# Correspondent Update

Source: https://www.gatewaycorrespondent.com/announcements/correspondent-update-5

Please review the Client Guide for recent updates.  A summary of the changes is below:


-  Chapter 4, Calculating Interest (pg. 5):  per diem interest calculation updated.
- Chapter 4, IRS Form 4506-T (pg. 22):  requirements updated to align with agency requirements.
- Chapter 5, FNMA Conforming Product (pg. 3):  investment 1-unit maximum LTV/CLTV updated to sync with FNMA.
- Overlay Matrix, LTV/CLTV (pg. 2):  conventional investment 1-unit max LTV/CLTV overlay removed to match FNMA guidelines.
- Approved DPA Programs:  additions noted in red text.


Please contact your Regional Sales Manager if you have questions.