News & Analysis as of November 17, 2024

Foreclosure

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The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

VA announces its targeted foreclosure moratorium on VA loans

Orrick, Herrington & Sutcliffe LLP on 6/14/2024

On May 29, the VA announced a targeted foreclosure moratorium on VA-guaranteed loans, which will give servicers time to implement the Veterans Affairs Servicing Purchase (VASP) program. Servicers can implement the VASP...more

VA Announces “Targeted Foreclosure Moratorium” on VA Loans Through December 31, 2024

Troutman Pepper on 6/3/2024

On May 29, the Department of Veterans Affairs (VA) announced a targeted foreclosure moratorium on VA-guaranteed loans intended to allow servicers sufficient time to implement the Veterans Affairs Servicing Purchase (VASP)...more

VA Urges Servicers to Implement Foreclosure Moratorium on VA Loans

Ballard Spahr LLP on 12/4/2023

The U.S. Department of Veterans Affairs (VA) recently issued Circular 26-23-25 in which VA “is strongly encouraging a foreclosure moratorium on all VA-guaranteed loans through May 31, 2024.” Additionally, VA “urges servicers...more

VA Extends Foreclosure Moratorium

Ballard Spahr LLP on 5/18/2020

On May 15, 2020, the U.S. Department of Veterans Affairs (VA) issued Loan Guaranty Circular 26-20-18, dated May 14, 2020, to impose a further foreclosure moratorium on VA-guaranteed loans through June 30, 2020....more

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Mortgages › VA Loans › Foreclosure

VA announces its targeted foreclosure moratorium on VA loans

VA Announces “Targeted Foreclosure Moratorium” on VA Loans Through December 31, 2024

VA Urges Servicers to Implement Foreclosure Moratorium on VA Loans

VA Extends Foreclosure Moratorium

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