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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 Lending Down, Staff Trimmed at Alaska USA
2/9/2016 1:20 AM
Quarterly home lending contracted at Alaska USA Federal Credit Union, while the size of the firm"s mortgage staff was trimmed.....The financial institution closed 24 percent less in volume from Oct. 1 through Dec. 31 of last year than during the third quarter.....That was according to data that was provided as part of the Mortgage Da...Read More
 
Ditech Origination President Out
2/9/2016 1:20 AM
The president of Ditech Financial LLC"s originations unit is leaving the firm just months after taking on the role, and her counterpart in servicing will take over her job.....In September 2015, Walter Investment Management Corp. disclosed that subsidiaries Ditech Mortgage Corp. and Green Tree Servicing LLC were consolidated.....As part...Read More
 
Multiple Mortgage Topics Addressed at Conferences
2/9/2016 1:20 AM
Multiple mortgage servicing conferences are among upcoming industry events -- though other conventions will touch upon mortgage fraud, licensing and banking. Also ahead are conferences covering mortgage-backed securities and litigation.....The Mortgage Bankers Association is holding its National Mortgage Servicing Conference & Expo 201...Read More
 
Year Over Year Growth at Churchill Mortgage
2/9/2016 1:20 AM
Quarterly mortgage originations were modestly higher than a year earlier at Churchill Mortgage Corp., while the size of the lender"s staff expanded.....For the three months ended Dec. 31, 2015, the Brentwood, Tennessee-based firm closed less than 1 percent more than the final quarter of 2014.....The numbers, along with other operational...Read More
 
Former SunTrust Executive, Relatives Convicted
2/9/2016 1:20 AM
A former executive at SunTrust Mortgage Inc., his wife and two brothers-in-law have been convicted for running a mortgage fraud scheme.....Back in 2005, Mohsin Raza was employed at Bank of America Corp. SunTrust recruited Raza at that point to work as a vice president.....According to court documents, Richmond, Virginia-based SunTrust h...Read More