: This circular describes the procedures for reporting paid-in-full loans to VA upon full satisfaction of the loan by payment or otherwise.
Circular 26-09-6 - March 31, 2009
Sale of New Construction Properties by Lenders
PURPOSE: The purpose of this circular is to announce that, under certain circumstances, the Department of Veterans Affairs (VA) will allow for the purchase of "new construction" properties without either a VA 1-year warranty or a 10-year insurance backed protection plan.
Circular 26-09-5 - March 31, 2009
VA Appraisal Requirements on Foreclosed Properties
PURPOSE: This circular reaffirms Department of Veterans Affairs (VA) policy that all properties, including foreclosed properties, must meet minimum property requirements (MPRs) prior to VA Loan Guaranty.
Circular 26-09-2 - March 12, 2009
Minor Change to the Certificate of Eligibility
PURPOSE: The purpose of this circular is to announce a minor change to VA Form 26-8320, Certificate of Eligibility, for home loan benefits.
Circular 26-09-1 - February 2, 2009
Changes to VA Form 26-0286, VA Loan Summary Sheet
PURPOSE: Effective May 1, 2009, lenders will be required to report additional information on all regular (also referred to as "cash-out") refinance loans. The additional data will enable VA to more effectively monitor aspects of our program. The appropriate enhancements have been incorporated in WebLGY.
2008
Circular 26-08-21 - December 9, 2008
Reporting Paid-In Full Loans
PURPOSE: This circular describes the procedures for reporting paid-in-full loans to VA upon full satisfaction of the loan by payment or otherwise.
Circular 26-08-10 - Change 1 - November 7, 2008
New VA Property Management Contractor
PURPOSE: The purpose of this change is to revise the address for holders and servicers to submit title documents to VA's property management contractor, Countrywide Home Loans (CHL), and to change the address to be reflected on all endorsements on insurance in force at the time of loan termination.
Circular 26-08-17 - September 5, 2008
Elimination/Consolidation of Certain Certifications
PURPOSE: This circular announces the elimination of certain certifications and requirements in the processing of VA guaranteed home loans. It also provides a consolidated certification (exhibit A) for use in originating VA loans. These changes will help lenders by eliminating redundancies and consolidating mandatory certifications into a single certification. The changes do not signal a relaxing of VA credit underwriting standards or a lessening of lender responsibilities.
Circular 26-08-15 - September 4, 2008 (Rescinded by Circular 26-08-19 on 10/16/2008)
Expiration of VA Authority to Guarantee Adjustable Rate Mortgages and Hybrid Adjustable Rate Mortgages
PURPOSE: Unless Congress extends the Department of Veterans Affairs' authority to guarantee adjustable rate mortgages (ARMs) and hybrid adjustable rate mortgages (HARMs), these loan types will expire on September 30, 2008. Lenders should not accept applications for VA-guaranteed ARMs and HARMs after September 30, 2008. Lenders with an ARM or HARM application dated September 30, 2008 or earlier may obtain a VA Loan Guaranty Certificate so long as the loan closes within a reasonable time and satisfies all other VA program requirements.
Circular 26-08-14 - August 19, 2008
VA Acceptance of Homebuyer Assistance Programs
PURPOSE: The purpose of this circular is to establish requirements for VA acceptance of Homebuyer Assistance Programs (HAP) for use by veteran-homebuyers in conjunction with VA-guaranteed home financing.
Circular 26-08-13 - August 7, 2008
Access to Vacant Properties for Liquidation Appraisals
PURPOSE: This circular describes the policies and procedures for VA fee appraisers to obtain access to vacant properties to perform VA liquidation appraisals.
Circular 26-08-10 - July 22, 2008
New VA Property Management Contractor
PURPOSE: This circular provides guidance for submission of title documents to the new property management contractor for the VA home loan guaranty program, which is Countrywide Home Loans (CHL), a wholly-owned subsidiary of Bank of America.
Circular 26-08-9 - June 18, 2008
Interior Inspections on Abandoned Properties
PURPOSE: The purpose of this circular is to clarify VA's position on requirements for conducting interior inspections on abandoned properties.
Circular 26-08-7 - Change 1 - June 18, 2008
Allowable Attorney Fees and Outsourcing
PURPOSE: The purpose of this change is to clarify as simply as possible VA's position on outsourcing.
Circular 26-08-8 - June 10, 2008
Loan Modifications Under VALERI
PURPOSE: The purpose of this circular is to clarify the applicable maximum interest rate and new requirements when modifying a loan under the new VA Loan Electronic Reporting Interface (VALERI) environment.
Circular 26-08-7 - May 1, 2008
Allowable Attorney Fees and Outsourcing
PURPOSE: The purpose of this circular is to clarify VA's position on allowable attorney fees and costs of outsourcing foreclosure referral and management services.
Circular 26-08-5 - March 12, 2008
Expansion of the Types of Ownership Interests Permissible Under the Specially Adapted Housing (SAH) Grant Program
PURPOSE: This circular announces an expansion of the types of ownership interests permissible under the Specially Adapted Housing (SAH) grant program.
Circular 26-08-3 - February 7, 2008
Processing Transfers of Ownership Under VALERI
PURPOSE: The purpose of this circular is to explain how to process transfers of ownership under new VA regulations, specifically subpart F of part 36 of Title 38 of the Code of Federal Regulations (CFR), which establishes the VA Loan Electronic Reporting Interface (VALERI) environment.
Circular 26-08-1 - February 5, 2008
Allowable Attorney Fees, Claim Time Limits, and New Liquidation Appraisal Review Authority
PURPOSE: The purpose of this circular is to announce new limits on allowable attorney fees, the establishment of a time limit on the submission of claims under loan guaranty, and new authority for review of liquidation appraisals.
2007
2006
Circular 26-06-8 - November 17, 2006
Louisiana's "The Road Home" Program - Hurricane Katrina and Rita Grants
PURPOSE: This circular will provide direction to VA-guaranteed loan holders and servicers who receive requests from borrowers concerning grants under Louisiana's "The Road Home" program to offer relief to victims of Hurricanes Katrina and Rita.
Circular 26-06-6 - August 30, 2006
Mississippi Development Authority Katrina Grant
PURPOSE: This circular will provide direction to VA-guaranteed loan holders who receive requests from borrowers concerning grants under the initial Mississippi Development Authority (MDA) plan to offer relief to victims of Hurricane Katrina.
VA Housing Assistance to Gulf Coast Hurricane Victims - Update - 3/21/2006
VA removed property rental listings in the states of Kentucky and Oklahoma from the Ocwen website. For information regarding availability of rentals in those states please contact VA at 1-866-396-5362.
VA Policy Regarding Natural Disasters
Disaster Advice for Veteran Homeowners
Circular 26-06-02 February 15, 2006
Conveyance of Properties to VA
PURPOSE: This circular provides guidance on procedures for conveyance of properties to VA, including (1) clarification about insurance requirements; (2) timeframe's for submission of title documents to the Property Management service provider, Ocwen Loan Servicing LLC (Ocwen); and (3) VA policies on Bills of Collection (BOC) for re conveyed properties.
Circular 26-06-01 February 15, 2006
Procedures Modification for Processing Proposed and Under Construction Cases
PURPOSE: The purpose of this circular is to advise program participants of procedural changes that will facilitate compliance with new Department of Veterans Affair's (VA) requirements for proposed construction cases. These changes will result in more streamlined processing and reduction of paperwork.
2005
Circular 26-05-11 - December 8, 2005
Claim Adjustment on a Modified Loan
PURPOSE: The purpose of this circular is to provide guidance and authorization for VA field stations to adjust loan guaranty claims on modified loans when appropriate.
Circular 26-05-09 - December 02, 2005
Continued Forbearance on Loans Affected by Hurricanes Katrina and Rita
PURPOSE: This circular is to request continued forbearance for VA home loan borrowers affected by the enormity of Hurricanes Katrina and Rita.
Circular 26-05-07 - September 27, 2005
Additional Relief Following Hurricanes Katrina and Rita
PURPOSE: This circular expresses concern about VA home loan borrowers affected by the enormity of Hurricanes Katrina and Rita, and describes measures mortgages may employ to provide relief.
Circular 26-05-06 - September 27, 2005
Eligibility and Underwriting Guidance for Hurricane Katrina and Hurricane Rita Impacted Veterans
PURPOSE: This circular provides guidance on eligibility and underwriting issues relating to veterans who have been impacted by Hurricane Katrina and Hurricane Rita.
Circular 26-05-04 - September 7, 2005
Mortgage Electronic Registration System (MERS)
PURPOSE: This circular announces that the Mortgage Electronic Registration System (MERS) registration fee is considered an allowable closing cost for veterans obtaining a VA guaranteed home loan.
Circular 26-05-02 - May 25, 2005
Computer Based Training for Appraisal Field Reviews
PURPOSE: Loan Guaranty Service has produced a new computer-based training course for Construction & Valuation (C&V) field appraisers. Its purpose is to provide staff with uniform procedures and acceptable practices for VA appraisal field reviews. In December 2004, this auto-run CD program entitled "Field Appraisal Review" was distributed to the VA Regional Loan Centers as well as Honolulu and San Juan Regional Offices for use by their C&V staff. This circular contains information and instructions for use on this training course.
Circular 26-05-01 - May 17, 2005
New Appraisal Report Forms and Instructions for Use
PURPOSE: The purpose of this circular is to provide information to program participants on the revision of appraisal report forms by Fannie Mae and Freddie Mac.
2003 - 2004
Circular 26-04-5 - May 7, 2004
The Department of Veterans Affairs as the Client on VA Appraisals
PURPOSE: The purpose of this circular is to advise program participants of a new VA policy as a result of a change in the Uniform Standards of Professional Appraisal Practice (USPAP) for 2004.
Circular 26-04-4 - May 7, 2004
Request for Reconsideration of Value on VA Appraisals
PURPOSE: The purpose of this circular is to reaffirm VA policy for processing requests for Reconsideration of Value (ROV) and to confirm compliance with the Uniform Standards of Professional Appraisal Practice (USPAP). Expeditious processing of ROV's is essential to ensure timely closing of VA loans.
Circular 26-03-11 - December 22, 2003
New Procedures for Improving Communication with Fee Appraisers and Streamlining Reconsiderations of Value
PURPOSE: The purpose of this circular is to encourage VA program participants to provide relevant market data to VA fee and staff appraisers during the appraisal process. These guidelines should help limit the number of cases that reach the reconsideration of value phase and also provide a more timely response to those cases that are submitted for reconsideration. However, the procedures described in this Circular should in no way suggest that appraisers are being pressured to make appraised values meet or exceed sale prices.
1996 - 2001
Circular 26-01-7 Erratum - September 6, 2001
Circular has been changed.
Circular 26-01-7 - August 31, 2001
Procedures for Obtaining "Bidding Instructions" from VA
PURPOSE: This circular clarifies existing guidance on information that must be provided to obtain specified amount advice ("bidding instructions") from VA, including cases involving reductions of loan indebtedness in order to avoid "no-bids."
Circular 26-96-1 - January 17, 1996
Flood Insurance Requirements for VA as a Direct Lender, Servicer or Seller of Loans
APPLICABILITY: On September 23, 1994, the President signed Public Law 103-325, which included amendments to the National Flood Insurance Act. The amendments impose new procedural requirements on "Federal Agency Lenders," including VA in its capacity as a lender, servicer, seller and buyer of loans. The requirements addressed in this circular are effective immediately, unless otherwise specified. This circular addresses only the flood insurance requirements and procedures VA must comply with as a direct lender, servicer, seller and buyer of loans. For flood insurance requirements on loans guaranteed by VA, see Circular 26-90-13.
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