Þ  Effective Dec. 1st 2009, any new Lock or Relock will be subject to a Cap of 103.50 after adjustments. 

 

Þ  If a lock expires after 12-1-09 the relock will be subject to the new policy. 

 

Þ  This applies to all loans FHA, VA, Conventional, and USDA

 

 

Steve Peters

CCO/ COO

Gateway Mortgage Group LLC

(918) 526-5239--Tulsa

(972)908-3390--Dallas

steve.peters@gmos.us

11/13/2009