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VA: Circular 26-21-13: COVID-19 Home Retention Waterfall

Investor Update
July 23, 2021

Source: VA

1. Purpose. This Circular provides VA’s waterfall of home retention options for helping borrowers affected financially by the COVID-19 pandemic. This Circular also announces the COVID-19 Refund Modification, a type of loan modification specific to those borrowers needing payment reductions when exiting COVID-19 forbearance.

2. Effective Date. This Circular is effective on July 27, 2021.

To view full circular, please click the source link above.

 

 

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