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 scores.

PROGRAM HIGHLIGHTS

FHA STREAMLINE

• No Income documentation required
• Reduced documentation compared to standard FHA loans
• Must have a current FHA loan to be eligible

VA IRRRL

• No income documentation required**
• Mortgage history – no late payment in the last 12 months
• Loan programs available: 30, 25, 20 and 15 year fixed

This offer only good for loans locked through May 31, 2017.
*Applicable only for FHA Streamlines and VA IRRRLs with no lates within 12 months.
**Applicable only if monthly principal and interest payment does not increase 20% or more. Verbal verification of income source is required.

In observance of Good Friday, the Lock Desk hours on Thursday, April 13th, 2017 will be 7:30 a.m. PT to 12:00 p.m. PT. The Lock Desk will be closed Friday, April 14th, 2017. Normal lock desk hours will resume on Monday, April 17th, 2017
Issues related to locks should be sent via email to lockdesk@carringtonms.com.

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 scores.

PROGRAM HIGHLIGHTS

FHA STREAMLINE

• No Income documentation required
• Reduced documentation compared to standard FHA loans
• Must have a current FHA loan to be eligible

VA IRRRL

• No income documentation required**
• Mortgage history – no late payment in the last 12 months
• Loan programs available: 30, 25, 20 and 15 year fixed

This offer only good for loans locked through April 30, 2017.
Contact us to learn more about this offer!
*Applicable only for FHA Streamlines and VA IRRRLs with no lates within 12 months.
**Applicable only if monthly principal and interest payment does not increase 20% or more. Verbal verification of income source is required.

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:

• Monday, February 20, 2017 cannot be included in the rescission period for refinance transactions.
• Monday, February 20, 2017 cannot be included in the seven (7) business day waiting period between the between the date the initial Loan Estimate (LE) was provided to the borrower and the consummation of the loan
• When re-disclosure of the LE is required, Monday, February 20, 2017 cannot be included in the three (3) day business waiting period between the date the revised LE was provided to the borrower and the consummation of the loan.

Issues related to locks should be sent via email to lockdesk@carringtonms.com.

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 you have a great time at that game Joseph!

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 the holiday:

• Monday, January 16, 2017 cannot be included in the rescission period for refinance transactions.
• Monday, January 16, 2017 cannot be included in the seven (7) business day waiting period between the between the date the initial Loan Estimate (LE) was provided to the borrower and the consummation of the loan
• When re-disclosure of the LE is required, Monday, January 16, 2017 cannot be included in the three (3) day business waiting period between the date the revised LE was provided to the borrower and the consummation of the loan.

Issues related to locks should be sent via email to lockdesk@carringtonms.com.

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 January 2, 2017 which are Federal holidays. Due to the holidays, the Lock Desk will be closing early on Friday, December 23, 2016 and Friday, December 30, 2016 at 10:00 AM PST. Normal Lock Desk hours will resume December 27, 2016 and January 3, 2017.
Rate Locks that expire on the holidays will automatically roll to the next business day. In addition there are some important disclosure considerations associated with the holidays:

• Monday, December 26, 2016 and Monday January 2, 2017 cannot be included in the rescission period for refinances.
• Monday, December 26, 2016 and Monday January 2, 2017 cannot be included in the seven (7) business day waiting period between the between the date the initial Loan Estimate (LE) was provided to the borrower and the consummation of the loan.
• When re-disclosure of the LE is required, Monday, December 26, 2016 and Monday January 2, 2017 cannot be included in the three (3) day business waiting period between the date the revised LE was provided to the borrower and the consummation of the loan.

Issues related to locks should be sent via email to lockdesk@carringtonms.com.

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 resume on Monday, November 28, 2016.
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:

• Thursday, November 24, 2016 cannot be included in the rescission period for refinance transactions.
• Thursday, November 24, 2016 cannot be included in the seven (7) business day waiting period between the between the date the initial Loan Estimate (LE) was provided to the borrower and the consummation of the loan
• When re-disclosure of the LE is required, Thursday, November 24, 2016 cannot be included in the three (3) day business waiting period between the date the revised LE was provided to the borrower and the consummation of the loan.

Issues related to locks should be sent via email to lockdesk@carringtonms.com.

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 some important disclosure considerations associated with the holiday:
·         Friday, November 11, 2016 cannot be included in the rescission period for refinances
·         Friday, November 11, 2016 cannot be included in the seven (7) day business day waiting period between the date the initial Loan Estimate (LE) was provided to the borrower and the consummation of the loan
·         When re-disclosure of the LE is required, Friday, November 11, 2016 cannot be included in the three (3) day business waiting period between the date the revised LE was provided to the borrower and the consummation of the loan
Issues related to locks should be sent via email to lockdesk@carringtonms.com.