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
|LSM_12-16-2020||COVID-19 Guideline Update||12/16/2020|
|LSM_11-20-2020||Revised COVID-19 Temporary Guidelines||11/20/2020|
|LSM_11-16-2020||Updated COVID-19 Temporary Guidelines||11/16/2020|
|LSM_10-27-2020||Updated COVID-19 Temporary Guidelines||10/27/2020|
|LSM_07-29-2020||Revision to 7/28 COVID-19 Temporary Guidelines||7/29/2020|
|LSM_07-28-2020||COVID-19 Update to Temporary Guidelines||7/28/2020|
|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_04-16-2020||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_03-26-2020||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.
News Delivered to Your Inbox
Recent News & Announcements
The Federal Emergency Management Agency (FEMA) has issued a major disaster declaration for the State of Louisiana due to Hurricane Delta. On November 6, 2020, with Amendment No. 1, FEMA granted five additional Louisiana Parishes affected by Hurricane Delta. FEMA has expanded the Hurricane Delta disaster declaration to include 2 additional counties: Allen and Iberia.
The Lock Desk will be closed Friday, December 25th, 2020 and Friday, January 1st, 2021, and no rate sheet will be published. On Thursday, December 24th, 2020 and Thursday, December 31st, 2020 LoanStream will be open, with the Lock Desk closing at 11am PST. We will resume normal business hours on Monday, December 28th, 2020 and Monday, January 4th, 2021.