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font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} </style> <![endif]--><!--[if gte mso 9]><xml> <o:shapedefaults v:ext="edit" spidmax="1026"/> </xml><![endif]--><!--[if gte mso 9]><xml> <o:shapelayout v:ext="edit"> <o:idmap v:ext="edit" data="1"/> </o:shapelayout></xml><![endif]--> </head> <body lang=EN-US link=blue vlink=purple style='tab-interval:.5in'> <div class=WordSection1> <p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span style='mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family: Calibri;color:black'><o:p>&nbsp;</o:p></span></p> <p class=MsoNormal><o:p>&nbsp;</o:p></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:12.0pt;font-family:"Times New Roman","serif";mso-fareast-font-family: "Times New Roman"'>Effective 11/9/2010 if your VA IRRRL Loan in Michigan or in MIAMI DADE county FL is NOT locked we will no longer be closing these loans.&nbsp; Also Effective 11-9-2010 &nbsp;new VA IRRRL submissions in the Midwest will require drive by appraisals, VA IRRRLS in a  declining market will require a full appraisal to assure value is supported.&nbsp; Please let me know if you have any questions.&nbsp; <o:p></o:p></span></p> <p class=MsoListParagraph style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto;margin-left:39.2pt;text-indent:-.25in;mso-list:l0 level1 lfo1'><![if !supportLists]><span style='font-size:12.0pt;font-family:Symbol;mso-fareast-font-family:Symbol; mso-bidi-font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><![endif]><span style='font-size:12.0pt;font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman"'><a href="http://www.jerrylair.com/linked/vairrrl%20states.pdf">State Guide</a><o:p></o:p></span></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:12.0pt;font-family:"Times New Roman","serif";mso-fareast-font-family: "Times New Roman"'>Thank you<o:p></o:p></span></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:12.0pt;font-family:"Times New Roman","serif";mso-fareast-font-family: "Times New Roman"'>&nbsp;<o:p></o:p></span></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:12.0pt;font-family:"Times New Roman","serif";mso-fareast-font-family: "Times New Roman"'>Steve Peters<o:p></o:p></span></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:12.0pt;font-family:"Times New Roman","serif";mso-fareast-font-family: "Times New Roman"'>COO/ CCO<o:p></o:p></span></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:12.0pt;font-family:"Times New Roman","serif";mso-fareast-font-family: "Times New Roman"'>Gateway Mortgage Group LLC<br> (972)908-3390--Dallas<o:p></o:p></span></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:12.0pt;font-family:"Times New Roman","serif";mso-fareast-font-family: "Times New Roman"'>steve.peters@gmos.u<span style='color:#1F497D'>s</span><o:p></o:p></span></p> <p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:12.0pt;font-family:"Times New Roman","serif";mso-fareast-font-family: "Times New Roman";color:#1F497D'>11/9/2010 </span><span style='font-size:12.0pt; font-family:"Times New Roman","serif";mso-fareast-font-family:"Times New Roman"'>&nbsp;<o:p></o:p></span></p> <p class=MsoNormal><o:p>&nbsp;</o:p></p> </div> </body> </html>