Chenoa Fund Blog

06/03/2021 All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 06/03/2021 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 the program guidelines changes … Continue reading "21-06-03 Announcement—June 3 2021 Program Guidelines Update"

Did you know that June is National Homeownership Month? This is a great time to celebrate and recognize being a homeowner or striving to achieve homeownership. Choosing to become a homeowner is an impactful decision that is very rewarding, but following through may take a lot of blood, sweat, and tears. In this article we … Continue reading "Celebrating June’s National Homeownership Month"

Interest rates are starting to rise making refinances for homeowners more of a challenge. Last year’s unprecedented low interest rates created a huge demand that helped many lenders access a large amount of refinance opportunities, but as refinances start to slow down lenders will need to shift their focus towards home purchases. In this article … Continue reading "4 Tips Lenders Can Use to Prepare for the Upcoming Refinance Dry Spell"

CBC Mortgage Agency has been offering the Chenoa Fund down payment assistance program since about 2016, helping tens of thousands of borrowers each year purchase a home. As a nationwide program, Chenoa Fund has the advantage of being able to offer a unified set of program guidelines with competitive rates and SRPs; in other words, … Continue reading "The Chenoa Challenger in Arizona: Making Future Homeowners the Winner"

05/20/2021 All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 05/20/2021 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 the program guidelines … Continue reading "21-05-20 Announcement—May 20 2021 Program Guidelines Update"

“Hello, my name is Bob and I’ll find you the home of your dreams.” “Hi, my name is Jane and I know the area very well.” “Oh, hey there, my name is Larry, I’ll find you the perfect home to fit your budget.” Ahh…. Sounds overwhelming right? That’s what looking for a home sounds like … Continue reading "3 Ways To Stand Out From The Crowd As A Real Estate Agent"

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. … Continue reading "21-05-13 Announcement—Chenoa Fund Rates in Arizona"

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 … Continue reading "21-05-12 Announcement—Fees to Originator – QM Points and Fees: CBC Mortgage Agency Policy"

CBC Mortgage Agency is excited to help make an impact in our Native American community when it comes to providing assistance for first-time homebuyers in a highly competitive market. Our goal is to increase homeownership through the Kani Urban Indian Housing Initiative, an outreach program that focuses on providing down payment assistance to urban Indians … Continue reading "Helping Native Americans Become First-time Homebuyers With The Kani Urban Indian Housing Initiative"

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 … Continue reading "21-05-06 Announcement—May 6 2021 Program Guidelines Update"