Announcement 19-0074: Cash-Out VA Loans with LTV Greater than 90% Delivery Dates and Submission Dates

Overview

In conjunction with Ginnie Mae’s recent announcement (APM 19-05 issued August 1, 2019) that all Cash-Out VA loans in excess of 90% LTV must be placed in certain pools of securities, Carrington Mortgage Services, LLC (CMS) will implement the following changes:

• No Submissions for >90% VA Cash-Out Refinances will be accepted effective September 1, 2019, and
• All files for purchase must be delivered to CMS by September 15, 2019, and
• All files must be purchased by September 30, 2019.

Contacts

Please contact CorrespondentRM@carringtonms.com with any questions. Carrington thanks you for your business.