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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:
 
New Home Sales Down From July"s Stellar Level
9/26/2016 1:56 PM
The nation"s new home sales slowed in August, though they still remain strong. While sales in the Northeast plunged, they moved higher in the West.....Last month, the sale of new U.S. homes preliminarily totaled 50,000 units, slowing from July"s nearly nine-year high of 57,000 new houses sold.....But despite the month-over-month decline...Read More
 
Genworth Easing Requirements
9/26/2016 1:56 PM
In conjunction with updates being made to the Federal National Mortgage Association"s automated underwriting system, Genworth Mortgage Insurance is making changes of its own.....Loans with nontraditional credit that receive an approve/eligible recommendation from Fannie Mae"s Desktop Underwriter will be eligible for delivery on a delegated or...Read More
 
Fund Launched to Subsidize Mortgage Broker Startups
9/26/2016 1:56 PM
A new initiative will provide individual loan originators with $10,000 to help them start up their own new mortgage brokerage firm.....The KickStart program has been launched to grow the broker channel, the National Association of Mortgage Brokers announced Friday.....According to NAMB, which also operates as the Association of Mortgage...Read More
 
Fay Servicing Hiring in Florida
9/26/2016 1:56 PM
With the opening of a new regional facility in Florida, Fay Servicing LLC plans to staff the location with a hundred new employees.....The Chicago-based mortgage servicer is opening a new office in Tampa, Florida, that will be its southeastern regional headquarters.....Fay Servicing, which already employs more than 500 people across the...Read More
 
La. Mortgage Firm"s Staff Up 73% Since Jan 2015
9/26/2016 1:56 PM
As Eustis Mortgage expands its brands by creating new subsidiaries, it has grown its staffing by more than 70 percent since last year.....Eustis has launched three new brands since January 2015: Finance Home America, Verity Mortgage and Prosperity Mortgage Advisors.....The New Orleans-based company provides operational support for the s...Read More