Government FICOs Reduced
FHA / USDA down to 600 Credit Score
VA down to 620 Credit Score
Announcement Regarding Lock Desk Hours
Please note the change on our Lock Desk hours of operation.
Announcement: Lock Desk
Thursday, 4/9, Our Lock Desk will close at 10:00 AM PDT, and closed Friday, 4/10, for the Good Friday holiday. Normal hours resume on Monday, 4/13. There will be no rate sheet published on Friday.
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.
Matrix Update: Chenoa Removes Conventional
Chenoa has temporarily suspended their Conventional program, however, Chenoa is still offering their FHA Edge and Rate Advantage DPA Programs.
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:
Announcement Regarding Jumbo Program
Due to current market conditions, we are making the following temporary changes to our government products:
Announcement Regarding Government Guidelines
Due to current market conditions, we are making the following temporary changes to our government products:
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.