Announcements

Overview Due to severe storms, straight-line winds and tornadoes in Oklahoma, FEMA has declared the following counties a disaster. Updated county is listed in bold. Incident Period: April 19, 2023 - April 20, 2023 State FEMA Disaster Declaration Counties Oklahoma April 24, 2023 Cleveland, McClain and Pottawatomie Re-Inspection by Product Type If your loan is […]

Overview The London Interbank Offered Rate (LIBOR) is being discontinued as an approved index for adjustable interest rate mortgages (ARMs), and will be replaced with the Secured Overnight Financing Rate (SOFR) as an approved index for ARM loans. In anticipation of the transition, effective May 8, 2023, Carrington Mortgage Services, LLC (CMS) will implement the […]

Overview Due to severe winter storms, straight-line winds, flooding, landslides and mudslides in California, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: February 21, 2023 and Continuing State FEMA Disaster Declaration Counties California 4/4/2023 Kern, Madera, Mariposa, Mendocino, Mono, Monterey, San Benito, San Bernardino, Santa Cruz, Tulare […]

Overview Due to severe winter storms, straight-line winds and tornadoes in Tennessee, FEMA has declared the following counties a disaster. Incident Period: March 31, 2023 - April 1, 2023 State FEMA Disaster Declaration Counties Tennessee 4/7/2023 Cannon, Hardeman, Hardin, Haywood, Lewis, Macon, McNairy, Rutherford, Tipton and Wayne Re-Inspection by Product Type If your loan is […]

Overview Due to severe winter storms, straight-line winds, flooding, landslides and mudslides in California, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: February 21, 2023 and Continuing State FEMA Disaster Declaration Counties California 4/4/2023 Kern, Mariposa, Monterey, San Benito, San Bernardino, Santa Cruz, Tulare and Tuolumne Re-Inspection […]

Overview Due to severe winter storms, straight-line winds, flooding, landslides and mudslides in California, FEMA has declared the following counties a disaster. Incident Period: February 21, 2023 and Continuing State FEMA Disaster Declaration Counties California 4/4/2023 Kern, Mariposa, Monterey, San Benito, Santa Cruz, Tulare and Tuolumne Re-Inspection by Product Type If your loan is … […]

Overview Due to a severe storm, straight-line winds, and tornadoes in Mississippi, FEMA has declared the following counties a disaster. Additional counties are shown in bold. Incident Period: March 24, 2023 - March 25, 2023 State FEMA Disaster Declaration Counties Mississippi 3/26/2023 Carroll, Humphreys, Monroe Montgomery, Panola and Sharkey Re-Inspection by Product Type If your […]

Overview Due to severe storms, straight-line winds, tornadoes and flooding in Arkansas, FEMA has declared the following counties a disaster. Incident Period: May 24, 2024 – May 27, 2024 State FEMA Disaster Declaration Counties Arkansas 05/30/2024 Benton, Boone and Marion Re-Inspection by Product Type If your loan is … A re-inspection is required … Under […]

Overview Due to a severe storm, straight-line winds, and tornadoes in Mississippi, FEMA has declared the following counties a disaster. Incident Period: March 24, 2023 - March 25, 2023 State FEMA Disaster Declaration Counties Mississippi 3/26/2023 Carroll, Humphreys, Monroe and Sharkey Re-Inspection by Product Type If your loan is … A re-inspection is required … […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the following Non-QM program underwriting updates (highlighted in red). Please note this is an abbreviated summary of the guideline changes and all updates should be viewed within the context of the full guidelines.  The pricing engine and loan origination system will be ready with these […]