Skip to Main Content
Carrington Mortgage Services, LLC
Skip to Main Content

Latest News Author: Vanessa Naso

Weekly Housing Headlines

This week saw a decrease in mortgage applications; homebuyer sentiment is on the rise; homeownership became less affordable in Q2; the number of homes actively for sale was notably higher compared with last year; and housing inflation remains stubbornly high.   Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage Bankers Association - 7/10/2024 Mortgage applications […]

Read More
FEMA Disaster Declaration for Iowa

Overview Due to severe storms, flooding, straight-line winds and tornadoes in Iowa, FEMA has declared the following county a disaster. Incident Period: June 16, 2024 and continuing State FEMA Disaster Declaration Counties Iowa 06/24/2024 Clay, Emmet, Lyon, Plymouth and Sioux Re-Inspection by Product Type If your loan is … A re-inspection is required … Under […]

Read More
The Fed Rate Cut Debate

This past week interest rates moved lower, approaching levels last seen in March. Let's discuss why and look into the week ahead. One or Two? At the recent Fed meeting, the big surprise was Fed Chair Powell suggesting there would no longer be a rate cut in 2024, two less than previous forecasts just three […]

Read More
Independence Day Holiday – Lock Desk Hours and Key Compliance Dates

Overview The offices of Carrington Mortgage Services, LLC (CMS), including the Lock Desk, will be closed Thursday, July 4, 2024 for Independence Day, which is a Federal Holiday. In addition, all CMS offices, including the Lock Desk, will also be closed on Friday, July 5, 2024 for a company holiday. Normal lock desk hours will […]

Read More
Juneteenth National Independence Day Holiday - Lock Desk Hours and Key Compliance Dates

Overview The offices of Carrington Mortgage Services, LLC (CMS) including the Lock Desk, will be closed on Wednesday, June 19, 2024 for Juneteenth National Independence Day, which is a Federal Holiday. Normal lock hours will resume on Thursday, June 20, 2024. Rate locks that expire on the holiday will automatically roll to the next business […]

Read More
Fed Says Inflation and Rates are Higher for Longer

This past week the Federal Reserve decided not to cut rates and shared their updated forecast on the economy. Let's discuss what was said and what's ahead for the upcoming week. Higher for Longer Continues The Federal Reserve met last Wednesday and once again decided to make no change to interest rates. The markets widely […]

Read More
Winds Shift for Interest Rates

Interest rates dropped to the lowest levels in the last two months. Let's discuss why and what's next. Economic Deceleration In the past couple of weeks, there have been many economic readings revealing that the economy is slowing. Our gross domestic product (GDP) for the first quarter was revised lower to 1.3%. Coming on the […]

Read More
Short Week, Tall Problems for Rates

This past week interest rates moved sharply higher in response to a host of unfriendly bond news. Let's discuss what happened and what to watch for in the weeks ahead. We Need More Revenue This past week was shortened due to the Memorial Day holiday, but it was filled with tall problems which caused rates […]

Read More
FEMA Disaster Declaration for Iowa

Overview Due to severe storms in Iowa, FEMA has declared the following counties a disaster. Incident Period: May 20, 2024 to May 21, 2024 State FEMA Disaster Declaration Counties Iowa 05/24/2024 Adair, Montgomery, Polk and Story Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … FHA […]

Read More
FEMA Disaster Declaration for Kentucky

Overview Due to severe storms, straight-line winds, tornadoes, landslides and mudslides in Kentucky, FEMA has declared the following counties a disaster. Incident Period: April 2, 2024 State FEMA Disaster Declaration Counties Kentucky 05/22/2024 Boyd, Carter, Fayette, Greenup, Henry, Jefferson, Jessamine, Mason, Oldham, Union and Whitley Re-Inspection by Product Type If your loan is … A […]

Read More
1 2 3
CAREERSINVESTORSABOUT USCORRESPONDENT

Equal Housing Opportunity An Equal Housing Opportunity Lender. Copyright 2007 - 2024 . Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines.  Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: www.nmlsconsumeraccess.com.

The content of this website is intended for licensed third-party originators or brokers only and may not be duplicated or disseminated to the public. Carrington Mortgage Services, LLC is one of the leading wholesale mortgage lenders.

Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram