Latest News Category: Bulletin

Overview Due to damage from severe winter storms in Louisiana, FEMA has declared the following parishes (counties) a disaster. Incident Period: February 11, 2021 - February 19, 2021 State FEMA Disaster Declaration Parishes Louisiana March 9, 2021 Avoyelles, Bienville, Bossier, Caddo, Calcasieu, Catahoula, Claiborne, Concordia, De Soto, East Baton Rouge, Franklin, Grant, La Salle, Madison, […]

Overview As a reminder, effective Monday, March 1, 2021, applications dated on or after 3/1/2021 require the new Uniform Residential Loan Application (URLA). For applications dated prior to 3/1/2021, if there is no AUS dated prior to 3/1/2021, then the loan must use the new URLA as well since DU/LP will not issue AUS results […]

Overview Due to damage from the severe winter storms in Texas, FEMA has declared the following counties a disaster. Additional updated counties are shown in bold. Incident Period: February 11, 2021 and continuing State FEMA Disaster Declaration Counties Texas February 19, 2021 Anderson, Angelina, Aransas, Atascosa, Austin, Bandera, Bastrop, Bee, Bell, Bexar, Blanco, Bosque, Bowie, […]

Overview Due to damage from severe winter storms in Oklahoma, FEMA has declared the following counties a disaster. Incident Period: February 8, 2021 - February 20, 2021 State FEMA Disaster Declaration Counties Oklahoma February 24, 2021 Canadian, Carter, Cherokee, Comanche, Cotton, Hughes, Jefferson, Le Flore, McIntosh, Oklahoma, Okmulgee, Osage, Pittsburg, Stephens, Tulsa, and Wagoner Re-Inspection […]

Overview Due to damage from the severe winter storms in Texas, FEMA has declared the following counties a disaster. Updated counties are shown in bold. Incident Period: February 11, 2021 and continuing State FEMA Disaster Declaration Counties Texas February 19, 2021 Anderson, Angelina, Aransas, Austin, Bastrop, Bee, Bell, Bexar, Blanco, Bosque, Bowie, Brazoria, Brazos, Brown, […]

Overview Due to damage from the severe winter storms in Texas, FEMA has declared the following counties a disaster. Incident Period: February 11, 2021 and continuing State FEMA Disaster Declaration Counties Texas February 19, 2021 Angelina, Aransas, Bastrop, Bee, Bell, Bexar, Blanco, Brazoria, Brazos, Brown, Burleson, Caldwell, Calhoun, Cameron, Chambers, Collin, Comal, Comanche, Cooke, Coryell, […]

Overview The Lock Desk at Carrington Mortgage Services, LLC (CMS) will be closed on Monday, February 15, 2021 for Presidents Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, February 16, 2021. Rate Locks that expire on the holiday will automatically roll to the next business day.  In addition there are […]

Overview On January 20, 2021, HUD announced major changes to their guidelines for borrowers with Deferred Action for Childhood Arrivals (DACA) status. Individuals classified under DACA who are legally permitted to work in the U.S. are eligible to apply for mortgages backed by the FHA. These changes are effective immediately and apply to new loan […]

Overview Effective for all loan submissions on and after February 1, 2021, Carrington Mortgage Services, LLC (CMS) will implement the following underwriting fee schedule. The new CMS Underwriting Fees are below: Loan Product Underwriting Carrington Prime Advantage $750 Carrington Flexible Advantage (CFA/CFA+) $750 Carrington Investor Advantage $750 Conventional $699 FHA $699 VA $699 USDA $699 […]

Overview The Lock Desk at Carrington Mortgage Services, LLC (CMS) will be closed Monday, January 18, 2021 for Martin Luther King Jr. Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, January 19, 2021. Rate Locks that expire on the holiday will automatically roll to the next business day.  In addition […]