Latest News

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 […]

Mortgage applications decreased 10.0% from one week earlier; the Mortgage Credit Availability Index fell by 1.3% to 103.7 in June; new home applications increased 8.5% in June; homebuilders are slashing prices at the highest rate in 3 years; nearly one third of major U.S. housing markets now see falling home prices; the U.S. housing shortage […]

Mortgage applications increased 9.4% from one week earlier; pending sales fell 3.5% year over year during the four weeks ending July 6; home prices held steady last week, while also spending more time on the market; more homeowners are starting to fall behind on their mortgages due to costs that come after buying; June delistings […]

Overview The purpose of this bulletin is to announce that due to significant fraud concerns in specific regions of the country, Carrington Mortgage Services, LLC (CMS) will temporarily suspend new Non-QM Investment loans (Business Purpose Loans) and will not proceed with active unlocked loans in the cities and counties listed below. This policy change includes […]

Sales of new single-family homes decreased 13.7% to a 623,000 annualized rate last month, a seven-month low; sales of previously owned homes rose very slightly in May, up 0.8% from April; mortgage applications increased 1.1% from one week earlier; pending home sales increased by 1.8% in May from the prior month and 1.1% year-over-year; and […]

Overview Due to severe storms, tornadoes and flooding in Arkansas, FEMA has declared the following counties a disaster. Incident Period: April 2, 2025 – April 22, 2025 State FEMA Disaster Declaration Counties Arkansas 05/21/2025 Clark, Clay, Craighead, Crittenden, Desha, Fulton, Greene, Hot Spring, Jackson, Miller, Ouachita, Pulaski, Randolph, Saint Francis, Saline, Sharp, and White Re-Inspection […]

Overview The offices of Carrington Mortgage Services, LLC (CMS), including the Lock Desk, will be closed Friday, July 4, 2025 for Independence Day, which is a Federal Holiday.  Due to the holiday, the Lock Desk will also close early on Thursday, July 3, 2025 at 11:00 AM PST (early market closure). Normal lock desk hours […]

Overview Due to severe storms, straight-line winds, tornadoes and flooding in Tennessee, FEMA has declared the following counties a disaster. Incident Period: April 2, 2025 - April 24, 2025 State FEMA Disaster Declaration Counties Tennessee 06/19/2025 Cheatham, Davidson, Dickson, Dyer, Hardeman, McNairy, Montgomery, Obion and Wilson Re-Inspection by Product Type If your loan is … […]

May new home purchase mortgage applications decreased 4.5%; mortgage rates fell for the third straight week, slipping to 6.81%; mortgage applications decreased 2.6% from one week earlier; U.S. home prices are expected to grow by an average of 2.9% in 2025 and 2.8% next year; and home affordability is seen as “historically low” following five […]

Mortgage applications increased 12.5% from one week earlier; mortgage credit availability increased to its highest level since August 2022; mortgage activity dropped 14% in Q1 2025; U.S. homeowners with mortgages saw home equity increase by $115 billion since Q1 2024; U.S. house prices rose 4.7% in Q1 2025, compared to Q1 2024; roughly 74% of […]