Latest News Category: News

Last Week In Review: The Fed Spoke and Bonds Didn't Listen This past week the Federal Reserve issued their monetary policy statement, as well as new forecasts on the economy, inflation, and rates. Despite all the soft talk on inflation and seeming lack of concern on higher prices ahead, the bond market was not buying […]

The Last Week In Review: Two Big Things Moving The Market The volatility in the financial markets continued this past week, and at the end of it all, home loan rates were pretty much unchanged. Let's break down two big things moving the markets. More, More, More 1. This past Wednesday, Congress passed a whopping […]

Overview Effective March 8, 2021, Carrington Mortgage Services, LLC (CMS) is pleased to announce the following enhancements for the Prime Advantage and Investor Advantage loan programs. Pricing Improvements **Significant pricing improvements for Prime Advantage, CFA+, and Investor Advantage programs, including new “floor” rates! Prime Advantage Program Increased Loan-to-Values (see matrix for details) Cash Out now […]

Last Week in Review: The Fed, Inflation, and a Twist  Home loan rates improved modestly week-over-week as the U.S. bond market attempts to stabilize after a sharp increase in rates. Back on Thursday, February 25th, the 10-year yield hit 1.61% and has since declined back beneath 1.50%. This helped mortgage-backed securities (MBS), which drive home […]

Last Week In Review: Rates Go on Vacation Longer-term U.S. interest rates, including home loan rates, remain on the rise. The big story of the week is Fed Chair Jerome Powell on Capitol Hill to provide his real-time assessment of the economy and rates while attempting to "sell" the notion that higher inflation will not […]

Last Week in Review: Three Things to Know This Week Longer-term U.S. interest rates, including home loan rates, increased sharply this past week, touching pre-COVID levels. Let's break down the cause and effect as well as some other stories affecting housing. January Retail Sales Highlight Pent up Consumer Demand Retail Sales is a monthly report […]

The Redesigned URLA is Here At the first of the year, Fannie Mae and Freddie Mac rolled out the redesigned Uniform Residential Loan Application (URLA), along with new automated underwriting system (AUS) specifications for DU and LPA. Get the full rundown on the form updates, which aim to: Help lenders more easily capture relevant loan […]

The Redesigned URLA is Here At the first of the year, Fannie Mae and Freddie Mac rolled out the redesigned Uniform Residential Loan Application (URLA), along with new automated underwriting system (AUS) specifications for DU and LPA. Get the full rundown on the form updates, which aim to: Help lenders more easily capture relevant loan […]

Fall in LOVE with Full-Doc Pricing! If you’ve been trying to close customers who need a Full-Doc government loan, you're going to love this... Effective TODAY, we’ve made significant price improvements for VA and FHA full doc programs. Give us a call, we’d love to talk it over or login to see our rate sheet. […]

Last Week in Review: Three Things the Fed Said This past week, the Federal Reserve held their first meeting of 2021 and shared its thoughts on the economy, inflation, and interest rates. Below are three important takeaways for the mortgage/housing world and overall economy: 1. "In terms of tapering, it's just premature." Fed Chair Jerome […]