Latest News Author: Vanessa Naso

Overview Due to Tropical Storm Debby in Pennsylvania, FEMA has declared the following counties a disaster. Incident Period: August 9, 2024 – August 10, 2024 State FEMA Disaster Declaration Counties Pennsylvania 09/11/2024 Lycoming, Potter, Tioga and Union Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … […]

Mortgage applications increased 1.6 percent this week; buyers remain in wait-and-see mode as lower prices, an increase in listings and longer times on the market are giving them more time to weigh their options; a new survey shows that 50% of prospective homebuyers can’t afford the basic costs of homeownership; and mortgage rates continue to […]

Overview Beginning Thursday September 5, 2024, Carrington Mortgage Services, LLC (CMS) will implement the following guideline changes on Non-QM (Carrington Prime Advantage, Carrington Flexible Advantage Plus, Carrington Flexible Advantage, and Investor Advantage) loan transactions. Updated Guideline Requirements Program Changes Carrington Prime Advantage Increased Maximum Purchase & Rate/Term Refinance LTV to 85% (FICO = 680) and […]

Overview Due to severe storms, flooding, straight-line winds and tornadoes in Iowa, FEMA has declared the following counties a disaster. The updated county is listed in bold. Incident Period: June 16, 2024 - July 23, 2024 State FEMA Disaster Declaration Counties Iowa 06/24/2024 Buena Vista, Cherokee, Clay, Dickinson, Emmet, Humbolt, Lyon, Monona, O'Brien, Osceola, Palo […]

Overview Due to Hurricane Debby in Florida, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: August 1, 2024 – August 27, 2024 State FEMA Disaster Declaration Counties Florida 08/10/2024 Alachua, Columbia, Dixie, Gilchrist, Hamilton, Jefferson, Lafayette, Levy, Madison, Manatee, Sarasota, Suwannee and Taylor Re-Inspection by Product Type […]

This week’s data shows home prices hit a record high in June; contract signings fell 5.5% last month; starter home sales surged 10.2% in July, as buyers took advantage of the recent rate drop; delinquencies and mortgage application payments both decreased; and home prices are still slightly down, while inventory is well above last year’s […]

Overview Due to severe storms and flooding in Minnesota, FEMA has declared the following counties a disaster. Incident Period: June 16, 2024 – July 4, 2024 State FEMA Disaster Declaration Counties Minnesota 06/28/2024 Blue Earth, Cook, Cottonwood, Faribault, Freeborn, Goodhue, Itasca, Jackson, Lake, Le Sueur, Mower, Nicollet, Nobles, Rice, Rock, Saint Louis, Steele, Waseca, and […]

Overview Due to severe storms, flooding, straight-line winds and tornadoes in Iowa, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: June 16, 2024 and continuing State FEMA Disaster Declaration Counties Iowa 06/24/2024 Buena Vista, Cherokee, Clay, Dickinson, Emmet, Humbolt, Lyon, O'Brien, Osceola, Palo Alto, Plymouth, Pottawattamie, Sioux […]

Overview Due to severe storms, flooding, straight-line winds and tornadoes in Iowa, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: June 16, 2024 and continuing State FEMA Disaster Declaration Counties Iowa 06/24/2024 Buena Vista, Cherokee, Clay, Emmet, Lyon, O'Brien, Plymouth and Sioux Re-Inspection by Product Type If […]

Overview Due to severe storms, flooding, straight-line winds and tornadoes in Iowa, FEMA has declared the following counties a disaster. The Incident Period end date has been established and the updated county is listed in bold. Incident Period: June 16, 2024 - July 23, 2024 State FEMA Disaster Declaration Counties Iowa 06/24/2024 Buena Vista, Cherokee, […]