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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:
 
Biggest Mortgage Originators, Servicers Shuffled
10/22/2017 5:29 PM
Among the 10-biggest mortgage originators, two companies ascended one notch. Credit unions grabbed market share from banks. Among servicers, one firm was bumped off the top-10 list.....From April 1, 2017, through mid-year 2017, an estimated $467 billion in U.S. single-family assets were originated based on data collected by Mortgage Daily.Read More
 
West Leads Modest Rise in Existing Home Sales
10/22/2017 5:29 PM
The first increase in existing home sales during the last four months was led by sales in the West. Hurricanes likely restrained activity in the South.....Sales of pre-owned single-family houses, townhomes, condominiums and co-operatives during September were determined to be a preliminary 465,000 units.....Last month"s existing home sa...Read More
 
Weekly VA Mortgage Business Rises to 4-Month High
10/22/2017 5:29 PM
rospective mortgage origination activity ascended from the holiday week, with adjustable-rate mortgages seeing the strongest gain. Lending activity for veterans climbed to the highest level in over four months.....During the seven days that concluded on Oct. 20, the U.S. Mortgage Market Index from Mortgage Daily, which is determ...Read More
 
SunTrust"s Mortgage Income, Originations Drop
10/22/2017 5:29 PM
Home lending and mortgage earnings weakened from a year ago at SunTrust Banks Inc., though earnings improved on a quarter-over-quarter basis. Delinquency deteriorated.....From July 1, 2017, through Sept. 30, income before the provision for income taxes was $765 million, according to SunTrust"s third-quarter earnings report.....Income at...Read More
 
Stearns Lending Cutting Southern California Jobs
10/22/2017 5:29 PM
Well over a hundred mortgage jobs are being eliminated by Stearns Lending LLC. The impacted employees are located in the Golden State.....Data provided last year by the Santa Ana, California-based mortgage banking firm indicated national staffing exceeded 2,000 people.....Headcount had more than doubled fromĀ  five years earlier, wh...Read More