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 […]
Across the U.S., there are millions of renters who yearn to be homeowners or who are at least wondering if they would be better off owning their own home. For many, the decision often boils down to the current state of the housing market and whether home prices and interest rates are going up or […]
Housing markets are always evolving, although today’s market looks starkly different than it did one year ago. Not only have interest rates roughly doubled over the past year, but housing prices are lower, too. In fact, 2023 could see the first year-over-year decline in prices since the Great Recession. As 2023 gets under way, many […]
With interest rates significantly higher than they were a year ago, many would-be homebuyers have put their homeownership dreams on hold. But in an otherwise challenging market, a bright spot has emerged. Over the past several months, housing prices have dropped considerably in many U.S. markets, enough to keep the American Dream of many first-time […]
All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective January 1, 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. 5.11 | […]
All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 12/15/2022 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. Security Two-Factor Authentication (2FA) […]
Program Announcement for December 12-15-2022 All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 12/15/2022 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 […]
The U.S. housing market hasn’t been too friendly to first-time homebuyers for some time. In fact, potential homebuyers have experienced a double whammy of sorts that has kept many of them on the sidelines. The first “whammy” was home prices, which rose to record levels in recent years. The second was interest rates, which have […]
