Circulars/News - 2009
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Circular 26-09-15 - Change 1 - January 18, 2012
Processing Requests for Execution of Quitclaim Deeds
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA’s position with respect to this procedure.
Circular 26-09-12 - Change 1 - January 18, 2012
Property Preservation Requirements and Fees
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA’s position with respect to this procedure.
Circular 26-09-4 - Change 1 - January 6, 2012
Market Conditions Addendum to VA Appraisal
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA’s position with respect to this procedure.
Circular 26-09-3 - Change 1 - January 6, 2012
Agreement of Sale / Sales Contract to be Provided to the Fee Appraiser
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA’s position with respect to this procedure.
Circular 26-09-8 Change 1 - December 22, 2011
Suspension of Master Certificate of Reasonable Value Issuance
PURPOSE: The purpose of this change is to extend the rescission date of the basic circular so that stations continue to provide guidance on VA’s position with respect to this procedure.
Circular 26-09-19 - Change 1 - May 17, 2010
Rescission of VA Acceptance of HUD/FHA Condominium Approvals
PURPOSE: The purpose of this change is to clarify when VA can and cannot accept HUD/FHA/USDA condominium project approvals.
Circular 26-09-17 - Change 1 - January 11, 2010
Interim Process for Pre-Approval of Loan Modifications on Current Loans
PURPOSE: . The purpose of this change is to extend the rescission date of the basic circular to coincide with the rescission date of Circular 26-10-2.
Circular 26-09-19 - November 30, 2009
Rescission of VA Acceptance of HUD/FHA Condominium Approvals
PURPOSE: The purpose of this circular is to announce the rescission of the VA policy regarding acceptance of HUD/FHA approvals of condominium projects, as stated in the VA Lender’s Handbook, Chapter 16, Common Interest Communities, Condominiums and Planned Unit Developments, section 16-A.02.
Circular 26-09-17 - October 1, 2009
Interim Process for Pre-approval of Loan Modifications on Current Loans
PURPOSE: This circular provides an interim process for the pre-approval of modifications on current loans while VA develops an automated solution.
Circular 26-09-16 - October 1, 2009
Changes to the Specially Adapted Housing Program Public Law 110-289
PURPOSE: This circular explains changes to the Specially Adapted Housing (SAH) program made by Section 2605 of the Housing and Economic Recovery Act of 2008, which provides for automatic annual increases in the dollar amounts available to certain SAH grant recipients.
Circular 26-09-15 - September 8, 2009
Processing Requests for Execution of Quitclaim Deeds
PURPOSE: This circular provides guidance on the Department of Veterans Affairs (VA) handling of requests for execution of quitclaim deeds.
Circular 26-09-13 - Change 1 - August 28, 2009
Centralization of LAPP and SAPP Programs
PURPOSE: The purpose of this change is to add an e-mail site linking to the Staff Appraisal Review (SAR) application and to make a correction to an e-mail site used by SARs.”
Circular 26-09-13 - August 24, 2009
Centralization of LAPP and SAPP Programs
PURPOSE: The purpose of this circular is to announce the centralization of application processing and training for the Lender Appraisal Processing Program (LAPP) and Servicer Appraisal Processing Program (SAPP). The centralization of these programs will ensure that program participants receive consistent training across the nation.”
Circular 26-09-12 - August 13, 2009
Property Preservation Requirements and Fees
PURPOSE: This circular describes minimum requirements for the inspection of properties securing VA-guaranteed home loans and the maintenance, preservation, and repair of any properties found to be abandoned. Additionally, this circular contains a table of the maximum fees that will be reimbursed by VA for those services in a claim under the loan guaranty.
Circular 26-09-11 - July 7, 2009
Market Conditions Addendum to VA Appraisal - Preparation Fee
PURPOSE: The purpose of this circular is to announce that, effective with appraisal assignments dated August 1, 2009 or later, VA is increasing the maximum allowable appraisal fees for all property types by $50.
Circular 26-09-8 - May 22, 2009
Suspension of Master Certificate of Reasonable Value Issuance
PURPOSE: The purpose of this circular is to announce the suspension of issuing Master Certificates of Reasonable Value (MCRV).
Circular 26-09-7 - May 1, 2009
Reporting Paid-In-Full Loans
PURPOSE: This circular describes the procedures for reporting paid-in-full loans to VA upon full satisfaction of the loan by payment or otherwise.
Circular 26-09-6 - March 31, 2009
Sale of New Construction Properties by Lenders
PURPOSE: The purpose of this circular is to announce that, under certain circumstances, the Department of Veterans Affairs (VA) will allow for the purchase of “new construction” properties without either a VA 1-year warranty or a 10-year insurance backed protection plan.
Circular 26-09-5 - March 31, 2009
VA Appraisal Requirements on Foreclosed Properties
PURPOSE: This circular reaffirms Department of Veterans Affairs (VA) policy that all properties, including foreclosed properties, must meet minimum property requirements (MPRs) prior to VA Loan Guaranty.
Circular 26-09-4 - March 27, 2009
Market Conditions Addendum to VA Appraisal
PURPOSE: The purpose of this circular is to announce that, effective no later than April 1, 2009, VA will require appraisers to include Fannie Mae Market Conditions Addendum, Form 1004MC, in all VA appraisal reports.
Circular 26-09-3 - March 27, 2009
Agreement of Sale/Sales Contract to be Provided to the Fee Appraiser
PURPOSE: The purpose of this circular is to announce the Department of Veterans Affairs (VA) requirement that a copy of the agreement of sale or sales contract be provided to the fee appraiser by the requester of the VA appraisal immediately upon assignment.
Circular 26-09-2 - March 12, 2009
Minor Change to the Certificate of Eligibility
PURPOSE: The purpose of this circular is to announce a minor change to VA Form 26-8320, Certificate of Eligibility, for home loan benefits.
Changes to VA Form 26-0286, VA Loan Summary Sheet
PURPOSE: Effective May 1, 2009, lenders will be required to report additional information on all regular (also referred to as “cash-out”) refinance loans. The additional data will enable VA to more effectively monitor aspects of our program. The appropriate enhancements have been incorporated in WebLGY.
Previous Circulars
