LoanStream Mortgage has created this At-A-Glance to easily review recent COVID-19 communications implementing temporary Agency, Government and NanQ/Non-QM program changes or requirements in addition to LoanStream overlays. This document will be updated with changes as they occur.
LoanStream’s Referenced Memos | ||||||||||
Memo ID | Topic | Release Date | ||||||||
| LSM_06-03-2020 | Self Employed Borrowers – FNMA/FHLMC | 6/03/2020 | ||||||||
| LSM_06-03-2020 | Employment Re-Verification Update | 6/03/2020 | ||||||||
| LSM_05-26-2020 | Loans in Forbearance – Conventional | 5/26/2020 | ||||||||
| LSM_04-22-2020 | Initial Disclosures Required prior to Submit to UW | 4/22/2020 | ||||||||
| LSM_04-20-2020 | NanQ/Non-QM Guidelines Updates | 4/20/2020 | ||||||||
| LSM_04-17-2020 | CALHFA Updates | 4/17/2020 | ||||||||
| LSM_04-16-2020 | Government Loans FICO Reduction | 4/16/2020 | ||||||||
| LSM_04-08-2020 | FHA / USDA / VA Appraisal Guidance | 4/8/2020 | ||||||||
| LSM_04-07-2020 | Chenoa removes Conventional Options | 4/7/2020 | ||||||||
| LSM_04-07-2020 | FNMA / FHLMC Updates | 4/7/2020 | ||||||||
| LSM_04-02-2020 | Jumbo Loan Programs | 4/2/2020 | ||||||||
| LSM_03-30-2020 | Appraisal / 4506-T Transcripts Updates | 3/30/2020 | ||||||||
| LSM_03-27-2020 | Employment Re-verification | 3/27/2020 | ||||||||
| LSM_03-26-2020 | Re-verification of Borrower’s Employment | 3/26/2020 | ||||||||
This document is for informational purposes only. LSM’s Guides, Matrices and Bulletins remain the governing source of information and should be referenced for final eligibility.
On July 9, 2020, the Federal Emergency Management Agency (FEMA) has announced that federal disaster aid with individual has been made available in the state of Michigan period of May 16th-20th.
Stocks opened higher as investors prepare for U.S. companies to report earning this week and preview the impact of the Coronavirus pandemic.
Stocks opened mixed as new labor market data showed a larger than expected drop in initial jobless claims.