As a federally chartered, public purpose, government agency, we work to increase affordable and sustainable homeownership opportunities for credit worthy individuals who lack down payment funds.
CBC Mortgage Agency (“CBCMA”) was formed in 2013 by Cedar Band Corporation, (CBC) a federal instrumentality of government, which received its charter to operate nationally through the federal government. CBC is owned by the Cedar Band of Pai- utes’ (“Cedar Band”). Without any outside investment, the Cedar Band spent several years to organically build CBCMA’s financial capacity and operational expertise, and painstakingly developed and cultivated key industry relationships. This approach, though slow and difficult at times, allowed CBCMA to safely grow into the mature housing finance agency it is today.
The Cedar Band’s principal concern has always been that CBCMA operate its nationwide program in com- pliance with Department of Housing and Urban Development (“HUD”) guidelines and that the borrowers it assists are capable of sustaining homeownership. From the beginning, CBCMA has had each FHA loan that it purchases receive a second underwriting review to ensure that it is underwritten to FHA standards. CBCMA is very careful to ensure that each borrower receives the protection of every federal and state mort- gage regulation and receive appropriate disclosures. In addition, borrowers with FICO scores between 620 and 639 must complete one-on-one pre-purchase education and counseling. All borrowers receive 12 months of counseling from a HUD approved counseling agency following their home purchase to help them successfully transition to homeownership.
Richard Ferguson, President
Mr. Ferguson graduated from Brigham Young University in Economics. He began his career as a
loan officer in 1993, becoming a top producer. In 2000, he helped to build one of the nation’s
largest down payment assistance providers, which he left in 2004. Mr. Ferguson later co-founded
a business finance platform in 2006, which was later acquired, to provide credit and financing
opportunities to small businesses. Mr. Ferguson has also been an angel investor in several
companies involving technology, manufacturing, retail and renewable energy. In 2013, Mr.
Ferguson was recruited to lead CBC Mortgage Agency in providing responsible homeownership
solutions to deserving homeowners.
Michael Whipple, Senior Vice President
Michael graduated from Brigham Young University and the University of Michigan
Law School. He practiced law as a transactional attorney before entering into the
mortgage services industry. He has been an executive with CBC Mortgage Agency since
Miki Adams, Chief Compliance Officer
Miki has spent more than 20 years managing change and productivity through calm
and tumultuous economies in the residential mortgage business. She has produced
excellent results in big and small companies. Her experience extends across all phases
of residential mortgage lending, including retail and wholesale originations, quality
control and compliance, underwriting through post closing activities, capital mar-
kets/loan sales and legacy loan portfolio management.
Mat LaMunyon, Servicing and Post Closing
Mat has eleven years experience in mortgage banking, including, servicing, investor
reporting, investor accounting, compliance, post closing and loss mitigation. He has
created and managed full servicing departments. His experience includes all aspects of
post closing, loan servicing and investor relationship management.
Chris Tyrell, Underwriting
Chris has 17 years in the mortgage industry, beginning as an underwriter. His experi-
ence includes managing UW, QC and Compliance departments, administering the exe-
cution of Agency/GSE & Government lending guidelines for large non-banking lenders,
community banks, and boutique companies. Chris has also created and managed Qual-
ity Control and Compliance programs for various lenders, all while incorporating the
philosophy of protecting…
Buck Hawkins, Director of Capital Markets
Buck has twenty years Mortgage Banking experience, including Retail, Consumer
Direct, and Wholesale platform experience. He has created, managed and grown divi-
sions into efficient and profitable channels. His experience includes all aspects of Capi-
tal Markets, originations, credit and collateral risk…
Matt Pettit, National Program Director, Client Engagement
Matt has ten years of experience in B2B sales in the business lending and Mortgage Lending
industries. His expertise within CBC Mortgage Agency is in onboarding new lenders to
offer the program, and training their processing and post-closing departments.
If you would like more information about this program, please contact our program development team.
CBCMA Does Not Originate Mortgage Loans. This is not an offer to lend money nor a solicitation of a mortgage application by CBCMA.