Vetted VA News2020-05-20T08:12:33-07:00

VA Guidelines – Manual Underwriting

Second Chance

If your lender is unable to get an automated underwriting approval, or if you’ve been turned down with no explanation, it’s possible that it’s your lender, and not you, who is not qualified.

VA manual underwriting guidelines are designed to give an Underwriter guidance and the guidelines for manually underwriting, and approving a loan application.

There are many lenders that simply do not manually underwrite VA loans. When choosing

Refinance After Forbearance Guidelines Released

Refinance or Purchase After Forbearance

May 19th, 2020 – Fannie Mae released an important update to its guidance on the Impact of COVID-19 on Originations:  Temporary eligibility requirements for purchase and refinance transactions.

This was much-anticipated guidance as the prospect of being locked out of traditional financing options for 12 months following a forbearance due to COVID-19 is creating a lot of pressure for lenders

Mortgage Forbearance is NOT Forgiveness – Read This First!

Mortgage Forbearance Fears

As part of the CARES Act (Coronavirus Aid, Relief, and Economic Security Act) recently signed into law by the President, forbearance has made the news in a big way.  The CARES Act provides for some additional forbearance protections for homeowners that do not normally exist outside of the COVID-19 pandemic.

Under the CARES act, the servicer of any Federally backed mortgage is

VA IRRRL Guidelines After CARES Act Forbearance

VA IRRRL After Forbearance

The COVID-19 coronavirus pandemic has hit Americans hard. Millions of lives have been abruptly disrupted.

The economy shuddered to a slow roll in a very short period of time, and millions of families are experiencing financial hardship as a result.

Financial hardship is a horrible experience for anyone, and it’s amplified if

VA Purchase or Refinance after COVID-19 Forbearance Guidelines

The COVID-19 coronavirus pandemic hit everyone hard. Millions of lives disrupted.

The economy shuddered to a slow roll in a very short period of time, and millions of families are experiencing financial hardship.

This hardship is amplified if you are a homeowner with a mortgage payment.

On March 27th, 2020 the Federal CARES Act was passed to offer a clear path to payment relief options for homeowners impacted by

VA and the CFBP Warn Homeowners Against Refinancing Scams

Everyone knows the age old saying: "if it sounds too good to be true..."  Well, consider this your official warning. In an article originally posted by the Consumer Financial Protection Bureau and the U.S. Department of Veterans Affairs, both entities have released a joint warning order to service members and veterans with VA home loans.

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