Latest News

Overview Due to severe storms and tornadoes in Tennessee, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: December 9, 2023 State FEMA Disaster Declaration Counties Tennessee 12/13/2023 Cheatham, Davidson, Dickson, Gibson, Montgomery, Stewart and Sumner Re-Inspection by Product Type If your loan is … A re-inspection is […]

Overview As a reminder, Carrington Mortgage Services, LLC (CMS) now requires use of Computershare Trust Company, N.A. as the Custodian for all Non-QM Loan collateral package documents. Correspondent sellers must provide an original collateral package of all documents which include the Original Note, Bailee Letter and Allonge, a Certified True Copy of the Mortgage (Deeds) […]

Overview Due to severe storms and tornadoes in Tennessee, FEMA has declared the following counties a disaster. Incident Period: December 9, 2023 State FEMA Disaster Declaration Counties Tennessee 12/13/2023 Davidson, Dickson, Montgomery and Sumner Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … FHA Full Doc […]

Overview During the 2023 holiday season Carrington Mortgage Services, LLC (CMS) offices, including the Lock Desk, will observe the following schedule: Monday, December 25, 2023 – closed for the Christmas holiday Monday, January 1, 2024 – closed for New Year’s Day holiday Normal Lock Desk hours will resume December 26, 2023 and January 2, 2024. […]

Overview Due to severe storms and flooding in Illinois, FEMA has declared the following county a disaster. Incident Period: September 17, 2023 - September 18, 2023 State FEMA Disaster Declaration Counties Illinois November 20, 2023 Cook Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … FHA […]

Overview The purpose of this bulletin is to provide a summary of recent Carrington Mortgage Services, LLC (CMS) FHA underwriting guideline updates (highlighted in red).  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 Correspondent.com. These changes are […]

Overview The Carrington Mortgage Services, LLC (CMS) offices, including the Lock Desk, will be closed Thursday, November 23, 2023 and Friday, November 24, 2023 in observance of Thanksgiving, which is a federal holiday.  Due to the holiday, the Lock Desk will be closing early on Wednesday, November 22, 2023 at 11:00 AM PST (early market […]

Overview Carrington Mortgage Services (CMS) offices, including the Lock Desk, will be closed Friday, November 10, 2023 in observance of Veteran’s Day, which is a Federal Holiday. Normal Lock Desk hours will resume on Monday, November 13, 2023. Locks that expire on the holiday will automatically roll to the next business day.  In addition, there […]

Overview Due to Hurricane Idalia in Georgia, FEMA has declared the following counties a disaster. Additional counties are shown in bold. Incident Period: August 30, 2023 State FEMA Disaster Declaration Counties Georgia September 7, 2023 Berrien, Brooks, Cook, Glynn, and Lowndes Re-Inspection by Product Type If your loan is … A re-inspection is required … […]

Overview Due to severe storms, straight-line winds and tornadoes in Florida, FEMA has declared the following county a disaster. Incident Period: May 10, 2024 State FEMA Disaster Declaration Counties Florida 06/17/2024 Leon Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … FHA Full Doc Yes If […]