Cornerstone Mortgage

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Robert Copeland - Broker

Are You Considering Purchasing a Home?         

Are You Considering Refinancing a Home?         

If so, We offer:



   Stop by our office for your     Free Homebuyers Guide  Monday-Friday 8:00 - 5:00


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

Mortgage News:
Jumbo Leads Decline in Weekly Mortgage Activity
10/26/2014 12:54 AM
With jumbo business leading the way, new mortgage activity tumbled following the spectacular improvement registered the previous week. An increase in jumbo rates outpaced the increase in conforming rates.....The U.S. Mortgage Market Index from LoanSifter/Optimal Blue and Mortgage Daily landed at 205 for the week ended Oct. 24.Read More
Monthly Home Loan Performance Improves
10/26/2014 12:54 AM
The number and share of past-due home loans improved in September both on a month-over-month basis and a year-over-year basis.....As of the close of business last month, 3,771,000 residential loans were either past due at least 30 days or in the foreclosure pre-sale inventory.....That was 137,000 fewer delinquent loans than as of Aug. 3...Read More
Freddie Refinances Soar
10/26/2014 12:54 AM
Although monthly refinances turned lower for Fannie Mae loans, the story was a different one at rival Freddie Mac.....During August, there were 131,075 Fannie and Freddie home loans that were refinanced. Activity moved up from 119,699 transactions the previous month.....But refinance volume has plummeted compared to the same month last ...Read More
Wingspan Confirms Founder Out as CEO
10/26/2014 12:54 AM
Wingspan Portfolio Advisors LLC has confirmed that its founder has been ousted from his chief executive officer role as the company unloads a subsidiary and gets a capital infusion.....Steven Horne founded the Dallas-based company in 2008. He has served as president and CEO since its founding.....Under his leadership, staffing at Wingsp...Read More
Regions Refinance Originations Rise
10/26/2014 12:54 AM
Despite a dip in purchase mortgage financing at Regions Financial Corp."s, an increase in refinancing pushed overall home lending higher.....In its third-quarter earnings report, Regions said it originated 1 percent more in mortgages during the three months ended Sept. 30 than in the second quarter.....Residential loan production, howev...Read More