Latest News Category: Bulletin

Overview Due to damage from remnants of Hurricane Ida in Connecticut, FEMA has declared the following counties a disaster. Incident Period: September 1, 2021 - September 2, 2021 State FEMA Disaster Declaration Counties Connecticut October 30, 2021 Fairfield, Mashantucket Pequot Indian Reservation and New London Re-Inspection by Product Type If your loan is … A […]

Carrington Mortgage Services, LLC (CMS) offices, including the Lock Desk, will be closed Monday, October 11, 2021 in observance of Columbus Day, which is a Federal Holiday. Normal Lock Desk hours will resume on Tuesday, October 12, 2021. Locks that expire on the holiday will automatically roll to the next business day.  In addition, there […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the following FHA underwriting updates (highlighted in red). Please note this is an abbreviated summary of the guideline changes. All updates should be viewed within the context of the full CMS FHA Underwriting Guidelines. All changes are effective immediately unless otherwise noted. FHA Underwriting Guidelines […]

Overview USDA Rural Development has announced their policy regarding Fiscal Year 2022 funding for Single Family Housing Guaranteed loans. As stated in the announcement, during the brief lapse in funding for the Fiscal Year 2022, Conditional Commitments will be issued with “subject to the availability of commitment authority for purchase and refinance transactions” effective October […]

Overview Please be advised Ellie Mae is experiencing multiple system and server issues today impacting production services, eFolder, and Mavent. All issues related to this national outage have been escalated and Ellie Mae is actively working to resolve all three issues. The issues are not isolated to Carrington Mortgage Services, LLC (CMS) and are also […]

Overview Due to damage from wildfires in California, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: Jul 14, 2021 and Continuing State FEMA Disaster Declaration Counties California August 24, 2021 Lassen, Nevada, Placer, Plumas Tehama and Trinity Re-Inspection by Product Type If your loan is … A […]

Overview Due to damage from remnants of Hurricane Ida in New Jersey, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: September 1, 2021 - September 3, 2021 State FEMA Disaster Declaration Counties New Jersey September 5, 2021 Bergen, Essex, Gloucester, Hunterdon, Hudson, Mercer, Middlesex, Morris, Passaic, Somerset, […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the following guideline enhancements for the Non-QM loan programs (Prime Advantage, Flexible Advantage Plus and Investor Advantage). These changes are effective September 13, 2021. Prime Advantage Program The Prime Advantage program has the following enhancements: Increased Maximum Loan Amount to $3,500,000 Increased Maximum Cash-Out from […]

Overview Due to damage from remnants of Hurricane Ida in New York, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: September 1, 2021 – September 3, 2021 State FEMA Disaster Declaration Counties New York September 5, 2021 Bronx, Dutchess, Kings, Nassau, Orange, Putnam, Queens, Richmond, Rockland, Suffolk, […]

Overview Due to damage from remnants of Hurricane Ida in Pennsylvania, FEMA has declared the following counties a disaster. Incident Period: August 31, 2021 - September 5, 2021 State FEMA Disaster Declaration Counties Pennsylvania September 10, 2021 Bucks, Chester, Delaware, Montgomery, Philadelphia and York Please note: Re-Inspection by Product Type If your loan is … […]