Latest News Author: Vanessa Naso

Mortgage applications increased 2.2 percent from one week earlier; home prices increased year over year by 3.4% in December 2024 compared with December 2023; Inventory remains elevated and prices continue […]

Mortgage applications showed a slight increase this week; applications for newly built homes increase 9%; pending homes sales fell 4.5%, the largest decline since October 2022; the national delinquency rate […]

This week, mortgage applications decreased 3.7%; new listings increased 8% year over year during the four weeks ending December 29; credit availability increased slightly in December; the Freddie Mac rate […]

Overview Due to wildfires and straight-line winds in California, FEMA has declared the following county a disaster. Incident Period: January 7, 2025 and continuing State FEMA Disaster Declaration Counties California […]

Overview The offices of Carrington Mortgage Services, LLC (CMS) including the Lock Desk will be closed on Monday, January 20, 2025 for Martin Luther King Jr. Day, which is a […]

Overview Please be advised the Carrington Mortgage Services, LLC (CMS) Lock Desk will be closing at 2:00 PM Eastern Time (11:00 AM Pacific Time) on Thursday, January 9, 2025 due […]

Pending home sales increased for a fourth month in November to the highest level since early 2023; new home sales also jumped 5.9% in November; the Freddie Mac rate for […]

The Federal Reserve cut interest rates by a quarter point on Wednesday; contract closings increased 4.8% to an annualized rate of 4.15 million in November; November mortgage applications to purchase […]

Overview The purpose of this communication is to announce, effective December 31, 2024, Carrington Mortgage Services, LLC (CMS) will no longer offer the Closed-End Second Lien Loan Program for the […]

Overview The purpose of this communication is to announce, effective December 31, 2024, Carrington Mortgage Services, LLC (CMS) will no longer offer the Closed-End Second Lien Loan Program for the […]