Announcements

Overview VA has announced the VA Funding Fee rates for purchase and cash out refinance transactions will change effective for loan transactions closed January 1, 2020 and later. Please note: […]

Overview Due to severe storms, tornadoes, and flooding in South Dakota, FEMA has declared the following counties a disaster. Incident Period: September 09, 2019 - September 26, 2019 State FEMA […]

Overview The Carrington Mortgage Services, LLC (CMS) Lock Desk, will be closed Thursday, November 28, 2019 in observance of Thanksgiving, which is a federal holiday.  Due to the holiday, the […]

Overview Effective November 14, 2019, Carrington Mortgage Services, LLC (CMS) is pleased to introduce a new 85% Expanded Cash-Out LTV option for the Carrington Flexible Advantage Plus program. The 85% […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the Lock Desk has re-enabled the Auto-lock functionality. Effective immediately on Correspondent loan submissions, all rate lock extensions no longer […]

Overview Carrington Mortgage Services, LLC (CMS) offices, including the Lock Desk, will be closed Monday, November 11, 2019 in observance of Veteran’s Day, which is a Federal Holiday. Normal Lock […]

Overview As a reminder, Carrington Mortgage Services, LLC (CMS) requires a soft pull credit report (also known as a credit refresh or LQI report) as follows: For all conventional transactions, […]

Overview As a reminder, FHA Mortgagee Letter 2019-011 reduced the maximum allowable LTV and CLTV limits for cash-out refinances from 85% to 80% for all FHA cash-out refinance mortgages with […]

Overview Due to Tropical Storm Imelda in Texas, FEMA has declared the following counties a disaster. The updated county is shown in bold. Incident Period: September 17, 2019 - September […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the following guideline enhancements for the Carrington Advantage products (CFA/CFA+ and Investor Advantage): Carrington Flexible Advantage Guidelines Old Requirements Updated […]