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Overview Effective March 8, 2021, Carrington Mortgage Services, LLC (CMS) is pleased to announce the following enhancements for the Prime Advantage and Investor Advantage loan programs. Pricing Improvements **Significant pricing improvements for Prime Advantage, CFA+, and Investor Advantage programs, including new “floor” rates! Prime Advantage Program Increased Loan-to-Values (see matrix for details) Cash Out now […]

Last Week in Review: The Fed, Inflation, and a Twist  Home loan rates improved modestly week-over-week as the U.S. bond market attempts to stabilize after a sharp increase in rates. Back on Thursday, February 25th, the 10-year yield hit 1.61% and has since declined back beneath 1.50%. This helped mortgage-backed securities (MBS), which drive home […]

Last Week In Review: Rates Go on Vacation Longer-term U.S. interest rates, including home loan rates, remain on the rise. The big story of the week is Fed Chair Jerome Powell on Capitol Hill to provide his real-time assessment of the economy and rates while attempting to "sell" the notion that higher inflation will not […]

Overview Due to damage from the severe winter storms in Texas, FEMA has declared the following counties a disaster. Additional updated counties are shown in bold. Incident Period: February 11, 2021 and continuing State FEMA Disaster Declaration Counties Texas February 19, 2021 Anderson, Angelina, Aransas, Atascosa, Austin, Bandera, Bastrop, Bee, Bell, Bexar, Blanco, Bosque, Bowie, […]

Overview Due to damage from severe winter storms in Oklahoma, FEMA has declared the following counties a disaster. Incident Period: February 8, 2021 - February 20, 2021 State FEMA Disaster Declaration Counties Oklahoma February 24, 2021 Canadian, Carter, Cherokee, Comanche, Cotton, Hughes, Jefferson, Le Flore, McIntosh, Oklahoma, Okmulgee, Osage, Pittsburg, Stephens, Tulsa, and Wagoner Re-Inspection […]

Overview Due to damage from the severe winter storms in Texas, FEMA has declared the following counties a disaster. Updated counties are shown in bold. Incident Period: February 11, 2021 and continuing State FEMA Disaster Declaration Counties Texas February 19, 2021 Anderson, Angelina, Aransas, Austin, Bastrop, Bee, Bell, Bexar, Blanco, Bosque, Bowie, Brazoria, Brazos, Brown, […]

Overview Due to damage from the severe winter storms in Texas, FEMA has declared the following counties a disaster. Incident Period: February 11, 2021 and continuing State FEMA Disaster Declaration Counties Texas February 19, 2021 Angelina, Aransas, Bastrop, Bee, Bell, Bexar, Blanco, Brazoria, Brazos, Brown, Burleson, Caldwell, Calhoun, Cameron, Chambers, Collin, Comal, Comanche, Cooke, Coryell, […]

Last Week in Review: Three Things to Know This Week Longer-term U.S. interest rates, including home loan rates, increased sharply this past week, touching pre-COVID levels. Let's break down the cause and effect as well as some other stories affecting housing. January Retail Sales Highlight Pent up Consumer Demand Retail Sales is a monthly report […]

The Redesigned URLA is Here At the first of the year, Fannie Mae and Freddie Mac rolled out the redesigned Uniform Residential Loan Application (URLA), along with new automated underwriting system (AUS) specifications for DU and LPA. Get the full rundown on the form updates, which aim to: Help lenders more easily capture relevant loan […]

The Redesigned URLA is Here At the first of the year, Fannie Mae and Freddie Mac rolled out the redesigned Uniform Residential Loan Application (URLA), along with new automated underwriting system (AUS) specifications for DU and LPA. Get the full rundown on the form updates, which aim to: Help lenders more easily capture relevant loan […]