WBK Industry News - Federal Regulatory Developments

VALERI Servicer Newsflash Concerning Reporting Updates

VA issued a VALERI Servicer Newsflash dated October 28, 2020, providing information regarding reporting cures on CARES Act defaulted loans, and providing updated REO Redemption Instructions. 

VA also provided a change in guidance on how to avoid the “Sorry to Interrupt” error message when entering data on the Claim Detail Results Report and Events with Fatal Rules Report.