Cornerstone Mortgage

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  Robert Copeland



Are You Considering Purchasing a Home?         

Are You Considering Refinancing a Home?         

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

Mortgage News:
Closing Rate Rises to Recent High
4/17/2014 1:41 AM
Last month"s closing rate for home loans was the lowest since at least 2011. Loan production employees cut the time it takes to close a loan for the second consecutive month.....The average home loan took 40 days to close last month. Turnaround improved for the second month in a row from 41 days in February.....In March of last year, th...Read More
Delinquency Better as US Bank Originations Worse
4/17/2014 1:41 AM
U.S. Bancorp managed to bring down residential delinquency levels but was unable to overcome an industry-wide slump in mortgage production.....Home loan production was 27 percent less during the three months ended March 31 than in the prior period, first-quarter earnings data indicate.....Business slowed by two-thirds fro...Read More
HEL Business Continues Higher at BofA
4/17/2014 1:41 AM
Bank of America Corp., which reported a big loss on mortgage litigation expense, managed to lift home-equity production even as overall originations moved lower.....Home-lending activity from Jan. 1 through March 31 totaled 57 percent less than during the three months ended Dec. 31, 2013. ....The Charlotte, N.C.-based company ...Read More
New Application Form in Works
4/17/2014 1:41 AM
An updated mortgage application form that is currently in the works promises to provide more industry standardization.....Originators of home loans utilize the Uniform Residential Loan Application in the origination of agency mortgages. The form is also used in many non-agency transactions.....At Fannie Mae, the loan application is Form...Read More
Moderate Decline in Originations at Guild Mortgage
4/17/2014 1:41 AM
Quarterly business was down at Guild Mortgage Co., though nowhere near as much as at its far bigger rivals.....For the three months ended March 31, the San Diego-based lender closed 15 percent less in loan production than in the fourth-quarter 2013.....Guild reported the operational data as part of its participation in Read More

Licensed by the California Department of Real Estate.  License number 01848420

Licensed by the National Mortgage License System. License number 340311

Cornerstone Mortgage 1500 Standiford Ave., Suite A1 Modesto, CA 95350
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