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


Release Date
LSM_12-16-2020    COVID-19 Guideline Update12/16/2020
LSM_11-20-2020    Revised COVID-19 Temporary Guidelines11/20/2020
LSM_11-16-2020    Updated COVID-19 Temporary Guidelines11/16/2020 
LSM_10-27-2020    Updated COVID-19 Temporary Guidelines10/27/2020
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 РFNMA/FHLMC6/03/2020
LSM_06-03-2020    Employment Re-Verification Update6/03/2020
LSM_05-26-2020    Loans in Forbearance РConventional5/26/2020
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.

News Delivered to Your Inbox

hbspt.forms.create({ portalId: "6767745", formId: "e0ec9053-9814-4e36-9a6e-ff66dcd70f19" });

Recent News & Announcements

COVID-19 Guideline Update

We have updated our employment re-verification process due to COVID-19. Clarified paystubs/WVOE must be within 30 days at closing. FNMA now requires 3 months business bank statements when utilizing an unaudited P&L.


FHA 2021 Maximum Loan Limits

The Federal Housing Financing Agency (FHFA) recently updated the conforming loan amount limits for all counties in the United States. The new loan limits are effective for case numbers assigned on or after January 1, 2021.


FHLMC Product Updates

FHLMC has lowered the maximum LTV on 2-4 unit properties from 95% to 85% for their Home Possible Program. FHLMC has also updated their solar guidelines.

Go to Top