Monthly Archives: August 2018

GNMA Seasoning Requirements for VA Refinances

August 21, 2018 — PLEASE NOTE:  As previously announced, Gateway Mortgage Group, LLC has aligned with the policy guidance update: VA Refinance Loans under the Economic Growth, Regulatory Relief and Consumer Protection Act, S.2155 including the clerical amendment relating to section “3709. Refinancing of housing loans.” As a clarification, the Government National Mortgage Association (GNMA) requires the following seasoning …
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DACA Announcement

August 3, 2018 — The following announcement will apply to any new applications taken on or after August 3, 2018:   Due to recent Executive Orders and court actions regarding the Deferred Action for Childhood Arrival program (“DACA”), Gateway has reviewed the complex issue of whether we will purchase loans to participants in the DACA program.  Based upon its …
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