Latest News Category: Bulletin

Big Pricing Improvement with our Non-QM Loan Programs The team at Carrington Mortgage Services is extremely excited to announce some big changes to our Non-QM pricing: Carrington Flexible Advantagesm: LLPA's […]

Overview Effective Tuesday, June 25, 2019, all VA IRRRL’s submitted to Carrington Mortgage Services, LLC (CMS) must have a 36 month or less recoupment of fees.  This applies to all […]

Overview To confirm the value determination for Carrington Advantage Product (CFA, CFA Plus, and Investor Advantage) loans with amounts of $1 Million and greater, effective June 17, 2019, Carrington Mortgage […]

EFFECTIVE JUNE 17, 2019 As a reminder, in an effort to improve our services, Carrington Mortgage Services, LLC will transition to lender disclosed initial disclosure packages on new loan applications […]

Overview Carrington Mortgage Services, LLC (CMS) has made an immediate adjustment to the Wholesale Rate Lock policy. Effective, May 14th, 2019, the Lock Desk will no longer process any lock […]

Overview In response to continued feedback and clarification from the VA and others, the Carrington Mortgage Services, LLC (CMS) VA Interest Rate Reduction Refinance Loan (VA-IRRRL) Guidelines and Matrix are […]

Join us to learn why FHA Manual UW is even more important after recent DU TOTAL Scorecard Updates. During this webinar we will cover: What factors in the file can […]

Overview In observance of Good Friday, the Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed Friday, April 19, 2019. Normal Lock Desk hours will resume on Monday, April […]

Last Week in Review: Thank you Jerome Powell The monetary authority of the United States, the Federal Reserve, meets 8 times a year to discuss the economy and adjust monetary policy […]

Overview Over the past several years FHA has seen a continued increase in certain higher-risk credit characteristics in mortgages it insures, including an increase in cash out refinances and mortgages […]