Latest News Category: Bulletin

Overview Effective July 17, 2023, Carrington Mortgage Services, LLC (CMS) is pleased to introduce a new temporary rate buydown program which provides affordable options for prospective homebuyers.  Temporary buydowns are when up-front funds are deposited into a buydown custodial account to temporarily reduce the interest rate, as well as the effective monthly mortgage payment, for […]

Overview Due to severe winter storms, straight-line winds, flooding, landslides and mudslides in California, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: February 21, 2023 and Continuing State FEMA Disaster Declaration Counties California 4/4/2023 Butte, Kern, Madera, Mariposa, Mendocino, Mono, Monterey, Nevada, San Benito, San Bernardino, San […]

Overview The offices of Carrington Mortgage Services, LLC (CMS) including the Lock Desk will be closed Tuesday, July 4, 2023 for Independence Day, which is a Federal Holiday. Normal lock hours will resume on Wednesday, July 5, 2023. Additionally, CMS offices, including the Lock Desk, will be closed on Monday, July 3, 2023 for a […]

Overview Due to severe winter storms, straight-line winds, flooding, landslides and mudslides in California, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: February 21, 2023 and Continuing State FEMA Disaster Declaration Counties California 4/4/2023 Butte, Kern, Madera, Mariposa, Mendocino, Mono, Monterey, San Benito, San Bernardino, San Luis […]

Overview Effective Monday, June 19, 2023, Carrington Mortgage Services, LLC (CLS) will introduce the following changes for the Non-QM Loan Programs: Add new 40-Year Fixed Rate options for Full Doc, 12 / 24-Month Bank Statements, and Texas Home Equity loans for the Prime Advantage, Flexible Advantage Plus, and Flexible Advantage programs Add new 40-Year Fixed […]

Overview The offices of Carrington Mortgage Services, LLC (CMS) including the Lock Desk will be closed on Monday, June 19, 2023 for Juneteenth National Independence Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, June 20, 2023. Rate locks that expire on the holiday will automatically roll to the next business […]

Overview Due to severe winter storms, straight-line winds, flooding, landslides and mudslides in California, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: February 21, 2023 and Continuing State FEMA Disaster Declaration Counties California 4/4/2023 Butte, Kern, Madera, Mariposa, Mendocino, Mono, Monterey, San Benito, San Bernardino, Santa Cruz, […]

Overview The offices of Carrington Mortgage Services, LLC (CMS) including the Lock Desk will be closed on Monday, May 29, 2023 for Memorial Day, which is a Federal Holiday.  Normal lock hours will resume on Tuesday, May 30, 2023. Additionally, the Lock Desk will close early on Friday, May 26, 2023 at 11:00 A.M. PST […]

Overview Due to severe storms, straight-line winds, tornadoes and flooding in Oklahoma, FEMA has declared the following counties a disaster. Incident Period: May 19, 2024 - May 28, 2024 State FEMA Disaster Declaration Counties Oklahoma 06/14/2024 Blaine, Caddo, Custer, Delaware, Jackson, Mayes, Muskogee and Rogers Re-Inspection by Product Type If your loan is … A […]

Overview The London Interbank Offered Rate (LIBOR) is being discontinued as an approved index for adjustable interest rate mortgages (ARMs), and will be replaced with the Secured Overnight Financing Rate (SOFR) as an approved index for ARM loans. In anticipation of the transition, effective May 8, 2023, Carrington Mortgage Services, LLC (CMS) will implement the […]