Monthly Archives: September 2019

NEW Hazard Insurance Mortgagee Clause

September 16, 2019 — Effective Wednesday, September 18th, 2019 Gateway Mortgage Group Mortgagee Clause will change and must read as follows: Gateway Mortgage Group, a division of Gateway First Bank ISAOA/ATIMA P.O. Box 5013 Troy, MI 48007-5013 All files delivered for purchase on or after October 1st, 2019 must have the Mortgagee Clause updated to the above address.  In …
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Revision to August 14th 2019 Announcement: VA Cash-Out Refinances Exceeding 90% LTV

September 4, 2019 — As previously announced in Gateway’s announcement dated  August 14th, 2019, Gateway has updated the VA Refinance guidelines with respect to GNMA’s publication of APM 19-05, Revised Pooling Eligibility Requirements for VA Refinance loans.  The last day Gateway will purchase High LTV VA Cash-Out Refinances above 90%, is October 4, 2019.  In addition, the first payment …
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