Chenoa Fund Blog

All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 12/15/2022 unless otherwise noted. This announcement, and previous announcements, are also available on the Announcements page of our website. These updates apply to everyone using the Chenoa Fund program—correspondents and TPO. Security Two-Factor Authentication (2FA) … Continue reading "Announcements for December 12-15-2022"

Program Announcement for December 12-15-2022 All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 12/15/2022 unless otherwise noted. This announcement, and previous announcements, are also available on the Announcements page of our website. These updates apply to everyone using the Chenoa Fund program—correspondents and … Continue reading "Program Announcement for December 12-15-2022"

All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 11/07/2022 unless otherwise noted. To review the program guidelines changes made March 3, 2022, or earlier, please follow this link to the archived Correspondent Lending Guides. (You are also able to review the DPA Edge … Continue reading "22-11-07 Announcement – November 7, 2022 Program Guidelines Update"

Version 12.4 All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 07/21/2022 unless otherwise noted. To review the program guidelines changes made July 7, 2022, or earlier, please follow this link to the archived Correspondent Lending Guides. This announcement, and previous announcements, are also … Continue reading "22-07-21 Announcement—July 21 2022 Program Guidelines Update"

Version 12.3 All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 07/07/2022 unless otherwise noted. To review the program guidelines changes made May 25, 2022, or earlier, please follow this link to the archived Correspondent Lending Guides. This announcement, and previous announcements, are also … Continue reading "22-07-07 Announcement—July 7 2022 Program Guidelines Update"

05/25/2022 Version 12.2 All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 05/25/2022 unless otherwise noted. To review the program guidelines changes made May 12, 2022, or earlier, please follow this link to the archived Correspondent Lending Guides. (You are also able to review … Continue reading "22-05-25 Announcement—May 25 2022 Program Guidelines Update"

05/12/2022 Version 12.1 All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 05/12/2022 unless otherwise noted. To review the program guidelines changes made May 2, 2022, or earlier, please follow this link to the archived Correspondent Lending Guides. (You are also able to review … Continue reading "22-05-12 Announcement—May 12 2022 Program Guidelines Update"

Effective Immediately, CBC Mortgage Agency is suspending all DPA Offerings on all conventional loans.  Any locked loan will be honored.  If you have a loan registered and a purchase contract executed and need to use our conventional program, please contact us for an exception to this suspension. This change has NO IMPACT on our FHA … Continue reading " Effective Immediately:  CBC Mortgage Agency Suspension of Conventional DPA Offerings"

05/02/2022 Version 12 All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 05/02/2022 unless otherwise noted. To review the program guidelines changes made March 3, 2022, or earlier, please follow this link to the archived Correspondent Lending Guides. (You are also able to review … Continue reading "22-05-02 Announcement—May 2 2022 Program Guidelines Update"

CBC Mortgage Agency would like to notify our Correspondent partners that a recent population of EPDs issued to certain lenders may have been communicated in error. In some cases, 2nd mortgage delinquencies were inadvertently included in bulk reporting. We recognize the error and are working to resolve this issue as soon as possible. We will … Continue reading "Announcement: EPDs"