Announcement: FHA/USDA/VA Appraisal Guidance
Per recently announced guideline updates from HUD and VA, the following appraisal relief applies to all FHA/VA & USDA loans, unless otherwise notated, that close on or before May 17,2020.
Announcement: FNMA-FHLMC Product Guideline Updates
Per recently announced agency guideline updates, LoanStream Mortgage (LSM) announces the following guidelines.
Announcement: FNMA/FHLMC Updates
Per recently announced agency guideline updates, LoanStream Mortgage (LSM) announces the following:
Market Update, Tuesday, April 7, 2020
Treasury prices were lower yesterday as equities seem to be the investment of choice. For the day, benchmark 10-year notes were down 26/32 pushing yields up to .69%, while 30-year bonds fell 1-17/32 with yields at 1.27%.
Market Update, Monday, April 6, 2020
In Friday’s economic news, the markets woke up to a very discouraging jobs report which showed payrolls coming in at negative 701K versus a survey of negative 101K.
Announcement: Appraisal and 4506t Transcript Updates
Appraisal Requirement changes are for FNMA & FHLMC products only. LoanStream is adopting the most recent changes regarding appraisal requirements recently announced by FNMA and FHLMC.
Announcing Employment RE-Verification
LoanStream announces the following changes for Employment re-verification:
Announcement: Re-verification of Employment
Due to current market conditions, changes to our Employment re-verification process are necessary to manage risk. The changes below are effective immediately and apply to all Agency and Government Loans that have not closed.