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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:
Mortgage Production, Servicing Up at Quicken Loans
10/26/2016 8:07 AM
In addition to a quarter-over-quarter and year-over-year increase in home lending, Quicken Loans Inc. expanded the size of its mortgage servicing portfolio.....As of Sept. 30, 2016, the Detroit-based firm serviced $229.0 billion in residential loans. The servicing portfolio grew from $215.0 billion three months earlier.....The data, alo...Read More
CFPB Chief: TRID Wasn"t So Bad
10/26/2016 8:07 AM
Integrated mortgage disclosures that went into effect last year caused much anxiety for the industry at the time. But the head of the Consumer Financial Bureau says things are moving along smoothly now.....In October 2015, disclosures required under the Truth in Lending Act and the Real Estate Settlement Procedures Act went int...Read More
Mortgage Complaints Defy Overall Complaints
10/26/2016 8:07 AM
The average volume of mortgage complaints has fallen from a year ago versus a rise in overall complaints, though there"s recently been a flip flop.....Consumers filed a monthly average of 26,134 complaints against providers of financial services during the three months ended September 2016.....Complaint volume worsened compared to the s...Read More
Mortgage Broker, Sister Convicted of Mortgage Fraud
10/26/2016 8:07 AM
A Pennsylvania man and his sister have been tried for and convicted of committing mortgage fraud through his mortgage brokerage business.....James Nassida owned and operated Century III Home Equity. His sister, Janna Nassida, was a manager and loan originator for the firm.....According to federal prosecutors, loans originated through th...Read More
Mortgage Bankers Raise Refi Outlook Over $250 Bil
10/26/2016 8:07 AM
Mortgage bankers have lifted their estimate of overall originations from last year through 2018 by more than $300 billion -- including an over $250 billion boost to refinances.....Overall mortgage originations are expected to amount to $470 billion during the final-three months of this year then fall to $400 billion in the first three months ...Read More