Correspondent Update

Fannie Mae Conforming Fixed Product description:  Updated to allow Freddie Mac LP AUS. VA:  Manual underwriting overlays added.  Locks beginning 12/11/2015 will be subject to the new requirements. HUD Section 184:  Cash-out overlay removed Conversion of Primary...

TRID Announcement

Regulatory Changes with TRID: Home Loan Tool Kit- The Home Loan Toolkit replaces the Settlement Cost Booklet when TRID goes into effect.  This should be delivered to the Consumer with the Loan Estimate. Loan Estimate- The Initial Loan Estimate must be delivered no...

Correspondent Update

Please review a recent update to Gateway’s Fannie Mae LIBOR ARM product description in Chapter 5 of the Client Guide.  Effective today, the Fannie Mae 5/1 LIBOR ARM will have a new product code and ARM plan to reflect a change in interest rate caps from 5/2/5 to...