Latest News Category: News

Last Week in Review: Uncertainty helping rates The ongoing and unresolved US/China trade turmoil is the biggest story to follow right now. The uncertainty and negative headlines associated with the negotiations have pushed Stocks lower for most of May, with Bonds and home loan rates being the beneficiary. We would like to think that the talks over […]

Overview The Lock Desk will be closed on Monday, May 27, 2019 for Memorial Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, May 28, 2019. Additionally, the Lock Desk will close early on Friday, May 24, 2019 at 10:00 A.M. PST due to the early close of the financial markets. […]

Last Week in Review: US/China uncertainty The biggest story in the financial markets and around the globe is the ongoing US/China trade negotiations. At the moment, there is no resolution and it appears there will be no resolution for at least several weeks as the US and China are not expected to talk again until the G-20 Summit June […]

Last Week in Review: Americans favor owning Americans Favor Owning Versus Renting a Home The Census Bureau recently reported a homeownership rate of 64.2% in the first quarter of 2019, up from the 10-year low of 63.7% in the first quarter of 2015. A recent study by LendingTree shows that 67% of homeowners surveyed aged […]

Last Week in Review: Is low inflation finally "transitory"? Transitory = non-permanent or lasting a very short time "Transitory" is the word Fed Chairman Jerome Powell used this week at the Fed Meeting to describe the current low inflation environment, meaning that inflation will likely pickup from this “temporary” low level. The problem? Inflation has been […]

Last Week in Review: The US economy remains "durable" Good news is typically bad news for Bonds and home loan rates. That has not been the trend of late, and certainly not this past week. Durable Goods Orders is a report which shows buying demand for products with a life cycle beyond 4 years -- think […]

Join us to learn why FHA Manual UW is even more important after recent DU TOTAL Scorecard Updates. During this webinar we will cover: What factors in the file can trigger a downgrade to Manual Underwrite What Non-Traditional Credit options are available for borrowers without a credit score What are Compensating Factors, and how can […]

In an effort to better serve our broker partners, Carrington Mortgage has created a Marketing Resouces center in brokerIQ for approved brokers. The materials available include flyers in PDF format that are customizable with your name, logo, contact information and disclaimers. The flyers can be printed and/or emailed to your prospective borrowers. Please browse the page […]

Last Week in Review: Good times continue Initial Jobless Claims is a weekly report that tracks how many people have filed for unemployment benefits. It is both a solid gauge on the state of the labor market and economy, and a leading indicator on what to expect in the months ahead. So, what are Initial Jobless […]

Overview In observance of Good Friday, the Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed Friday, April 19, 2019. Normal Lock Desk hours will resume on Monday, April 22, 2019. As a reminder, pursuant to the Lock Policy all lock extensions must be requested prior to expiration. If a lock expires on Friday, […]