Temporary Suspension of 30-Day Locks
March 12, 2020
Overview
Due to current market conditions, effective March 13, 2020 and until further notice, Carrington Mortgage Services, LLC (CMS) will temporarily suspend offering 30-day locks. CMS will still offer 15-day, 45-day, and 60-day lock terms in accordance with the revised guidelines for available lock terms outlined below.
| Loan Type | Available Lock Terms | Additional Requirements |
| Non-QM Loans | 45-days | Loan must be Approved |
| Conventional/Government Full Document Loans | 45-days and 60-days | None |
| Conventional/Government Full Document Loans | 15-days | Loan must have all Underwriting Conditions submitted and sent for Clear to Close |
| Government Streamline/IRRRL | 45-days and 60-days | None |
| Government Streamline/IRRRL | 15-days | Loan must be Approved |
Contacts
Please contact your Account Executive or Account Manager with any questions. Carrington thanks you for your business.
An Equal Housing Opportunity Lender. Copyright 2007 -
2024
. Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines. Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: