Latest News Category: News

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 […]

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, […]

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 […]

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 […]