Local Requirements News Today : Breaking News, Live Updates & Top Stories | Vimarsana

VA loans have majorly streamlined since a decade ago. The minimal red tape that remains is often justified; VA seeks to protect its veterans. For the first time that I recall, the VA is looking for public comment about their Local Requirements, also known as Minimum Property Requirements or MPRs (PDF). These include anything from required termite inspection reports to state-specific nuances. In 18 years of lending, this is the first time that I have seen VA requesting feedback and that opening is only good for a couple more weeks. VA's official notice is here: To Realtors and lenders...

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