The Community Reinvestment Act, commonly known as the CRA, has been a pivotal law in the banking industry since 1977. Designed to curb discriminatory lending…
FOR IMMEDIATE RELEASE CBC Mortgage Agency recognizes correspondent lenders for their achievements in LMI communities SOUTH JORDAN, Utah – October 23, 2023 – CBC Mortgage…
All policy changes and updates are referenced below in the appropriate section of the Correspondent Lending Guide. These policy changes apply to everyone using the…
5.11 Payment Shock Requirements Update(s): Loans with AUS Approval will not have payment shock calculations applied. Manually underwritten loans will continue to be reviewed. 6.23…
Please note as of September 13, 2023, CBC Mortgage Agency will be adding the following LLPAs to our published rate sheet. Fico 600-619: -.500 (pricing…
Smart lenders are always looking beyond traditional financing solutions to find new ways to serve homebuyers. But right now, one of the biggest challenges buyers…
As home prices continue to rise—even in rural areas—the dream of owning a home becomes increasingly challenging for first-time buyers. When mortgage rates are also…
100% financing program helps rural low- and moderate-income families achieve homeownership CEDAR CITY, Utah – August 1, 2023 – CBC Mortgage Agency (CBCMA), a Native American…