Today CBC Mortgage Agency begins offering a traditional FHA loan not associated with a down payment assistance loan to help with the void created as many aggregators pulled out of the market or significantly cut back their YSP schedule. This product is available for purchase, rate and term refinance, or streamline refinance, FHA insured loans. Optimal Blue will begin reporting the pricing in two weeks, but loans can be registered in our system beginning today. This is only available for those who have migrated to our proprietary loan registration software. Those on our legacy loan registration platform will need to migrate to our new platform in order to deliver loans under this product.
Correspondents will need to contact their account executives to enable this product in their loan registration menu.