loan seasoning

VA Circular 26-19-22 Clarification and Updates to Policy Guidance for VA Interest Rate Reduction Refinance Loans (IRRRLs) – Dated August 8, 2019 -Updated VA Refinance Comparison Chart

Written by: Tracey Rumsey, Staff Writer VA issued a major update for IRRRL. Any production staff involved in the VA loan process needs to become aware of these important changes. Rule Synopsis: This Circular supersedes Circulars 26-18-1 (and Change 1) and 26-18-13. This Circular and the VA Handbook are now the guideline authority to follow [...]

2019-08-09T13:33:06-05:00August 12th, 2019|

Fannie Mae & VA – DU for Government Loans, Updates for VA Cash-Out Refinances, January 22, 2019, Effective February 15, 2019 – New Chart – VA Refinance Comparison Chart- Updated VA Cash-Out Refinance Checklist

Written By: Tracey Rumsey, Staff Writer Anyone working with Veteran clients needs to read this update.  There are important changes to the cash-out refinance program that you must be aware of. Rule Synopsis: Desktop Underwriter for Government Loans will be updated the weekend of February 16, 2019.  The updates will support the changes to VA cash-out [...]

2019-02-11T09:28:59-05:00February 10th, 2019|

VA-Circular 26-18-13 Policy Guidance Update: VA Refinance Loans and the Economic Growth, Regulatory Relief and Consumer Protection Act, Dated May 25, 2018-Effective for applications taken on or after May 25, 2018

By: Tracey Rumsey, Staff Writer Big news in the update that may affect VA loans already in your pipeline!   Read through this update to understand the policy guide and download our checklist to make sure that none of the loans in your pipeline are affected. Rule Synopsis: VA has published Circular26-18-13 which announces “The Protecting [...]

2018-06-11T11:08:53-05:00June 8th, 2018|