Updates and Announcements Archives - Page 14 of 19 - CBC Mortgage Agency

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May 09

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Chenoa Fund Correspondent DPA – Accepting Loan Applications

By James Bethe Updates and Announcements

This email is being provided to confirm that Chenoa Fund is accepting loan applications for all of its down payment assistance programs. These programs include:…

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May 06

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Cedar Band Corporation Puts Profits to Work for the Community

By James Bethe Updates and Announcements

May 6, 2019 Cedar City, UT – In 2013, the Cedar Band of Paiute Indians decided to diversify its economic efforts by launching a mortgage…

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Apr 25

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19-10: HUD Mortgagee Letter Update

By James Bethe Updates and Announcements

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…

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Apr 23

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HUD Mortgage Letter 2019-09: Restraining Order & HFAs

By James Bethe Updates and Announcements

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…

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Apr 22

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Dear Home Buyer

By James Bethe Updates and Announcements

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…

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Apr 15

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19-08: HOMEREADY CONDO HIT

By James Bethe Updates and Announcements

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…

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Apr 11

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19-07: CBC SUB-SERVICER ADDRESS

By James Bethe Updates and Announcements

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…

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Mar 27

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FHA QM Rebuttable Presumption Update | Chenoa Fund

By James Bethe Updates and Announcements

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,…

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Mar 21

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19-05: South Carolina Minimum Loan Amount

By James Bethe Updates and Announcements

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…

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Mar 01

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19-04: FHA QM REBUTTABLE PRESUMPTION

By James Bethe Updates and Announcements

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…

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866–563–3507

CBC Mortgage Agency
NMLS: 1186381
912 W. Baxter Drive, Suite 150
South Jordan, Utah 84095

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The Chenoa Fund® program has not been reviewed or approved by HUD or FHA. This site is for information purposes and is used by licensed industry professionals. The site and the information contained therein is not a solicitation to lend money to consumers. For licensing information, go to: www.nmlsconsumeraccess.org. Illinois Residential Mortgage License #MB.6761292. Illinois Department of Financial and Professional Regulation, Division of Banking, 100 West Randolph, 9th Floor, Chicago, IL 60601 – 1-888-473-4858. Georgia Residential Mortgage Licensee, License # 1186381. The Chenoa Fund program is not currently offered in New York.

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