In the newsletter we will provide you with important information about Chenoa Fund. In this issue you will find:
FHFA makes annual adjustments to the Conventional Loan Limits, and the 2020 Conventional Loan Limits have been announced. Additionally, HUD also announced that they were updating the FHA loan limits in 2020. Accordingly, CBCMA would like to formally confirm that we will be adhering to the updated 2020 Conventional Loan Limits as well as the updated 2020 FHA Loan Limits.
CBC Mortgage Agency officially published its monthly update to the Program Guidelines on January 15, 2020
All previous guidelines can be found under Archive: Program Guidelines.
CBC Mortgage Agency went coast to coast this month meeting with new lenders, realtors, and homebuyers!
The first stop was Sacramento, CA, for our homebuyer event in conjunction with the UHOUSI project. With over 60+ interested homebuyers in attendance, there were several speakers who touched on the different aspects of making the leap to homeownership. CBCMA’s Tai Christensen spoke about how using down payment assistance makes the American Dream of homeownership possible.
Pastor Gouddeaux speaking to potential home buyers on down payment assistance
Next up, the team headed to Las Vegas for the IBS (International Home Builders Show). Corporate Account Executives’ Dominique and Emenyo met with home builders from all over the country and worked with them on how to offer Chenoa Fund to their buyers. We saw heavy attendance from Ohio, Texas, Georgia, Florida, and many more states from the south.
Our final stop for the month was the Big Apple for Inman Connect. A conference built for realtors, this show was amazing! With friends like Finance of America, Direct Link, and many others, it was great to meet with realtors from all over the country and educate them on the program. We connected with Presidents from each state from the National Association of Realtors and are looking forward to working with them to provide training on how to better equip their realtors with down payment assistance options.
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If you’re a realtor @inmanconnect is the place to be! We just got back from the big Apple feeling more invigorated than ever! We learned from industry leaders and made lots of new connections all over the country to help make down payment assistance more readily available. Big things coming soon!
We had a busy month on the road, but we’re excited to head to the following in February:
Have an event or training you think we should be at? Let us know at firstname.lastname@example.org!
Be sure to follow our instagram to keep up with all the things happening at CBCMA!
CBC Mortgage Agency made the following press releases over the past several weeks.
December 23, 2019-Press Release: Cedar Band of Paiutes Lauds Bipartisan Letter Urging HUD to Follow Longstanding Tribal Consultation Policy
December 12, 2019-Press Release: Cedar Band of Paiutes Applauds New Resolution Calling for HUD to Consult with Tribes
December 10, 2019-Press Release: Cedar Band of Paiutes Applauds Sen. Tom Udall’s Remarks Reinforcing Sanctity of Tribal Consultations
December 9, 2019-Press Release: CBC Mortgage Agency Lauds Chairman Lacy Clay’s Questioning on Down Payment Assistance
The following articles have mentioned Chenoa Fund and/or CBC Mortgage Agency in the past several weeks.
January 29, 2020-MReport: Mortgage Agency Celebrates Five Years of Service
January 27, 2020-National Mortgage Professional Magazine (NMP): CBC Mortgage Agency Celebrates Five Year Anniversary
January 23, 2020-Whittier Daily News: FHA Commissioner Montgomery, leave down payment assistance alone
January 23, 2020-Orange County Register: FHA Commissioner Montgomery, leave down payment assistance alone
January 3, 2020-Mortgage Bankers Association (MBA): CBC Mortgage Agency Releases National Down Payment Assistance Study
December 22, 2019-Banker & Tradesman: Odd Lots: Don’t Let Clients Go Radio Silent
January 30, 2020: As Seen in the Chrisman Report
January 29, 2020: How to Help Renters become Homebuyers with Down Payment Assistance
January 29, 2020: How to Spend $1 A Day to Generate More Mortgage Leads
January 29, 2020: How Realtors Can Spend $1 A Day to Generate More Leads
January 29, 2020: Five Tips on How to Engage Potential Hispanic Homeowners
January 24, 2020: Ten Questions Homebuyers Ask When Choosing a Loan Officer
Chenoa Fund has created a variety of high-quality marketing materials (Click for Marketing Resources), including postcards, flyers, door hangers, and yard signs that you can use for creating interest in CBC Mortgage Agency (CBCMA) products and programs. Each PDF for Lenders has four versions that provide you with space for entering your contact information. Information includes:
This example shows the version that can include both lender and realtor information.
Click to download example on a program flyer.
The post February 3, 2020: Chenoa Fund Correspondent Newsletter appeared first on Chenoa Fund - Down Payment Assistance.