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Latest News Author: backerman

FHA Streamline Changes in Effect Monday, 9/17

Please review important changes to the FHA Streamline program. Starting Monday, September 17th, 2012: An AVM is required on all FHA Streamline loans with FICO scores less than 640. The AVM will be ordered by a Carrington Junior Underwriter early in the process and included in loan file at time of underwriting. The LTV of […]

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New Pricing Structure Changes Starting Immediately

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 […]

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Bulletin W1276 - Pricing Adjustments and Extension Costs Associated with G-Fee Increases

This bulletin highlights the increase of the guarantee fee (g-fee) increases mandated by the Federal Housing Finance Agency (FHFA). Effective immediately new 45 and 60 day locks will have the new increased fee built into the base pricing On September 16, the 30 day pricing will reflect the new fee increase On October 1, the […]

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Bulletin W1272 - Updates to the FHA Streamline Program and HomePath

This bulletin highlights updates to the FHA Streamline Program and HomePath. The FHA Streamline program has been amended: AVM required on all loans with FICO scores less than 640 Effective on loans submitted on and after Monday September 17, 2012 AVM will be ordered by Junior Underwriter early in the process and included in loan […]

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Bulletin W1274 - Updated Underwriting Matrix

Attached is a bulletin regarding the updated Underwriting Matrix which is posted to the Intranet. Underwriting Matrix posted to the Intranet at: http://carringtonhome.corp.int/Corporate%20Document%20Library/Underwriting%20Conditions%20Matrix.pdf Updates to: Florida Illinois Indiana New York North Carolina Download: Bulletin - #W1274 (PDF)

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Bulletin W1273 - Power of Attorney Process

Attached is a bulletin which outlines the policy regarding the use of a Power Attorney in the loan process.  The policy can be found on the Intranet Addresses the following types of Power of Attorney: Military Durable Power of Attorney General Power of Attorney Special Power of Attorney Requirements of a Power of Attorney vary […]

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Bulletin W1267 - New Credit Vendors

Attached is a bulletin announcing the addition of the following credit vendors: CIS, Consolidated Information Services Credit Plus Inc Equifax Mortgage Services Credentials for Associates (Operations) will be sent by the credit vendor by Monday, September 10, 2012. The addition of Kroll Factual Data is anticipated within the next two weeks. Download: Bulletin - #W1267 […]

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Carrington Mortgage Services Hires Lynn Halstead as Vice President for Wholesale Lending

Addition of Seasoned Mortgage Industry Executive to Drive Growth of Lending Business Carrington Mortgage Services (Carrington) today announced the addition of Lynn Halstead as vice president of wholesale operations to its Mortgage Lending Division senior management team. Lynn joins Carrington to drive its wholesale lending channel. "Lynn is exactly the kind of experienced, well-rounded executive […]

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Bulletin W1271 - Disaster Declaration for Hurricane Isaac

This bulletin outlines our requirements for properties affected by Hurricane Isaac. Download: Bulletin - #W1268 (PDF)

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Bulletin W1270 – FEMA Disaster Declaration

FEMA Disaster Declaration for New Mexico, California, Washington, Maryland, Wisconsin, District of Columbia and Virginia Download: Bulletin - #W1270 (PDF)

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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.

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

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