Latest News Author: Rodney Ashton

Overview Carrington Mortgage Services, LLC (CMS) is monitoring the impact of the Hurricane Sally until FEMA formally declares which areas will require re-inspections.  Until FEMA posts declared counties, CMS will be suspending closing/funding of loans in the key counties and zip codes listed below. States State Counties Zip Codes Alabama All All Georgia All All […]

Overview Due to California wildfires, FEMA has declared the following counties a disaster. Updated counties are shown in bold. Incident Period: August 14, 2020 and continuing State FEMA Disaster Declaration Counties California August 22, 2020 Butte, Lake, Monterey, Napa, San Mateo, Santa Cruz, Solano, Sonoma and Yolo Please note: If an appraisal was completed prior […]

Overview Due to Hurricane Laura in Louisiana, FEMA has declared the following counties (parishes) a disaster. Additional FEMA declared counties are shown in bold. Incident Period: August 22, 2020 – August 27, 2020 State FEMA Disaster Declaration Counties Louisiana August 28, 2020 Acadia, Allen, Beauregard, Caddo, Calcasieu, Cameron, Grant, Jackson, Jefferson Davis, La Salle, Lincoln, […]

Overview Carrington Mortgage Services, LLC (CMS) is monitoring the impact of the Washington wildfires until FEMA formally declares which areas will require re-inspections.  Until FEMA posts declared counties, CMS will be suspending closing/funding of loans in the key counties and zip codes listed below. Counties Zip Codes Chelan 98801, 98807, 98811, 98815, 98816, 98817, 98821, […]

Overview Carrington Mortgage Services, LLC (CMS) is monitoring the impact of the Oregon wildfires until FEMA formally declares which areas will require re-inspections.  Until FEMA posts declared counties, CMS will be suspending closing/funding of loans in the key counties and zip codes listed below. Counties Zip Codes Clackamas 97004, 97009, 97011, 97013, 97015, 97017, 97022, […]

Overview Due to Hurricane Laura in Louisiana, FEMA has declared the following counties (parishes) a disaster. Additional FEMA declared counties are shown in bold. Incident Period: August 22, 2020 – August 27, 2020 State FEMA Disaster Declaration Counties Louisiana August 28, 2020 Acadia, Allen, Beauregard, Calcasieu, Cameron, Grant, Jackson, Jefferson Davis,Lincoln, Morehouse, Natchitoches, Ouachita, Rapides, […]

Overview Carrington Mortgage Services, LLC (CMS) is monitoring the impact of the California wildfires until FEMA formally declares which areas will require re-inspections.  Until FEMA posts declared counties, CMS will be suspending closing/funding of loans in key counties and zip codes listed below.  Loan lists will be distributed to Operations Management and will be updated […]

Overview The Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed on Monday, September 7, 2020 for Labor Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, September 8, 2020. Additionally, the Lock Desk will close early on Friday, September 4, 2020 at 11:00 A.M. PST due to the early […]

Overview Due to Hurricane Laura in Louisiana, FEMA has declared the following counties (parishes) a disaster. Incident Period: August 22, 2020 – August 27, 2020 State FEMA Disaster Declaration Counties Louisiana August 28, 2020 Acadia, Allen, Beauregard, Calcasieu, Cameron, Jefferson Davis, Ouachita, Vermilion and Vernon Please note: If an appraisal was completed prior to the […]

Overview Due to current market conditions, Fannie Mae and Freddie Mac announced that effective September 1, 2020, they will begin charging an additional 50-basis point Loan Level Pricing Adjustment (LLPA) for all conventional refinance transactions (rate/term and cash-out). Starting August 13, 2020 Carrington Mortgage Services, LLC (CMS) will update our pricing to discontinue the debt-to-income […]