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%...
by Alasha Krieg | Jul 2, 2021 | Announcements
On April 27, 2021, the CFPB announced they were delaying the mandatory compliance date for the General Qualified Mortgage (QM) Final Rule from 7/1/2021 to 10/1/2022. Pursuant to the changes outlined in the Preferred Stock Purchase Agreement, Fannie Mae and Freddie...
by Alasha Krieg | Jun 25, 2021 | Announcements
FHA Mortgagee Letter 2021-13 was published June 17, 2021, informing Mortgagees of the new student loan calculation requirements, effective with all case numbers assigned on or after August 16, 2021. Gateway First Bank, Correspondent Lending will begin accepting loans...
by Alasha Krieg | Apr 13, 2021 | Announcements
Gateway First Bank, Correspondent Lending has recently updated the requirements for Homebuyer Education for first time Homebuyers on our CAFA Gold 100 Government loan program. Effective with new loans locked on or after 3/22/21 all first time homebuyers on the note...
by Alasha Krieg | Mar 5, 2021 | Announcements
As previously announced in our January 11, 2021 announcement, Gateway First Bank Correspondent Lending will continue to accept loans on the Classic URLA, with application dates through March 1, 2021. We are currently updating the FNMA 3.2 File Upload option to...
