Carrington Wholesale Lending

Bulletin W13-147 – Update, Escrow Holdback Disbursement Policy

November 25, 2013Bulletins

Topic included in Bulletin W13-147:

  • The Escrow Holdback Disbursement Policy has been updated
  • Changes include:
    • Overview – Eligible Programs
    • Program Types – Conventional Jumbo loans and HUD owned properties are ineligible for escrow holdbacks
    • Transaction Types – Allowed on:
      • Primary Residence Only – Purchase and Refinance
      • 1-4 Units
      • Condos
      • PUDs
  • Updates effective immediately

Download: Bulletin – W13-147 (PDF)

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