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Overview Due to damage from remnants of Hurricane Ida in New York, FEMA has declared the following counties a disaster. Incident Period: September 1, 2021 – September 3, 2021 State FEMA Disaster Declaration Counties New York September 5, 2021 Bronx, Kings, Queens, Richmond and Westchester Please note: Re-Inspection by Product Type If your loan is […]

Overview Due to damage from remnants of Hurricane Ida in New Jersey FEMA has declared the following counties a disaster. Incident Period: September 1, 2021 – September 3, 2021 State FEMA Disaster Declaration Counties New Jersey September 5, 2021 Bergen, Gloucester, Hunterdon, Middlesex, Passaic and Somerset Please note: Re-Inspection by Product Type If your loan […]

Overview Due to damage from Hurricane Ida in Louisiana, FEMA has declared the following parishes (counties) a disaster. Incident Period: August 26, 2021 and Continuing State FEMA Disaster Declaration Parishes Louisiana August 29, 2021 Ascension, Assumption, East Baton Rouge, East Feliciana, Iberia, Iberville, Jefferson, Lafourche, Livingston, Orleans, Plaquemines, Pointe Coupee, St. Bernard, St. Charles, St. […]

Overview Due to damage from severe storms and flooding in Tennessee, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: August 21, 2021 State FEMA Disaster Declaration Counties Tennessee August 23, 2021 Dickson, Hickman, Houstonand Humphreys Re-Inspection by Product Type If your loan is … A re-inspection is […]

Overview Due to damage from wildfires in California, FEMA has declared the following counties a disaster. Incident Period: Jul 14, 2021 and Continuing State FEMA Disaster Declaration Counties California August 24, 2021 Lassen, Nevada, Placer and Plumas Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … […]

Overview The Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed on Monday, September 6, 2021 for Labor Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, September 7, 2021. Additionally, the Lock Desk will close early on Friday, September 3, 2021 at 11:00 A.M. PST due to the early […]

Overview Due to damage from severe storms and flooding in Tennessee, FEMA has declared the following counties a disaster. Incident Period: August 21, 2021 State FEMA Disaster Declaration Counties Tennessee August 23, 2021 Humphreys Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … FHA Full Doc […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the following Carrington Advantage product underwriting updates (highlighted in red). Key updates include: Updated the Desk Review requirement for all Investment Properties to follow same requirements as Primary/Secondary residences For all programs, increased the Loan Amount for 2nd Appraisals from $1.0 MM to $1.5 MM […]

Overview Due to damage from severe storms, flooding and tornadoes in Michigan, FEMA has declared the following counties a disaster. Incident Period: June 25, 2021 - June 26, 2021 State FEMA Disaster Declaration Counties Michigan July 15, 2021 Washtenaw and Wayne Re-Inspection by Product Type If your loan is … A re-inspection is required … […]

Overview The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee. The fee was designed to cover increased credit risk as a result of the COVID-19 pandemic and due to the success of Fannie Mae/Freddie Mac COVID-19 policies which reduced the impact of the pandemic, […]