Latest News Category: Bulletin

Notice to our broker community.  Carrington Mortgage Services' partner in broker signup, approval, and recertification has closed their services via their site starting Friday, 3/15 through Sunday 3/17 and will resume operations Monday, 3/18 during normal business hours. If you require assistance, please contact your Account Executive for more information.

Topic included in Bulletin W13-022: Upcoming changes to the Mutual Mortgage Insurance Fund FHA is: Revising the period of assessing the annual MIP, Removing the exemption from the annual MIP for loans with terms of 15 years or less and LTV ratios of less than or equal to 78% at origination; and Increasing the annual […]

Topic included in Bulletin W13-019: Reminder, for payment questions, coupons, billing, impounds and general servicing questions, contact Customer Service at 800-561-4567 The Customer Service Department will be able to direct our customers to the appropriate Associate regarding their questions Download: Bulletin - W13-019 (PDF)

Topic included in Bulletin W13-018: Oklahoma has been added as an approved state for the Wholesale channel Effective Friday, March 1, 2013 The following systems are ready: Data Trac Pipeline Manager DocuTech Comergence Optimal Blue Oklahoma state guide can be found on the Intranet at Mortgage Services/Mortgage Lending/Policies and Procedures/State Guides Download: Bulletin - W13-018 […]

Topic included in Bulletin W13-017: Reminder, Account Executives need to have a current license in Florida and Kentucky when loans are submitted to CMS in these states Download: Bulletin - W13-017 (PDF)

Topic included in Bulletin W13-016: Pricing Engine has been updated with the guidelines for FHA, VA and DU Refi Plus Manual Locks and Price Quotes no longer necessary Download: Bulletin - W13-016 (PDF)

Topic included in Bulletin W13-015: CMS has made changes to the FHA and VA guidelines Changes are effective immediately The pricing engine will be updated with these changes by Monday, February 25, 2013 Loans being locked under the new guidelines will temporarily be manual locks Email the CMS Lock Desk for quotes and lock requests […]

Topic included in Bulletin W13-014: DU Refi Plus Matrix has been updated Updates effective immediately Updates include: Primary Residence, 1-2 units, Conforming and High Balance loan limits, 135% LTV/CLTV with 660 credit score Primary Residence, 1-2 units, Conforming and High balance loan limits, 105% LTV/CLTV with 620 credit score 50% DTI regardless of DU findings […]

Topic included in Bulletin W13-013: Property inspections are no longer required on FHA Streamline loans On Conventional and Government loans with appraisals, if the appraisal was completed prior to Hurricane Sandy and is less than 120 days at Note date, an inspection will be required. If the appraisal is greater than 120 days, a new […]

Bulletin W13-012 - Guideline Updates Topic included in Bulletin W13-012: Monday, February 18, 2013 is Presidents Day and is a Federal holiday A staff of volunteers will be working on Monday, however, the Lock Desk will be closed Normal Lock Desk hours will resume on Tuesday, February 19, 2013 Important disclosure date considerations An announcement […]