CBC Mortgage Agency introduced temporary rate buydowns to its down payment assistance program for FHA first mortgage financing, the lender announced in a press release. Borrowers have access to either a 2-1 or 1-0 buydown, easing the financial burden on first-time buyers for the first few years of homeownership. “The addition of a 2-1 and…
CBC Mortgage Agency is celebrating its 10-year anniversary by rebranding its correspondent investor and Chenoa Fund Program. The Chenoa Fund has assisted more than 42,000 families with down payments since May 2013 and operates in 49 states and territories. Roughly 75% of the homebuyers who receive down-payment assistance from CBC Mortgage are first-time homebuyers, and…
Mark Leslie is joining CBC Mortgage Agency as director, capital markets, the company announced in a press release. “During my 22 years as a mortgage trader, I’ve worked through several extreme mortgage market cycles that taught me invaluable lessons that apply to today’s high-rate environment,” Leslie said. “I look forward to using this experience to…
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