Latest News Author: Travis Peterman

Overview Effective immediately, the temporary maximum DTI limit of 55% for all credit qualifying products is rescinded.  The maximum permitted DTI stated in the product matrices applies.  This includes FHA, […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the market conditions that led to temporary suspensions of some lock terms and exception requirements have been resolved and effective […]

Overview Effective May 27, 2020 Carrington Mortgage Services, LLC (CMS) will offer a 60-day lock to brokers prior to loan submission when the loan has been registered in BrokerIQ. Loan […]

Overview Effective May 27, 2020, the Wholesale lock policy will allow a 60-day lock as soon as the broker or seller have registered the loan in BrokerIQ or CorrIQ. Refer […]

Overview Carrington Mortgage Services, LLC (CMS) is actively monitoring the spread of COVID-19 (coronavirus) throughout the United States and we understand there may be concerns about its potential impact to […]

Overview Carrington Mortgage Services, LLC (CMS) is actively monitoring the spread of COVID-19 (coronavirus) throughout the United States and its potential impact to our borrowers and loan originations. Our ability […]

Overview Carrington Mortgage Services, LLC (CMS) is actively monitoring the spread of COVID-19 (coronavirus) throughout the United States and its potential impact to our borrowers and loan originations. Our ability […]

Overview In an effort to continue responsible lending during the COVID-19 pandemic, effective Monday May 11, 2020, Carrington Mortgage Services, LLC (CMS) will implement a new Loan Applicant Attestation form […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the following recent Government product underwriting updates (highlighted in red). These updates are clarifications of existing guidance or were announced […]

Overview Due to recent Fannie Mae/Freddie Mac guidance related to cash-out refinances where borrowers request forbearance assistance, effective immediately and until further notice, Carrington Mortgage Services, LLC (CMS) will no […]