Stocks opened lower as investors assess corporate earnings and focus on the progress of the next stimulus bill. Republicans will need to secure the backing of Democrats to move forward with their current proposal to cut the federal weekly unemployment supplement from $600 to $200 through September, at which point the payment would combine the state benefits.
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_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.
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Stocks opened mixed as investors continue to review earnings reports and monitor developments on the anticipated U.S. stimulus package. Republicans are set to release their proposal for the next coronavirus relief bill and start negotiations with Democrats as the expiration of jobless benefits is scheduled for the end of the month