On March 6, 2022, Freddie Mac introduced a desktop appraisal option in lieu of an interior and exterior inspection appraisals for certain purchase transactions that meet certain eligibility requirements. At this time LoanStream has not released this option. Please share with your teams that the desktop appraisal is not accepted and that we still require a full appraisal product. LoanStream will still allow the PIW when applicable.
Please contact your Account Executive for more information.
Non-QM lenders have been dropping interest rates rapidly this month as they seek an edge in meeting the demands of aggregators and bond investors, according to four lenders.