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Overview The purpose of this announcement is to provide a summary of approved Carrington Mortgage Services, LLC (CMS) Non-QM underwriting guideline updates (highlighted in red). Please note this is an abbreviated summary of the guideline changes. All updates should be viewed within the context of the full guidelines available on www.CarringtonCorrespondent.com. Generally, the updates below are […]

Overview The offices of Carrington Mortgage Services, LLC (CMS), including the Lock Desk, will be closed on Monday, May 25, 2026 for Memorial Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, May 26, 2026. Additionally, the Lock Desk will close early on Friday, May 22, 2026 at 11:00 A.M. PST […]

The average interest rate for a 30-year fixed-rate mortgage increased to 6.45% from 6.37%; mortgage applications decreased 4.4% from one week earlier; home prices increased in 71% of metro areas in Q1 2026; contract signings for newly built homes hit 635,000 in February and 682,000 in March, as prices fell to a five-year low; pending […]

Overview The purpose of this announcement is to provide a summary of approved Carrington Mortgage Services, LLC (CMS) Non-QM underwriting guideline updates (highlighted in red). Please note this is an abbreviated summary of the guideline changes. All updates should be viewed within the context of the full guidelines available on www.CarringtonCorrespondent.com. Generally, the updates below […]

Mortgage applications decreased 1.6% from one week earlier; home sales rose 2.7% year over year during the four weeks ending April 26; national home price growth continued to cool through February; new listing activity pulled back this week, inventory continues to build and asking prices are softening; serious delinquencies are ticking up and pressure from […]

Mortgage applications increased 7.9% from one week earlier; non-QM share of the mortgage market doubled between 2020 and 2022; pending home sales increased 1.5% in March; the median home price is now more than five times the median household income; homeowners are more likely to remodel than relocate; foreclosure filings surged 26% annually in Q1; […]

Overview Due to severe winter storms in Mississippi, FEMA has declared the following counties a disaster. Incident Period: January 23, 2026 – January 27, 2026 State FEMA Disaster Declaration County Mississippi 02/06/2026 Adams, Alcorn, Attala, Benton, Bolivar, Calhoun, Carroll, Claiborne, Coahoma, DeSoto, Grenada, Holmes, Humphreys, Issaquena, Jefferson, Lafayette, Lee, Leflore, Marshall, Mississippi Choctaw Indian Reservation, […]

Overview Due to severe storms, straight-line winds, flooding, landslides and mudslides in Hawaii, FEMA has declared the following counties a disaster. Incident Period: March 10, 2026 – March 24, 2026 State FEMA Disaster Declaration County Hawaii 04/07/2026 Hawaii, Honolulu, and Maui   Re-Inspection by Product Type If your loan is … A re-inspection is required […]

Applications to refinance a home loan increased 5% week to week; new home purchase mortgage applications increased 11%; the average 30-year interest rate decreased to 6.30% from 6.83% last week; at the end of 2025, the average monthly mortgage payment topped $2,000 for the first time; home sales decreased 3.6% in March; and the share […]

Overview Due to severe winter storms, straight-line winds, flooding, landslides and mudslides in Washington, FEMA has declared the following counties a disaster. Incident Period: December 05, 2025 – December 19, 2025 State FEMA Disaster Declaration County Washington 04/07/2026 Chehalis Indian Reservation ,Chelan (County) ,Grays Harbor (County) ,King (County) ,Lewis (County) ,Lummi Indian Reservation ,Muckleshoot Indian […]