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 […]
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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 […]
Overview The U.S. Department of Housing and Urban Development (HUD) has updated the payment calculation of monthly obligation for student loans. The change is effective for all case numbers assigned […]
Overview The Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed Friday, July 2, 2021 for a Company Holiday and also Monday, July 5, 2021 for Independence Day, which […]
Overview The Carrington Mortgage Services, LLC (CMS) Hazard Insurance Policy has been revised to update the insurance coverage requirements for FHA Loans, Condominium and PUD Projects, and Force Placed Coverage […]
Overview HUD recently announced clarifications to their guidelines for certain Non-Permanent Residents applying for FHA-insured mortgages, including: Eligibility of borrowers with H1-B non-immigrant visa status without an EAD, Eligibility of […]
Overview Due to damage from severe storms, tornadoes and flooding in Louisiana, FEMA has declared the following parishes (counties) a disaster. Incident Period: May 17, 2021 - May 21, 2021 […]
Overview Due to damage from Severe Storms, Flooding, Landslides and Mudslides in Kentucky, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: February […]
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 […]
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 […]