Skip to Main Content
Carrington Mortgage Services, LLC
Skip to Main Content

New Pricing Structure Changes Starting Immediately

September 13, 2012

The Federal Housing Finance Agency (FHFA) recently directed Fannie Mae and Freddie Mac to increase loan guarantee fees (g-fee) that are charged. As a result, Carrington Mortgage Services will implement a change to our pricing structure for all Conforming Conventional (including High Balance products) loans.
Timing for implementation:

  • Effective immediately, new 45 and 60 day locks will have the new increased fee built into the base pricing.
  • On Sunday, September 16th , the 30 day base pricing will reflect the new fee increase.
  • On Monday, October 1st, the 15 day base pricing will reflect the new fee increase.
  • Any Conventional Conforming loans (Fannie Mae or Freddie Mac product) that are locked on or before September 16 that need to extend beyond Tuesday, October 16th to fund, will be subject to an additional 50 basis point price adjustment over and above normal extension costs. This applies to all relocks and all other extension scenarios.
  • All other extension costs for loans locked on or after Monday, October 1st will be subject to the current extension fees as listed on the daily rate sheet.

Carrington Mortgage Services will monitor the pipeline and reserves the right to assess the correct extension fees where applicable.
Please direct any questions to your Account Executive.

CAREERSINVESTORSABOUT USCORRESPONDENT

Equal Housing Opportunity 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: www.nmlsconsumeraccess.com.

The content of this website is intended for licensed third-party originators or brokers only and may not be duplicated or disseminated to the public. Carrington Mortgage Services, LLC is one of the leading wholesale mortgage lenders.

Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram