Items Tagged with 'Carrington Mortgage Services'

ARTICLES

  • Carrington in the Winner's Circle: Why we launched a nonprime mortgage product

    A conversation with Rick Sharga
    Executive Vice President Rick Sharga is back at Carrington Mortgage Services. Here he joins Editor-in-Chief Jacob Gaffney for the podcast series In The Winner's Circle and explains why the new nonprime is nothing like the old subprime and how they plan to reach millions of Millennials and turn them into homeowners. Plus, Sharga shares his thoughts on automation in the real estate and mortgage lending spaces. Will Realtors one day be replaced by robots? Get those answers and more in the latest In The Winner's Circle podcast.
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  • Carrington Mortgage Services launches subprime lending program

    Claims manual underwriting process is safer than other non-prime programs
    Carrington Mortgage Services is launching a mortgage lending program that looks an awful lot like pre-crisis subprime lending, but the company claims that its new “non-prime” loans are much safer than the subprime loans of the mid-2000s. Carrington’s loan program allows credit scores as low as 500. “Recent credit events” and a “history of late payments” are acceptable as well.
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  • Mortgage company to sponsor TV show for veteran housing

    Check out Designing Spaces, Military Makeover
    A mortgage company is sponsoring the creation of a newly renovated home for a sergeant in the Air Force. Indeed, some even consider Sergeant Kevin Parke the "true definition of an all-American hero," which is reason enough to give his family a home.
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  • Houston couple wins $5.4 million in foreclosure fraud suit against Wells Fargo

    Sometimes David beats Goliath
    It’s a story that has been seen hundreds, if not thousands of times since the housing crisis. Homeowners fight back against foreclosure, saying that the lender or servicer has no legal authority to foreclose on their home. And it usually ends the same way, with the little guy losing. But one Houston couple took on one of nation’s biggest banks – and won. Big.
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