Latest News Category: Bulletin

Revisions have been made to the Data Trac Action Reason Codes, the revisions include: Two (2) new columns, HMDA Reportable and AA Notice which lists when they are required “Other Reasons” section has been updated and revised (see 080 through 087) Three (3) “new” Denial Codes have been added, 085,086 and 087 The Explanation of […]

We are happy to announce the addition of Kroll Factual Data as an approved credit vendor of CMS. Credentials will be sent to Operation Associates Friday, September 21, 2012 CMS Approved Credit Vendors: AcraNet CBC Innovis, Inc CIS, Consolidated Information Services CoreLogic Credit Plus Inc Equifax Mortgage Services Kroll Factual Data Download: Bulletin - #W1278 […]

This bulletin announces the updates to the Conventional Underwriting Manual and Conventional Conforming Matrix. Conventional Underwriting Manual Updates Added “Private Transfer Fees” guidelines to the Purchase section Added “Reaffirmed Debt/Bankruptcy Concerning Individual Mortgage Loans” guidelines to the Significant Derogatory Credit Section Revised sections pertaining to the conversion of a primary residence to a second home […]

This bulletin highlights the increase of the guarantee fee (g-fee) increases mandated by the Federal Housing Finance Agency (FHFA). Effective immediately new 45 and 60 day locks will have the new increased fee built into the base pricing On September 16, the 30 day pricing will reflect the new fee increase On October 1, the […]

This bulletin highlights updates to the FHA Streamline Program and HomePath. The FHA Streamline program has been amended: AVM required on all loans with FICO scores less than 640 Effective on loans submitted on and after Monday September 17, 2012 AVM will be ordered by Junior Underwriter early in the process and included in loan […]

Attached is a bulletin regarding the updated Underwriting Matrix which is posted to the Intranet. Underwriting Matrix posted to the Intranet at: http://carringtonhome.corp.int/Corporate%20Document%20Library/Underwriting%20Conditions%20Matrix.pdf Updates to: Florida Illinois Indiana New York North Carolina Download: Bulletin - #W1274 (PDF)

Attached is a bulletin which outlines the policy regarding the use of a Power Attorney in the loan process.  The policy can be found on the Intranet Addresses the following types of Power of Attorney: Military Durable Power of Attorney General Power of Attorney Special Power of Attorney Requirements of a Power of Attorney vary […]

Attached is a bulletin announcing the addition of the following credit vendors: CIS, Consolidated Information Services Credit Plus Inc Equifax Mortgage Services Credentials for Associates (Operations) will be sent by the credit vendor by Monday, September 10, 2012. The addition of Kroll Factual Data is anticipated within the next two weeks. Download: Bulletin - #W1267 […]

This bulletin outlines our requirements for properties affected by Hurricane Isaac. Download: Bulletin - #W1268 (PDF)

FEMA Disaster Declaration for New Mexico, California, Washington, Maryland, Wisconsin, District of Columbia and Virginia Download: Bulletin - #W1270 (PDF)