Skip to main content

National Lender Expands Its Services Through Ginnie Mae Approval
Jul 19, 2011

Carrington Mortgage Services LLC, a national mortgage lender and servicer, has announced that it has received approval to be a Ginnie Mae issuer for the GNMA I and II single-family mortgage-backed securities (MBS) program. The approval allows Carrington to pool and securitize Federal Housing Administration (FHA) loans, and provides an avenue for increasing growth by adding those FHA loans to the servicing portfolio. To this point, Carrington has originated conventional, jumbo, FHA and VA loans, exclusively selling whole loans into the secondary market. By becoming a GNMA lender, Carrington reduces the middlemen in the origination-to-capital markets process, benefiting the company and those it serves.  Carrington’s team of professionals embraces the new capability and continues to be focused on delivering quality service with speed and consistency, offering consumers competitively priced products through its national retail branch network and wholesale lending division.  “This approval expands our capabilities as a mortgage originator and servicer, and ultimately allows us to better serve our retail and wholesale customers,” said Steve Patton, executive vice president for Carrington Mortgage Services LLC, Mortgage Lending Division. “As others exit the origination sector, particularly in wholesale,” he said, “Carrington is committed to increasing its presence and providing needed liquidity for qualified borrowers, as well as high-quality investments for purchasers of our GNMA securities.”
Jul 19, 2011
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Industry News
Jan 26, 2023
There’s Good & Bad News On The Horizon

There will be a real estate slump, but the big cities are coming out much better

Industry News
Jan 26, 2023
Housing Prices Across Texas Likely Hobbled In 2023

But you’re getting a lot less for $1 million

Industry News
Jan 23, 2023
UWM Adds 'Control Your Price' To 'Game On' Pricing

New program provides 125 basis points in price enhancements for loan orignators.

Industry News
Jan 11, 2023
Rocket Pro TPO Relieves Brokers Of Credit Fee Burden

Will provided free credit reports to brokers if they get their loan closed with the Detroit lender.

Industry News
Jan 10, 2023
Former Employees Sue Rocket Mortgage Over OT Pay

Claim company failed to properly calculate & pay OT for working beyond 40 hours a week.

Jan 09, 2023