Archives For: June 2020
VA: Circular 26-20-21: Property Inspection Requirements on CARES Act Forbearance Cases
The U.S. Department of Veterans Affairs (VA) issued a circular clarifying inspection requirements for properties purchased with VA guaranteed loans where the borrowers have been impacted by Coronavirus Disease 2019 (COVID-19).
8 Jun 2020
Fannie Mae: LoanSphere Invoicing Line Item Consolidation
Fannie Mae announced that in an effort to streamline servicer submissions for Grass Cut (Property Services) and Attorney Fee expenses, multiple subcategories will be deactivated in LoanSphere Invoicing and new sub-categories will be delivered, effective Aug. 1, 2020. This change will result in a net reduction of 28 subcategories.
3 Jun 2020