Latest News Category: News

Notice to our broker community.  Carrington Mortgage Services' partner in broker signup, approval, and recertification has closed their services via their site starting Friday, 3/15 through Sunday 3/17 and will resume operations Monday, 3/18 during normal business hours. If you require assistance, please contact your Account Executive for more information.

Shorter processing times offer brokers and borrowers a competitive advantage in today’s tight market MARCH 12, 2013 – SANTA ANA, CA -- The Wholesale Lending Division of Carrington Mortgage Services, LLC (Carrington) today announced a new program offering 30-day loan closings for borrowers looking to purchase properties. Designed to significantly reduce closing times compared to industry averages, […]

Carrington Mortgage Services has expanded  guidelines on specific loan programs to help you increase your business and serve more customers. Pipeline Manager will be updated on Monday, February 26th.   To take advantage of these changes and lock under the new guidelines – contact our lock desk. FHA Loan Programs, Conventional and High Balance Loan Amounts […]

Carrington Mortgage Services, LLC (CMS) is closed Monday, January 21, 2013 for Martin Luther King Day, which is a Federal Holiday. The Lock Desk will be closed on Monday and normal lock hours will resume on Tuesday, January 22, 2013. As a reminder, pursuant to the Lock Policy all lock extensions need to be requested […]

January 8, 2013 – SANTA ANA, CA – The lending division of Carrington Mortgage Services, LLC (Carrington) today announced the opening of two operations centers dedicated to serving the East Coast from both the retail and wholesale lending perspective. The new facilities located in Fishers, IN and Enfield, CT will provide expanded underwriting and processing […]

Carrington Mortgage Services is closed Monday and Tuesday, December 24 and December 25, 2012 for the Christmas holiday and Tuesday January 1, 2013 for New Year’s Day.  December 25, 2012 and January 1, 2013 are Federal holidays. The Lock Desk will be closing early on Monday, December 31, 2012 at 11:00 AM PST.   Normal lock […]

Carrington Mortgage Holdings EVP Corporate Communications, Rick Sharga, was featured on Yahoo Finance’s Daily Ticker. This video interview covered the current housing recovery, shadow inventory, and the role of investors in the market. You can find the interview and video here: http://finance.yahoo.com/blogs/daily-ticker/housing-conflicting-factors-sustainable-recovery-172931334.html

Effective Friday, October 12, 2012, 3-4 Unit Properties are no longer eligible for the FHA Streamline program. For 3-4 unit FHA Streamline refinances that are currently in the pipeline the following applies: Full appraisal required The property must cash flow; full income documentation is required to verify cash flow of the subject property The property […]

Please review important changes to the FHA Streamline program. Starting Monday, September 17th, 2012: An AVM is required on all FHA Streamline loans with FICO scores less than 640. The AVM will be ordered by a Carrington Junior Underwriter early in the process and included in loan file at time of underwriting. The LTV of […]

The Federal Housing Finance Agency (FHFA) recently directed Fannie Mae and Freddie Mac to increase loan guarantee fees (g-fee) that are charged. As a result, Carrington Mortgage Services will implement a change to our pricing structure for all Conforming Conventional (including High Balance products) loans. Timing for implementation: Effective immediately, new 45 and 60 day […]