Announcement 18-0011: Fannie/Freddie Conventional Loan Programs Expiring

December 13, 2018

Overview

Effective December 31, 2018, the following Fannie Mae and Freddie Mac conventional loan programs are scheduled to expire. Carrington Mortgage Services, LLC (CMS) will discontinue offering both programs as of the December 31st effective date.

Fannie Mae DU Refi Plus

All Fannie Mae DU Refi Plus mortgage loans must have application dates on or before December 31, 2018.

DU Refi Plus whole loans must be purchased by Fannie Mae on or before September 30, 2019, or must be delivered into Mortgage Backed Security (MBS) pools with issue dates on or before September 30, 2019.

Freddie Mac Open Access

All Freddie Mac Relief Refinance - Open Access mortgage loans must have application dates on or before December 31, 2018.

All Open Access mortgage loans must have settlement dates on or before September 30, 2019.
Contacts

Please contact CorrespondentRM@carringtonms.com with any questions.

Carrington thanks you for your business.

LOANS MUST BE LOCKED IN MARCH!

Contact your Account Executive with questions.

Government Agency Approvals

FHA Non-Supervised Mortgagee Approval #:
24751-0000-5

VA Automatic Lender Approval #:
902324-00-00

Mortgagee/Loss Payee Clause

Carrington Mortgage Services LLC
ISAOA/ATIMA
P.O. Box 692408
San Antonio, TX 78269-2408

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This information is provided for your convenience and Carrington Mortgage Services, LLC makes no warranties concerning the accuracy or completeness of any of the information. This is not financial or legal advice and should not be taken as such. This information is for mortgage professionals only and is not intended for distribution to consumers.

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An Equal Housing Opportunity Lender. Copyright 2007 - 2023 . Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines. Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: www.nmlsconsumeraccess.com.

The content of this website is intended for licensed third-party originators or brokers only and may not be duplicated or disseminated to the public. Carrington Mortgage Services is one of the leading wholesale mortgage lenders.

Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00