by Gateway Correspondent | Sep 16, 2019 | Announcements
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...
by Gateway Correspondent | Sep 4, 2019 | Announcements
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...
by Gateway Correspondent | Aug 14, 2019 | Announcements
FHA Cash-out Max LTV and VA Refinance Max LTV FHA Max LTV for Cash-out Refinances As of August 1st, 2019, HUD issued FHA Mortgagee Letter 2019-11, which reduces the current Maximum Loan-To-Value (LTV) and Combined Maximum Loan-To-Value percentages to 80% on Cash-out...
by Gateway Correspondent | Aug 2, 2019 | Announcements
Effective immediately, Gateway Mortgage Group, Correspondent Lending, a division of Gateway First Bank has aligned with GNMA announcement APM 19-05 Revised Pooling Eligibility Requirements for VA Refinance Loans, which includes: The note date of the refinance loan...
by Gateway Correspondent | Jul 26, 2019 | Announcements
Downpayment Assistance and Operating in a Governmental Capacity As of July 23, 2019 HUD issued FHA Mortgagee Letter 2019-10, which confirms the suspension of the implementation date for Downpayment Assistance requirements for Governmental Entities. Based on this...
