Announcement 19-0039: TILA Finance Charges Update

June 5, 2019

Overview

TILA 1026.4(c)(7) Real-Estate Related Fees; permits the Doc Prep and Notary Fees to be excluded from the Finance Charge (APR). Carrington Mortgage Services, LLC (CMS) has updated Mavent to account for this change.

The following changes are effective June 4, 2019:

Mavent will not include these fees in the Finance Charge or APR

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Please contact CorrespondentRM@carringtonms.com with any questions.

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

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902324-00-00

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

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An Equal Housing Opportunity Lender. Copyright 2007 - 2022 . Carrington Mortgage Services, LLC headquartered at 1500 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)

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