CBC Mortgage Agency

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

Main: 866.563.3507
Servicing: 866.563.7572
Fax: 435.237.0022

February 3, 2020: Chenoa Fund Correspondent Newsletter

January 31, 2020 By

In the newsletter we will provide you with important information about Chenoa Fund. In this issue you will find:

  1. FHFA Announcement
  2. Program Guidelines 8.2 Published on January 15, 2020
  3. CBC Mortgage Agency on the Road
  4. Chenoa Fund News Releases
  5. Chenoa Fund in the News
  6. Chenoa Fund Blog Posts
  7. Marketing Resources Have Four Versions

FHFA Announcement

FHFA makes annual adjustments to the Conventional Loan Limits, and the 2020 Conventional Loan Limits have been announced. Additionally, HUD also announced that they were updating the FHA loan limits in 2020. Accordingly, CBCMA would like to formally confirm that we will be adhering to the updated 2020 Conventional Loan Limits as well as the updated 2020 FHA Loan Limits.

Program Guidelines 8.2 Published on January 15, 2020

CBC Mortgage Agency officially published its monthly update to the Program Guidelines on January 15, 2020

All previous guidelines can be found under Archive: Program Guidelines.

CBC Mortgage Agency On The Road

CBC Mortgage Agency went coast to coast this month meeting with new lenders, realtors, and homebuyers!

The first stop was Sacramento, CA, for our homebuyer event in conjunction with the UHOUSI project. With over 60+ interested homebuyers in attendance, there were several speakers who touched on the different aspects of making the leap to homeownership. CBCMA’s Tai Christensen spoke about how using down payment assistance makes the American Dream of homeownership possible.

UHOUSI Event scaled

Pastor Gouddeaux speaking to potential home buyers on down payment assistance

Next up, the team headed to Las Vegas for the IBS (International Home Builders Show). Corporate Account Executives’ Dominique and Emenyo met with home builders from all over the country and worked with them on how to offer Chenoa Fund to their buyers. We saw heavy attendance from Ohio, Texas, Georgia, Florida, and many more states from the south.

Our final stop for the month was the Big Apple for Inman Connect. A conference built for realtors, this show was amazing! With friends like Finance of America, Direct Link, and many others, it was great to meet with realtors from all over the country and educate them on the program. We connected with Presidents from each state from the National Association of Realtors and are looking forward to working with them to provide training on how to better equip their realtors with down payment assistance options.

We had a busy month on the road, but we’re excited to head to the following in February:

  • National Association of Realtors Affordability Forum (Washington, DC)
  • National Association of Registered Agents and Brokers (Las, Vegas, NV)

Have an event or training you think we should be at? Let us know at lendermarketing@chenoafund.org!

Be sure to follow our instagram to keep up with all the things happening at CBCMA!

Chenoa Fund News Releases

CBC Mortgage Agency made the following press releases over the past several weeks.

January 14, 2020-Press Release: CBC Mortgage Agency Applauds Congressional Black Caucus and Hispanic Caucus Letter Encouraging HUD to collect Individual FHA Loan Performance Data

December 23, 2019-Press Release: Cedar Band of Paiutes Lauds Bipartisan Letter Urging HUD to Follow Longstanding Tribal Consultation Policy

December 12, 2019-Press Release: Cedar Band of Paiutes Applauds New Resolution Calling for HUD to Consult with Tribes

December 10, 2019-Press Release: Cedar Band of Paiutes Applauds Sen. Tom Udall’s Remarks Reinforcing Sanctity of Tribal Consultations

December 9, 2019-Press Release: CBC Mortgage Agency Lauds Chairman Lacy Clay’s Questioning on Down Payment Assistance

Chenoa Fund in the News

The following articles have mentioned Chenoa Fund and/or CBC Mortgage Agency in the past several weeks.

January 29, 2020-MReport: Mortgage Agency Celebrates Five Years of Service

January 27, 2020-National Mortgage Professional Magazine (NMP): CBC Mortgage Agency Celebrates Five Year Anniversary

January 23, 2020-Whittier Daily News: FHA Commissioner Montgomery, leave down payment assistance alone

January 23, 2020-Orange County Register: FHA Commissioner Montgomery, leave down payment assistance alone

January 3, 2020-Mortgage Bankers Association (MBA): CBC Mortgage Agency Releases National Down Payment Assistance Study

December 22, 2019-Banker & Tradesman: Odd Lots: Don’t Let Clients Go Radio Silent

Chenoa Fund Blog Posts

January 30, 2020: As Seen in the Chrisman Report

January 29, 2020: How to Help Renters become Homebuyers with Down Payment Assistance

January 29, 2020: How to Spend $1 A Day to Generate More Mortgage Leads

January 29, 2020: How Realtors Can Spend $1 A Day to Generate More Leads

January 29, 2020: Five Tips on How to Engage Potential Hispanic Homeowners

January 24, 2020: Ten Questions Homebuyers Ask When Choosing a Loan Officer

Marketing Resources Have Four Versions

Chenoa Fund has created a variety of high-quality marketing materials (Click for Marketing Resources), including postcards, flyers, door hangers, and yard signs that you can use for creating interest in CBC Mortgage Agency (CBCMA) products and programs. Each PDF for Lenders has four versions that provide you with space for entering your contact information. Information includes:

  • Lending Partner
  • NMLS
  • Branch Location
  • Loan Officer
  • Phone
  • Email

This example shows the version that can include both lender and realtor information.

Marketing Forms

Click to download example on a program flyer.


CF1 FHAandConventional LenderV4