Latest News Author: Rodney Ashton

CARRINGTON CAN HELP YOU CLOSE LOANS OTHERS CAN’T Carrington recently closed these Non-QM* loan scenarios for our clients. Look familiar? Did you recently reject an applicant with similar facts? We approved them! We have a full spectrum of programs for a variety of loan scenarios, including FHA, VA, USDA, Conventional and Carrington's Flexible Advantage℠ & Flexible […]

On Friday, October 12, 2018, Carrington Mortgage Services, LLC (CMS) resumed normal operations under the Disaster Policy. CMS will authorize funding in all five states (Alabama, Florida, Georgia, North Carolina, and South Carolina) that were previously placed on hold. FEMA has declared the following counties in Florida for Individual Assistance. Incident Period: October 7, 2018 […]

Effective immediately, and until further notice, Carrington Mortgage Services, LLC (CMS) will temporarily suspend funding all loans with subject properties in the following Florida and Georgia counties: This suspension is due to the potential impact of Hurricane Michael that continues to be a major Category 3 storm which is expected to arrive at the Gulf […]

Carrington Mortgage Services, LLC - Wholesale Division is pleased to announce Underwriting updates to our Carrington Flexible Advantage℠, Advantage℠ Plus, & Investor Advantage℠ Non-QM products; effective for submissions dated on and after September 19, 2018. Please contact your account executive if you have questions. [btn link="/become-approved/" color="skyBlue" size="size-m"]Become Approved[/btn]

On Monday, September 17th, 2018, Carrington Mortgage Services, LLC (CMS) will resume normal operations under the Disaster Policy. CMS will authorize funding in all four states (North Carolina, South Carolina, Virginia, and West Virginia) that were placed on hold. FEMA has declared the following counties in North Carolina for Individual Assistance: Only those loans in […]

Overview Effective immediately, and until further notice, Carrington Mortgage Services, LLC (CMS) will temporarily suspend funding all loans with subject properties in North Carolina, South Carolina, Virginia and West Virginia. This suspension is due to the potential impact of Hurricane Florence that continues to be a dangerous Category 4 storm which is expected to arrive […]

CARRINGTON CAN HELP YOU CLOSE LOANS OTHERS CAN’T Carrington recently closed this Non-Prime* loan scenario for one of our clients. Look familiar? Did you recently reject an applicant with similar facts? We approved them! We have a full spectrum of programs for a variety of loan scenarios, including FHA, VA, USDA, Conventional and Carrington's Flexible Advantage℠ […]

The Lock Desk will be closed on Monday, September 3, 2018, for Labor Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, September 4, 2018. Additionally, the Lock Desk will close early on Friday, August 31, 2018, at 10:00 A.M. PST due to the early close of the financial markets. Locks […]

Last Week in Review: Retail Sales were stronger than expected in July. Housing Starts improved from June's nine-month low. July Housing Starts rebounded slightly from the steep decreases seen in June. Housing Starts grew to a seasonally adjusted annual rate of 1.168 million units, which was a 0.9 percent increase from June's downwardly revised estimate […]

Overview Effective Thursday, August 9, 2018, Carrington Mortgage Services, LLC (CMS) will introduce the Investor Advantage Program. The Investor Advantage Program is well suited for Investors with some credit challenges and is convenient without the need for income documentation and traditional debt ratios to qualify.  The borrower only needs to have positive cash flow for […]