VA Circular 26-20-16 - April 21, 2020 Guidance for Noncompliant Interest Rate Reduction Refinance Loans (IRRRLs)

April 21, 2020

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VA is outlining expectations regarding loans that fail to meet the statutory requirements set forth in Section 309 of the EGRRCPA, affecting fee recoupment, net tangible benefit test, and loan seasoning requirements of VA IRRRLs, effective immedately. 

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