Cornerstone Mortgage

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Robert Copeland - Broker

Are You Considering Purchasing a Home?         

Are You Considering Refinancing a Home?         

If so, We offer:



   Stop by our office for your     Free Homebuyers Guide  Monday-Friday 8:00 - 5:00


     Cornerstone Mortgage     1500 Standiford Ave, Suite A1 Modesto, CA  953550

Mortgage News:
HUD Secretary Says Mortgage Credit Too Tight
9/16/2014 10:29 PM
Department of Housing and Urban Development Secretary Julián Castro says more people need to gain access to home financing.....The HUD secretary said that bad loans and risky secondary market products from a few years ago were responsible for the housing crisis.....While it might have been too easy to obtain approval for a h...Read More
NY Hard Money Lenders Under Investigation
9/16/2014 10:29 PM
Financial services firms making hard money loans are being investigated by a New York regulator for potential predatory lending practices.....Such lenders originate loans secured by a borrower"s residence or another property. The loans have short terms, high interest rates and numerous up-front fees.....Borrowers are not typically evalu...Read More
Serious Delinquency Deteriorates on 1st Mortgages
9/16/2014 10:29 PM
The rate of serious delinquency on first mortgages moved modestly higher last month, while the rate on second mortgages slipped to a record low.....Consumer credit delinquency of at least 90 days was 1.03 percent in August, creeping up from the previous month"s 1.01 percent.....In August of last year, the rate of 90-day delinquency on c...Read More
Ratings Agencies Lose Appeals
9/16/2014 10:29 PM
Appeals filed by a pair of ratings agencies in a lawsuit alleging massive losses suffered as a result of rosy ratings on mortgage securities have been dismissed.....The lawsuit was filed in 2009 by the California Public Employees" Retirement System against Fitch, Moody"s Investors Service and Standard & Poor"s -- though Fitch previously s...Read More
Lender Penalized for Denying Loan on Indian Reservation Property
9/16/2014 10:29 PM
A residential lender that denied a Native American couple"s loan request because their property is on an Indian reservation ended up settling with the couple.....The couple, whose primary residence is located on a Native American reservation in Belcourt, N.D., originally applied for a refinance with Read More