Latest News

Overview In the state of North Carolina, borrowers may be charged bona fide discount points for the purpose of reducing their interest rate. For Owner Occupied Loans with a balance […]

Overview The VA has made key application updates to Loan Guaranty systems to support the recent Blue Water Navy legislation. Appraisers now have the option to use AAPP (Assisted Appraisal […]

Overview Effective for loans closed beginning January 1, 2020, VA will guaranty 25% of the loan amount for Veterans with full entitlement seeking a purchase or cash out refinance loan […]

Overview Effective with appraisals ordered on and after January 1, 2020, VA will permit VA fee panel appraisers to utilize the Assisted Appraisal Processing Program (AAPP) process and rely on […]

Overview The Lock Desk at Carrington Mortgage Services, LLC (CMS) will be closed on Monday, January 20, 2020 for Martin Luther King Jr. Day, which is a Federal Holiday. Normal […]

Overview As a reminder, on the date of purchase by Carrington, the unpaid principal balance of the loan will be calculated based on the effective servicing transfer date. Loans purchased […]

Overview FHA Loans: For calendar year 2020, the Department of Housing and Urban Development (HUD) announced the following maximum first mortgage loan limits that will apply to FHA loans with […]

Overview During the holiday season the Carrington Mortgage Services, LLC (CMS) Lock Desk, will observe the following schedule: Tuesday, December 24, 2019 – Close early for Christmas Eve at 11:00 […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce effective Thursday, December 5, 2019, CMS will introduce the new Carrington Prime Advantage program with Fixed, ARM and Interest-only ARM […]

Overview The Federal Housing Finance Agency (FHFA) has issued the following maximum first mortgage loan limits that will apply to conventional loans for acquisition by Fannie Mae / Freddie Mac […]