The United South and Eastern Tribes Calls HUD’s Exclusion of Tribal Nations ‘Antithetical’ to Federal Policy The Cedar Band of Paiutes today commended the United South and Eastern Tribes Sovereignty Protection Fund (USET-SPF) resolution responding to the April 18, 2019 Department of Housing and Urban Development (HUD) issuance of Mortgagee Letter 19-06. The HUD Mortgagee […]
The Cedar Band of Paiutes applauds Senator Tom Udall’s (D-N.M.) recent remarks reprimanding a federal agency for its failure to conduct tribal consultations with regard to programs impacting Indian tribes. In response to the agency representative’s assertion that it did not engage in consultation with tribes because it was not statutorily required to do so, […]
Clay Questioned FHA Commissioner Brian Montgomery; Underscored Collecting Data on Individual Government Entities as Paramount to Extending DPA Assistance to Minority Communities CBC Mortgage Agency (CBCMA) today applauded Chairman Lacy Clay (D-Mo.) of the House Financial Services Subcommittee on Housing, Community Development & Insurance for his supportive remarks regarding down payment assistance (DPA) programs. During […]
Over the last several years reports have surfaced stating that down-payment assistance exhibit “high rates of delinquency” as in the 2018 Department of Housing and Urban Development’s (HUD) report to Congress1, “Mortgages with DPA generally exhibit higher rates of delinquency and default, and those with such assistance financed by self-identified governmental entities have higher rates […]
Introduction to Newsletter This is the first of what we are planning to be a weekly newsletter. In the newsletter we seek to provide you with important information about the Chenoa Fund in the form of: Program changes and updates Announcements Training updates, webinars, and more Marketing resources you can use with borrowers and realtors […]
NCAI Calls Upon HUD to Engage in ‘Meaningful’ Government-to-Government Consultations The Cedar Band of Paiutes today applauded the National Congress of American Indians’ (NCAI) resolution responding to the Department of Housing and Urban Development’s (HUD) issuance of Mortgagee Letter 19-06 on April 18, 2019. The HUD Mortgagee Letter attempted to assert that “tribes are acting […]
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 FHA insured mortgages on a nationwide basis to help credit-worthy, qualified buyers achieve the increasingly elusive “American Dream” of homeownership. UHOUSI is a specialized version of CBC Mortgage Agency’s (CBCMA) […]
Finding a home loan that meets your needs can feel overwhelming. The lending marketplace is vast and ever-changing, and sorting through the options is a daunting challenge, especially for first-time buyers. On top of that, lenders can tweak loans to hide the real costs, leaving novice, unsuspecting borrowers in the unaware of what they are […]
