On DU Plus loans if the original loan did not have an escrow account, we will not require an escrow account on the new loan regardless of loan to value as long as there is no MI requirement on the new loan. This is a change from our previous overlay/guideline.

 

Happy Selling!
Justin Perry
Sr. Underwriter
Gateway Mortgage Group
1255
W. 15th Street| Ste. 540| Plano, TX 75075
972-908-3390 ext. 125| 918-392-8349 eFax

2/01/2010
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