Overview Due to damage from severe storms and flooding in West Virginia, FEMA has declared the following counties a disaster. Incident Period: February 27, 2021 - March 4, 2021 State FEMA Disaster Declaration Counties West Virginia May 20, 2021 Cabell, Kanawha, Mingo and Wayne Re-Inspection by Product Type If your loan is … A re-inspection […]
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Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the following underwriting guideline enhancements for the Non-QM loan programs (Prime Advantage, Flexible Advantage/Advantage Plus and Investor Advantage). All guideline enhancements are effective immediately and may be applied to loans not yet closed. Please note this is an abbreviated summary of the guideline changes. All […]
Last Week in Review: What Goes Up Must Come Down This past week home loan rates held steady despite enormous volatility in the financial markets. Let’s break down what happened and look at what to watch for in the week ahead. Wacky Wednesday A “risk-off” trade is when investors sell risky assets like stocks and […]