VA Circular 26-10-01 requires loan applications taken on or after May 1, 2010 must either provide an origination statement itemizing the fees included in 801 or list each of the individual fees included in the 801 fee amount separately directly on the HUD-1. Lenders are encouraged to comply as soon as possible.
A new Veterans Affairs Origination Statement Itemizing “Our Origination Charge” (Cx14692) has been created. It will print generically in all VA Closings for new RESPA loans.
The circular also removes the requirement for an Interest Rate and Discount Disclosure Statement for loans using the new GFE and HUD-1. The configuration of generic Cx2030 has been edited to only print for loans using the old RESPA documents.