News & Announcements

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_07-29-2020   Revision to 7/28 COVID-19 Temporary Guidelines7/29/2020
LSM_07-28-2020   COVID-19 Update to Temporary Guidelines7/28/2020
LSM_06-03-2020    Self Employed Borrowers – FNMA/FHLMC6/03/2020
LSM_06-03-2020    Employment Re-Verification Update6/03/2020
LSM_05-26-2020    Loans in Forbearance – Conventional5/26/2020
LSM_04-22-2020    Initial Disclosures Required prior to Submit to UW4/22/2020
LSM_04-20-2020    NanQ/Non-QM Guidelines Updates4/20/2020
LSM_04-17-2020    CALHFA Updates4/17/2020
LSM_04-16-2020   Government Loans FICO Reduction4/16/2020
LSM_04-08-2020   FHA / USDA / VA Appraisal Guidance4/8/2020
LSM_04-07-2020   Chenoa removes Conventional Options4/7/2020
LSM_04-07-2020   FNMA / FHLMC Updates4/7/2020
LSM_04-02-2020   Jumbo Loan Programs4/2/2020
LSM_03-30-2020   Appraisal / 4506-T Transcripts Updates3/30/2020
LSM_03-27-2020   Employment Re-verification3/27/2020
LSM_03-26-2020   Re-verification of Borrower’s Employment3/26/2020

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.

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Recent News & Announcements

Market Update, Thursday July 30, 2020

Stocks opened lower following the sharpest U.S. economic contraction reported on record in the second quarter. Initial estimates from the Commerce Department indicate the economy shrank 32.9% in the three months ending June 30th.

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LoanStream Market Update

Market Update, Wednesday July 29, 2020

Stocks opened higher as investors anticipate the conclusion of the Federal Reserve meeting and a congressional hearing before the House Antitrust Subcommittee later today. One Tuesday, the Fed announced it would extend emergency lending programs by three months to encourage activity during the pandemic.

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