Latest News Category: Bulletin

Last Week in Review: Bullard Wants More This past week was a classic example of how good news means bad news for Bonds and home loan rates. A little trade deal […]

Last Week in Review: Stocks and Mortgage Rates Rise This past week home loan rates ticked up sharply from the previous week leaving many wondering -- have rates bottomed? For would-be […]

Last Week in Review: Too Much of a Good Thing for Rates Bonds and home loan rates hate good news. So, the influx of positive news abroad coupled with strong jobs […]

The Carrington Mortgage Services, LLC - Wholesale Lending Division Lock Desk will be closed on Monday, September 2, 2019 for Labor Day, which is a Federal Holiday. Normal lock hours […]

Overview As a reminder, the maximum loan-to-value (LTV) and combined loan-to-value (CLTV) percentages will be reduced from 85% to 80% for all FHA cash-out refinance mortgages with case numbers assigned […]

Overview The Veteran’s Administration (VA) published Circular 26-19-22 on August 8, 2019. The Circular is effective immediately and clarifies the Recoupment, NTB, Appraisal, Seasoning Requirements (for all Refinances including Cash-out), […]

Last Week in Review: Indecision Ahead of Huge News Week The U.S. Bond market traded in a tight sideways range, leaving home loan rates essentially at unchanged levels week over week. […]

Last Week in Review: Summer Sideways Trend Continues This past week had little economic data for the financial markets to react to. As a result, home loan rates have inched […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce effective Monday, July 15, 2019, the Carrington Advantage (Flexible Advantage/Advantage Plus and Investor Advantage) programs will offer a new Interest-only […]

Last Week in Review: Goldilocks Scenario for Housing Continues... The housing market is enjoying a great 2019 and the good times are poised to continue. We are seeing home price gains […]