by Alasha Krieg | Feb 4, 2022 | Announcements
Gateway First Bank, Correspondent Lending is aligning with the agencies in their COVID-19 guidelines for self-employed borrowers. Effective immediately, both Fannie Mae and Freddie Mac are retiring the COVID-19 guidelines for YTD P&L and 3 months bank statements...
by Alasha Krieg | Jan 12, 2022 | Announcements
On January 5th, the FHFA announced Targeted increases to Fannie Mae and Freddie Mac’s upfront fees for certain high balance and second home loans. Gateway First Bank, Correspondent Lending will be updating the LLPAs on our rate sheets on January 18th, 2022, to include...
by Alasha Krieg | Jan 12, 2022 | Announcements
Gateway First Bank, Correspondent Lending Division announces that the CAFA Gold 100, Diamond DPA Program, REI Flex 100, and GSFA Open Doors maximum loan amounts have been updated to the lesser of $647,200 or the 2022 Agency loan limit. For SETH Goldstar, refer to...
by Alasha Krieg | Dec 7, 2021 | Announcements
Effective immediately, Gateway First Bank is accepting new locks for loans with the conforming loan limit increases for standard and high balance loans, as announced by the FHFA on 11/30/21. In most areas, the conforming loan limit for 1-unit properties has increased...
by Alasha Krieg | Jul 19, 2021 | Announcements
Effective with new locks received today, July 19th, 2021, Gateway First Bank, Correspondent Lending will no longer be charging the .50% basis point adverse market refinance fee on refinance loans > $125,000. Loans not submitted for purchase will receive a .50%...
