FEMA Disaster Declaration for Texas
The Federal Emergency Management Agency (FEMA) has issued a major disaster declaration for the State of Texas. FEMA has approved individual assistance for multiple counties in the State of Texas.
USDA Products Available
Our USDA products are now available effective immediately.
President’s Day Lock Desk Closed
The Lock Desk will be closed Monday, February 15th, 2021 and there will be no rate sheet published. Our office will be open for normal operating hours on 2/15 and our Lock Desk will re-open on February 16th.
FHA Product Update – DACA Borrowers
Effective immediately, Borrowers with a DACA designation are now eligible for FHA financing on all products.
Martin Luther King Jr. Day Lock Desk Closed
The Lock Desk will be closed Monday, January 18th 2021 in honor of Martin Luther King Jr. Day and there will be no rate sheet published. We will resume normal hours on Tuesday, January 19th.
FEMA Disaster Declaration for Louisiana Hurricane Zeta
The Federal Emergency Management Agency (FEMA) has issued a major disaster declaration for the State of Louisiana due to Hurricane Zeta.
FNMA Product Update
There have been recent guideline changes pertaining to Assets and Pro-rated tax credit.
FEMA 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. FEMA has expanded the Hurricane Delta disaster declaration to include 2 additional counties: Allen and Iberia.
Lock Desk Holiday Hours
The Lock Desk will be closed Friday, December 25th, 2020 and Friday, January 1st, 2021, and no rate sheet will be published. On Thursday, December 24th, 2020 and Thursday, December 31st, 2020 LoanStream will be open, with the Lock Desk closing at 11am PST. We will resume normal business hours on Monday, December 28th, 2020 and Monday, January 4th, 2021.
COVID-19 Guideline Update
We have updated our employment re-verification process due to COVID-19. Clarified paystubs/WVOE must be within 30 days at closing. FNMA now requires 3 months business bank statements when utilizing an unaudited P&L.