FEMA Disaster Louisiana Update
June 3, 2021
The Federal Emergency Management Agency (FEMA) has issued a major disaster declaration for the state of Louisiana due to severe storms, tornadoes, and flooding from May 17, 2021.
Non-QM Guidelines have changed effective 4/21/20
Owner Occupied Purchase:
• Max LTV 60%
Owner Occupied C/O & RT:
• Max LTV 55%
Second Homes:
• Max LTV 55%
Investment Properties:
• Max LTV 55%
LoanStream will honor loans with prior guidelines approved and locked by 3:00pm Tuesday April 21st.
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Recent News & Announcements
Memorial Day Lock Desk Hours
May 26, 2021
Friday, May 28th the Lock Desk will close at 12pm PDT for Memorial Day weekend. (Office open normal operating hours). Monday, May 31st the Lock Desk will be closed with no rate sheet published. We will resume normal hours on Tuesday, June 1st.
Change to TPO Document Uploads
May 6, 2021
THIS HAS BEEN RESOLVED. Due to an Ellie Mae Global Issue with Document Uploads, LoanStream has enabled our Native Document Tab and disabled our former Documents Management Tab