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Borrowers with Good Credit Need Down Payment Assistance: Part 1

Borrowers with good credit need down payment assistance (DPA). Unfortunately, DPA is often marketed only towards buyers with poor credit, which creates an unfortunate have/have-not scenario: houses get purchased by borrowers with poor credit or borrowers with good credit and large savings, but not by borrowers with good credit and low savings, even if these […]

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CBC Mortgage to Assist DPA Borrowers During COVID-19 Crisis

As seen on National Mortgage Professional CBC Mortgage Agency (CBCMA) has announced that it is taking steps to ensure that its borrowers are able to stay in their homes during the Coronavirus pandemic.   Many CBCMA borrowers receive a forgivable second mortgage in order to pay for closing costs and a downpayment. As a condition […]

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When is it time to buy a home?

By: David Ludlow Most Americans dream of owning a home, and it’s not hard to understand why. Homes represent stability and wealth—even owning a modest home in a low-income neighborhood is a big step up for many American renters, renters who appreciate the stability of monthly mortgage payments over increasing rent, and who appreciate having […]

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CBCMA Working to Keep Down Payment Assistance Recipients Solvent During COVID-19 Crisis

By RICHARD FERGUSON, President, CBC Mortgage Agency   There’s a crisis upon us, and the economic repercussions are only beginning to be understood. What we do know is that COVID-19 is causing a severe shock and loss of income, in particular to the new homeowners we’ve striven so hard to help.    We also know […]

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Important Covid- 19 Information from CBCMA

Hello all!  Just a quick update, we are all healthy and well here at CBCMA! We appreciate each and everyone of you and the calls of concern as well as the queries of well-being of our staff and families in the midst of the pandemic and earthquake which hit Salt Lake City a couple of […]

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March 17, 2020: Chenoa Fund Correspondent Newsletter

First, and foremost, Happy St.Patrick’s Day from everyone here at CBC Mortgage Agency! In this issue of the Chenoa Report, you will find the following updates and information:  Program Guidelines Updates  CBC Mortgage Agency On the Road Chenoa Fund in the News  Chenoa Fund blog posts  Marketing Resources  Program Guidelines Update:  On behalf of CBC […]

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Two Questions Real Estate Agents Ask about Lenders

   It is very common for homebuyers to look to their real estate agent to recommend a lender or loan officer for a mortgage. How do you choose which lender you will recommend? How will the lender help grow your business? How will the lender work with your clients to help them successfully close their […]

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7 Lender Tips for Building Relationships with Real Estate Agents

  Developing relationships with real estate agents is one of the most valuable actions a lender can pursue when building professional networks and business. The strength of these relationships is forged through collaborative communication and in serving a shared client, the borrower.    Overall, agents want to know that you will be adding value to […]

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Creating the Path to Homeownership for all in Atlanta

  Did you know that Atlanta is home to one of the nation’s largest African American communities, yet it ranks among some of the lowest black homeownership rates? Homeownership is key to creating intergenerational wealth for our black communities and changing the quality of life for future generations. Coinciding with Black History month, Dr. Alveda […]

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5 Questions Every Lender Should Discuss with Borrowers and Why

For homebuyers, the mortgage application process is a very stressful time that requires answering many personal questions related to work, income, and debt. Mortgage applicants expect to be asked to verify their employment and income, but can be suprised to find a wealth of additional questions that loan officers ask to verify and document where […]

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