New Department of Veterans Affairs form. (Date of Release to Production: 06/06/24)

The Department of Veterans Affairs (“VA”) recently issued VA Circular 26-24-9 to announce the availability of new Form 26-10291, Assumption Entitlement Acknowledgment.  The form is written to provide information to a veteran that is acting as a seller whose loan is being assumed by a new purchaser. 

On May 1, 2024, the Federal Housing Administration (“FHA”) and the Federal Housing Finance Agency (“FHFA”) both published new policies regarding Reconsideration of Value (“ROV”).  The new requirements outline how lenders must disclose the ROV process to consumers and sets standards to improve current policies for appraisal reviews, including requests for reconsideration of value and second appraisals.

Updated footer logo to most recent version and applied dynamic signature lines. (Date of Release to Production: 05/23/24)

Updated footer logo to most recent version and applied dynamic signature lines. (Date of Release to Production: 05/23/24)

Updated footer logo to most recent version. (Date of Release to Production: 05/23/24)

Updated footer logo to most recent version. (Date of Release to Production: 05/23/24)

Updated footer logo to most recent version and applied dynamic signature lines. (Date of Release to Production: 05/23/24)

Added extra space for Lender on pages 1 and 11 and updated footer logo to most recent version. (Date of Release to Production: 05/23/24)

Applied dynamic signature lines. (Date of Release to Production: 05/15/24)