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Latest News Category: News

Funding has resumed in hurricane affected states.

On Friday, October 12, 2018, Carrington Mortgage Services, LLC (CMS) resumed normal operations under the Disaster Policy. CMS will authorize funding in all five states (Alabama, Florida, Georgia, North Carolina, and South Carolina) that were previously placed on hold. FEMA has declared the following counties in Florida for Individual Assistance. Incident Period: October 7, 2018 […]

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Counties affected by Hurricane Michael

Effective immediately, and until further notice, Carrington Mortgage Services, LLC (CMS) will temporarily suspend funding all loans with subject properties in the following Florida and Georgia counties: This suspension is due to the potential impact of Hurricane Michael that continues to be a major Category 3 storm which is expected to arrive at the Gulf […]

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August Housing Starts Rise

Last Week in Review: August brought mixed results on new home construction and sales of existing homes. August Housing Starts rose 9.2 percent from July to a seasonally adjusted annual rate of 1.282 million units, above the 1.229 million expected. Single-family starts, which make up the largest share of the residential housing market, were up […]

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Did Inflation Sizzle or Fizzle?

Last Week in Review: August Retail Sales rose at their smallest level in six months. Did inflation sizzle or fizzle? Retail Sales disappointed in August, up just 0.1 percent from July. However, July's figure was revised higher from 0.5 percent to 0.7 percent. Sales were led by non-store retailers and from receipts at gasoline stations, […]

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Rise in Non-Farm Payroll

Last Week in Review: Non-farm payrolls rose in August. So did home prices in July. U.S. employers hired 201,000 new workers in August, above the 187,000 expected, the Bureau of Labor Statistics reported. However, June and July were revised lower by a total of 50,000 jobs. Job gains have averaged 185,000 per month over the last 3 […]

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Home Sales Fall for the Fourth Straight Month in July

Last Week in Review: Existing Home Sales fell for the fourth straight month in July. New Home Sales declined on a monthly basis but improved annually. Existing Home Sales decreased 0.7 percent to a seasonally adjusted annual rate of 5.34 million in July from 5.38 million in June, the National Association of REALTORS® reported. This […]

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Housing Starts improved from June's nine-month low.

Last Week in Review: Retail Sales were stronger than expected in July. Housing Starts improved from June's nine-month low. July Housing Starts rebounded slightly from the steep decreases seen in June. Housing Starts grew to a seasonally adjusted annual rate of 1.168 million units, which was a 0.9 percent increase from June's downwardly revised estimate […]

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Did inflation heat up in July?

Last Week in Review: Home price gains were strong in June. Did inflation heat up in July? Research firm CoreLogic reported that home prices, including distressed sales, rose 6.8 percent from June 2017 to June 2018. Prices were up 0.7 percent from May to June. However, gains could slow over the next year if further […]

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Announcing The Carrington Investor Advantage Program

Overview Effective Thursday, August 9, 2018, Carrington Mortgage Services, LLC (CMS) will introduce the Investor Advantage Program. The Investor Advantage Program is well suited for Investors with some credit challenges and is convenient without the need for income documentation and traditional debt ratios to qualify.  The borrower only needs to have positive cash flow for […]

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Home Prices Continue to Rise

Last Week in Review: Job growth eased in July while annual inflation remained tame in June and home prices continued to rise. Non-Farm Payrolls rose by 157,000 new jobs in July, below the 190,000 expected, the Bureau of Labor Statistics reported. However, the figures for May and June were revised higher by a total of […]

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Equal Housing Opportunity An Equal Housing Opportunity Lender. Copyright 2007 - 2024 . Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines.  Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: www.nmlsconsumeraccess.com.

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Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00

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