Last Week in Review: Rates Edge Higher as Inflation Expectations Rise Interest rates ticked up this week, despite the ongoing and uncertain Russia/Ukraine war. Let's break down what happened this past […]
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Latest News Archives
Presidents Day Holiday – Lock Desk Hours and Key Compliance Dates
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Overview The offices of Carrington Mortgage Services, LLC (CMS) including the Lock Desk will be closed on Monday, February 21, 2022 for Presidents Day, which is a Federal Holiday. Normal […]
VA Cash-Out Refinance 100% LTV Option
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Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce a new VA Cash-Out Refinance option up to 100% LTV. The increased VA Cash-Out LTV option is subject to the […]
FEMA Disaster Declaration for Tennessee Severe Storms, Straight-line Winds, and Tornadoes
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Overview Due to severe storms, straight-line winds, and tornadoes in Tennessee, FEMA has declared the following counties a disaster. Incident Period: December 10, 2021 - December 11, 2021 State FEMA […]
Loan Level Pricing Adjustments for Conventional High Balance Loans and Second Homes
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Overview The Federal Housing Finance Agency (FHFA) recently announced targeted increases to Fannie Mae and Freddie Mac's Loan Level Pricing Adjustments (LLPA/upfront fees) for certain high balance/super-conforming loans and second […]
Martin Luther King Jr Holiday – Lock Desk Hours and Key Compliance Dates
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Overview The offices of Carrington Mortgage Services, LLC (CMS) including the Lock Desk will be closed Monday, January 17, 2022, for Martin Luther King Jr. Day, which is a Federal […]
FEMA Disaster Declaration for Washington Flooding and Mudslides
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Overview Due to flooding and mudslides in Washington, FEMA has declared the following counties a disaster. Incident Period: November 13, 2021 - November 15, 2021 State FEMA Disaster Declaration Counties […]
FEMA Disaster Declaration for Colorado Wildfires and Straight-line Winds
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Overview Due to wildfires and straight-line winds in Colorado, FEMA has declared the following county a disaster. Incident Period: December 30, 2021 and Continuing State FEMA Disaster Declaration Counties Colorado […]
Escrow Repair Loan Program Discontinued
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Overview Effective December 31, 2021, Carrington Mortgage Services, LLC (CMS) will discontinue offering FHA 203(b) Escrow Repair loans through the Wholesale Channel. Brokers must submit all 203(b) loans prior to […]
FEMA Disaster Declaration for Alabama Severe Storms and Flooding
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Overview Due to severe storms and flooding in Alabama, FEMA has declared the following counties a disaster. Incident Period: October 6, 2021 – October 7, 2021 State FEMA Disaster Declaration […]
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