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Important News: FHA Reduces Mortgage Insurance on FHA loans after January 26th, 2015!

This means that anyone with an FHA loan is paying almost 60% more for mortgage insurance than they need to.  Consumers with FHA mortgages should consider refinancing with a FREE Streamline Refinance.








FHA Disclaimer: Cornerstone Mortgage is not acting on behalf of or at the direction of HUD/FHA or the Federal government.

Attention Homebuyers



If you are in the market to purchase a home, stop by our office at 1500 Standiford Ave., Building A for your Free Homebuyers Guide Monday-Friday 8:00 - 5:00.  This guide will give you valuable information that will help you navigate the home buying process and avoid critical mistakes. 


Here is the Latest Mortgage News:

Mortgage News:
Lending Off at Guaranteed as Servicing, Staffing Up
10/10/2015 12:14 AM
Among the first firms to report third-quarter mortgage originations was Guaranteed Rate Inc., and business was down. But servicing and staffing grew.....The Chicago-based company closed 13 percent less in residential loan production during the three months ended Sept. 30 than it did in the second quarter.....Guaranteed Rate reported its...Read More
More Than $300 Mil in Distressed Freddie Loans Sold
10/10/2015 12:14 AM
The sale of more than $300 million in deeply delinquent Freddie Mac residential loans has been completed.....A total of 1,611 non-performing Freddie Mac loans for $305 were sold on Oct. 7 through the auction process.....On average, the loans included in the transaction have been delinquent for around two years.....Read More
Over $1 Bil in Distressed Fannie Loans On MarketĀ 
10/10/2015 12:14 AM
More than a billion dollars in severely delinquent Fannie Mae residential loans are being marketed for sale.....The offering is for approximately 7,000 mortgages with an aggregate principal balance of $12 billion. The loans are non-performing.....Mortgages in the prospective transaction are held in three pools. Offers for the three pool...Read More
Weekly Refis Up On Falling Rates, ARMs Slow
10/10/2015 12:14 AM
A third consecutive week of rate declines helped nudge up new mortgage activity for the second week in a row. Refinance business moved up the most.....In the week that ended on Oct. 9, the U.S. Mortgage Market Index from OpenClose and Mortgage Daily came in at 141.....The index is determined based on average per-user rate ...Read More
Clinton Supports Tougher Financial Regulation
10/10/2015 12:14 AM
In an article written by presidential candidate Hillary Clinton, the former secretary of state and senator describes how she, if elected president, would prevent the next financial crisis.....Blaming the George W. Bush administration and Republican legislators for lax regulations that led to the crisis, Clinton writes that she would hold bank...Read More