by Gateway Correspondent | Dec 23, 2019 | Announcements
Gateway Mortgage has made an update to our Flood Insurance Policy. The required coverage offered is the lesser of the following: The combined total outstanding principal balance of all loans, or The maximum amount of coverage available under the NFIP (currently...
by Gateway Correspondent | Nov 25, 2019 | Announcements
Gateway has recently made a few updates to our Client Guide. A quick summary of those changes are listed below with direct links to each section where the changes are located. As a reminder, updates to our guidelines are highlighted in red to easily and quickly see...
by Gateway Correspondent | Oct 8, 2019 | Announcements
On October 4, 2019 FEMA issued a Disaster Declaration for Texas Tropical Storm Imelda (DR-4466). Major Disaster Declaration FEMA-4466-DR has authorized individual assistance in the following counties: Chambers, Harris, Jefferson, Liberty, Montgomery & Orange...
by Gateway Correspondent | Oct 4, 2019 | Announcements
Per the Fiscal Year 2020 Commitment Notice released September 12, 2019 funding will be temporarily unavailable for the USDA Rural Housing Loan program beginning October 1, 2019. USDA Rural Development will issue Conditional Commitments “subject to the availability of...
by Gateway Correspondent | Oct 1, 2019 | Announcements
Effective Monday October 14th, 2019, the 10 Year DPA option for the SETH Goldstar Program will be temporarily discontinued until further notice. This is only for the 10 Year Government DPA Loan Option in the SETH Goldstar Program, including FHA, VA and USDA. The...
by Gateway Correspondent | Sep 25, 2019 | Announcements
As previously announced in our September 23, 2019 announcement on Flood Insurance Documentation, Gateway Mortgage Group has updated our requirements for all loans requiring flood insurance, pursuant to FDIC regulations. Effective with all new submissions on or after...
by Gateway Correspondent | Sep 24, 2019 | Announcements
Tropical Storm Imelda has brought devastating rains and flooding to Southeast Texas. Although FEMA has not declared specific counties for individual assistance as of yet, the Texas Governor has declared a State of Emergency for Tropical Storm Imelda due to ongoing...
by Gateway Correspondent | Sep 23, 2019 | Announcements
Effective October 1st, 2019, Gateway Mortgage Group, a Division of Gateway First Bank will require proof that the Flood Insurance Premium has been receipted by the Flood Insurance Company. A copy of the cancelled check or paid receipt is sufficient to clear this...
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...
