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Overview Due to recent Fannie Mae/Freddie Mac guidance related to cash-out refinances where borrowers request forbearance assistance, effective immediately and until further notice, Carrington Mortgage Services, LLC (CMS) will no […]

Overview Due to severe storms, tornadoes, straight-line winds and flooding in Tennessee, FEMA has declared the following counties a disaster. Incident Period: April 12-13, 2020 State FEMA Disaster Declaration Counties […]

Overview As a reminder, Carrington Mortgage Services, LLC (CMS) recently updated our lock policy which has the following Lock Extension requirements: Maximum of up to two extensions Maximum extension period […]

Overview Due to severe storms, tornadoes, straight-line winds and flooding in Mississippi, FEMA has declared the following counties a disaster. Incident Period: April 12, 2020 State FEMA Disaster Declaration Counties […]

Overview Effective on and after April 20, 2020, for all closed loans delivered to Carrington Mortgage Services, LLC (CMS), the Flood Certificate Fee charged will increase from $9.00 to $10.00.  […]

Overview As a reminder, Carrington Mortgage Services, LLC (CMS) recently announced a revised lock policy with longer minimum lock terms for loans without appraisal (when required) in the file.  Effective […]

Overview Here is a simplified guide to help evaluate the permissible Agency appraisal and form requirements during the COVID-19 crisis.  Effective April 13, 2020, and until further notice, all loans […]

Overview Effective immediately, Carrington Mortgage Services, LLC (CMS) will require Sellers to transfer all FHA Cases to CMS prior to submission to Underwriting.  The Seller must initiate the case transfer […]

Overview This temporary guidance is effective for all loans submitted on or after April 13, 2020. Carrington Mortgage Services, LLC (CMS) is temporarily updating the debt to income (DTI) guidelines […]

Overview Due to severe storms, tornadoes, flooding, landslides and mudslides in Oregon, FEMA has declared the following counties a disaster. Incident Period: February 05, 2020 - February 09, 2020 State […]