Latest News Category: News

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 […]

Congratulations to the team at Carrington Mortgage Services for being recognized as one of the top mortgage employers by NMP Magazine.

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" […]