Latest News Category: News

Executive Vice President Rick Sharga discuss the impact of rising interest rates on the housing market. Watch the latest video at foxbusiness.com View on FoxBusiness.com.

Per Diem Interest on FHA Streamline and VA IRRRL Loans, Effective March 1st, 2018 Effective March 1, 2018, Carrington Mortgage Services, LLC (CMS) will no longer offer an interest credit to cover the per diem interest on FHA Streamline and VA IRRRL loans. New Streamline/IRRRL submissions received on or after March 1, 2018 will no […]

Carrington Mortgage Services, LLC requires survey coverage in Florida, Ohio, New Mexico, New York and Texas for all loan transactions with the exception of condominium transactions. Effective for all new loan submission on and after February 23, 2018, Survey fees must be added to all loans from these five states. Contact your Account Executive or […]

The Lock Desk will be closed on Monday, February 19, 2018 for Presidents Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, February 20, 2018. Locks that expire on the holiday will automatically roll to the next business day. In addition, there are some important disclosure considerations associated with the holiday: […]

Bank statements now acceptable in place of IRS Tax documents for Carrington’s Non-Prime Loans. PURCHASE & REFINANCELOAN DETAILS UP TO $1.5 MILLION FICO DOWN TO 500 | 70% LTV UP TO $500K CASH-OUT FICO DOWN TO 500 | 70% LTV UP TO $1 MILLION INVESTMENT PROPERTIES FICO DOWN TO 620 | 75% LTV UP TO […]

Expand Your Pipeline with Non-Prime Loan Products Purchase, refinance and cash-out available Give your business the boost it needs by adding Non-Agency loans to your product offerings. NON-PRIME LOAN PROGRAM HIGHLIGHTS* Primary and second homes Purchase, refinance and cash-out loans available Loan amounts up to $1.5 million Minimum credit score of 500 (75% LTV) Maximum […]

The Lock Desk at Carrington Mortgage Services, LLC (CMS) will be closed on Monday, January 15, 2018 for Martin Luther King Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, January 16, 2018. Locks that expire on the holiday will automatically roll to the next business day.  In addition, there are […]

During the holiday season Carrington Mortgage Services, LLC (CMS) will observe the following schedule: Friday, December 22, 2017 – MLD open regular business hours Monday, December 25, 2017 – Closed for the Christmas holiday Monday, January 1, 2018 – Closed for New Year’s Day holiday The Lock Desk will be closed December 25, 2017 and […]

Effective December 4, 2017, Carrington Mortgage Services will no longer accept broker-disclosed submissions that do not include the $399 underwriting fee ($99 in North Carolina) on their initial Loan Estimate. New Jersey loans are exempted, as the lender is not permitted to charge an Underwriting Fee. If the loan was pre-locked with the Underwriting Fee […]

Overview The Lock Desk at Carrington Mortgage Services, LLC (CMS) will be closed Thursday, November 23, 2017 and Friday, November 24, 2017 in observance of Thanksgiving, which is a federal holiday. Due to the holiday, the Lock Desk will be closing early on Wednesday, November 22, 2017 at 11:00 AM PST (early market closure of […]