Latest News Category: Bulletin

Bulletin W1293 - Lock Desk Closed due to East Coast Storm Lock Desk closed for all new lock activity due to the East Coast storm, Hurricane Sandy. Extensions and relocks will be processed as normal, via email to lockdesk@carringtonms.com Capital Markets will continue to monitor the situation and provide updates once more information is available […]

Bulletin W1292 - Data Trac EDM Label Update The attached is a bulletin regarding new Data Trac EDM labels for: Resident Alien Card VISA Social Security Card The label Identity Verification Document has been removed. Download: Bulletin - #W1292 (PDF)

This bulletin is a reminder that Fannie Mae will implement DU Version 9.0 the weekend of October 20-21.  The conforming matrices and guidelines have been updated to align with the changes in the version update. Guidelines will apply to all new loan casefiles submitted to DU on or after the weekend of October 20, 2012 […]

Bulletin W1299 - DU Refi Plus Program Updates This bulletin highlights upcoming changes to the DU Refi Plus program. Changes are effective with loans Registered or Submitted on Friday, October 19, 2012 Maximum LTV has been reduced to 95 % (from 105%) Program is no longer available for 2-4 Unit PUDS Properties in Texas will […]

During the weekend of October 20, 2012, Fannie Mae will implement DU Version 9.0 The changes included in this release will apply to new loan casefiles submitted to DU on or after the weekend of October 20, 2012 Loan casefiles created in DU Version 8.3 and resubmitted after the weekend of October 20 will continue […]

This bulletin is an announcement regarding updates to the FHA Streamline program that are effective Friday, October 12, 2012. 3-4 unit properties are no longer eligible for the FHA Streamline program 3-4 unit properties that are currently in process, the following applies: Full appraisal required The property must have a positive cash flow, full income […]

This bulletin introduces a new format for communications.  Policy, Product and Training announcements will be sent to all distribution lists impacted by the communication Announcements will be color coded to help quickly identify the type of bulletin The color coding will also be displayed in the body of the email Announcements will include a contact/resource […]

Product Overview Min FICO 700 - Max loan amount of $1M -Purchases, rate & term refi, and cash out refi Min FICO 720 - Max loan amount of $2M - Purchases and rate & term refi LTV 80%; Max Ratios 45% 0x30 last 12 months; 0x60+ last 24 months Minimum cash - 5% from borrower's own funds […]

This bulletin discusses the recent FEMA declaration for Ferry and Okanogan counties in Washington state due to the severe storm, straight-line winds and flooding. Download: Bulletin - #W1287 (PDF)

This bulletin discusses the upcoming Federal Holiday, Columbus Day which is Monday October 8, 2012. CMS is open, however the Lock Desk is closed No locks, extensions or relocks will be accepted on Monday October 8, 2012 Capital Markets will be available for customer service issues only Normal lock desk hours will resume on Tuesday, […]