Tag: rate reduction

VA Circular 26-20-25 Change 1, Impact of CARES Act Forbearance on VA Purchase and Refinance Transactions, September 15, 2020, Effective immediately.

Written by: Tracey Rumsey, Staff Writer How to guide your clients who exercised their Forbearance rights under the CARES Act will be an ongoing topic for mortgage professionals.  In this update VA clarifies the seasoning requirements. Rule Synopsis: Effective date September 15, 2020 Summary Circular 26-20-25 is changed as follows: Page 3, Paragraph 6 d. […]

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