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Overview The Carrington Mortgage Services, LLC (CMS) Lock Desk, will be closed Thursday, November 26, 2020 in observance of Thanksgiving, which is a federal holiday and also Friday, November 27, 2020 which is a CMS company holiday.  Due to the holiday, the Lock Desk will be closing early on Wednesday, November 25, 2020 at 11:00 […]

Last Week in Review: Financial Markets Get Vaccinated The big news of last week was Pfizer's announcement that their vaccine was 90% effective against COVID-19. It also appears that some vaccines could be distributed before year-end. The market's response? "This is a gamechanger." Stocks soared to record highs and mortgage-backed securities and Treasuries prices fell […]

Overview Due to California wildfires, FEMA has declared the following counties a disaster. Updated counties are shown in bold. Incident Period: August 14, 2020 – Continuing State FEMA Disaster Declaration Counties California August 22, 2020 Butte, Lake, Lassen, Mendocino, Monterey, Napa, San Mateo, Santa Clara, Santa Cruz, Solano, Sonoma, Stanislaus, Trinity, Tulare and Yolo Re-Inspection […]

Overview Due to Louisiana Hurricane Delta, FEMA has declared the following parishes a disaster. Updated counties are shown in bold. Incident Period: October 6, 2020 – October 10, 2020 State FEMA Disaster Declaration Parishes Louisiana October 16, 2020 Acadia, Beauregard, Calcasieu, Cameron, Jefferson Davis, Lafayette, Rapides, St. Landry, St. Martin Parish’s and Vermilion Re-Inspection by […]

Last Week in Review: Three Things the Markets Told Us About Election Day Many were expecting uncertainty and chaos emerging from Election Day, and those people were not disappointed. Joe Biden will be the next president of the United States. Even when the president was unknown, Stocks skyrocketed, and Bond prices soared, causing rates to […]

Overview Carrington Mortgage Services (CMS) offices, including the Lock Desk, will be closed Wednesday, November 11, 2020 in observance of Veteran’s Day, which is a Federal Holiday. Normal Lock Desk hours will resume on Thursday, November 12, 2020. Locks that expire on the holiday will automatically roll to the next business day.  In addition, there […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce effective Monday November 2, 2020; CMS will implement the following Carrington Prime Advantage product underwriting updates (highlighted in blue).  Please note this is an abbreviated summary of the guideline changes. For additional information, please review the full guidelines available on carringtonwholesale.com. Underwriting Guidelines Old Requirements […]

Comparable Benefits with Easier Qualifications Although the market for Jumbo loans is bouncing back for traditional banks, Carrington Mortgage Services offers borrowers a better-priced alternative – Carrington Prime Advantage℠ – that has comparable benefits with easier qualifications for loans up to $2.5 million. Dare to compare! "The Bank" Carrington One loan up to 90% LTV? […]

Overview Due to California wildfires, FEMA has declared the following counties a disaster. Updated counties are shown in bold. Incident Period: August 14, 2020 – Continuing State FEMA Disaster Declaration Counties California August 22, 2020 Butte, Lake, Lassen, Monterey, Napa, San Mateo, Santa Clara, Santa Cruz, Solano, Sonoma, Trinity, Tulare and Yolo Re-Inspection by Product […]

Overview Due to Louisiana Hurricane Delta, FEMA has declared the following parishes a disaster. Incident Period: October 6, 2020 – October 10, 2020 State FEMA Disaster Declaration Parishes Louisiana October 16, 2020 Acadia, Calcasieu, Cameron, Jefferson Davis and Vermilion Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these […]