Government Shutdown Update – USDA Rate Locks

January 15, 2019rashtonBulletins, Bulletins

Overview

The USDA has advised that during the current government shutdown, the Rural Housing Service will not guarantee loans that do not have a conditional commitment issued before the loan is closed. Due to this situation, and effective immediately, Carrington Mortgage Services, LLC (CMS) will NOT accept rate lock requests or issue lock confirmations on USDA loans until the government shutdown ends and the USDA resumes normal business operations.

Please contact a Carrington Account Executive if you have questions.

Latest Advertisement