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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:
Mortgage Conferences Cover Compliance, Technology
9/19/2017 7:01 PM
Topics to be covered at several upcoming mortgage-related events include compliance risk, housing risk and mortgage technology. One forum will tackle multifamily issues.....The Wild Horse Pass Casino and Hotel in Chandler, Arizona, is the location of the Arizona Mortgage Expo 2017 on Oct. 6 and Oct. 7. The event, which is sponsored by ...Read More
MBS Issuance Up at Ginnie Mae
9/19/2017 7:01 PM
As the Government National Mortgage Association"s book of business continued to grow, a month-over-month increase in issuance was recorded.....As of Aug. 31, 2017, there were $1.8706 trillion in Ginnie Mae mortgage-backed securities outstanding, according to monthly operational data.....The Washington-based organization"s book of busine...Read More
Mortgage Fraud Risk Rises, Could Climb Higher
9/19/2017 7:01 PM
A growing share of purchase-money and wholesale lending has helped to push up the risk of mortgage fraud. Also contributing were jumbo refinances.....There was some indication of mortgage fraud on an estimated 13,404 applications for single-family loans during the second quarter of this year.....That worked out to 0.82 percent of all re...Read More
Apt Permits Soar as 1-Unit Completed Constr Sinks
9/19/2017 7:01 PM
Permits to build apartment units drove up overall housing permits last month. But completed construction was pulled down by single-family activity.....In places that issue permits, there were a preliminary 122,600 new privately owned housing units that were authorized during the month of August.....That was more than the upwardly revise...Read More
Serious 1st Mortgage Delinquency Up, Could Worsen
9/19/2017 7:01 PM
Serious delinquency on first mortgages deteriorated last month, and the recent spate of natural disasters could make things worse. The Big Apple experienced a surge in consumer delinquency.....A measure of consumer credit delinquency, the Composite Consumer Credit Default Index, indicated that 90-day delinquency was 0.86 percent in Aug...Read More