by Alasha Krieg | Mar 3, 2023 | Announcements
FHA MIP Rate Reduction As announced in HUD issued Mortgagee Letter (ML) 2023-05, FHA is reducing the annual Mortgage Insurance Premium (MIP) rates for loans endorsed on or after March 20, 2023. Gateway Correspondent Lending is aligning with HUD and will purchase...
by Alasha Krieg | Feb 23, 2023 | Announcements
We are pleased to announce the VHAP loan amount limit increase from $647,200 to $726,200 with NEW loan registrations on the TVLB Program, effective February 17, 2023. Current locks do not qualify for a loan amount increase to the new limit, and any relock requests...
by Alasha Krieg | Feb 21, 2023 | Announcements
On February 15, 2023, Gateway Correspondent Lending announced how we would be implementing the new Fannie Mae and Freddie Mac LLPA Updates that become effective with deliveries to the agencies on and after May 1, 2023. Effective today, February 21, 2023, Gateway is...
by Alasha Krieg | Feb 15, 2023 | Announcements
On January 19, 2023, Fannie Mae and Freddie Mac both posted announcements updating the current Loan Level Price Adjustment (LLPA) grids for loans sold to them on or after May 1, 2023. Gateway Correspondent Lending will be rolling out these new LLPAs effective February...
by Alasha Krieg | Jan 12, 2023 | Announcements
As previously announced on Monday, January 10, 2023, the fee structure for both SETH Goldstar and CAFA Gold 100 loan programs has been updated to allow for more DPA available options. Listed below is additional clarification to each of these Homebuyer Assistance...
