Overview Due to severe storms, straight-line winds, tornadoes and flooding in Oklahoma, FEMA has declared the following counties a disaster. Incident Period: May 19, 2024 - May 28, 2024 State […]
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Latest News Author: Travis Peterman
New SOFR ARM Index and Non-QM ARM Program Changes
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Overview The London Interbank Offered Rate (LIBOR) is being discontinued as an approved index for adjustable interest rate mortgages (ARMs), and will be replaced with the Secured Overnight Financing Rate […]
Updated FEMA Disaster Declaration for California
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Overview Due to severe winter storms, straight-line winds, flooding, landslides and mudslides in California, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: […]
FEMA Disaster Declaration for Mississippi
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Overview Due to a severe storm, straight-line winds, and tornadoes in Mississippi, FEMA has declared the following counties a disaster. Incident Period: March 24, 2023 - March 25, 2023 State […]
FEMA Disaster Declaration for South Carolina – Hurricane Ian
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Overview Due to Hurricane Ian in South Carolina, FEMA has declared the following counties a disaster. Incident Period: September 25, 2022 - October 4, 2022 State FEMA Disaster Declaration Counties […]
Thanksgiving Holiday Lock Desk Hours and Key Compliance Dates
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Overview Carrington Mortgage Services (CMS) offices, including the Lock Desk, will be closed Thursday, November 24, 2022 and Friday, November 25, 2022 in observance of Thanksgiving, which is a federal […]
CMS Wholesale Underwriting Fee Update
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Overview Effective for all loan submissions received on and after January 1, 2023, Carrington Mortgage Services, LLC (CMS) will implement the following Wholesale fee schedule. The new CMS Underwriting Fees […]
New Iowa Closing Fee
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Overview Effective November 3, 2022, Carrington Mortgage Services, LLC (CMS) will begin charging a new Closing Fee on Iowa Wholesale loan file submissions. Formerly, CMS did not charge Lender fees […]
Veteran’s Day Holiday Lock Desk Hours
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Overview Carrington Mortgage Services (CMS) offices, including the Lock Desk, will be closed Friday, November 11, 2022 in observance of Veteran’s Day, which is a Federal Holiday. Normal Lock Desk […]
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