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The Federal Reserve cut interest rates by a quarter point on Wednesday; contract closings increased 4.8% to an annualized rate of 4.15 million in November; November mortgage applications to purchase […]

Overview The purpose of this communication is to announce, effective December 31, 2024, Carrington Mortgage Services, LLC (CMS) will no longer offer the Closed-End Second Lien Loan Program for the […]

Overview The purpose of this communication is to announce, effective December 31, 2024, Carrington Mortgage Services, LLC (CMS) will no longer offer the Closed-End Second Lien Loan Program for the […]

Mortgage applications increased 5.4% from one week earlier; alternative mortgages, such as non-QM, have seen double-digit growth recently; refinance surged in September and October, as more than 300,000 mortgage refinances […]

Overview During the 2024 holiday season, the offices of Carrington Mortgage Services, LLC (CMS), including the Lock Desk, will observe the following schedule: Tuesday, December 24, 2024 – closed for […]

Overview Due to Tropical Storm Helene in West Virginia, FEMA has declared the following county a disaster. Incident Period: September 25, 2024 – September 28, 2024 State FEMA Disaster Declaration […]

Overview Due to Hurricane Helene in South Carolina, FEMA has declared the following counties a disaster. FEMA has established the Incident Period end date and updated counties are listed in […]

Home prices continued to cool in September as homebuyers struggled with inflation fatigue, according to the latest CoreLogic S&P Case-Shiller Index; mortgage application payments increased by 4.2%; new home sales […]

Mortgage applications increased 1.7% from one week earlier, and new home purchase mortgage applications increased 8.2% in October; data shows that sales of previously owned homes rose 3.4% in September; […]

This week, mortgage applications increased by 0.5%; a new report shows that U.S. homeowners withdrew $48 billion in equity in the third quarter of 2024; a survey explains why homeowners […]