Stocks opened lower after an unexpected increase in jobless claims for the first time since March. New unemployment claims reached 1.4 million for the week ending July 18 as several states impose new restrictions on businesses to curb rising coronavirus cases.
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 edged higher as tensions escalate between the U.S. and China and investors weigh the probability of Congress agreeing on a new stimulus bill before their summer break. China’s Foreign Ministry said the U.S. instructed China to close its consulate in Houston, prompting Beijing to condemn the move as outrageous and unprecedented.
An affiliate of Angelo Gordon and Co. is set to issue a $226.9 million mortgage-backed security with product that has seasoned for an average of five months. About half of the loans are non-qualified mortgages.