Latest News Category: News

Last Week in Review: Retail Sales were on the rise while inflation showed some warming signs. The Fed also hiked its benchmark rate. The Commerce Department reported that Retail Sales jumped 0.8 percent from April to May, well above the 0.4 percent expected. From May 2017 to May 2018, Retail Sales were up 5.9 percent. […]

Last Week in Review: Home prices continue to rise while geopolitical and trade war uncertainty eased. Research firm CoreLogic reported that home prices, including distressed sales, rose 6.9 percent from April 2017 to April 2018, while there was a 1.2 percent gain from March to April of this year. Looking ahead, CoreLogic forecasts a 5.3 percent […]

Carrington Mortgage Services, LLC (CMS) is pleased to announce that effective Tuesday, June 5, 2018, Brokers may submit loans using Lender Paid Compensation for the Near-Prime and Non-Prime products. Refer to the CMS Rate Sheets for the latest pricing. Please note: For all transactions where the Broker selects the Lender Paid Compensation option, the submission […]

Last Week in Review: Geopolitical headlines moved the markets. May job growth beat expectations. The Bureau of Labor Statistics reported that Non-Farm Payrolls rose 223,000 in May, above expectations and up from 159,000 in April. April and March were revised for an increased total of 15,000 more jobs than previously reported. May Average Hourly Earnings […]

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Effective May 30, 2018, Carrington Mortgage Services, LLC (CMS) will offer improved loan level pricing for the Near-Prime and Non-Prime Loan programs. The matrices below list the amounts of the applicable Loan Level Price Adjustment improvements by FICO and LTV. Refer to the CMS Rate Sheets for the latest pricing. Near Prime Non-Prime [btn link="https://carringtonhomeloans.com/drop-in/CMSWholesaleRates.pdf" […]

Last Week in Review: Housing Starts stall in April, while registers were ringing at retailers. Retail Sales rose 0.3 percent from March to April, the Commerce Department reported, with sales highest at furniture stores, clothing stores and gasoline stations. On a year-over-year basis, Retail Sales jumped a solid 4.7 percent. The Retail Sales report is […]

The Lock Desk will be closed on Monday, May 28, 2018 for Memorial Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, May 29, 2018. Additionally, the Lock Desk will close early on Friday, May 25, 2018 at 10:00 A.M. PST due to the early close of the financial markets. Locks […]

Last Week in Review: Consumer and wholesale inflation were tame in April, while geopolitical events also made headlines. The Consumer Price Index (CPI) rose 0.2 percent in April, just below expectations, the Bureau of Labor Statistics reported. This was down from the 2018 high of 0.5 percent recorded in January. The numbers revealed an uptick […]

Last Week in Review: The April Jobs Report disappointed while inflation ticked up in March. Plus, the Fed met. The Jobs Report for April was a bit of a disappointment, as job creation rose from March but came in below expectations. There were 164,000 new jobs added in April, below the 190,000 expected, the Bureau […]