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:
 
Proprietary Reverse Mortgage Originations Tumble
9/18/2014 2:41 PM
While government-insured reverse mortgage originations have recently been subsiding, the decline has been more pronounced with proprietary production. ....Of the 4,091 home-equity conversion mortgages that were endorsed by the Federal Housing Administration in July, 2,319 were originated by retail originators.....HECM production ge...Read More
 
Home Builder Optimism at Highest in Nearly a Decade
9/18/2014 2:41 PM
Residential home builders are more optimistic than they have been in nearly a decade. Their six-month outlook is most promising.....The National Association of Home Builders/Wells Fargo Housing Market Index landed at 59 for the month of September.....That was the highest level since November 2005 for the index, which gauges build...Read More
 
Government Sees Massive Recoveries from Whistleblowers
9/18/2014 2:41 PM
Whistleblower actions have helped the U.S. government amass a mountain of cash from financial institutions, and modifications to one law could lead to more cash and prosecutions.....Since 2009, the Department of Justice has brought more than 60 cases against financial institutions. Recoveries from those actions exceed $85 billion.....Bu...Read More
 
Merger Creating a New Top-20 Mortgage Lender
9/18/2014 2:41 PM
The upcoming merger of two independent lenders will create a mortgage banker that would have ranked among the 20-biggest originators last year.....An announcement Wednesday indicated that Irving, Texas-based Caliber Home Loans Inc. has reached an agreement to acquire Cobalt Mortgage Inc.....The acquisition of Kirkland, Wash.-based Cobal...Read More
 
Mortgage Market Conditions Deteriorate
9/18/2014 2:41 PM
Fewer lenders see home prices rising, while more said it was hard to get a home loan, according to a survey of senior mortgage executives. The outlook is for weakening mortgage demand.....Less than half of the respondents predicted that home prices will increase over the next 12 months, declining from 58 percent in the second quarter...Read More