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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:
 
LO Busted for Reverse Mortgage Fraud
6/23/2017 8:38 PM
A loan officer who originates reverse mortgages has been charged with committing mortgage fraud and not completing promised home repairs.....Mark Steven Diamond is a loan originator who has offices in Illinois. He also handles home repairs for homeowners who were solicited by Cynthia Wallace.....Diamond"s customer prospects are homeowne...Read More
 
Mortgage Lending Forecasted to Fall After Q2 Peak
6/23/2017 8:38 PM
After peaking during the current quarterly period, single-family loan production is projected to retreat for the foreseeable future.....During the three months ended June 30, 2017, U.S. residential loan originations are expected total $512 billion, the biggest quarter of the year.....New mortgage volume is then expected to decline to $4...Read More
 
Quicken Loans Founder Wealthiest in Michigan
6/23/2017 8:38 PM
The founder and owner of Detroit-based Quicken Loans Inc. has been ranked as the richest person in the state of Michigan.....Dan Gilbert has an estimated net worth of nearly $6 billion, according to Forbes.com"s latest rankings of the richest individuals in every state.....In addition to Quicken -- Gilbert is the majority owner o...Read More
 
South, West Drive Up U.S. Home Sales
6/23/2017 8:38 PM
A surge in new home sales in the South and the West was enough to offset a plunge in residential sales in the Northeast and Midwest.....On a preliminary basis, the sale of 58,000 new, privately owned, single-family houses were completed during all of May 2017.....New home sales edged up from an upwardly revised 57,000 the one month prio...Read More
 
Top Latino Mortgage Originator Is At PrimeLending
6/23/2017 8:38 PM
The latest ranking of Latino mortgage originators is out, and PrimeLending is the employer of the No. 1 producer. The overall group nudged up annual lending.....Production for the country"s 250 top-producing Latino loan originators amounted to 33,345 loans with an aggregate principal balance of $8.19 billion in 2016.....That was stronge...Read More