by Gateway Correspondent | Aug 31, 2020 | Announcements
Effective today, Monday August 31st, 2020, Gateway First Bank, Correspondent Lending has made updates reducing the LLPAs on Agency Cash-Out Refinance transactions. Please refer to the Gateway Correspondent Ratesheet for details. Please direct any questions to your...
by Gateway Correspondent | Aug 27, 2020 | Announcements
On 8/25/2020 The FHFA announced a delay in the implementation of the Adverse Market Refinance Fee until December 1, 2020. As a result of this announcement, Gateway First Bank, Correspondent Lending, is eliminating the 50 basis point (.50) loan level price adjustment,...
by Gateway Correspondent | Aug 26, 2020 | Announcements
Effective Monday, August 31st, 2020, Gateway First Bank, Correspondent Lending is making the following Client Guide Updates: Gateway has reduced its minimum FICO requirement on all newly locked Government loan programs to 620. This includes: FHA, VA, HUD-184, SETH...
by Gateway Correspondent | Aug 18, 2020 | Announcements
Effective for agency refinance loans locked, relocked or renegotiated on or after Thursday August 13th, 2020, Gateway First Bank, Correspondent Lending has aligned with the Fannie Mae LL-2020-12 and Freddie Mac Bulletin 2020-32 announcements. This new Adverse Market...
by Gateway Correspondent | May 26, 2020 | Announcements
Government FICO Update Gateway First Bank Correspondent Lending is amending the March 25, 2020 announcement requiring a 680 minimum FICO score on all Government loan programs. Effective immediately, Gateway has reduced its minimum FICO requirement on all newly locked...