• The 2009 VA Lenders Conference sponsored by the Houston, St Paul and Cleveland Regional Loan Centers will be held October 22-23, 2009, in San Antonio, TX. Please click on link above for additional information.

• Suspension of MCRV Issuance

• Reporting Paid in Full Loans

• Sale of new construction properties by lenders

• VA appraisal requirements on foreclosed properties

• Starting April 1, 2009, the Department of Veterans Affairs requires appraisers to include a Fannie Mae Market Addendum, Form 1004MC, in all VA appraisal reports.

• VA now requires a copy of the sales agreement to be submitted to the appraiser immediately upon assignment for all originatoin appraisals

• Certificates of Eligibility no longer include the veteran's birthdate.

• Information regarding 2009 training schedule
  
  

• Clarification of Entitlement Calculations for veterans who have previously used the program
  

• Changes to VA Form 26-0286, VA Loan Summary Sheet
  

• Reporting Paid-in-Full Loans under VALERI
  

• Extension of Adjustable Rate Mortgage authority and enhancement of regular refinance loans
  

• Termination of telephone access to CAIVRS
  

• Elimination/consolidation of certain certifications for guaranteed loans
  

• Maximum guaranty amounts for loans originated after January 1, 2009
  

• Expiration of VA authority to guarantee adjustable rate mortgages and hybrid adjustable rate mortgages after September 30, 2008. Rescinded: See VA Circular 26-08-19 above.
  

• New appraisal fee schedule for the St Paul RLC, effective on appraisals ordered on or after September 1, 2008.
  

• The purpose of this circular is to establish requirements for VA acceptance of Homebuyer Assistance Programs (HAP) for use by veteran-homebuyers in conjunction with VA-guaranteed home financing.
  

• Implementation of temporary increase in maximum loan amounts under HR 3221,
  the Housing and Economic Recovery Act of 2008.

• Guidelines for porcessing share loans for cooperative dwellings.

• Temporary reduction in the validity period on VA Notices of Value (NOV) and Master Certficates of Reasonable Value (MCRV) for proposed construction cases

• Clarifications regarding Interest Rate Reduction Refinance Loans (IRRRL) in Minnesota

• New training guide October 2008

• Reporting Loans Paid in Full

• "Any Qualified Veteran" as the Borrower on VA Appraisals

• Information regarding eligibility center changes

• Update regarding registration fee

• Certificate of Eligibility Entitlement Code Explanations

• Notice of Previously Posted Memorandums

• Loans Paid in Full

Published Regulations -1/27/2005

• Regulations have just been published which formally implement Public Law 107-103. This statute was enacted on December 27, 2001. A number of the provisions of this public law have since been amended by subsequent statutes, including recently enacted P.L. 108-454, provisions of which are described in Circular 26-04-12.
• This newly-published regulation as it pertains to the VA guaranty amount has been superseded by P.L. 108-454. All other provisions reflect existing program requirements, including the current maximums for the specially adapted housing grant and the special housing adaptations grant of $50,000 and $10,000, respectively. There is nothing in this regulatory amendment which has not already been implemented pursuant to the law.
  

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