Latest News

The 30-year fixed mortgage rate averaged 6.35% for the week ending September 11, down from 6.50% last week; mortgage applications increased 9.2% from one week earlier; refinances rose to 26% of originations last month; mortgage credit availability increased slightly in August; half of the fastest-selling metros in the U.S. are in the Midwest; and summer […]

Overview Due to severe storms, straight-line winds, flooding, and mudslides in Wisconsin, FEMA has declared the following counties a disaster. Incident Period: August 9, 2025 - August 12, 2025 State FEMA Disaster Declaration Counties Wisconsin 9/11/2025 Milwaukee, Washington, and Waukesha Re-Inspection by Product Type   If your loan is … A re-inspection is required … […]

Mortgage applications decreased 1.4% from one week earlier; sales of previously owned homes rose 2% in July compared with June to 4.01 million units; originations climbed 5% YoY in Q1 2025 thanks to a 44% refi leap, while the home equity market saw its strongest growth in three years; single‑family housing starts climbed by 2.8% […]

Overview Due to severe storms, flooding, and landslides in New Mexico FEMA has declared the following county a disaster. FEMA has established an Incident Period end date and an additional county is listed in bold. Incident Period: June 23, 2025 and continuing – August 5, 2025 State FEMA Disaster Declaration Counties New Mexico 07/22/2025 Dona […]

Overview The offices of Carrington Mortgage Services, LLC (CMS) including the Lock Desk will be closed on Monday, September 1, 2025 for Labor Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, September 2, 2025. Additionally, the Lock Desk will close early on Friday, August 29, 2025 at 11:00 A.M. PST […]

Overview Due to severe storms, straight-line winds and flooding in Texas, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: July 2, 2025 - July 18, 2025 State FEMA Disaster Declaration Counties Texas 07/06/2025 Burnet, Guadalupe, Kerr, Kimble, McCulloch, Menard, San Saba, Tom Green, Travis, and Williamson Re-Inspection […]

Overview As a reminder, Carrington Mortgage Services, LLC (CMS) requires use of Computershare Trust Company, N.A. as the Custodian for all Non-QM Loan collateral package documents. Correspondents must provide an original collateral package of all documents which include Original Note, Bailee Letter and Allonge, a Certified True Copy of the Mortgage (Deeds) and a complete […]

Overview Due to severe storms, flooding, and landslides in New Mexico FEMA has declared the following county a disaster. Incident Period: June 23, 2025 and continuing State FEMA Disaster Declaration Counties New Mexico 07/22/2025 Lincoln Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … FHA Full […]

Overview Due to severe storms, straight-line winds, flooding, landslides, and mudslides in West Virginia, FEMA has declared the following counties a disaster. Incident Period: June 14, 2025 - June 15, 2025 State FEMA Disaster Declaration Counties West Virginia 07/22/2025 Marion and Ohio Re-Inspection by Product Type If your loan is … A re-inspection is required […]

Mortgage applications increased 0.8% from one week earlier; new listing fell 3.2% to their lowest level in two years; sales of previously owned homes in June fell 2.7% from May; Boomers now hold nearly half of the nation's real estate wealth at $19 trillion; sales of new single-family homes declined by 17% from 2020 to […]