Latest News Category: News

Last Week in Review: Eurodrama drives "safe-haven" trade. The long-awaited Brexit agreement was dealt a big blow this past Thursday when two top Brexit officials and four Jr Ministers quit - citing the deal Prime Minister Theresa May reached with the EU was no good. What does it mean for housing? The U.S. Dollar, U.S. Bonds […]

New Program Gives Originators a Distinct Advantage in the Market ANAHEIM, Calif. (Nov. 19, 2018) — Carrington Mortgage Services, LLC (CMS), one of the nation’s largest privately held non-bank lenders, today announced the launch of its Correspondent Lending Division. The addition of the Correspondent channel complements CMS’s full portfolio of loan origination channels, which includes […]

The Carrington Mortgage Services, LLC - Wholesale Lending Division Offices and Lock Desk will be closed Thursday, November 22, 2018 and Friday, November 23, 2018 in observance of Thanksgiving, which is a federal holiday. Due to the holiday, the Lock Desk will be closing early on Wednesday, November 21, 2018 at 11:00 AM PST (early […]

Carrington will be exhibiting at NAMB National, December 8th-10th. Join us at Caesars Palace in Las Vegas, Nevada and stop by booth #906-907 to meet our knowledgeable Wholesale team. Find out how your go-to-lender for the toughest loans is also your one-stop shop to help pump up your pipeline with everything from Government to Conventional […]

Last Week in Review: Home loan rates modestly improve amidst rout in Stocks. Folks didn't receive that memo this past week as the threat of rising rates and some not-so-rosy outlooks from firms like Amazon definitely frightened investors, who fled from Stocks. All three major Stock indices - the Dow Jones, S&P 500 and Nasdaq […]

Last Week in Review:  Rates hit seven-year highs midweek on the heels of a confusing Fed message. Our Federal Reserve has a dual mandate - to maintain price stability (inflation) and maximum employment. They also have a 3rd "unstated" mandate, which is to maintain market calm. This past week, the Fed came up a bit […]

Last Week in Review: Rates were higher early in the week - but improved on the heels of a soft Consumer Inflation reading and rout in Stocks. When following the direction of interest rates, one only has to follow the direction of inflation. If inflation is moving higher, rates are going higher. The opposite is […]

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 […]

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 […]

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 […]