Latest News Category: Bulletin

Carrington Mortgage Services, LLC (CMS) is pleased to announce that effective Tuesday, June 5, 2018, Brokers may submit loans using Lender Paid Compensation for the Near-Prime and Non-Prime products. Refer […]

Effective May 30, 2018, Carrington Mortgage Services, LLC (CMS) will offer improved loan level pricing for the Near-Prime and Non-Prime Loan programs. The matrices below list the amounts of the […]

The Lock Desk will be closed on Monday, May 28, 2018 for Memorial Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, May 29, 2018. Additionally, […]

Last Week in Review: The April Jobs Report disappointed while inflation ticked up in March. Plus, the Fed met. The Jobs Report for April was a bit of a disappointment, […]

Overview Effective May 3, 2018 Carrington Mortgage Services, LLC (CMS) will introduce a new Near-Prime Product to broaden our commitment to serving the underserved borrower! The Near-Prime product is well […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce that New York loans (excluding NY CEMA loans) will be eligible under the Non-Prime and Near-Prime products effective May 3, […]

Last Week in Review: Home sales increased in March, though inventory remains a challenge. First quarter GDP fell but beat expectations. March Existing Home Sales rose 1.1 percent from February […]

As a reminder, VA regulations limit the fees the veteran can pay to obtain a loan. Carrington Mortgage Services, LLC (CMS) strictly adheres to the limitations on borrower-paid fees and […]

The HUD Higher Priced Mortgage Loan (HPML) rule exempts FHA Streamline loans from the Federal ATR/QM Higher Priced Maximum APR requirement. CMS will accept FHA Streamlined loan submissions that exceed […]

CNBC highlights Carrington's new Non-Prime programs with Rick Sharga See what Rick Sharga, Executive Vice President of Carrington Mortgage Holdings has to say about Carrington's new Non-Prime loan programs, in […]