by Gateway Correspondent | Oct 5, 2012 | Announcements
USDA Rural Development Update USDA recently announced their policy regarding 2013 fiscal year funding for Single Family Housing guaranteed loans. USDA Rural Development will issue Conditional Commitments “subject to the availability of commitment authority” until...
by Gateway Correspondent | Sep 13, 2012 | Announcements
Fannie Mae’s Guarantee Fee Increase and its Impact on Your Pipeline On Friday, August 31, 2012, the Federal Housing Finance Agency (FHFA) directed Fannie Mae to increase its guarantee fee (G-Fee). The higher fee will be in effect with security settlements starting...
by Gateway Correspondent | Aug 30, 2012 | Announcements
Gateway Mortgage Group’s Correspondent division will cease the purchase of loans secured by properties in the state of Nevada. The client guide and product descriptions have been updated on the Gateway Correspondent website: www.gatewaycorrespondent.com.
by Gateway Correspondent | Aug 27, 2012 | Announcements
The USDA has announced that the Fiscal Year 2012 funding is exhausted for refinance transactions. They have further announced that RD Conditional Commitments will not be issued “subject to” funding or commitment authority. As a result, effective with new registrations...
by Gateway Correspondent | Aug 13, 2012 | Announcements
Gateway Requirements Regarding Anti-Money Laundering Program (AML) and Suspicious Activity Report (SAR) Filing for Non-Bank Residential Mortgage Lenders and Originators Background Information: On February 7, 2012, the US Department of the Treasury’s Financial...
