by Gateway Correspondent | Jul 1, 2019 | Announcements
Effective with Locks taken on or after July 15, 2019, Clients will be required to use the AUS system that corresponds with the selected Agency Loan Program (AUS Pure). The reason for this requirement is there may be a difference in pricing between FNMA (CF30) vs....
by Gateway Correspondent | May 17, 2019 | Announcements
Please take a moment to review the updated Overlay Matrix, available on our website as of May 17th, 2019. Below is a list of the most significant changes to the Overlay Matrix: No score/non-traditional credit allowed on all loan programs, subject to Agency Guidelines....
by Gateway Correspondent | May 3, 2019 | Announcements
On December 5, 2018, Gateway Mortgage Group, LLC (“Gateway”) entered into a definitive merger agreement pursuant to which Farmers Exchange Bank will merge with and into Gateway, with the resulting entity to be known as “Gateway First Bank”. The transaction is...
by Gateway Correspondent | Apr 26, 2019 | Announcements
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...
by Gateway Correspondent | Apr 22, 2019 | Announcements
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,...
