Latest News Category: Bulletin

Topic included in Bulletin W13-116: Loans originated in Illinois and specifically, Cook, Kane, Peoria and Will counties require a Certificate of Compliance to be compliant with the Illinois Anti-Predatory regulations The Loan Originator must be registered to do business in Illinois and registered with the Illinois Ant-Predatory Database Loan Officer must within 10 days after […]

Topic included in Bulletin W13-115: Delaware added as an approved state, effective Monday, September 16, 2013 The following systems will be updated with this addition prior to Monday, September 16, 2013: Data Trac Encompass Pipeline Manager DocuTech Comergence Pricing Engine Please see the state guide for additional information, which is posted on the Intranet Download: […]

As of September 16, 2013, Carrington Mortgage Services, Wholesale Lending Division will be originating loans in The State of Delaware.  Ask your local Account Executive for details.

Topic included in Bulletin W13-114: Jumbo Preferred matrix has been updated Changes include: Co-Signed Loans (added category) Alimony/Child Support/Maintenance (added category) Minimum Payment (update) The Intranet and website have been updated Updates are effective immediately. Download: Bulletin - W13-114 (PDF)

Topic included in Bulletin W13-113: To minimize the number of phone calls to verify employment in a short period of time, the Verbal Verification of Employment Process has been updated The Account Manager will continue to complete the Verbal Verification of Employment (VVOE) and: If the Note date is >5 business days at the time […]

Topic included in Bulletin W13-112: Jumbo Preferred matrix has been updated Changes include: Co-Signed Loans (added category) Alimony/Child Support/Maintenance (added category) Minimum Payment (update) The Intranet and website have been updated Updates are effective immediately. Download: Bulletin - W13-112 (PDF)

Topic included in Bulletin W13-111: Virginia has updated a statue which streamlines the subordination process. Bulletin outlines the rules for the streamline process DocuTech is in the process of being updated, until this is completed please contact the Compliance Department for assistance Download: Bulletin - W13-111 (PDF)

Topic included in Bulletin W13-110: Reminder, Bill, H.R.933 – Consolidated and Further Continuing Appropriations Act 2013, which was signed by the President on March 26, 12013, extends the eligible rural areas that were in effect as of September 30, 2012 until September 30, 2013. Barring any Congressional actions, implementation of the 2013 Census Data is […]

Topic included in Bulletin W13-109: CMS adds the Freddie Mac Relief Refinance Open Access program to product offerings Highlights of the program include: 30,20 and 15 Year Fixed Rate Primary Residence, 1-4 Units, Conforming and Super Conforming loan limits, 135% LTV/CLTV with 660 credit score Primary Residence, 1-4 Units, Conforming and Super Conforming loan limits, […]

Topic included in Bulletin W13-107: Reminder, FHA has provided guidelines for borrowers returning to work after an Economic Event Effective with Case Numbers assigned on and after August 15, 2013 Definition of an Economic Event To align ourselves with FHA, CMS has updated the FHA Standard and High Balance Matrix and the FHA Lending Guide […]