FEMA Notice Date: August 21st, 2023
On August 20, 2023, the Governor of California declared a state of emergency in several counties in California as a result of Tropical Storm Hilary that made landfall on 8/20/2023. In anticipation of a FEMA notice to follow, LoanStream is implementing its Disaster policy immediately.
If the subject property is in one of the designated counties above, 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.
The Disaster Policy and list of current Disaster Declarations is maintained here:
OCM_Common(\\ocm-share) (S) > Disaster Policy>
Please contact your Account Executive if you have any questions.
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.