hud: Federal Judge grants injunction blocking Mortgagee Letter 2019-06 - 07/17/19 07:54 AM
Yesterday, a Federal Judge in St. George, UT issued an injunction blocking HUD from implementing HUD Mortgagee Letter 2019-06.  Details are still emerging, but CBC Mortgage Agency, the plaintiff, will continue its mission to serve low-to-moderate income homebuyers achieve the dream of home ownership.  
 
Mortgagee Letter 2019-06 would have forced CBC Mortgage Agency to lend only on tribal lands or to tribal members, so this injunction allows them to follow their federal charter and lend throughout the United States.  The ruling precedes a deadline of July 23rd previously set by the court and HUD to implement the Letter.  With the injunction, HUD … (1 comments)

hud: HUD's new rules on Down Payment is the top story of 2019 - 07/05/19 10:51 AM
Chenoa Fund, offered by CBC Mortgage Agency, provides 1st and 2nd mortgage products on a national level to home buyers who need assistance with their down payment. 
 
 
HUD's new rules on Down Payment is the top story of 2019 according to HousingWire.   HUD's mortgagee letter 2019-06 took effect April 18th of this year.  This was followed by a flurry of legal activity with CBC Mortgage Agency suing HUD over the rule and the court issuing a 90-day stay to hear the arguments against the Mortgagee letter.  This stay remains in effect until July 23rd, but it is anticipated that the court will make … (0 comments)

hud: Purchase Middleton Real Estate for Zero Down! - 09/05/12 10:35 AM
 
In Middleton, you can purchase a home with zero down in Idaho.  One that is special among Canyon County communities is Middleton, ID; because here you can use rural development for a zero down home purchase.  These loans are called section 502 Loans and if you meet eligibility requirements, such as geographic and income requirements, then you can purchase a home for zero down.  These loans are limited in Canyon County to the Middleton area and the other areas listed on the attached graphic.

 
Here's a link on program basics: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=pageLoad&requestInfo=GuaranteedProgramInfo&NavKey=loan@21
 
If you are looking at a house, … (1 comments)

hud: Section 184 Loans for Native Americans--It's worth asking. - 09/04/12 02:57 PM
Most Real Estate agents and loan officers don't know about Section 184 Native American Loans.  Resources for this program are few and far between, but every year, thousands of people use this valuable program to purchase homes at a steep interest rate discount and with no down payment.  Here is the information from HUD's site: 
To help increase Native access to financing, the Office of Loan Guarantee within HUD’s Office of Native American Programs, guarantees the Section 184 home mortgage loans made to Native Borrowers. By guaranteeing these loans 100%, we encourage Lenders to serve the Native Communities. This increases the … (4 comments)

 
Shawn King, Chenoa Fund--Get Signed Up. (CBCMA / CBC Mortgage Agency)

Shawn King

Chenoa Fund--Get Signed Up.

Los Angeles, CA

More about me…

CBCMA / CBC Mortgage Agency

Address: Lender Approval Chenoa Fund, Corporate Account Director , Los Angeles, CA

Office: (208) 991-8239

Mobile: (208) 991-8239

Email Me

I help correspondent lenders get approved with Chenoa Fund, offered by CBC Mortgage Agency. I've been associated with the real estate industry for over 15 years.


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