Latest News Category: News

Monday, February 20th is President’s Day. CMS Lending and the Lock Desk will be closed.  CMS will be open Tuesday, February 21stresuming normal operating hours from 8am to 4pm PST. Reminders: All lock extensions will need to be requested by Friday, February 17th, including those expiring on Monday, February 20th. Monday, February 20, 2012 cannot […]

As a result of the Temporary Payroll Tax Cut Continuation Act of 2011 passed by Congress and signed into law, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to increase loan guarantee fees. Carrington Mortgage Services will implement a change to our pricing structure for all Conforming Conventional (including High Balance […]

Monday, January 16, 2012 is the Federal Holiday, Martin Luther King Day.  Carrington Mortgage Services and the Lock Desk will be closed. Carrington Mortgage Services – Wholesale Lending will be open for business on Tuesday, January 17, 2012 and the Lock Desk will resume normal operation starting at 8:00 AM PST to 4:00 PM PST. […]

Carrington Wholesale Mortgage is now open for business in New Mexico, Illinois, Pennsylvania, and Virginia! Effective immediately, all of our loan programs and products are available for subject properties located in any of these states*. We are also currently looking for new Brokers in these states…if you’d like more information about becoming an approved Carrington […]

Carrington Wholesale Lending remains committed to providing you, our valued customers, with highly competitive pricing and a robust product set. Our FannieMae DU-Refi Plus products, for example, are available in both Fixed-rate and LIBOR ARM versions for not only Conforming loan amounts, but also High Balance loans designed to meet the needs of those areas […]

Christmas Day, 2011 and New Year's Day, 2012 are federal holidays and both fall on a Sunday. In observance of these holidays, CMS Wholesale Lending and the Lock Desk will be closed on Monday, December 26, 2011 and Monday, January 2, 2012. Pursuant to the CWL Lock Policy, all lock extensions need to be requested […]

Subject: Increased FHA High-Cost Loan Limits Now Available Date: 12/09/2011 In response to the changes prompted by the Consolidated and Further Continuing Appropriations Act of 2012 (which President Obama signed into law on November 18, 2011), HUD recently issued Mortgagee Letter #2011-39 announcing the acceptance of the return to the “higher” Conforming FHA loan limits […]

Effective for all Conventional loan applications dated December 1, 2011 and after, appraisal reports will need to be uploaded to the new Fannie Mae/Freddie Mac Uniform Collateral Data Portal (UCDP). At this time, appraisals used for Non-Conforming loans, as well as for Government loans, will not be required to be submitted to the UCDP. Overview […]

 LPMI Program Now Available!  Effective November 8, 2011, Conventional 30-year Conforming and High Balance Fixed-Rate loans with Lender-Paid Mortgage Insurance (LPMI) are available under product codes 2C30FLPMI and P2H30FLPMI, respectively. Pricing is now available on the rate sheets posted in the Loan Programs section of our website. When using the CASH system, please choose “99” form […]

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