Latest News

Overview The offices of Carrington Mortgage Services, LLC (CMS) including the Lock Desk will be closed Monday, October 9, 2023 in observance of Columbus Day, which is a Federal Holiday. Normal Lock Desk hours will resume on Tuesday, October 10, 2023. Locks that expire on the holiday will automatically roll to the next business day.  […]

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.  These changes are effective immediately. All Carrington Advantage Programs (Prime Advantage/Flexible Advantage […]

Overview Due to Hurricane Idalia in Florida, FEMA has declared the following counties a disaster. Update: Additional counties have been added (shown in bold) and the Incident Period End Date has been established. Incident Period: August 27, 2023 – September 4, 2023 State FEMA Disaster Declaration Counties Florida August 31, 2023 Citrus, Columbia, Dixie, Gilchrist, […]

Overview Due to Hurricane Idalia in Florida, FEMA has declared the following counties a disaster. Incident Period: August 27, 2023 and Continuing State FEMA Disaster Declaration Counties Florida August 31, 2023 Citrus, Dixie, Hamilton, Lafayette, Levy, Suwannee and Taylor Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these […]

Overview The offices of Carrington Mortgage Services, LLC (CMS) including the Lock Desk will be closed on Monday, September 4, 2023 for Labor Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, September 5, 2023. Additionally, the Lock Desk will close early on Friday, September 1, 2023 at 11:00 A.M. PST […]

Overview Due to severe storms and flooding in Illinois, FEMA has declared the following county a disaster. Incident Period: June 29, 2023 – July 2, 2023 State FEMA Disaster Declaration Counties Illinois August 15, 2023 Cook Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … FHA […]

Overview Due to severe storms, straight-line winds and tornadoes in Mississippi, FEMA has declared the following counties a disaster. Incident Period: June 14, 2023 – June 19, 2023 State FEMA Disaster Declaration Counties Mississippi August 12, 2023 Jackson and Jasper Re-Inspection by Product Type If your loan is … A re-inspection is required … Under […]

Overview Due to wildfires in Hawaii, FEMA has declared the following county a disaster. Incident Period: August 8, 2023 and continuing State FEMA Disaster Declaration Counties Hawaii August 10, 2023 Maui Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … FHA Full Doc Yes If the […]

Overview Due to severe storms and flooding in Vermont, FEMA has declared the following counties a disaster. Incident Period: July 7, 2023 and continuing State FEMA Disaster Declaration Counties Vermont July 14, 2023 Caledonia, Chittenden, Lamoille, Orange, Rutland, Washington, Windham and Windsor Re-Inspection by Product Type If your loan is … A re-inspection is required […]

Overview Effective July 17, 2023, Carrington Mortgage Services, LLC (CMS) is pleased to introduce a new temporary rate buydown program which provides affordable options for prospective homebuyers.  Temporary buydowns are when up-front funds are deposited into a buydown custodial account to temporarily reduce the interest rate, as well as the effective monthly mortgage payment, for […]