Tag: va

Administration Unveils Plan to Cut Payments on Government-Backed Loans Up to 25%

Administration Unveils Plan to Cut Payments on Government-Backed Loans Up to 25%

The Biden administration has announced new loan modification options for borrowers who have government-backed home loans in order to help home owners who are still struggling to make their mortgage payments due to the COVID-19 pandemic.

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VA Updates Lender, Valuation Guidance for Borrowers Affected by COVID-19

Filed in Disaster Response, Housing Finance by on March 27, 2020 0 Comments
VA Updates Lender, Valuation Guidance for Borrowers Affected by COVID-19

The U.S. Department of Veterans Affairs today issued a circular that provides guidance for VA home loan borrowers affected by COVID-19 and describes temporary measures regarding loan origination, closing and guaranty. The agency also issued a separate notice regarding valuation practices during the pandemic.

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VA Accepts NAHB Revisions on Radon Mitigation Requirements

Filed in Codes and Standards, Environment by on October 23, 2019 10 Comments
VA Accepts NAHB Revisions on Radon Mitigation Requirements

In a victory for NAHB, the Department of Veterans Affairs (VA) has accepted our suggested revisions and clarifications regarding a builder’s certification requirements for radon gas mitigation on properties located in Zone 1 counties, which have the highest potential radon levels.

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VA Changes Approval Process for Site Condos in Michigan

Filed in Codes and Standards, Housing Finance by on May 29, 2018 6 Comments
VA Changes Approval Process for Site Condos in Michigan

In an important victory for NAHB and Michigan home builders, the Department of Veteran Affairs has announced a major change that will waive VA’s site condo approval process for single-family detached homes in the state of Michigan.

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