AI-summarized from official sources and checked against the source text. Each item links to the official page.
In this update: 1 procedural.
Not yet finalized: This is a proposed rule, not a final VA rule.Source [1]
Loan Guaranty: Servicer Tier Ranking ProceduresLink to “Loan Guaranty: Servicer Tier Ranking Procedures”
Procedural / no direct effectWho: veterans with VA-guaranteed home loansWhy: VA is dropping a 2022 early-stage request for comment on changing how home loan servicers are tier-ranked. No rule change was ever in effect, so nothing changes for borrowers; existing servicer ranking procedures simply stay as they are.
What changed. The Department of Veterans Affairs (VA) is withdrawing a document published in the Federal Register on April 19, 2022, that requested public comment on revising VA's regulations governing the assignment of a performance-based tier ranking to each of the servicers that participate in VA's guaranteed home loan program. VA is withdrawing this advance notice of proposed rulemaking (ANPRM) because of ongoing assessments of agency needs, priorities, and objectives.
Comment deadline. This proposed rule is not final. Comment on regulations.gov (external site)
Source quotes
The Department of Veterans Affairs (VA) is withdrawing a document published in the Federal Register on April 19, 2022, that requested public comment on revising VA's regulations governing the assignment of a performance-based tier ranking to each of the servicers that participate in VA's guaranteed home loan program.
VA is withdrawing this advance notice of proposed rulemaking (ANPRM) because of ongoing assessments of agency needs, priorities, and objectives.