Latest News Category: Bulletin

Last Week in Review: Complacency heading into spring Volatility has disappeared in the financial markets and a sense of calm and complacency has emerged. Why? Well thanks to the Fed, and […]

  Last Week in Review: Disinflation washes up on our shores If inflation moves lower or is expected to move lower -- rates must go lower as well. That's the situation […]

On March 5, 2019, we asked our broker community about how much of their business is Non-QM. We're curious since there is so much talk in the broker and lending […]

Overview Due to severe storms, straight-line winds, and tornadoes in Alabama, FEMA has declared the following county a disaster. Incident Period: March 3, 2019 Please note: If an appraisal was […]

Last Week in Review: U.S. Economy showing solid growth. This past week, the Bureau of Economic Analysis (BEA) reported the U.S. economy, as defined by Gross Domestic Product (GDP), grew at […]

Back by Popular Demand! Carrington Mortgage Services, Wholesale Lending Division is offering to waive the underwriting fee on ALL Non-QM* submissions in the month of March. Whether you submit 1 […]

Last Week in Review: Minutes Revealed The highlight of this past week was the Fed Minutes from the January Fed Meeting. The Minutes are a detailed record of the Fed's monetary […]

Overview As a reminder, effective for loan applications taken on or after February 15th, 2019 Lenders must provide a Comparison Disclosure within three (3) days of loan application for all […]

Overview The Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed on Monday, February 18, 2019 for Presidents Day, which is a Federal Holiday. Normal lock hours will resume […]

Overview On December 17th, 2018, the Veteran’s Administration (VA) published an Interim Final Rule addressing VA guaranty requirements for cash-out refinance loans. The rule will be effective for loan applications […]