VA Extends Forbearance Of Loans Affected By Hurricanes Katrina And Rita

April 5, 2006

Purpose:
This circular requests extended forbearance for VA home loans borrowers affected by the enormity of Hurricanes Katrina and Rita. This change clarifies that VA will allow additional time to document written commitments by borrowers to work with mortgagees to develop and implement plans to resolve mortgage delinquencies.