Cornerstone Mortgage

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Robert Copeland - Broker

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     Cornerstone Mortgage     1500 Standiford Ave, Suite A1 Modesto, CA  953550

Mortgage News:
Mortgage Metrics Improve from Q1 at SunTrust
7/22/2014 8:38 PM
On a quarter-over-quarter basis, residential loan originations, home loan delinquency and mortgage production earnings were all better at SunTrust Banks Inc.....The Atlanta-based company closed 31 percent more in mortgages from April 1 through June 30 than in the previous three-month period, earnings data indicate.....But, in line with ...Read More
Existing Home Sales Rise, But Still Restrained
7/22/2014 8:38 PM
Sales of existing homes climbed to the highest pace in eight months, though weak economic conditions are keeping activity from being more vigorous.....Last month, existing home sales accelerated to an annual rate of 5.04 million units on a seasonally adjusted basis.....It was the first time since October of last year that the annual pac...Read More
Prison for Former BofA Short Sale Employee
7/22/2014 8:38 PM
The case of a former Bank of America Corp. employee who was sentenced this week for participating in a short sale fraud scheme was by no means isolated.....The employee worked in a distressed home loan unit for BofA located in Southern California where he handled short sale approvals.....But instead of acting in the best interest of his...Read More
Lawsuit alleges material misrepresentations on loans
7/22/2014 8:38 PM
CitiMortgage Inc. is suing the former owners of a defunct mortgage banker alleging that it was defrauded on several loans it acquired from the lender.....Chicago Bancorp had been one of the largest privately held retail mortgage banks in the country before it was dissolved in 2012, according to the lawsuit filed in U.S. District Court for the...Read More
PHH Challenging Huge Award in Modification Lawsuit
7/22/2014 8:38 PM
A PHH Corp. mortgage unit is challenging a huge jury verdict in a lawsuit alleging that it botched a loan modification for a California borrower.....The jury awarded the borrower more than $0.5 million in compensatory damages and nearly $16 million in punitive damages.....PHH Mortgage Solutions allegedly mishandled a loan modi...Read More