Latest News Category: News

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 […]

Last Week in Review: Home sales slumped in June while second quarter economic growth soared. Existing Home Sales declined for the third straight month in June, falling 0.6 percent from May to an annual rate of 5.38 million units, the National Association of REALTORS® reported. Declines in the West and South outpaced gains in the […]

Last Week in Review: June saw Housing Starts slump and Retail Sales jump. U.S. homebuilders broke ground on fewer homes than expected in June, due in part to higher costs for lumber, lack of available land and a shortage of construction workers. June Housing Starts fell 12.3 percent from May to an annual rate of […]

Last Week in Review: Annual inflation ticked up while small business optimism neared record highs. The Consumer Price Index (CPI) rose 2.9 percent in the 12 months ending in June, up slightly from the 2.8 percent annual reading in May. This was the largest annual increase since the year ending in February 2012, and it […]

25 bps to 100 bps Pricing Improvement  Effective immediately, Carrington Mortgage Services, LLC - Wholesale Lending Division has improved pricing on our Flexible Advantage programs (non-prime/near prime) : Full Doc Loans 12 Month Bank Statement Advantage 24 Month Bank Statement Advantage Program Enhancements  Max Loan Amount increased to $2 Million Maximum Cash out Increased to […]

Last Week in Review: The Jobs Report for June was better than expected. The holiday-shortened trading week saw market volatility due to global trade issues. Non-Farm Payrolls rose by 213,000 new jobs in June, above the 195,000 expected, the Bureau of Labor Statistics reported. The figures for April and May were also revised higher by […]

Last Week in Review: Sales of new homes rose in May while annual inflation readings edged higher. First quarter GDP disappointed. Sales of new homes rose 6.7 percent from April to an annual rate of 689,000, the Commerce Department reported. However, April's sales figure was revised lower to 646,000 from the original reading of 662,000. […]

The Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed on Wednesday, July 4, 2018, for Independence Day, which is a Federal Holiday. In addition, the lock desk will close early (10:00 AM PST) on Tuesday, July 3, 2018. Normal lock hours will resume on Thursday, July 5, 2018. Locks that expire on the […]

Last Week in Review: Existing Home Sales fell in May. Housing Starts signaled potential hope for would-be buyers. May Existing Home Sales fell 0.4 percent from April to an annual rate of 5.43 million units, the National Association of REALTORS® reported. From May 2017 to May 2018, Existing Home Sales were down 3 percent. While […]

Coming to Sacramento July 12th! Elevate your performance as a Loan Originator in the Sacramento area with the information and tools provided by attending this free event. Gain new insights into your local market and national trends. Get ahead of your competition by leveraging this information to elevate your performance and better serve customers in […]