Latest News Category: News

Spring Streamline Special Reduced Streamline LLPAs on FICO<600 Give your business the boost it needs by working with your go-to-lender for those tough loans, including Streamlines! We’ve reduced LLPAs on FHA Streamlines and VA IRRRLs for FICO < 600. That means an even bigger reason to stop turning away clients who may have low FICO […]

  Carrington Mortgage Services, LLC (CMS) is pleased to announce the following Underwriting Guideline changes effective March 1, 2017. Government Loan Programs CMS FHA Guideline Overlays Guideline Updates Minimum 550 FICO , CMS to CMS serviced loans minimum 500 FICO for Government streamlines Removed overlay. No minimum FICO required for all Govt Streamlines (FHA Streamline, VA […]

The Lock Desk will be closed on Monday, February 20, 2017 for Presidents Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, February 21, 2017. 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: […]

We want to send a big thank you to everyone who participated in the Road to Houston sweepstakes and helped make it a great success. And a special congratulations to Joseph G. of Hesperia California! Joseph and a guest have won tickets and travel to Super Bowl LI at NRG Stadium in Houston Texas. We hope […]

The Lock Desk will be closed on Monday, January 16, 2017 for Martin Luther King Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, January 17, 2017. Locks that expire on the holiday will automatically roll to the next business day. In addition there are some important disclosure considerations associated with […]

During the holiday season Carrington Mortgage Services, LLC (CMS) will observe the following schedule: Friday, December 23, 2016 – MLD open regular business hours Monday, December 26, 2016 – Closed for the Christmas holiday Monday, January 2, 2017 – Closed for New Year’s Day holiday The Lock Desk will be closed December 26, 2016 and […]

The Lock Desk at Carrington Mortgage Services, LLC (CMS) will be closed Thursday, November 24, 2016 and Friday, November 25, 2016 in observance of Thanksgiving, which is a federal holiday. Due to the holiday, the Lock Desk will be closing early on Wednesday, November 23, 2016 at 2:00 PM PST. Normal Lock Desk hours will […]

The Lock Desk at Carrington Mortgage Services, LLC (CMS) will be closed Friday, November 11, 2016 in observance of Veteran’s Day, which is a Federal Holiday.  Normal Lock Desk hours will resume on Monday, November 14, 2016. Locks that expire on the holiday will automatically roll to the next business day.  In addition, there are […]

The Lock Desk at Carrington Mortgage Services, LLC (CMS) will be closed Monday, October 10, 2016 in observance of Columbus Day, which is a Federal Holiday. Normal Lock Desk hours will resume on Tuesday, October 11, 2016. Carrington Mortgage Services (CMS) offices will be open normal business hours on Monday, October 10th, 2016. Locks that […]

HUD recently revised the Addendum to Uniform Residential Loan Application (Form HUD 92900-A).  These revisions were made to provide further clarity to loan level certifications on the Addendum form. Borrower Certification On the new 92900-A, FHA borrowers must certify their occupancy at item #25-2.  Please make sure this is completed by the borrowers on the […]