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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:
 
MI Has Biggest Mortgage Job Gains, NC Most Losses
7/24/2016 9:18 PM
Quarterly hirings in the Motor City helped Michigan secure the biggest gains in mortgage employment, while the nation"s biggest home lender was behind the state with the most mortgage job losses.....As of March 31 of this year, there were an estimated 624,800 people who were employed in the mortgage industry.....The total is based on a ...Read More
 
Mortgage Expansion at PRMI
7/24/2016 9:18 PM
An increase in residential lending at Primary Residential Mortgage Inc. was accompanied by more loans added to its mortgage servicing portfolio and more employees added to its staff.....There were 45 percent more in home loans closed during the three months that ended on June 30 of this year than were originated during the previous three-mont...Read More
 
Strong Quarter at Stearns Lending
7/24/2016 9:18 PM
Quarterly home lending climbed by more than a third at Stearns Lending Inc., while the mortgage servicing portfolio increased and staffing expanded.....Residential loan production at Stearns from April 1 through June 30 of this year came to 34 percent more than during the first-three months of 2016.....The statistics, along with ot...Read More
 
Mortgage Refinances Retreat as Rates Rise
7/24/2016 9:18 PM
As mortgage rates ascended for the second straight week, new mortgage activity declined -- with refinance business taking a bigger hit than purchase financing.....The U.S. Mortgage Market Index from Mortgage Daily, a reflection of average per-user rate locks by OpenClose clients, landed at 177 in the week ended July 22...
Read More
 
SunTrust Home Loan Activity Flourishes
7/24/2016 9:18 PM
On point with top mortgage lending peers, SunTrust Banks Inc."s quarterly production picked up speed. It also saw its servicing and investment portfolios grow.....From April 1 through the end of last month, SunTrust saw a nearly one-half increase in residential loan originations from what it originated in the first quarter.....The Atlan...Read More