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_6-22-2021||COVID-19 Guideline Update||6/22/2021|
|LSM_6-16-2021||COVID-19 Guideline Update||6/16/2021|
|LSM_4-19-2021||COVID-19 Guideline Update||4/19/2021|
|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.
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Recent News & Announcements
LoanStream recently participated in MPAs Non-QM Power Panel.
On August 23, the Federal Emergency Management Agency (FEMA) has issued a major disaster declaration for the State of
Tennessee to Severe Storms and Flooding on August 21, 2021.
Impacted Counties FEMA Link FEMA Notice Date
Humphreys https://www.fema.gov/disaster/4609 8/24/2021
If the subject property is in one of the designated counties above and appraisal was completed on or before FEMA Declaration
Date, please refer to LSM Disaster Policy for full requirements.
LSM will continue to monitor the impacted areas and we may add or remove counties on the list above as necessary.
Please contact your Sales Representative if you have any questions.