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Tag Archives: VA loan modification

VA Issues Guidance For Principal Reduction On VA Home Loans

VA Issues Guidance For Principal Reduction On VA Home Loans

The Department of Veterans Affairs has issued some guidance for lenders about principal reduction for VA mortgages. Borrowers who get into trouble with conventional or FHA home loans often wind up discussing foreclosure avoidance options that include principal reduction —...

VA Announcement on Loan Modification Regulations

VA Announcement on Loan Modification Regulations

VA Circular 26-11-22 was issued on December 23 to announce final changes to the rules for modifying VA insured home loans. The instructions were previously issued as an "interim final rule" but since that time, the Department of Veterans Affairs...