Announcements

Overview Due to damage from severe storms and flooding in Tennessee, FEMA has declared the following counties a disaster. Incident Period: August 21, 2021 State FEMA Disaster Declaration Counties Tennessee […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the following Carrington Advantage product underwriting updates (highlighted in red). Key updates include: Updated the Desk Review requirement for all […]

Overview Due to damage from severe storms, flooding and tornadoes in Michigan, FEMA has declared the following counties a disaster. Incident Period: June 25, 2021 - June 26, 2021 State […]

Overview The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee. The fee was designed to cover increased credit risk […]

Overview The U.S. Department of Housing and Urban Development (HUD) has updated the payment calculation of monthly obligation for student loans. The change is effective for all case numbers assigned […]

Overview The Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed Friday, July 2, 2021 for a Company Holiday and also Monday, July 5, 2021 for Independence Day, which […]

Overview The Carrington Mortgage Services, LLC (CMS) Hazard Insurance Policy has been revised to update the insurance coverage requirements for FHA Loans, Condominium and PUD Projects, and Force Placed Coverage […]

Overview HUD recently announced clarifications to their guidelines for certain Non-Permanent Residents applying for FHA-insured mortgages, including: Eligibility of borrowers with H1-B non-immigrant visa status without an EAD, Eligibility of […]

Overview Due to damage from severe storms, tornadoes and flooding in Louisiana, FEMA has declared the following parishes (counties) a disaster. Incident Period: May 17, 2021 - May 21, 2021 […]

Overview Due to damage from Severe Storms, Flooding, Landslides and Mudslides in Kentucky, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: February […]