Due to deteriorating market conditions, CBC Mortgage Agency (CBCMA) is removing the Arizona interest rate improvement in the pricing adjustments section of our rate sheet for the Chenoa Fund DPA EDGE program. CBCMA will continue to offer the .75% price improvement on this product in the state of Arizona. . Visit our rate sheet here. […]
As a reminder to our Correspondent partners, CBC Mortgage Agency has posted guidelines related to the handling of seller paid closing costs and points and fees testing. . Section 5.31 & 5.32 of the Correspondent Lending Guide . These sections of our CLG address the treatment of lender- and seller-paid origination costs with respect to […]
05/06/2021 All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 05/06/2021 unless otherwise noted. . CBCMA has compiled all of its announcements related to COVID-19 into one section immediately following the Recent Updates and Announcements section of the Correspondent Lending Guide. . To review […]
CBCMA has been made aware that, in certain circumstances, correspondents are unable to populate CBCMA in Section 4B of the URLA. While it is the preference of CBCMA that our name appear in this section, we will accept the correspondent's name if the correspondent's LOS system has a business rule or policy that automatically populates […]
04/23/2021 All policy changes and updates are referenced to the appropriate section below. These policy changes are effective 04/15/2021 unless otherwise noted. Additionally, CBCMA has compiled all of its announcements related to COVID-19 into one section immediately following the Recent Updates and Announcements section of the Correspondent Lending Guide. To review the program guidelines changes […]
All policy changes and updates are linked to the appropriate section below. These policy changes are effective 04/09/2021 unless otherwise noted. Additionally, CBCMA has compiled all of its announcements related to COVID-19 into one section immediately following the Recent Updates and Announcements section. To review the program guidelines changes made March 15, 2021, or earlier, […]
All policy changes and updates are referenced to the appropriate section below. These policy changes are effective 03/15/2021 unless otherwise noted.Additionally, CBCMA has compiled all of its announcements related to COVID-19 into one section immediately following the Recent Updates and Announcements section. To review the program guidelines changes made March 1, 2021, or earlier, please […]
03/01/2021All policy changes and updates are referenced to the appropriate section below. These policy changes are effective 03/01/2021 unless otherwise noted.Additionally, CBCMA has compiled all of its announcements related to COVID-19 into one section immediately following the Recent Updates and Announcements section. To review the program guidelines changes made February 12, 2021, or earlier, please […]
02/12/2021All policy changes and updates are linked to the appropriate section below. These policy changes are effective 02/12/2021 unless otherwise noted.Additionally, CBCMA has compiled all of its announcements related to COVID-19 into one section immediately following the Recent Updates and Announcements section. To review the program guidelines changes made January 15, 2021, or earlier, please […]
