by Gateway Correspondent | Aug 26, 2020 | Announcements
Effective Monday, August 31st, 2020, Gateway First Bank, Correspondent Lending is making the following Client Guide Updates: Gateway has reduced its minimum FICO requirement on all newly locked Government loan programs to 620. This includes: FHA, VA, HUD-184, SETH...
by Gateway Correspondent | Aug 18, 2020 | Announcements
Effective for agency refinance loans locked, relocked or renegotiated on or after Thursday August 13th, 2020, Gateway First Bank, Correspondent Lending has aligned with the Fannie Mae LL-2020-12 and Freddie Mac Bulletin 2020-32 announcements. This new Adverse Market...
by Gateway Correspondent | May 26, 2020 | Announcements
Government FICO Update Gateway First Bank Correspondent Lending is amending the March 25, 2020 announcement requiring a 680 minimum FICO score on all Government loan programs. Effective immediately, Gateway has reduced its minimum FICO requirement on all newly locked...
by Gateway Correspondent | May 13, 2020 | Announcements
Gateway First Bank, Correspondent Lending is amending its May 5th, 2020 announcement titled Update to Agency LLPAs: Temporary Selling Requirements Related to COVID-19 Loans in Early Forbearance Effective immediately, agency purchase or no cash-out refinance...
by Gateway Correspondent | May 5, 2020 | Announcements
Effective Wednesday, May 6th, 2020, Gateway First Bank, Correspondent Lending is updating the Agency LLPAs for loans in Early Forbearance and all Cash-out Refinance transactions as follows: Loans in Early Forbearance Effective for agency loans purchased on or after...