New VA ruling

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Services for Real Estate Pros with Scanlon Signing Services

 

 

The Department of Veterans Affairs issued an interim final rule providing safe harbor qualified mortgage status to almost all VA loans that meet the department’s current underwriting requirements. The rule took effect May 9. The department said the rule is intended to quell certain concerns regarding the potential impact of the Consumer Financial Protection Bureau’s ability-to-repay rule revisions on requirements for VA loans.

read more at

http://www.doddfrankupdate.com/Resource.ashx?sn=VAATR-QMInterimFinalRuleRIN2900-AO65

 

 

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