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Overview Due to severe storms, straight line winds, tornadoes and flooding in Indiana, FEMA has declared the following counties a disaster. Please Note: FEMA has established the Incident Period end date. Incident Period: August 11, 2026 to August 24, 2026 State FEMA Disaster Declaration County Indiana 08/25/2026 Carroll, Dearborn, Decatur, Delaware, Fayette, Franklin, Hamilton, Hancock, […]

Overview The purpose of this bulletin is to announce the CMS State Prepayment Penalty Matrix - Investment Properties has been updated to reflect that investment property loans in Kansas and Minnesota can now be priced with a standard prepayment penalty up to five years as shown below. Prepayment Chart State State Name Prepay Eligibility Specific […]

Overview The offices of Carrington Mortgage Services, LLC (CMS), including the Lock Desk, will be closed on Monday, September 7, 2026 for Labor Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, September 8, 2026. Locks that expire on the holiday will automatically roll to the next business day. In addition, […]

Overview The purpose of this announcement is to provide a summary of approved Carrington Mortgage Services, LLC (CMS) Non-QM Carrington Flexible Advantage underwriting guideline updates (highlighted in red) to add requirements for Investment Properties.  Please note this is an abbreviated summary of the guideline changes.  All updates should be viewed within the context of the […]

Overview Due to Tropical Storm Arthur in Mississippi, FEMA has declared the following counties a disaster. Incident Period: June 18, 2026 – June 20, 2026 State FEMA Disaster Declaration County Mississippi 08/03/2026 Hancock, Harrison, Pearl River and Stone   Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these […]

Overview Due to severe storms in West Virginia, FEMA has declared the following counties a disaster. Incident Period: July 21, 2026 – July 22, 2026 State FEMA Disaster Declaration County West Virginia 08/03/2026 Lewis, Pleasants, Ritchie and Upshur   Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these […]

Overview The purpose of this bulletin is to provide a summary of approved Carrington Mortgage Services, LLC (CMS) Non-QM underwriting guideline updates (highlighted in red) for short term rentals.  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 Carrington […]

Overview Effective July 15, 2026, for all new loan submissions of Non-QM investment property loans under the Investor Advantage, Prime Advantage, and Flexible Advantage-Plus programs closing in an LLC, Carrington Mortgage Services, LLC (CMS) will require a Carrington Mortgage Services, LLC Personal Guaranty form to be completed and added to the closing package. The Carrington […]

Overview Due to Tropical Storm Arthur in Louisiana, FEMA has declared the following counties a disaster. Incident Period: June 16, 2026 – June 17, 2026 State FEMA Disaster Declaration County Louisiana 06/29/2026 Avoyelles, Saint Landry, Saint Tammany and Terrebonne   Re-Inspection by Product Type If your loan is … A re-inspection is required … Under […]

Overview Due to severe storms, tornadoes and flooding in Wisconsin, FEMA has declared the following counties a disaster. Incident Period: April 12 2026 – April 22, 2026 State FEMA Disaster Declaration County Wisconsin 06/29/2026 Bayfield, Brown, Buffalo, Jackson, Jefferson, Juneau, Kenosha, Manitowoc, Marathon, Milwaukee, Outagamie, Racine, Rock, Sauk, Vernon, Washington, Waukesha, Waupaca, and Winnebago   […]