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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:
 
Quarter-Over-Quarter Mortgage Gains at Fifth Third
7/23/2017 5:44 AM
The volume of home-lending activity at Fifth Third Bancorp ascended from the previous quarter, as did mortgage income and the size of the servicing portfolio.....Earnings before income taxes were $494 million in the three months ended June 30, growing from $427 million in the same three-month period last year.....Those metrics, as well...Read More
 
Alleged HECM Scheme Settled
7/23/2017 5:44 AM
The federal government has negotiated a settlement with a man who is accused of abusing the federally insured reverse mortgage program.....Alexander Olympus Zarris was marketing condominium units at a development that is located in Tarpon, Springs, Florida.....Zarris targeted elderly buyers and utilized the Federal Housing Administratio...Read More
 
Q3 Mortgage Origination Forecast Lifted
7/23/2017 5:44 AM
Mortgage banking economists have improved their outlook for loan originations during the current quarter. Full-year expectations have risen for three months in a row.....From July 1, 2017, through Oct. 31, home-lending volume is expected to reach $455 billion. In the final quarter of this year, production is projected at just $348 billion.Read More
 
Mortgage Originations, Servicing Up at SunTrust
7/23/2017 5:44 AM
In addition to lifting its quarterly home lending, SunTrust Banks Inc. grew its residential loan servicing portfolio. But mortgage earnings deteriorated.....Income before the provision for income taxes at the bank-holding company amounted to $752 million during the three months that concluded on June 30.....Atlanta-based SunTrust provid...Read More
 
Mortgage Rates Retreat, VA Rates Lowest
7/23/2017 5:44 AM
An impressive improvement was reported for weekly mortgage rates. On a monthly basis, rates on residential loans for U.S. veterans were the lowest.....In June, thirty-year note rates on single-family loans averaged 4.27 percent, according to Ellie Mae Inc."s June 2017 Origination Insight Report.....Mortgage rates deflated compare...Read More