As everyone knows, Gateway tries to be very accommodating to our borrowers and for our clients.

However in a recent risk analysis it was determined that borrowers who file an "amended" tax return for the

purposes of obtaining a loan have a much higher propensity of going delinquent. Effective immediately with

new submissions we will no longer accept amended tax returns (Even though an acceptable practice from

FNMA and GNMA) unless it can be substantiated that they were amended 6 months (180 days) prior to loan application date.

Steve Peters

COO/ CCO

Gateway Mortgage Group LLC

7/15/2010