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.
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.
Loan Lock Clarification
As one of the first to re-enter the Non-QM market, our company has been committed to assisting the broker community, their clients, and real estate partners in wholesale lending with innovative lending solutions since 2013.
Announcement Regarding COVID-19, Capacity, and Our Expanded Operations
Last week’s reduction in interest rates have fueled a flurry of lending activity. Mortgage applications for refinances jumped to an 11 year high with a whopping 55% increase in just a week’s period. On the purchase front, many experts such as Joel Kan, a renowned MBA economist, predicts that prospective buyers will continue