Overview The VA requires that Veterans’ funding fee exemption information is up-to-date at the time of closing to avoid incorrect charges to exempt Veterans. Lenders may not advise Veteran borrowers […]
Announcements
Overview Effective May 27, 2020 Carrington Mortgage Services, LLC (CMS) will offer a 60-day lock to sellers prior to loan submission when the loan has been registered in CorrrIQ. Loan […]
Overview Due to severe storms, tornadoes and straight-line winds in South Carolina, FEMA has declared the following counties a disaster. The updated counties are shown in bold. Incident Period: April […]
Overview Due to severe storms, tornadoes, straight-line winds and flooding in Mississippi, FEMA has declared the following counties a disaster. The updated counties are shown in bold. Incident Period: April […]
Overview The Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed on Monday, May 25, 2020 for Memorial Day, which is a Federal Holiday. Normal lock hours will resume […]
Overview Due to severe storms, tornadoes and straight-line winds in South Carolina, FEMA has declared the following counties a disaster. Incident Period: April 12-13, 2020 State FEMA Disaster Declaration Counties […]
Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the following recent Government loan product underwriting updates (highlighted in red). These updates are clarifications of existing guidance or were […]
Overview Due to recent Fannie Mae/Freddie Mac guidance related to cash-out refinances where borrowers request forbearance assistance, effective immediately and until further notice, Carrington Mortgage Services, LLC (CMS) will no […]
Overview Due to severe storms, tornadoes, straight-line winds and flooding in Tennessee, FEMA has declared the following counties a disaster. Incident Period: April 12-13, 2020 State FEMA Disaster Declaration Counties […]
Overview As a reminder, Carrington Mortgage Services, LLC (CMS) recently updated our lock policy which has the following Lock Extension requirements: Maximum of up to two extensions Maximum extension period […]