Soft 2^nd/seller 2^nd is allowed….CLTV max is 95.00% in order to do the first lien LTV to 80% 660 fico or higher required, and in declining market as determined by GMG we will adjust the CLTV downward by 5.0% to 90.0%,

You can reference this on efanniemae.com in the Seller/Servicer guide or via allregs.com for further info.

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