Latest News Category: News

Last Week in Review: Retail Sales and Housing Starts blossom in March. Retail Sales rose 0.6 percent in March, above the 0.4 percent expected and up from the decline of 0.1 percent in February, the Commerce Department reported. Leading the boost was spending on automobiles and health and personal care items. Consumer spending makes up […]

Last Week in Review: Inflation remained tame in March, though the Fed still expects it to rise this year. The Consumer Price Index (CPI) fell 0.1 percent in March, below the expected gain of 0.1 percent, the Bureau of Labor Statistics reported. Lower gas prices at the pump were to blame for the first decline […]

CNBC highlights Carrington's new Non-Prime programs with Rick Sharga See what Rick Sharga, Executive Vice President of Carrington Mortgage Holdings has to say about Carrington's new Non-Prime loan programs, in this CNBC video clip.  

Last Week in Review: March job growth came in lower than expected, while home prices continue to rise. Just 103,000 jobs were created in March, much lower than the 175,000 expected, the Bureau of Labor Statistics reported. February's report was revised higher to 326,000 new jobs from 313,000, while January was revised lower to 176,000 […]

Last Week in Review: GDP edged lower in fourth quarter 2017, while inflation remained tame in February. Fourth quarter 2017 Gross Domestic Product (GDP) edged lower to 2.9 percent, down from 3.2 percent in the third quarter, the Bureau of Economic Analysis reported. However, the report showed that consumer spending rose 4.0 percent, up from […]

Effective for Non-Prime Primary Residence and Second Home loans with applications taken on and after Monday, April 2, 2018, Carrington Mortgage Services, LLC (CMS) will introduce the following guideline enhancements: New Credit Grades – Non-Prime Program revised to Credit Grades A, B, and C (formerly grades A-, B+, B and RHE). See CMS Non-Prime Matrix […]

Carrington Mortgage Services, LLC (CMS) is pleased to announce the addition of a new appraisal vendor, CoesterVMS Nationwide Appraisal Management and Valuation Services, effective March 30, 2018. Coester VMS is a nationwide appraisal management company and provides lenders with the most accurate valuations. As of the effective date, Coester VMS will be live in Smart […]

Last Week in Review: Sales of new and existing homes showed different results in February while the Fed raised the Fed Funds Rate. February Existing Home Sales rose 3 percent from January to an annual rate of 5.54 million, above the 5.42 million expected, the National Association of REALTORS® (NAR) reported. Gains were seen in […]

Want to know what’s in store for the real estate and mortgage industries in 2018? Will low inventory, rising rates, and falling affordability derail the housing recovery? Get the answers to these and other questions in an informative webinar hosted by Rick Sharga, Executive Vice President, Carrington Mortgage Holdings, on the State of the U.S. […]

Carrington Mortgage Services, Wholesale Lending division is implementing an $85 Tax Service fee. For loans where Carrington discloses, the $85 tax fee will be automatically included. This is effective immediately. For Broker Disclosed loans, we ask that you begin disclosing this fee right away. As of June 1st, 2018 loans we will be rejecting submissions […]