Skip to main content
Menu Icon Menu Icon

InfoBytes Blog

Financial Services Law Insights and Observations

VA updates Disaster Loan Modification guidance regarding re-amortization

Federal Issues Disaster Relief Department of Veterans Affairs Mortgages Mortgage Modification

Federal Issues

On May 8, the Department of Veterans Affairs (VA) released clarification of its Disaster Loan Modification guidance in circular 26-17-39. (Previously covered by InfoBytes here.) The revised circular now allows a servicer to re-amortize if necessary to meet investor guidelines, so long as the new monthly payment is the same or less than the current.

Find more InfoBytes disaster relief coverage here.

Share page with AddThis