VA Circular 26-20-20, Index for Adjustable-Rate Mortgage (ARM) Products

June 02, 2020

Subscribe Today

The purpose of Circular is to remind lenders of Department of Veterans  Affairs regulations establishing the Constant Maturity Treasury rate as the only approved index for Adjustable Rate Mortgage products, as codified at 38 CFR 36.4312(d)(1), and to supplement the VA Lenders Handbook, M26-7, Chapter 7 to reflect this guidance

View Article Source →

Stay Informed, Subscribe to the Compliance Newshub

Subscribe Now