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 […]
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Latest News Archives
Labor Day Holiday - Lock Desk Hours and Key Compliance Dates
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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 […]
FEMA Disaster Declaration for Tennessee Severe Storms and Flooding
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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 […]
Updated Non-Agency Product Guidelines
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Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the following Carrington Advantage product underwriting updates (highlighted in red). Key updates include: Updated the Desk Review requirement for all […]
Independence Day Holiday - Lock Desk Hours and Key Compliance Dates
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Overview The Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed Friday, July 2, 2021 for a Company Holiday and also Monday, July 5, 2021 for Independence Day, which […]
Announcement - FHA Student Loan Payment Calculation
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Overview The U.S. Department of Housing and Urban Development (HUD) has updated the payment calculation of monthly obligation for student loans. The change is effective for all case numbers assigned […]
Juneteenth National Independence Day and Key Compliance Dates
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Overview On June 17, 2021, President Biden signed legislation making June 19th a federal holiday to be officially known as Juneteenth National Independence Day. The creation of this new federal […]
HUD Announces New Eligibility Guidelines for Certain Non-Permanent Residents
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Overview HUD recently announced clarifications to their guidelines for certain Non-Permanent Residents applying for FHA-insured mortgages, including: Eligibility of borrowers with H1-B non-immigrant visa status without an EAD, Eligibility of […]
Carrington Non-QM Program Underwriting Enhancements
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Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the following underwriting guideline enhancements for the Non-QM loan programs (Prime Advantage, Flexible Advantage/Advantage Plus and Investor Advantage). All guideline […]
FEMA Disaster Declaration for West Virginia Severe Storms and Flooding
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Overview Due to damage from severe storms and flooding in West Virginia, FEMA has declared the following counties a disaster. Incident Period: February 27, 2021 - March 4, 2021 State […]
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