Announcements

Overview The Federal Housing Finance Agency (FHFA) has issued the following maximum first mortgage loan limits that will apply to conventional loans for acquisition by Fannie Mae / Freddie Mac with a note date on and after January 1, 2019. 2019 Conventional Loan Limits Units Conforming Amount - Contiguous States and District of Columbia Conforming […]

The Carrington Mortgage Services (CMS) Lock Desk will be closed in observance of President George H. W. Bush’s death on Wednesday, December 5, 2018 which has been designated as a National Day of Mourning. The financial markets will be closed and no rate sheets will be produced and no rate locks will be allowed. Normal […]

Correspondent Announcement Carrington Advantage Underwriting Guideline Updates November 27, 2018 Corr18-0005 Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the following recent Carrington Advantage product (Flexible Advantage/Flexible Advantage Plus and Investor Advantage) Underwriting updates (highlighted in red): Carrington Flexible Advantage Underwriting Changes Document Old Requirements Updated Requirements Flexible Advantage/ Advantage Plus Guidelines General […]

Correspondent Announcement Government and Conventional Underwriting Guideline Updates November 27, 2018 Corr18-0004 Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the following Underwriting updates (highlighted in red): VA Product Underwriting Changes Document Old Requirements Updated Requirements VA Underwriting Guidelines Borrower Eligibility Must be a veteran who served the minimum duty with other than […]

Overview Carrington Mortgage Services (CMS) offices, including the Lock Desk, will be closed Thursday, November 22, 2018 and Friday, November 23, 2018 in observance of Thanksgiving, which is a federal holiday.  Due to the holiday, the Lock Desk will be closing early on Wednesday, November 21, 2018 at 11:00 AM PST (early market closure of […]

Overview Due to California Wildfires, FEMA has declared the following counties a disaster. Incident Period: November 08, 2018 Please note: If an appraisal was completed prior to the incident date of the disaster, a re-inspection will be required. If an appraisal was not required due to a property inspection waiver or product type, an inspection […]