Latest News Archives

Overview Due to damage from remnants of Tropical Storm Fred in North Carolina, FEMA has declared the following counties a disaster. Incident Period: August 16, 2021 – August 18, 2021 State FEMA Disaster Declaration Counties North Carolina September 8, 2021 Avery, Buncombe, Haywood, Madison, Transylvania, Watauga, and Yancey Re-Inspection by Product Type If your loan […]

Last Week in Review: ECB Scales Back, No Tantrum - Yet. Home loan rates have bounced around the past couple of weeks in response to good, bad, and even some ugly news. Let's break down last week's big news and what it means to the housing market and economy. The European Central Bank (ECB) Buying […]

Overview Due to damage from remnants of Hurricane Ida in New York, FEMA has declared the following counties a disaster. Incident Period: September 1, 2021 – September 3, 2021 State FEMA Disaster Declaration Counties New York September 5, 2021 Bronx, Kings, Queens, Richmond and Westchester Re-Inspection by Product Type If your loan is … A […]

Overview Due to damage from remnants of Hurricane Ida in New Jersey FEMA has declared the following counties a disaster. Incident Period: September 1, 2021 – September 3, 2021 State FEMA Disaster Declaration Counties New Jersey September 5, 2021 Bergen, Gloucester, Hunterdon, Middlesex, Passaic and Somerset Re-Inspection by Product Type If your loan is … […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the new and improved Asset Conversion income option to Carrington Prime Advantage and Carrington Flexible Advantage Plus Programs for purchase, rate/term refinance and cash-out transactions. Asset Conversion will utilize the same qualification requirements as the full documentation matrix and best of all, NO additional LLPA’s! […]

Overview Due to damage from Hurricane Ida in Louisiana, FEMA has declared the following parishes (counties) a disaster. Incident Period: August 26, 2021 and Continuing State FEMA Disaster Declaration Parishes Louisiana August 29, 2021 Ascension, Assumption, East Baton Rouge, East Feliciana, Iberia, Iberville, Jefferson, Lafourche, Livingston, Orleans, Plaquemines, Pointe Coupee, St. Bernard, St. Charles, St. […]

Last Week in Review: Congress Printing, Fed Exiting Among the many stories happening this past week, the elephant in the room remains Afghanistan. There is so much uncertainty and it isn’t clear when, how and if it ends. In challenging times like these, bond prices and rates typically improve, but they didn’t. Rates crept higher […]

Overview Due to damage from wildfires in California, FEMA has declared the following counties a disaster. Incident Period: Jul 14, 2021 and Continuing State FEMA Disaster Declaration Counties California August 24, 2021 Lassen, Nevada, Placer and Plumas Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … […]

Overview The Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed on Monday, September 6, 2021 for Labor Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, September 7, 2021. Additionally, the Lock Desk will close early on Friday, September 3, 2021 at 11:00 A.M. PST due to the early […]

Overview Due to damage from severe storms and flooding in Tennessee, FEMA has declared the following counties a disaster. Incident Period: August 21, 2021 State FEMA Disaster Declaration Counties Tennessee August 23, 2021 Humphreys Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … FHA Full Doc […]