Latest News Category: News

Last Week in Review: Complacency heading into spring Volatility has disappeared in the financial markets and a sense of calm and complacency has emerged. Why? Well thanks to the Fed, and inflation and higher rates not being a threat -- both Stocks and Bond prices are moving higher. For 2019, home loan rates have been stable […]

  Last Week in Review: Disinflation washes up on our shores If inflation moves lower or is expected to move lower -- rates must go lower as well. That's the situation right now. The financial markets and interest rates also follow inflation on a global scale. Why is this important to homeowners? If disinflation or the […]

On March 5, 2019, we asked our broker community about how much of their business is Non-QM. We're curious since there is so much talk in the broker and lending community about Non-QM right now and we wanted to see what you think the future will be. 316 people responded to our survey. Here are […]

Last Week in Review: U.S. Economy showing solid growth. This past week, the Bureau of Economic Analysis (BEA) reported the U.S. economy, as defined by Gross Domestic Product (GDP), grew at a 2.6% rate in the fourth quarter of 2018. Economists and the markets were expecting 2.0% to 2.3%, so this was a nice upside surprise. […]

Back by Popular Demand! Carrington Mortgage Services, Wholesale Lending Division is offering to waive the underwriting fee on ALL Non-QM* submissions in the month of March. Whether you submit 1 or 100 loans, the underwriting fee ($650 in most states) will be waived! Bonus: The Slamdunk Offer! In by 10 and out Same Day** For […]

Last Week in Review: Minutes Revealed The highlight of this past week was the Fed Minutes from the January Fed Meeting. The Minutes are a detailed record of the Fed's monetary policy setting meeting, so the markets gain insight into the psyche of the Fed as it relates to interest rates, the economy and more. What […]

Last Week in Review: Canary in the coalmine. The financial markets are sensing a government shutdown and protracted trade war with China will be averted. This is good news and a reason why Stocks have continued to push higher and home loan rates have capped for the past few weeks. But last Thursday, Retail Sales was […]

Overview The Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed on Monday, February 18, 2019 for Presidents Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, February 19, 2019. Locks that expire on the holiday will automatically roll to the next business day.  In addition, there are some important […]

Overview On December 17th, 2018, the Veteran’s Administration (VA) published an Interim Final Rule addressing VA guaranty requirements for cash-out refinance loans. The rule will be effective for loan applications taken on or after February 15th, 2019 and applies to all Full Doc refinance loan transactions (even if the existing loan is NOT a VA […]

Special February Promotion We have a sweetheart of a deal for you! Carrington Mortgage Services, Wholesale Lending Division is offering to waive the underwriting fee on ALL Non-QM* submissions in the month of February. Whether you submit 1 or 100 loans, the underwriting fee ($650 in most states) will be waived. In by 10 and […]