Cornerstone Mortgage

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Robert Copeland - Broker

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

Mortgage News

Ocwen Originations, Servicing and Earnings Worsen
10/31/2014 9:53 PM
In addition to swinging to a big quarterly loss, Ocwen Financial Corp."s originations moved lower, and its mortgage servicing portfolio contracted.....During the three months ended Sept. 30, Ocwen originated 4 percent less than it did during the second quarter, earnings data indicate.....Business at the Atlanta-based mortgage company wa...Read More
McLean Mortgage Lifts YOY Originations
10/31/2014 9:53 PM
McLean Mortgage Corp. is one of the only companies that were able to lift residential loan production from a year earlier.....Third-quarter home lending volume at the mortgage banker totaled 4 percent more than during the previous three-month period.....The Fairfax, Va.-based firm reported the operational data as part of the Mortgage...Read More
New Business More Than Doubles at Arch M.I.
10/31/2014 9:53 PM
The latest quarter was a spectacular one for Arch Mortgage Insurance Co., with new business more than doubling and delinquency declining.....New mortgage insurance written at the Walnut Creek, Calif.-based company between July 1 and Sept. 30 totaled 111 percent more than during the second quarter.....The operational data for the mortgag...Read More
Mortgage Rates Rise On Strengthening Economy
10/31/2014 9:53 PM
Mortgage rates bounced off last week"s 2014 lows as optimism increased about the labor market and the Federal Reserve moved forward with its plans to end its quantitative easing strategy.....Thirty-year fixed rates averaged 3.98 percent in Freddie Mac"s Primary Mortgage Market Survey for the week ended Oct. 30.....The 30 year cli...Read More
7th Yr of Growth Likely for CRE Loan Originations
10/31/2014 9:53 PM
The origination of commercial real estate loans is forecasted to reach seven consecutive years of growth and surpass any year since the financial crisis.....Commercial mortgage production by all U.S. lenders this year is expected to expand by 6 percent increase over 2013.....Production is expected to climb another 8 percent next year an...Read More