FEMA Disaster Declaration – New Jersey – Update #4
On September 5, 2021, the Federal Emergency Management Agency (FEMA) has issued a major disaster declaration for the State of New Jersey by Hurricane Ida from September 1, 2021 to September 3, 2021.
FEMA Disaster Declaration – NJ and PA Update #1
Disaster Declaration for the State of New Jersey and Pennsylvania
LoanStream Wholesale participates in MPAs Non-QM Power Panel
LoanStream recently participated in MPAs Non-QM Power Panel.
FEMA Disaster Declaration – Tennessee
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.
COVID-19 Recent Guideline Update
Due to current market conditions, temporary changes to our employment re-verification process are necessary to manage risk.
FEMA Disaster Louisiana Update
The Federal Emergency Management Agency (FEMA) has issued a major disaster declaration for the state of Louisiana due to severe storms, tornadoes, and flooding from May 17, 2021.
Memorial Day Lock Desk Hours
Friday, May 28th the Lock Desk will close at 12pm PDT for Memorial Day weekend. (Office open normal operating hours). Monday, May 31st the Lock Desk will be closed with no rate sheet published. We will resume normal hours on Tuesday, June 1st.
FEMA Disaster Declaration for Kentucky
The Federal Emergency Management Agency (FEMA) has issued a major disaster declaration for the state of Kentucky.
FNMA DU Enhancements
FNMA implemented several enhancements to DU over the weekend of April 17, 2021. The change in this release includes message change when employer name in DU is not matched to the employer in the Income and Employment Verification Report (VOI/E), Asset validation changes, and DU validation service message change.
COVID-19 Recent Guideline Update
We require the borrowers most recent paystub or a Written VOE dated within 60 calendar days of the NOTE date.