Latest News Author: Vanessa Naso

Home prices continued to cool in September as homebuyers struggled with inflation fatigue, according to the latest CoreLogic S&P Case-Shiller Index; mortgage application payments increased by 4.2%; new home sales dropped sharply in October after a strong showing in September; the NAR’s 2024 Migration Trends Report shows that people are heading south for more affordable […]

Mortgage applications increased 1.7% from one week earlier, and new home purchase mortgage applications increased 8.2% in October; data shows that sales of previously owned homes rose 3.4% in September; for the first time since 2010, homes with low natural disaster risk gained value faster than high-risk homes; and there was a 1.9% quarterly increase […]

This week, mortgage applications increased by 0.5%; a new report shows that U.S. homeowners withdrew $48 billion in equity in the third quarter of 2024; a survey explains why homeowners would rather leverage their equity than sell; the median listing price fell for the third week in a row; the number of new listings on […]

Overview The offices of Carrington Mortgage Services, LLC (CMS), including the Lock Desk, will be closed Thursday, November 28, 2024 and Friday, November 29, 2024 in observance of Thanksgiving, which is a federal holiday.  Due to the holiday, the Lock Desk will be closing early on Wednesday, November 27, 2024 at 11:00 AM PST (early […]

Overview Due to Hurricane Helene in Georgia, FEMA has declared the following counties a disaster. Updated counties are listed in bold and FEMA has established the Incident Period end date. Incident Period: September 24, 2024 to October 30, 2024 State FEMA Disaster Declaration Counties Georgia 09/30/2024 Appling, Atkinson, Bacon, Ben Hill, Berrien, Brantley, Brooks, Bryan, […]

Overview Due to a severe storm and flooding in New Mexico, FEMA has declared the following county a disaster. Incident Period: October 19, 2024 - October 20, 2024 State FEMA Disaster Declaration Counties New Mexico 11/01/2024 Chaves Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … […]

Overview In order to comply with Freddie Mac guidelines that require annual fraud training for their employees by Third-Party Originators, Carrington Mortgage Services, LLC (CMS) has made an addition to the Broker Agreement Loan Fraud Statement as follows: The Broker represents that he/she has implemented a Fraud Training program for any employee in a position […]

Overview Due to Hurricane Helene in Florida, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: September 23, 2024 and continuing State FEMA Disaster Declaration Counties Florida 09/28/2024 Alachua, Baker, Bradford, Charlotte, Citrus, Collier, Columbia, DeSoto, Dixie, Duval, Franklin, Gilchrist, Gulf, Hamilton, Hernando, Hillsborough, Jefferson, Lafayette, Lee, Leon, […]

Overview Due to Tropical Storm Helene in Virginia, FEMA has declared the following counties a disaster. Updated counties are listed in bold and the incident period end date has been established. Incident Period: September 25, 2024 – October 3, 2024 State FEMA Disaster Declaration Counties Virginia 10/01/2024 Bedford, Bland, Carroll, Galax, Giles, Grayson, Lee, Montgomery, […]

Overview Carrington Mortgage Services (CMS) offices, including the Lock Desk, will be closed Monday, November 11, 2024 in observance of Veteran’s Day, which is a Federal Holiday. Normal Lock Desk hours will resume on Tuesday, November 12, 2024. Rate Locks that expire on the holiday will automatically roll to the next business day.  In addition […]