As proof that time does indeed fly, this year marks the 10th anniversary of CBC Mortgage Agency (CBCMA). We know, we can hardly believe it ourselves! Since our founding in 2013, we have become pioneers in providing down payment assistance (DPA) to homebuyers who are most in need and a trusted partner to mortgage lenders […]
FOR IMMEDIATE RELEASE: February 17, 2023 CONTACT: Kira Camozzi (805) 807-3384 CBC Mortgage Agency supports the Cedar Band of Paiutes Indians Joint Tribal Letter for the Record to the Senate Banking Committee Hearing. Cedar Band of Paiutes Indians, Lower Brule Sioux Tribe, and Rosebud Sioux Tribe submitted a letter to the Senate Banking Committee as […]
Chenoa Fund helps more than 42,000 families become homeowners CEDAR CITY, Utah – May 15, 2023 – CBC Mortgage Agency (CBCMA), a Native American wholly owned and federally chartered housing finance agency, is celebrating its 10-year anniversary by unveiling a dynamic new rebrand for the correspondent investor and its Chenoa Fund Program, which has extended […]
All policy changes and updates are referenced below in the appropriate section of the CLG. These policy changes are effective April 26th, 2023 unless otherwise noted. This announcement, and previous announcements, are also available on the Announcements page of our website. These updates apply to everyone using the Chenoa Fund program—correspondents and TPO. 5.12 | […]
Payment Shock requirements updated.Borrower(s) with a FICO score of 660+ with a max 50%, DTI- payment shock is not to exceed 175% Borrower(s) with a FICO score of 659 and below with a max 45% DTI – payment shock is not to exceed 150% Final MISMO 3.4 is required on all loan deliveries.Please call your Account […]
Please call your Account Executive for assistance or reach out to Submissions Team Submissions@Chenoafund.org We have updated our President’s Letter which is a part of our final disclosure package for closing. If you pull your own 2nd mortgage closing package from your document provider or your own LOS you will need to be sure it […]
Most independent mortgage bankers and credit unions understand how challenging it can be to help first-time homebuyers, especially when they’re the first ones in their family trying to achieve homeownership. But it’s particularly challenging when rates are elevated and there are fewer homes on the market. That’s why a growing number of IMBs and credit […]
Everyone’s path to homeownership looks different, but most people will encounter a few roadblocks along the way. That’s certainly more likely these days, as higher interest rates and low housing inventory are placing additional obstacles on the path to buying a home. Fortunately, Chenoa Fund, CBC Mortgage Agency’s down payment assistance program (DPA), is helping […]
Many Americans spend years saving up enough money for a down payment on a home. Under normal circumstances, the endeavor is a major struggle that takes hard work, diligence and sacrifice. But over the past year, the struggle has gotten harder than ever. Thanks to inflation and the lingering impacts of the Covid pandemic, a […]
FOR IMMEDIATE RELEASE: February 17, 2023 CONTACT: Kira Camozzi (805) 807-3384 CBC Mortgage Agency supports the Cedar Band of Paiutes Indians Joint Tribal Letter for the Record to the Senate Banking Committee Hearing. Cedar Band of Paiutes Indians, Lower Brule Sioux Tribe, and Rosebud Sioux Tribe submitted a letter to the Senate Banking Committee as […]
