Company News

The new digital language platform helps bridge the communication gap between borrowers and lenders by displaying essential mortgage disclosures, documents and borrower communications in the customer’s language of choice.

ANAHEIM, Calif. (April 29, 2025) — Carrington Mortgage Services, LLC (CMS), one of the nation’s largest privately held non-bank lenders, boasts an impressive slate of loan offerings and services direct to consumers, investors, mortgage brokers and mortgage bankers nationwide. In its ongoing effort to help make homeownership simple and as stress-free as possible for customers, CMS’ mortgage lending group recently teamed up with Talk’uments, the first provider of interactive multilingual loan technology for the mortgage industry. The new digital language platform helps bridge the communication gap between borrowers and lenders by displaying essential mortgage disclosures, documents and borrower communications in the customer’s language of choice. This includes the five most common non-English languages spoken in the United States: Spanish, Chinese, Korean, Vietnamese and Tagalog – with more to come.

In addition to improved borrower understanding and engagement, Talk’uments will also lead to more seamless interactions for CMS retail lending, for which the technology platform was launched in April 2025. The digital tool will be beneficial to increase loan production for CMS’ brokers as well, and is scheduled to launch for CMS wholesale lending in May 2025. By creating a better customer experience with Talk’uments, CMS expects this will benefit both customers and borrowers as well as brokers.

“For many borrowers, the mortgage business is confusing enough,” said Samuel Bjelac, SVP, Third Party Origination for CMS. “Imagine how hard it is for someone to understand closing costs or loan estimates when English is their second language. This is a great tool that helps explain loan terms, costs and benefits in ways borrowers can easily understand.”

Talk’uments is also easy to set up. Borrowers simply log in to their account and adjust their preferences on their smartphone or on the website. They can do so when they receive their initial disclosures in a welcome email from Carrington, or later when it’s more convenient for them. This optional multilingual tool empowers customers to easily navigate the entire mortgage lifecycle on their own terms.

Seamlessly integrated into CMS’ loan origination system, Talk’uments provides borrowers with a personalized dashboard featuring translated application and closing documents, budgeting tools and real-time fee comparisons. The platform also includes videos, infographics, FAQs and charts that explain every stage of the mortgage process – from basic concepts like interest rates and closing costs to more advanced topics like credit management and how rates are determined. Borrowers can toggle between languages at any time, accessing both audio and visual content in the language they’re most comfortable with.

“People who aren’t in the mortgage business might not understand some of the processes,” said Jeremy Drang, SVP, Retail Lending for CMS. “Having Talk’uments explain a lot of the general background information for customers who want to understand exactly what it is they’re signing, and what they're getting into, is a big help. We are excited to offer Talk’uments to our customers.”

The Carrington Companies
Carrington is a holding company whose primary businesses include asset management, mortgages and real estate transactions. Collectively, the businesses are fully integrated, and provide a broad range of real estate services encompassing nearly all aspects of single-family residential real estate transactions in the United States. To read more visit: www.carringtonhc.com.

Through its collective associates made up of Carrington leaders and employees, the company’s nonprofit organization, Carrington Charitable Foundation, contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs it supports through specific fundraising efforts, please visit: carringtoncf.org.

Media Contact
Edward Pittman
214.533.6741
pr@carringtonmh.com

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Mortgage Applications Decrease in Latest MBA Weekly Survey
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Home Prices Expected To Rise As Spring Approaches
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Families Are Packing Generations Under One Roof To Save Money
Financial Advisor - 4/1/2025
A record 17% of home purchases last year were “multigenerational” properties, up from 11% in 2021 and the highest share in data going back to 2012, according to a report from the National Association of Realtors.

Debt Is Homebuyers’ Four-Letter Word
National Mortgage Professional - 4/1/2025
Carrying too much debt is delaying potential home buyers from achieving their aspirations for a median of three years, according to a new report from the National Association of Realtors.

Mortgage rates fell for the first time in three weeks to 6.65%; home-price growth accelerated slightly in January as buyers fought over tight supply; pending home sales improved by 2.0% in February; mortgage applications remain flat; monthly housing payments hit an all-time high of $2,807 during the four weeks ending March 23; and the spring housing market is starting to warm up as more homeowners put their properties up for sale and inventory levels continue to build.

Mortgage Rates Tick Down, Sending 30-Year Average To 6.65%
Financial Advisor - 3/27/2025
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Home-Price Gains Pick Up In January, Fueled By Tight Supply
Financial Advisor - 3/25/2025
Home-price growth in the U.S. accelerated slightly in January as buyers fought over a tight supply of listings on the market. A national gauge of prices rose 4.1% from a year earlier, according to data from S&P CoreLogic Case-Shiller.

February pending home sales up slightly from estimates
CNBC - 3/27/2025
CNBC’s Diana Olick joins ‘Squawk on the Street’ to report on the latest news regarding the housing market, including pending home sales improving by 2.0% in February according to the National Association of REALTORS.

Weekly Housing Trends View — Data for Week Ending March 22, 2025
Realtor.com - 3/27/2025
The spring housing market is starting to warm up, with more homeowners putting their properties up for sale and inventory levels continuing to build.

Mortgage Application Payments Remain Flat in February
Mortgage Bankers Association - 3/27/2025
Homebuyer affordability remained flat in February with the national median payment applied for by purchase applicants remaining unchanged at $2,205 in February.

Redfin Reports Monthly Housing Payments Hit All-Time High
Redfin - 3/27/2025
The typical U.S. homebuyer’s monthly housing payment hit an all-time high of $2,807 during the four weeks ending March 23, up 5.3% from a year earlier.

Consumers Are Placing Greater Value on Their Homes
MortgagePoint - 3/21/2025
With rising home prices and shifting priorities, a recent National Housing Survey from Fannie Mae reveals that consumers now value their homes in ways that go beyond financial investment.

Lower mortgage rates help push new-home sales higher
Mortgage Professional America - 3/25/2025
Single-family home sales jumped 1.8% to a seasonally adjusted annual rate of 676,000, according to data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau released Tuesday.

Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Bankers Association - 3/26/2025
Mortgage applications decreased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 21, 2025.

Half Of Renters Give Up On Buying
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Nearly half of all renters responding to a new survey said the roadblocks in their way of buying a house — high prices, high loan costs and a tight inventory of homes for sale — are just too great to overcome.

Sales of previously owned homes rose 4.2% in February; mortgage rates increased for the second week in a row to 6.67%; mortgage applications decreased 6.2% from one week earlier; home prices were flat year over year for the first time since October; loans in forbearance decreased slightly to 0.38%; and mortgage applications and home tours have increased, although home sales remain sluggish due to economic uncertainty from home buyers.

U.S. home sales rose in February as mortgage rates eased and more homes put up for sale
AP News - 3/20/2025
Sales of previously owned homes in February rose 4.2% from January to 4.26 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors.

Mortgage Rates Rise For A Second Week, Climbing To 6.67%
Financial Advisor - 3/20/2025
Mortgage rates in the U.S. increased for the second week in a row. The average for 30-year loans was 6.67%, up from 6.65% last week, Freddie Mac said in a statement.

Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Bankers Association - 3/19/2025
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Weekly Housing Trends View — Data for Week Ending March 15, 2025
Realtor.com - 3/20/2025
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Homebuying activity heats up as rates drop - but sales are stuck in neutral
Mortgage Professional America - 3/14/2025
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Share of Mortgage Loans in Forbearance Decreases Slightly to 0.38% in February
Mortgage Bankers Association - 3/17/2025
Despite February’s monthly decline of loans in forbearance, the estimated number of forbearances and loan workouts increased compared to one year ago.

Home Price Growth Slows Nationwide
National Mortgage Professional - 3/18/2025
National home price growth has decelerated to its slowest rate since March 2012, according to the February 2025 Home Price Index report by First American Data & Analytics.

Redfin Reports U.S. Home Prices Grew 0.4% in February, the Slowest Pace Since July
Redfin - 3/18/2025
Eight of the 50 most populous U.S. metros — including seven in Florida and Texas — recorded a drop in home prices year over year, led by Tampa (-6%).

Housing Starts Jumped 11.2 Percent in February But Homebuilder Sentiment Remains Low
MortgageOrb - 3/18/2025
Housing starts took a significant jump in February, surging 11.2% on an unadjusted basis compared with January to reach an annual rate 1.501 million, according to the U.S. Census Bureau.

Falling Mortgage Rates Could Jumpstart The Housing Market
National Mortgage Professional - 3/17/2025
With 1.04 million homes on the market in February — the highest inventory for this time of year since 2020 — buyers have more options than they’ve seen in years, according to Zillow's latest market report.

Refinance activity went up 16% this week, while purchase applications rose and rates declined for the sixth consecutive week; mortgage credit availability increased for the third consecutive month; new home purchase activity, in line with seasonal patterns, strengthened in February; and home prices and time on the market is near year ago levels, while overall inventory continues to climb.

Mortgage Applications Up As Rates Decline For Sixth Consecutive Week
Mortgage Professional America - 3/12/2025
Refinance activity jumps 16% while purchase applications rise, signaling momentum in the housing market.

Mortgage Credit Availability Increased in February
Mortgage Bankers Association - 3/11/2025
Mortgage credit availability in February increased for the third consecutive month to its highest level since March 2023.

February New Home Purchase Mortgage Applications Decreased 6.9 Percent
Mortgage Bankers Association - 3/13/2025
New home purchase activity strengthened in February, in line with seasonal patterns, as higher housing inventory and declining rates supported growth.

Weekly Housing Trends View — Data for Week Ending March 8, 2025
Realtor.com - 3/13/2025
Home prices and time on the market is near year ago levels, and overall inventory continues to climb. Prices are also the closest they have been to year-ago levels since November, narrowing the gap for the third week in a row.

Gen Z Poised To Buy Homes, But High Costs Test Limits
National Mortgage Professional - 3/11/2025
According to a new report from ServiceLink, 67% of Gen Z respondents plan to purchase a home in 2025, compared to 51% of millennials, 49% of Gen X and 22% of baby boomers.

Refinancing makes a comeback as mortgage lock volume rises in February
Scotsman Guide - 3/11/2025
Refinancing gained momentum in February as month-over-month mortgage lock volume increased by 7%, according to a report from Optimal Blue.

It Will Take 7 Years To Fix the Housing Shortage at Current Construction Pace, Economists Say
Realtor.com - 3/10/2025
Although the supply gap improved moderately in 2024, the country still fell 3.8 million units short of meeting demand relative to new household formations and pent-up demand, according to a report from Realtor.com.

How Rising Costs Affect Home Affordability
Eye On Housing - 3/10/2025
Housing affordability remains a critical issue, with 74.9% of U.S. households unable to afford a median-priced new home in 2025, according to NAHB’s latest analysis.

Consumer Housing Sentiment Declines For First Time Since 2023
National Mortgage Professional - 3/7/2025
For the first time in nearly two years, consumer housing sentiment year-over-year has taken a downward turn. Fannie Mae’s Home Purchase Sentiment Index dropped by 1.8 points in February, now sitting at 71.6.

The Typical U.S. Homeowner Stays Put For 11.8 Years. In Parts of California, It’s Closer to 20 Years.
Redfin - 3/12/2025
Redfin reports that the typical Los Angeles homeowner hangs onto their house for 19.4 years — longer than any U.S. metro, and the longest span on record for that area.

Mortgage applications increased 20.4% from one week earlier; interest rates fell to 6.63% this week, the largest weekly decline since September; construction costs could increase by 4% to 6% over the next 12 months due to tariffs; consumer credit delinquencies hit a five year high; more first-time buyers are entering the market; and home prices fell by the lowest margin since November last week.

Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Bankers Association - 3/5/2025
Mortgage applications increased 20.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 28, 2025.

Interest rates see the steepest drop since September
Scotsman Guide - 3/6/2025
Interest rates fell to 6.63% this week for a 30-year fixed rate mortgage, down 0.13% from the week before when rates averaged 6.76%, according to Freddie Mac. This is largest weekly decline since September.

Tariffs could drive up new home prices by as much as $22,000, research finds
CNBC - 3/5/2025
Construction costs could increase by 4% to 6% over the next 12 months, adding roughly $17,000 to $22,000 to the sticker prices for new homes, according to CoreLogic.

Weekly Housing Trends View — Data for Week Ending March 1, 2025
Realtor.com - 3/6/2025
This week, the housing market looked similar to last year in terms of prices and time on market, but inventory and price reductions continue to outpace year-ago levels. Prices also fell by the lowest margin since November last week.

Consumer Credit Delinquencies Hit Five-Year High
National Mortgage Professional - 2/28/2025
Mortgages were the primary driver of this increase, as elevated home prices and high interest rates continued to weigh on consumers’ ability to pay down mortgage debt.

More First-Time Buyers Coming Off the Sidelines
MortgagePoint - 3/5/2025
New data from LendingTree shows that among those active in the market last year, first-time buyers received a larger share of offers than those who already own.

Redfin Reports 1 in 7 Pending Home Sales Are Getting Canceled, the Highest Share During This Time of Year on Record
Redfin - 2/28/2025
Just over 41,000 U.S. home-purchase agreements fell through in January, equal to 14.3% of homes that went under contract that month, according to a new report from Redfin.

Redfin Reports Pending Home Sales Are Down 6%, But Falling Mortgage Rates Are Starting to Attract Buyers
Redfin - 3/6/2025
Pending U.S. home sales fell 6.4% from a year earlier during the four weeks ending March 2, the second-biggest decline since November 2023.

Here’s how tariffs will hit the U.S. housing market
CNBC - 3/4/2025
The new tariffs could increase builder costs anywhere from $7,500 to $10,000 per home, said Rob Dietz, chief economist at the National Association of Home Builders, citing estimates from U.S. homebuilders.

Good Signs For Homebuyers: More Supply, Lower Rates And More Purchasing Power 
The Mortgage Reports - 3/5/2025
Recent data from Redfin indicates a more promising environment for buyers in the weeks and months ahead, and several other industry experts agree.

Pending home sales dropped 4.6% from December, the lowest level on record; mortgage rates dropped for the sixth straight week to 6.76%; mortgage application payments increased 3.7%; home prices grew 3.9% in December from a year earlier; the housing market continues its shift toward a more balanced state, with prices remaining on a downward trend and new listings and active inventory continuing to rise; and despite the market slowdown, refinancing is up.

Pending home sales drop to the lowest level on record in January
CNBC - 2/27/2025
Pending sales, which are based on signed contracts for existing homes, dropped 4.6% from December to the lowest level since the National Association of Realtors began tracking this metric in 2001.

Mortgage Rates Slip To Lowest Since Middle Of December
Financial Advisor - 2/27/2025
Mortgage rates in the U.S. dropped for a sixth week, falling to the lowest level in more than two months. The average for 30-year loans was 6.76%, down from 6.85% last week, Freddie Mac said in a statement.

Mortgage Application Payments Increased 3.7 Percent to $2,205 in January
Mortgage Bankers Association - 2/27/2025
Homebuyer affordability conditions declined further in January as volatile mortgage rates and high home prices continue to impact many prospective buyers’ purchasing power.

Refinancing Up In Q4 Despite Broader U.S. Mortgage Slowdown
National Mortgage Professional - 2/27/2025
The U.S. mortgage market continued its volatile trajectory in the final quarter of 2024, with total lending activity slipping 3% from the previous quarter, according to a new report from ATTOM.

Weekly Housing Trends View — Data for Week Ending Feb. 22, 2025
Realtor.com - 2/27/2025
This week, the housing market continued its shift toward a more balanced state. Prices remain on a downward trend, while new listings and active inventory continue to rise.

Home Sales Prices Climb — and Reach All-Time Highs in One City
Realtor.com - 2/25/2025
Nationwide, home prices grew 3.9% in December from a year earlier, more than the 3.8% gain recorded in November, according to the latest S&P CoreLogic Case-Shiller Index data released Tuesday.

Home sales drop sharply as prices hit an all-time high for January
CNBC - 2/21/2025
Sales of previously owned homes fell 4.9% in January from the prior month to 4.08 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Analysts were expecting a 2.6% decline.

Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Bankers Association - 2/26/2025
Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 21, 2025.

New-Home Sales Drop Sharply as Prices for New Builds Jump to a 3-Year High
Realtor.com - 2/26/2025
Signed contracts for new single-family homes plunged 10.5% last month from December, to a seasonally adjusted annual pace of 657,000, the U.S. Census Bureau reported. The January sales figure was down 1.1% from a year earlier.

Fannie Mae raises 2025 mortgage rate forecast amid inflation concerns
Mortgage Professional America - 2/21/2025
The Fannie Mae Economic and Strategic Research Group revised its mortgage rate forecast upward, expecting rates to end 2025 at 6.6% and 2026 at 6.5%, reflecting persistent inflation risks and trade policy shifts.

The average 30-year fixed mortgage rate fell for the fourth straight week to 6.87%; applications to purchase newly constructed homes rebounded 19% from December; mortgage applications decreased 6.6% from one week earlier; the total value of the U.S. housing market grew 5.2% year over year; and the U.S. housing market tilted in favor of buyers for the first time this decade.

U.S. mortgage rates hit 2025 low after fourth straight weekly drop
Mortgage Professional America - 2/14/2025
Freddie Mac reported that the average 30-year fixed mortgage rate fell to 6.87%, a slight dip from 6.89% the previous week, hitting their lowest point of 2025 and offering a glimmer of hope for homebuyers and refinancers.

January New Home Purchase Mortgage Applications Decreased 6 Percent
Mortgage Bankers Association - 2/20/2025
Applications to purchase newly constructed homes rebounded 19 percent from December, but decreased from a year ago, the first annual decline in two years.

Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Bankers Association - 2/19/2025
Mortgage applications decreased 6.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 14, 2025.

U.S. Housing Market Gained $2.5 Trillion in Value in 2024
Redfin - 2/20/2025
In percentage terms, the total value of the U.S. housing market grew 5.2% year over year. That was the slowest growth in a calendar year since 2019 and the second-slowest since 2011.

It’s a Buyer’s Market. For Many Homebuyers, It Doesn’t Feel Like It
Redfin - 2/19/2025
The U.S. housing market has tilted in favor of buyers for the first time this decade, with 3.7 months of for-sale supply sitting on the market in January. That’s the most since February 2019 and up from 3.3 months a year ago.

Tariff Fears and Mortgage Rates Hurt Builder Sentiment as Single-Family Home Construction Slows
Realtor.com - 2/19/2025
Starts on single-family units, which account for the vast majority of all homebuilding, dropped 8.4% from December to a seasonally adjusted annual rate of 993,000, the U.S. Census Bureau reported Wednesday.

Weekly Housing Trends View — Data for Week Ending Feb. 15, 2025
Realtor.com - 2/20/2025
The market continues to move in the same direction since the new year. Prices are falling, new listings and active inventory are increasing and homes are spending more time on the for-sale market than they were in early 2024.

First American Predicts A Longer 'Housing Winter'
National Mortgage Professional - 2/18/2025
Home prices are now about 55% higher compared to pre-pandemic levels (February 2020), according to the First American Data & Analytics Home Price Index for the month of January.

Less Than One-Third of U.S. Home Purchases Were Made With Cash in 2024, a 3-Year Low
Redfin - 2/18/2025
Just under one-third (32.6%) of U.S. home purchases were made in cash in 2024, down from 35.1% the year before and the lowest share since 2021.

Why Is Flood Risk Surpassing Fire Risk in California?
CoreLogic - 2/18/2025
By 2050, more than one million homes in Los Angeles, San Diego and San Francisco with low flood risk will see their flood risk rise higher than their fire risk.

Mortgage applications increased 2.3% from one week earlier; shelter prices accelerated last month, rising 0.4% versus 0.3% in December; home prices rose in Q4 2024 as nearly 90% of metro areas saw gains; almost a quarter of all home listings saw a price cut in January; and the Mortgage Bankers Association’s Mortgage Credit Availability Index rose by 2.5% to 99.0 in January.

Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Bankers Association - 2/12/2025
Mortgage applications increased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 7, 2025.

U.S. inflation heats up to 3% for first time since June
CNN Business - 2/12/2025
Shelter prices accelerated last month, rising 0.4% versus 0.3% in December; however, those gains were driven by substantial increases in home insurance and lodging-away-from-home, categories that are typically volatile.

U.S. home prices keep rising as nearly 90% of metro areas see gains
Mortgage Professional America - 2/7/2025
Home prices continued to climb across most U.S. metro areas in the fourth quarter of 2024, with nearly 90% of markets reporting gains, according to the latest report from the National Association of Realtors.

The number of homes offering price cuts hits seven-year high
Scotsman Guide - 2/12/2025
Nearly a quarter of all home listings saw a price cut in January, yet another indicator that sellers are growing more motivated to sell and the so-called ‘lock-in’ effect caused by high mortgage rates is starting to ease.

Mortgage Credit Availability Increased in January
Mortgage Bankers Association - 2/11/2025
The Mortgage Credit Availability Index rose by 2.5 percent to 99.0 in January, driven by conventional credit supply rising to its highest level since June 2022.

CREF Forecast: Commercial/Multifamily Borrowing and Lending Expected to Increase 16 Percent to $583 Billion in 2025
Mortgage Bankers Association - 2/10/2025
Total commercial and multifamily mortgage borrowing and lending is expected to rise to $583 billion in 2025, which is a 16 percent increase from 2024’s estimated total of $503 billion.

Weekly Housing Trends View — Data for Week Ending Feb. 8, 2025
Realtor.com - 2/13/2025
Inventory remains elevated, and by a growing margin, offering buyers considerably more options compared with last year. Prices also continue to fall, hovering just below year-ago levels for the 16th week in a row.

Homebuying Pessimism Grows, Affordability Woes Persist
National Mortgage Professional - 2/7/2025
The latest update to the Fannie Mae Home Purchase Sentiment Index shows an increase of 0.3 points in January to 73.4, marking a slight recovery after homebuying sentiment fell last month for the first time since July.

Foreclosure filings climb in January – will this continue through 2025?
Mortgage Professional America - 2/13/2025
Foreclosure activity in the U.S. ticked upward in January, up 8% from the previous month, according to ATTOM’s latest Foreclosure Market Report.

Redfin Reports Housing Supply Hits Highest Level Since 2020, But Demand Falls to Lowest Level Since 2020
Redfin - 2/13/2025
Homebuyers have the most options since 2020, but few are biting because rising housing costs have made monthly payments tough to swallow. The typical home that sold in January was on the market for 56 days.