2021 Conforming County Loan Limits
The Federal Housing Financing Agency (FHFA) recently updated the conforming loan amount limits for all counties in the United States.
50 BPS Pricing Improvement on Government Loans
LoanStream has improved our pricing on Government Purchase and Refinance loans.
Planned Maintenance on Saturday, Dec. 5th: 8am – 2pm PST
LoanStream has scheduled planned Maintenance to the TPO Portal Saturday, December 5th from 8am – 2pm PST. Access to the portal will be available however limited access to our document upload page and access to documents will not be available.
Update COVID-19 Guidelines
We have updated our COVID guidelines as well to state Conventional loans will now require when an unaudited P&L is provided, 3 months business bank statements must be provided. We also must verify the business is open and operating within 20 business days of the note date.
FEMA Oregon Wildfire Update
The Federal Emergency Management Agency (FEMA) has issued a major disaster declaration for the State of Oregon. On November 16, 2020, Amendment No.3 was issued, FEMA announced an Incident Period End of Date of November 3, 2020.
Lock Desk Closed for Thanksgiving
The Lock Desk will be closed Thursday, November 26th, 2020, and there will be no rate sheet published. On Friday, November 27th, LoanStream will be open, with the Lock Desk closing at noon. We will resume normal business hours on Monday, November 30th.
California Wildfires Zip Codes Impacted
Fannie Mae and NanQ Products only, the following zip codes will require a Re-Inspection if the appraisal was created on or prior to September 4,2020.
Revised COVID-19 Guidelines
LoanStream has made temporary guideline updates due to current market conditions. FHLMC have changed their guidelines to require 3 months business bank statements instead of 2 months plus now require evidence that the business is open and operating within 20 business days of the note date.
Now Lending in Idaho!
LoanStream will now be licensed to conduct business in the state of Idaho!
Louisiana Hurricane Delta Update
The Federal Emergency Management Agency (FEMA) has issued a major disaster declaration for the State of Louisiana due to Hurricane Delta. On November 6, 2020, with Amendment No. 1, FEMA granted five additional Louisiana Parishes affected by Hurricane Delta.