Announcement 20-0043: Conventional Cash-Out Refinance Transactions Reinstated


Due to recent changes in market conditions, Carrington Mortgage Services, LLC (CMS) is pleased to announce cash-out refinance transactions have been reinstated under the conventional loan program. Effective immediately, CMS will accept new loan submissions for conventional cash-out refinance transactions. Refer to the CMS Correspondent Rate Guide for additional details and current conventional loan program cash-out requirements.


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