Latest News Category: Bulletin

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 […]

Topic included in Bulletin W13-106: CMS is closed Monday, September 2, 2013 in observance of Labor Day, which is a Federal Holiday Due to the upcoming holiday the Lock Desk will be closing early on Friday, August 30, 2013 at 2:00 PM PST and will be closed on Monday, September 2, 2013 Normal Lock hours […]

On Monday, September 2, 2013, Carrington Mortgage Services will be closed in celebration of Labor Day. The Carrington lock desk will close on Friday, August 30, 2013, at 2 PM PST, be closed throughout the holiday weekend, and will resume normal hours again on Tuesday, September 3, 2013.

Bulletin W13-105 - Update, CMS Approved Credit Providers Topic included in Bulletin W13-105: Added Credit Information Providers: CBA Credit Information Systems Equidata, Inc NCO Credit One Source Credit Bureau Strategic Information Resources, Inc SARMA Credit Facts Services is no longer an approved credit provider All CMS approved credit providers are available for both Fannie Mae […]

Topic included in Bulletin W13-102: The following Policies and Procedures have been updated in July 2013: VAIRRRL AVM Ordering Process Appraisal Management Policy Hazard Insurance Policy Exception Request Policy Quality Control Suspense Policy MLD Travel & Expense Policy Bulletin notes each update for the Policy and or Procedure Updated Policies and Procedures published on the […]

Topic included in Bulletin W13-104: CMS announces the addition of the Jumbo Preferred program to our product offerings Highlights of the program include: Available for Purchase and Rate/Term Refinance transactions 30 and 15 Year Fixed Rate 5/1 and 7/1 ARMs available Maximum LTV/CLTV is 80%, subject to Market Classifications Minimum credit score of 720 DTI […]

Topic included in Bulletin W13-101: CMS announces the addition of the Jumbo Preferred program to our product offerings Highlights of the program include: Available for Purchase and Rate/Term Refinance transactions 30 and 15 Year Fixed Rate 5/1 and 7/1 ARMs available Maximum LTV/CLTV is 80%, subject to Market Classifications Minimum credit score of 720 DTI […]

Topic included in Bulletin W13-100: On August 15, 2013, FHA issued three Mortgagee Letters revising their stance on three credit topics: Mortgagee Letter 2013-24, Handling of Collections and Disputed Accounts Mortgagee Letter 2013-25, Collections and Disputed Accounts – TOTAL Mortgage Scorecard User Guide Mortgagee Letter 2013-26, Back to Work, Extenuating Circumstance for Economic Events Mortgagee […]

Topic included in Bulletin W13-097: Quality Control File Suspense Procedures published for MLD Procedure outlines how to manage files that have been suspended by the CMS Quality Control (QC) process Procedure provides the necessary steps to complete file suspense process Effective immediately Download: Bulletin - W13-097 (PDF)