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Overview Due to damage from severe winter storms in Louisiana, FEMA has declared the following parishes (counties) a disaster. Incident Period: February 11, 2021 - February 19, 2021 State FEMA Disaster Declaration Parishes Louisiana March 9, 2021 Avoyelles, Bienville, Bossier, Caddo, Calcasieu, Catahoula, Claiborne, Concordia, De Soto, East Baton Rouge, Franklin, Grant, La Salle, Madison, […]

Overview Effective March 8, 2021, Carrington Mortgage Services, LLC (CMS) is pleased to announce the following enhancements for the Prime Advantage and Investor Advantage loan programs. Pricing Improvements **Significant pricing improvements for Prime Advantage, CFA+, and Investor Advantage programs, including new “floor” rates! Prime Advantage Program Increased Loan-to-Values (see matrix for details) Cash Out now […]

Overview As a reminder, with the new Uniform Residential Loan Application (URLA) mandate, Carrington Mortgage Services, LLC (CMS) will require all mortgage lenders to provide a v3.4 file with all new loan submissions. Contacts Please contact CorrespondentRM@carringtonms.com with any questions. Carrington thanks you for your business.

Overview Due to damage from the severe winter storms in Texas, FEMA has declared the following counties a disaster. Additional updated counties are shown in bold. Incident Period: February 11, 2021 and continuing State FEMA Disaster Declaration Counties Texas February 19, 2021 Anderson, Angelina, Aransas, Atascosa, Austin, Bandera, Bastrop, Bee, Bell, Bexar, Blanco, Bosque, Bowie, […]

Overview Effective March 1, 2021, Carrington Mortgage Services, LLC (CMS) will require the new IRS Form 4506-C, IVES Request for Transcript of Tax Return for all loan submissions. As of the March 1, 2021 effective date, the IRS will only accept the new 4506-C form through their Income Verification Express Service (IVES) to provide tax […]

Overview Due to damage from severe winter storms in Oklahoma, FEMA has declared the following counties a disaster. Incident Period: February 8, 2021 - February 20, 2021 State FEMA Disaster Declaration Counties Oklahoma February 24, 2021 Canadian, Carter, Cherokee, Comanche, Cotton, Hughes, Jefferson, Le Flore, McIntosh, Oklahoma, Okmulgee, Osage, Pittsburg, Stephens, Tulsa, and Wagoner Re-Inspection […]

Overview Due to damage from the severe winter storms in Texas, FEMA has declared the following counties a disaster. Updated counties are shown in bold. Incident Period: February 11, 2021 and continuing State FEMA Disaster Declaration Counties Texas February 19, 2021 Anderson, Angelina, Aransas, Austin, Bastrop, Bee, Bell, Bexar, Blanco, Bosque, Bowie, Brazoria, Brazos, Brown, […]

Overview Due to damage from the severe winter storms in Texas, FEMA has declared the following counties a disaster. Incident Period: February 11, 2021 and continuing State FEMA Disaster Declaration Counties Texas February 19, 2021 Angelina, Aransas, Bastrop, Bee, Bell, Bexar, Blanco, Brazoria, Brazos, Brown, Burleson, Caldwell, Calhoun, Cameron, Chambers, Collin, Comal, Comanche, Cooke, Coryell, […]

Overview The Lock Desk at Carrington Mortgage Services, LLC (CMS) will be closed on Monday, February 15, 2021 for Presidents Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, February 16, 2021. Rate Locks that expire on the holiday will automatically roll to the next business day.  In addition there are […]

Overview On January 20, 2021, HUD announced major changes to their guidelines for borrowers with Deferred Action for Childhood Arrivals (DACA) status. Individuals classified under DACA who are legally permitted to work in the U.S. are eligible to apply for mortgages backed by the FHA. These changes are effective immediately and apply to new loan […]