Latest News Author: backerman

Carrington is closed on December 24, 25 and January 1 The Carrington lock desk will be closed at 10:30 AM PST on Christmas Eve.     Carrington Mortgage Services Lock Desk     Tues, Dec 24, 2013 Closed Closes 10:30 AM PST     Wed, Dec 25, 2013 Closed Closed     Tues, Dec 31, […]

Topic included in Bulletin W13-158: CMS is closed Tuesday, December 24 and Wednesday, December 25, 2013 for the Christmas Holiday CMS is closed Wednesday, January 1, 2014 for New Year's Day December 25, 2013 and January 1, 2014 are Federal holidays The Lock Desk will be closing early on Tuesday, December 31, 2013 at 10:30 […]

Topic included in Bulletin W13-157: CMS announces the addition of USDA High Balance to product offerings Available Monday, December 16, 2013 Highlights of program outlined in bulletin Program Code for USDA High Balance available in pricing engine Matrix updated and posted on the Intranet Download: Bulletin - W13-157 (PDF)

Topic included in Bulletin W13-156: Mortgage Lending Power of Attorney Policy updated Update includes: Added requirement in Overview that POA must be prepared by a licensed legal professional Updated policy is published on the Intranet Effective Immediately Download: Bulletin - W13-156 (PDF)

Topic included in Bulletin W13-155: CMS announces the acceptance of Puerto Rico tax returns effective immediately Permitted for all programs except LPMI Updated Guidelines, Matrices and Forms have been published on the Intranet Training will be held the week of December 9, 2013 for Sales and Operations Download: Bulletin - W13-155 (PDF)

Topic included in Bulletin W13-154: CMS announces the acceptance of Puerto Rico tax returns effective immediately Permitted for all programs except LPMI Updated Guidelines, Matrices and Forms have been published on the Intranet Training will be held the week of December 9, 2013 for Sales and Operations Download: Bulletin - W13-154 (PDF)

Topic included in Bulletin W13-151: CMS West Coast offices closing early on December 6, 2013 for Holiday party Lock Desk will be closing early on December 6, 2013 at 10:30 AM PST Lock extensions must be requested prior to expiration, therefore, if a lock expires on Friday, December 6, 2013 the lock will need to […]

Topic included in Bulletin W13-153: Effective Thursday, December 5, 2013 Solutionstar has been added as an approved AMC for CMS’s Wholesale Channel CMS Approved AMC companies include: Clear Capital Appraisals Nationwide Property & Appraisal Old Republic ProTeck Valuation Services ServiceLink Solutionstar StreetLinks Lender Solutions Approved AMC list is published on the Intranet The website has […]

Topic included in Bulletin W13-152: Updated: Conventional Conforming Matrix HomePath Matrix FHA Guidelines Conventional Conforming Matrix Maximum LTV reduced from 97% to 95% on Primary Residences, SFR loans HomePath Matrix Maximum LTV reduced from 97% to 95% on Primary Residences, SFR loans Seller Contribution has been increased from 3% to 6% on Owner Occupied and […]

Topic included in Bulletin W13-150: FEMA Disaster Declaration for Individual Assistance in  the following Illinois counties: Champaign Douglas Fayette Grundy Jasper LaSalle Massac Pope Tazewell Vermilion Wabash Washington Wayne Will Woodford For guidance and loan property requirements refer to the CMS Declared Disaster Policy which is published on the Intranet Download: Bulletin - W13-150 (PDF)