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Overview This announcement serves as a reminder that Carrington Mortgage Services, LLC (CMS) requires the use of Computershare Trust Company, N.A. as the custodian for all Non-Agency / Non-QM loan collateral packages. All Correspondent Sellers must submit an original collateral package via trackable overnight delivery in accordance with the requirements outlined below. Required Collateral Documents […]

U.S. mortgage rates fell to their lowest level in more than three years; mortgage applications increased 2.8% from one week earlier; January new home purchase mortgage applications increased 2%; pending home sales in January decreased by 0.8% from the prior month; refinancing borrowers, not homebuyers, drove U.S. mortgage activity in the final months of 2025; […]

Mortgage credit availability increased in January; almost 5 million homeowners became eligible to refinance their home loans in early January; existing-home sales decreased by 8.4% in January; U.S. pending home sales fell 5.1% year over year during the four weeks ending February 8, the biggest decline in more than a year; mortgage rates matched their […]

Homebuyers are scoring the biggest discounts in 13 years; mortgage applications decreased 8.9% from one week earlier; home prices in the United States climbed to new records in 2025; mortgages that are more than 90 days past due rose in December to about 0.20% from just under 0.17% a year earlier; foreclosure filings rose 14% […]

Overview The offices of Carrington Mortgage Services, LLC (CMS), including the Lock Desk, will be closed on Monday, February 16, 2026 for President’s Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, February 17, 2026. Rate Locks that expire on the holiday will automatically roll to the next business day. In […]

Homebuyers are canceling deals at a record rate, with more than 40,000 called off in December; home prices increased in November; mortgage applications decreased 8.5% from one week earlier; housing affordability improved nearly 10% in 2025; homebuyer affordability improved slightly in December; and new listings of U.S. homes for sale rose about 1% from a […]

Pending home sales decreased 9.3% in December, with month-over-month declines in all four regions; mortgage applications increased 14.1% from one week earlier; Redfin estimated there were 47.1% more home sellers than buyers nationwide – the widest gap since its records began in 2013; mortgage refinancing jumped sharply higher for the second straight week, as interest […]

The average 30-year fixed mortgage rate was 6.06% for the week ending January 15, the lowest level in three years; housing starts fell in October to the lowest level since the onset of the pandemic; October new home sales jumped 18.7% annually; contract closings rose 5.1% to a 4.35 million annualized pace last month; the […]

Mortgage applications decreased 9.7% from two weeks earlier; impairments to non-qualifying mortgage pools rose in November at their fastest pace in the sector’s history; mortgage credit availability fell by 2.6% in December; 37.5% of agents surveyed by CNBC said the housing market was balanced, up from 30% as of the third quarter; and a new […]

Overview The offices of Carrington Mortgage Services, LLC (CMS) including the Lock Desk will be closed on Monday, January 19, 2026 for Martin Luther King Jr. Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, January 20, 2026. Rate Locks that expire on the holiday will automatically roll to the next […]