Monthly Archives: April 2019

Update: Effective Date Extended for Recent Downpayment Assistance and Operating in a Governmental Capacity Mortgagee Letter

April 26, 2019 — As of April 25, 2019 the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2019-07, which announced an extension of the effective date of ML 2019-06,Downpayment Assistance and Operating in a Governmental Capacity. This ML was originally published and communicated via FHA INFO 2019-11 on April 18, 2019. The guidance provided in ML 2019-06 will be effective …
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FHA Documentation Requirements for Governmental Entities Providing Downpayment Assistance to FHA Borrowers: SETH Goldstar & CAFA Gold 100 FHA Loan Programs

April 22, 2019 — As of April 18th, 2019, Gateway Mortgage Group Correspondent Lending aligned with the Federal Housing Administration (FHA) issuing HUD Mortgagee Letter (ML) 2019-06, Downpayment Assistance and Operating in a Governmental Capacity. Effective immediately, reservations/locks for FHA SETH Goldstar & FHA CAFA Gold 100 Loans are temporarily suspended with Case Numbers dated on or after April …
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Funding Fee Update for TVLB Loans

April 9, 2019 — Effective with locks on or after May 1, 2019, the funding fee for TVLB loans will be changing. Please refer to the GEMS Portal under the RESOURCE menu for the updated Gateway Fee Schedule. All other fees or charges will remain the same. Please direct any questions to your Regional Sales Manager
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