by Gateway Correspondent | Dec 29, 2017 | Announcements
Texas Constitution was amended on November 7, 2017 affecting Texas Home Equity loans. The fee cap was lowered from 3% to 2% of the original loan amount. It excludes: a)bona fide discount points used to buy down the interest rate, b) appraisal performed by a third...
by Gateway Correspondent | Dec 8, 2017 | Announcements
Gateway Mortgage Correspondent Lending Home Mortgage Disclosure Act (HMDA) Requirements for 2018: For loan applications taken starting January 1, 2018 Gateway requires the new Demographic Information Addendum of the Uniform Residential Loan Application (1003) to be...