Cornerstone Mortgage

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Robert Copeland - Broker

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Are You Considering Refinancing a Home?         

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

Mortgage News

7th Yr of Growth Likely for CRE Loan Originations
10/30/2014 6:41 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
Refinance Marketing Picks Up
10/30/2014 6:41 PM
As interest rates on home loans have fallen below 4 percent, many mortgage firms are opening the marketing spigot to lure prospective refinance borrowers.....When demand waned earlier this year and refinance activity slowed, residential lenders backed away from marketing their refinance programs.....But fixed mortgage rates have since c...Read More
Mortgage Originations Jump at Quicken
10/30/2014 6:41 PM
Home lending activity was up by nearly a fourth on a quarter-over-quarter basis at Quicken Loans Inc. The servicing portfolio expanded.....Residential loan originations at the Detroit-based company were 23 percent higher during the three months ended Sept. 30 than in the second quarter.....The performance data was provided by Quicken as...Read More
Judge Tosses Most of Huge Jury Award Against PHH
10/30/2014 6:41 PM
A more than $16 million jury award against PHH Mortgage Services has been mostly thrown out by the judge in the case.....The PHH Corp.-subsidiary was sued by a California borrower who had filed bankruptcy then obtained a loan modification.....According to the lawsuit filed in a California superior court, the borrower began rec...Read More
Apartment Loan Securitizations Soar at Fannie
10/30/2014 6:41 PM
The volume of apartment loans securitized by the Federal National Mortgage Association nearly doubled on a quarter-over-quarter basis.....Fannie Mae reported that it issued around 98 percent more in multifamily mortgage-backed securities during the third quarter than three months earlier.....Compared to the three months ended Sept. 30, ...Read More