Chenoa Fund Chenoa Fund Blog CBC Mortgage Agency

Updates and Announcements

19-10: HUD Mortgagee Letter Update

CBC Mortgage Agency obtained a Court Order stating the effective date of FHA Mortgagee Letter 19-06 for 90 days from April 24th, the date of…

James BetheApril 25, 2019

Updates and Announcements

HUD Mortgage Letter 2019-09: Restraining Order & HFAs

Subject: HUD's Mortgage Letter HUD’s issuance of Mortgagee Letter 19-06 without following the Administrative Procedures Act was unlawful and has caused confusion and concern in…

James BetheApril 23, 2019

Updates and Announcements

Dear Home Buyer

Dear Home Buyer: We believe that the FHA recently violated federal law by making changes to its insurance program that may prevent us from helping…

James BetheApril 22, 2019

Updates and Announcements

19-08: HOMEREADY CONDO HIT

Effect as of 4/8 there will no longer be a Condo adjustment applied to HomeReady loans. However, the Condo adjustment will still apply to Conventional…

James BetheApril 15, 2019

Updates and Announcements

19-07: CBC SUB-SERVICER ADDRESS

Please see that CBC's sub-servicer of the second liens Statebridge Company has updated their payment address. For the goodbye letters or first payment letters with…

James BetheApril 11, 2019

Updates and Announcements

FHA QM Rebuttable Presumption Update | Chenoa Fund

Please Note: The following announcement was sent out from 3/1/19-3/4/19. The following will no longer be required and can be disregarded. "Beginning April 1, 2019,…

James BetheMarch 27, 2019

Updates and Announcements

19-05: South Carolina Minimum Loan Amount

Section 37-22-190 of Title 37 (Ch. 22) of the South Carolina Consumer Protection Codes states a security interest in a borrower's principal dwelling cannot be…

James BetheMarch 21, 2019

Chenoa Talk

CBC Mortgage Partners with UHOUSI to Expand Homeownership

The UHOUSI Initiative is an effort to increase responsible homeownership among African Americans, other minorities and millennials. UHOUSI combines the much-needed down payment assistance with…

James BetheMarch 16, 2019

Updates and Announcements

19-04: FHA QM REBUTTABLE PRESUMPTION

Beginning April 1, 2019, CBC Mortgage Agency will require all FHA QM Rebuttable Presumption loans to include a Residual Income Worksheet prior to CBC’s purchase…

James BetheMarch 1, 2019

The Salient Blog

19-10: HUD Mortgagee Letter Update

HUD Mortgage Letter 2019-09: Restraining Order & HFAs

Dear Home Buyer

19-08: HOMEREADY CONDO HIT

19-07: CBC SUB-SERVICER ADDRESS

FHA QM Rebuttable Presumption Update | Chenoa Fund

19-05: South Carolina Minimum Loan Amount

CBC Mortgage Partners with UHOUSI to Expand Homeownership

19-04: FHA QM REBUTTABLE PRESUMPTION

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