Announcements

Overview As a reminder, the maximum loan-to-value (LTV) and combined loan-to-value (CLTV) percentages will be reduced from 85% to 80% for all FHA cash-out refinance mortgages with case numbers assigned […]

Overview Due to severe winter storms, straight-line winds, and flooding in Nebraska, FEMA has declared the following counties a disaster. The update for Dawson county is shown in bold. Incident […]

Overview The Veteran’s Administration (VA) published Circular 26-19-22 on August 8, 2019. The Circular is effective immediately and clarifies the Recoupment, NTB, Appraisal, Seasoning Requirements, and Loan Comparison Statement requirements […]

Overview Ginnie Mae issued APM 19-05 on August 1st which requires all Cash-Out VA loans in excess of 90% LTV to be placed in Ginnie II Custom Securities vs. Ginnie […]

Overview Carrington Mortgage Services, LLC (CMS) permits the use of Expense Factors to calculate qualifying income using business bank statement documentation for the Carrington Flexible Advantage and Flexible Advantage Plus […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the following recent guideline enhancements for the FHA loan program. Updates are shown in red. FHA Guidelines Old Requirements Updated […]

Overview Due to severe storms, straight-line winds, tornadoes, flooding, landslides, and mudslides in Ohio, FEMA has declared the following counties a disaster. Updated county is listed on bold. Incident Period: […]

Overview Due to severe storms and flooding in Texas, FEMA has declared the following counties a disaster. Incident Period: June 24, 2019 – June 25, 2019 State FEMA Disaster Declaration Counties Texas […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce effective Monday, July 15, 2019, the Carrington Advantage (Flexible Advantage/Advantage Plus and Investor Advantage) programs will offer a new Interest-only […]

Overview Due to severe winter storms, tornadoes, and flooding in Missouri, FEMA has declared the following counties a disaster. Incident Period: April 29, 2019 and continuing State FEMA Disaster Declaration Counties Missouri […]