Overview Due to Hurricane Laura in Louisiana, FEMA has declared the following counties (parishes) a disaster. Additional FEMA declared counties are shown in bold. Incident Period: August 22, 2020 – […]
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Latest News Category: Bulletin
California Wildfires Closing/Funding Suspension
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Overview Carrington Mortgage Services, LLC (CMS) is monitoring the impact of the California wildfires until FEMA formally declares which areas will require re-inspections. Until FEMA posts declared counties, CMS will […]
Labor Day Holiday Lock Desk Hours
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Overview The Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed on Monday, September 7, 2020 for Labor Day, which is a Federal Holiday. Normal lock hours will resume […]
FEMA Disaster Declaration for Louisiana
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Overview Due to Hurricane Laura in Louisiana, FEMA has declared the following counties (parishes) a disaster. Incident Period: August 22, 2020 – August 27, 2020 State FEMA Disaster Declaration Counties […]
Conventional Refinance Pricing Update
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Overview Due to current market conditions, Fannie Mae and Freddie Mac announced that effective September 1, 2020, they will begin charging an additional 50-basis point Loan Level Pricing Adjustment (LLPA) […]
USDA Underwriting Guideline Updates
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Overview In response to a recent USDA audit Carrington Mortgage Services, LLC (CMS) has implemented the following USDA product Underwriting updates and clarifications (highlighted in red). Please note this is […]
Independence Day Holiday Lock Desk Hours
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Overview The Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed Friday, July 3, 2020 for Independence Day, which is the observed Federal Holiday and also a Company Holiday. […]
Updated Maximum DTI for Credit Qualifying Loan Products
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Overview Effective immediately, the temporary maximum DTI limit of 55% for all credit qualifying products is rescinded. The maximum permitted DTI stated in the product matrices applies. This includes FHA, […]
Updated CMS Lock Policy
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Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the market conditions that led to temporary suspensions of some lock terms and exception requirements have been resolved and effective […]
Updated CMS Lock Policy
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Overview Effective May 27, 2020 Carrington Mortgage Services, LLC (CMS) will offer a 60-day lock to brokers prior to loan submission when the loan has been registered in BrokerIQ. Loan […]
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. Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines. Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: