Latest News Category: Bulletin

This bulletin highlights the increase of the guarantee fee (g-fee) increases mandated by the Federal Housing Finance Agency (FHFA). Effective immediately new 45 and 60 day locks will have the new increased fee built into the base pricing On September 16, the 30 day pricing will reflect the new fee increase On October 1, the […]

This bulletin highlights updates to the FHA Streamline Program and HomePath. The FHA Streamline program has been amended: AVM required on all loans with FICO scores less than 640 Effective on loans submitted on and after Monday September 17, 2012 AVM will be ordered by Junior Underwriter early in the process and included in loan […]

Attached is a bulletin regarding the updated Underwriting Matrix which is posted to the Intranet. Underwriting Matrix posted to the Intranet at: http://carringtonhome.corp.int/Corporate%20Document%20Library/Underwriting%20Conditions%20Matrix.pdf Updates to: Florida Illinois Indiana New York North Carolina Download: Bulletin - #W1274 (PDF)

Attached is a bulletin which outlines the policy regarding the use of a Power Attorney in the loan process.  The policy can be found on the Intranet Addresses the following types of Power of Attorney: Military Durable Power of Attorney General Power of Attorney Special Power of Attorney Requirements of a Power of Attorney vary […]

Attached is a bulletin announcing the addition of the following credit vendors: CIS, Consolidated Information Services Credit Plus Inc Equifax Mortgage Services Credentials for Associates (Operations) will be sent by the credit vendor by Monday, September 10, 2012. The addition of Kroll Factual Data is anticipated within the next two weeks. Download: Bulletin - #W1267 […]

This bulletin outlines our requirements for properties affected by Hurricane Isaac. Download: Bulletin - #W1268 (PDF)

FEMA Disaster Declaration for New Mexico, California, Washington, Maryland, Wisconsin, District of Columbia and Virginia Download: Bulletin - #W1270 (PDF)

Labor Day Hours Monday September 3, 2012 is Labor Day and is a Federal Holiday. CMS Mortgage Lending and the Lock Desk will be closed. On Friday August 31, 2012 CMS Mortgage Lending will be closing at 2:00 PM PST with the Lock Desk closing at 1:00 PM PST. Download: Bulletin - #W1269 (PDF)

Updates for Flagstar Conventional loans for the departure of current residence. This bulletin announces updates for Flagstar Conventional loans for the departure of current residence. Download: Bulletin - #W1268 (PDF)

Changes to Loan Terms and Underwriting Review Requirements The purpose of this bulletin is to remind Associates of the procedure when there are changes to loan terms after the file has been Cleared-to-Close (CTC). This is especially important if changes are made to the final loan terms. Download: Bulletin - #W1266 (PDF)