Latest News Category: Bulletin

The Lock Desk will be closed on Monday and Tuesday, July 3rd & 4th, 2017 for the 4th of July Holiday. Normal lock hours will resume on Wednesday, July 5, 2017. The Lock Desk will close at its usual time (4 pm PT) on Friday, June 30th. Locks that expire on the holiday will automatically […]

Reduced Streamline LLPAs on FICO<600 Give your business the boost it needs by working with your go-to-lender for those tough loans, including Streamlines! We’ve reduced LLPAs on FHA Streamlines and VA IRRRLs for FICO < 600. That means an even bigger reason to stop turning away clients who may have low FICO scores. PROGRAM HIGHLIGHTS FHA STREAMLINE No […]

The Lock Desk will be closed on Monday, May 29, 2017 for Memorial Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, May 30, 2017. Additionally, the Lock Desk will close early on Friday, May 26, 2017 at 10:00 A.M. PT due to the early close of the financial markets. Locks […]

Reduced Streamline LLPAs on FICO<600 Give your business the boost it needs by working with your go-to-lender for those tough loans, including Streamlines! We’ve reduced LLPAs on FHA Streamlines and VA IRRRLs for FICO < 600. That means an even bigger reason to stop turning away clients who may have low FICO scores. PROGRAM HIGHLIGHTS […]

In observance of Good Friday, the Lock Desk hours on Thursday, April 13th, 2017 will be 7:30 a.m. PT to 12:00 p.m. PT. The Lock Desk will be closed Friday, April 14th, 2017. Normal lock desk hours will resume on Monday, April 17th, 2017 Issues related to locks should be sent via email to lockdesk@carringtonms.com.

Spring Streamline Special Reduced Streamline LLPAs on FICO<600 Give your business the boost it needs by working with your go-to-lender for those tough loans, including Streamlines! We’ve reduced LLPAs on FHA Streamlines and VA IRRRLs for FICO < 600. That means an even bigger reason to stop turning away clients who may have low FICO […]

  Carrington Mortgage Services, LLC (CMS) is pleased to announce the following Underwriting Guideline changes effective March 1, 2017. Government Loan Programs CMS FHA Guideline Overlays Guideline Updates Minimum 550 FICO , CMS to CMS serviced loans minimum 500 FICO for Government streamlines Removed overlay. No minimum FICO required for all Govt Streamlines (FHA Streamline, VA […]

The Lock Desk will be closed on Monday, February 20, 2017 for Presidents Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, February 21, 2017. Locks that expire on the holiday will automatically roll to the next business day. In addition there are some important disclosure considerations associated with the holiday: […]

The Lock Desk will be closed on Monday, January 16, 2017 for Martin Luther King Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, January 17, 2017. Locks that expire on the holiday will automatically roll to the next business day. In addition there are some important disclosure considerations associated with […]

During the holiday season Carrington Mortgage Services, LLC (CMS) will observe the following schedule: Friday, December 23, 2016 – MLD open regular business hours Monday, December 26, 2016 – Closed for the Christmas holiday Monday, January 2, 2017 – Closed for New Year’s Day holiday The Lock Desk will be closed December 26, 2016 and […]