Chenoa Fund Chenoa Fund Blog CBC Mortgage Agency

Updates and Announcements

Forbearance Agreements & Early Payment Default Penalties

Update: Forbearance, even COVID-related forbearance, always resents the waiting 36-month period before a Chenoa Fund second mortgage can be subordinated. Clarification on COVID-19 Forbearance Agreements…

James BetheApril 13, 2020

Chenoa Talk

Down Payment Assistance Can Help Bridge the Homeownership Gap

Richard Ferguson, President, CBC Mortgage Agency Q: The Urban Institute recently released a report entitled “Breaking Down the Black-White Homeownership Gap.” What is your key…

James BetheApril 13, 2020

Chenoa Talk Chenoa Talk - Homebuyer Realtors

Good Credit Borrowers Still Need Down Payment Assistance

Good Credit Borrowers Still Need Down Payment Assistance Borrowers with good credit need down payment assistance (DPA). Unfortunately, DPA is often marketed only towards buyers…

James BetheApril 7, 2020

Updates and Announcements

20-15: TEMPORARY SUSPENSION OF CONVENTIONAL DPA PROGRAMS

Announcement: EXTREMELY URGENT: Temporary Suspension of Conventional DPA Programs Beginning TODAY April 6th, 2020 at the end of business, Chenoa Fund will temporarily suspend its…

James BetheApril 6, 2020

Updates and Announcements

20-14: RATE ADVANTAGE AMI UPDATE TO 135%

Announcement: Version 8.5 of the Correspondent Lending Guide brings us a small update to one of our overlays. On our Rate Advantage program and product,…

James BetheApril 6, 2020

Updates and Announcements

20-13: UPDATE TO DOCPROBE

Announcement: RE: Update to DocProbe announcement originally sent on 4/1/20. CBC Mortgage Agency recently partnered with DocProbe to manage our trailing documents. All trailing documents…

James BetheApril 3, 2020

Updates and Announcements

20-11: Trailing Docs Address Update

TRAILING DOCS ADDRESS UPDATE: ANNOUNCEMENT SENT ON 04/01/20 Announcement: CBC Mortgage Agency has partnered with a new vendor, DocProbe. They will be handling all trailing…

James BetheApril 1, 2020

News Release Updates and Announcements

CBCMA Supports Down Payment Assistance During COVID-19

By RICHARD FERGUSON, President, CBC Mortgage Agency There’s a crisis upon us, and the economic repercussions are only beginning to be understood. What we do…

James BetheMarch 25, 2020

Updates and Announcements

20-10: URGENT – UPDATED YSP SCHEDULE

Everyone in our industry should be aware of the extreme volatility that exists in the financial marketplace today. Mortgage Servicing rights have lost all of…

James BetheMarch 25, 2020

The Salient Blog

Forbearance Agreements & Early Payment Default Penalties

Down Payment Assistance Can Help Bridge the Homeownership Gap

Good Credit Borrowers Still Need Down Payment Assistance

20-15: TEMPORARY SUSPENSION OF CONVENTIONAL DPA PROGRAMS

20-14: RATE ADVANTAGE AMI UPDATE TO 135%

20-13: UPDATE TO DOCPROBE

20-11: Trailing Docs Address Update

20-10: URGENT – UPDATED YSP SCHEDULE

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