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Circulars/News - 2006
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Circular 26-06-2 -
Change 1 - April 4, 2008
Conveyance of Properties
to VA
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 26-06-5 - Change
1 -
November 8, 2007
The Veterans Housing Opportunity and Benefits Act of
2006
PURPOSE: The purpose of
this circular is to make a clarification regarding
the maximum loan amounts for Native American Direct
Loans.
Circular 26-06-4 -
Change 1 - September 17, 2007
Manufactured Home Appraisal Report
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 26-06-8 - November
17, 2006
Louisiana's "The Road Home" Program - Hurricane
Katrina and Rita Grants
PURPOSE: This circular will provide direction to
VA-guaranteed loan holders and servicers who receive
requests from borrowers concerning grants under
Louisiana's "The Road Home" program to offer relief to
victims of Hurricanes Katrina and Rita.
Circular 26-06-7 - November
8, 2006
Implementation of Public Law 109-233, Section 101
- Specially Adapted Housing
PURPOSE: On June 15, 2006, the President signed
P. L. 109-233, the Veterans Housing
Opportunity and Benefits Act of 2006. This circular explains
provisions for implementing Specially Adapted Housing
(SAH) grant use, which is a portion of the new law.
Circular 26-06-6 - August 30, 2006
Mississippi Development Authority Katrina Grant
PURPOSE: This circular will provide direction to VA-guaranteed loan holders who receive requests from borrowers concerning grants under the initial Mississippi Development Authority (MDA) plan to offer relief to victims of Hurricane Katrina.
VA
will not originate any additional leases to victims
of the 2005 Gulf Hurricane disaster after May 12,
2006.
Circular 26-06-05 -June 22, 2006
Veterans Housing Opportunity and Benefits Act of 2006
PURPOSE: On June 15, 2006, the President signed P. L. 109-233, the Veterans Housing
Opportunity and Benefits Act of 2006. This circular explains provisions impacting the Loan Guaranty Program.
Circular 26-06-03 Change 1 - April 5, 2006
Extended Forbearance of Loans Affected by
Hurricanes Katrina and Rita
Purpose: This circular requests extended forbearance for VA home loans borrowers
affected by the enormity of Hurricanes Katrina and Rita. This change clarifies that VA will allow additional time to document written commitments by borrowers to work with mortgages to develop and implement plans to resolve mortgage delinquencies.
VA Housing Assistance to Gulf Coast Hurricane Victims - Update - 3/21/2006
VA removed property rental listings in the states of Kentucky and Oklahoma from the Ocwen website. For information regarding availability of rentals in those states please contact VA at 1-866-396-5362.
VA Policy Regarding Natural Disasters
Disaster Advice for Veteran Homeowners
Circular 26-06-04 March 1, 2006
Manufactured
Home Appraisal Report
Purpose: The purpose of this circular is to provide information to program participants on the use of the new Manufactured Home Appraisal Report (Freddie Mac Form 70B/Fannie Mae Form 1004C, dated March 2005) for Department of Veterans Affair’s (VA) manufactured home appraisals.
Circular 26-06-03 February 28, 2006
Extended Forbearance on Loans Affected by
Hurricanes Katrina and Rita
Purpose: Circular 26-05-9 requested continued forbearance for VA home loan borrowers affected by the enormity of Hurricanes Katrina and Rita, including an extension to February 28, 2006, of the moratorium on initiation of new foreclosures in areas designated by FEMA as eligible for individual assistance. This circular provides continuing guidance on VA policy with respect to the extension of forbearance in appropriate cases.
Circular 26-06-02 February 15, 2006
Conveyance of Properties to VA
Purpose: This circular provides guidance on procedures for conveyance of properties to VA, including (1) clarification about insurance requirements; (2) timeframe's for submission of title documents to the Property Management service provider, Ocwen Loan Servicing LLC (Ocwen); and (3) VA policies on Bills of Collection (BOC) for re conveyed properties.
Circular 26-06-01 February 15, 2006
Procedures Modification for Processing
Proposed and Under Construction Cases
Purpose: The purpose of this circular is to advise program participants of procedural changes that will facilitate compliance with new Department of Veterans Affair’s (VA) requirements for proposed construction cases. These changes will result in more streamlined processing and reduction of paperwork.
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