About Us And Our Mission


As a tribally owned, federally chartered, governmental agency, we strive to increase affordable and sustainable homeownership opportunities nationwide for all creditworthy, low- to moderate-income individuals.

About Us

CBC Mortgage Agency was formed in 2013 by the Cedar Band Corporation, a tribally owned enterprise wholly owned by the Cedar Band of Paiutes, with a goal to diversify the tribe’s business interest. Cedar Band Corporation operates 9 subsidiaries both on and off the reservation to promote economic self-sufficiency.

Through the Chenoa Fund™ program, CBC Mortgage Agency offers down payment assistance to creditworthy, low- to moderate income individuals. Our program is offered to all creditworthy individuals nationwide, excluding New York state. CBC Mortgage Agency partners with quality mortgage lenders on a correspondent basis.

CBC Mortgage Agency is dedicated to increasing homeownership in diverse communities. To date, we have assisted over 25,000 borrowers with their down payment, of which 55% are minority and 75% are first-time homebuyers. To assist all our borrowers successfully transition to homeownership, we provide 18 months of post purchase counseling from a HUD-approved counseling agency.

CBC Mortgage Agency is not affiliated with or acting on behalf of the FHA, FNMA, VA, or USDA. The Chenoa Fund™ program has not been reviewed or approved by HUD, FHA, or FNMA.

CBC Mortgage Agency Leadership

Richard Ferguson, Operator & Manager

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, Operator & Manager

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 2013.

Miki Adams, President

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 markets/loan sales, and legacy loan portfolio management.

Todd Peterson, Controller

Todd graduated from Stevens-Henager College with a Bachelors and Masters degree in
Accounting. His experience includes accounts payable, accounts receivable, collections, banking,
and investment banking. He has been the Controller with CBC Mortgage Agency since 2016.

Requesting Information

If you would like more information about this program, please contact our program development team.

Phone: 866-563-3507

Email: info@chenoafund.org

CBCMA Does Not Originate Mortgage Loans. This is not an offer to lend money nor a solicitation of a mortgage application by CBCMA.