Today's Date: March 3, 2021
American Eagle Outfitters Reports Fourth Quarter Results   •   Chloe Wine Collection Announces Two Initiatives in Celebration of Women’s History Month   •   The 58th Design Automation Conference Opens Call for Nominations for the Prestigious Marie R. Pistilli Award   •   The Paley Center For Media Announces Quarterly Series Exploring Media's Powerful Shaping Role In Providing A Diverse And Inclusi   •   1863 Ventures, Leading Incubator of Black and Brown Entrepreneurs, Launches 3Rs Business Development Program   •   Finley's, A Mission-Driven Dog Treat Company, Expands National Pawprint Through Major Retail Distribution Partnerships   •   Bill to Support Women In Trucking Association's Mission Reintroduced in Bipartisan effort   •   Ice Cube Expands 'Contract with Black America' to Highlight Issues Facing Black American Women and the Sports Industry   •   Kia Announces 2021 Niro Hybrid And PHEV Model Changes   •   siggi’s Announces New Lower Sugar Yogurt Line and Expansion of Plant-Based Offerings   •   Study: Record Number of Women Dealing With Financial Stress; Fidelity Launches Month-Long Virtual Pop-Up of Special Events and A   •   Top BASIS Charter School Educators Will Lead New Campus in Baton Rouge   •   Rite Aid Expands Commitment to Improving Chemical Management and Product Safety   •   DKT International Spotlights International Women’s Day Activations and Celebrates Female Employees Making an Impact on Glo   •   Investments & Wealth Institute's Women in Wealth Week Set to Help Women Level the Playing Field   •   Hertz's Laura Smith Honored as a Top 50 Women in Travel   •   American Jewish Committee Decries ICC Prosecutor's Decision to Investigate Israel   •   Health Insurance Providers Commit to Help Millions of Seniors in Underserved Communities Receive COVID Vaccines   •   Cedar Fair Announces Availability of 2020 K-1 Tax Packages   •   LifeNet Health launches "One Hero campaign" to increase organ donation and transplantation in African American and Black communi
Bookmark and Share

CBC Mortgage Agency Supports HUD's DACA Policy Update

CBC Mortgage Agency Supports HUD's DACA Policy Update

HUD announces that homebuyers classified under DACA can apply for FHA mortgages

--More than one quarter of CBC Mortgage Agency's first-time homebuyers are Hispanic--

PR Newswire

CEDAR CITY, Utah, Jan. 21, 2021 /PRNewswire/ -- CBC Mortgage Agency (CBCMA), a nationally chartered housing finance agency and a leading source of down payment assistance for first-time homebuyers, welcomed the U.S. Department of Housing and Urban Development's decision to allow individuals classified under the "Deferred Action for Childhood Arrivals" program (DACA) to apply for mortgages insured by the Federal Housing Administration. Hispanics, who make up more than 85 percent of all DACA recipients, already account for over one quarter of CBCMA's borrowers.

The DACA update, which clears up confusion about whether DACA recipients qualify for FHA loans, was outlined Wednesday by HUD in FHA INFO #21-04. HUD stated that homebuyers who are classified as DACA and are legally permitted to work in the U.S. can now begin applying for FHA loans.

"We applaud outgoing HUD Secretary Ben Carson and Deputy Secretary Brian Montgomery for making this important update," CBC Mortgage Agency President Miki Adams said.

A majority of borrowers who utilize down payment assistance from CBCMA are minorities who often don't have the financial support of relatives to help them with the cost of buying a home. In addition, they often lack the dinner table discussions with their families about the benefits of homeownership. 

"The mission of our CBCMA team is to help those without intergenerational wealth achieve the dream of homeownership," Adams added, "Because Hispanics already make up more than 26 percent of our community of borrowers, it is very gratifying to be able to expand the number of Latino families we serve as a result of HUD's decision."

In addition to offering down payment assistance on FHA-insured mortgages, CBCMA provides prospective homebuyers with free counseling about owning a home before their purchase and for 18 months after they become homeowners.

About CBC Mortgage Agency

Founded in 2013, CBC Mortgage Agency is a nationally chartered housing finance agency. As a leading source of down payment assistance, the company helps low-to-moderate income consumers, often in minority neighborhoods, achieve the dream of homeownership. CBCMA, which was recognized as one of the Top 25 Companies in Mortgage & Servicing by MReport, is a wholly owned subsidiary of Cedar Band Corp., a federally chartered tribal corporation founded by the Cedar Band of Paiute Indians. More information can be found at

Press Contact:

Sam Garcia, Publicist

Strategic Vantage Marketing & Public Relations

214.762.4457 |

Cision View original content:

SOURCE CBC Mortgage Agency

Back to top
| Back to home page

White House Live Stream
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Sounds Make the News ®
Atlanta - WAOK-Urban
Berkley / San Francisco - KPFA-Progressive
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
Washington - WOL-Urban

Listen to United Natiosns News