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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 Events Taking Place on East Coast
12/6/2016 6:03 AM
Several mortgage-related events being held over the next few months on the East Coast will cover mortgage-backed securities, compliance and regulation-related topics.....On Thursday, the 4th Annual SFIG RMBS Symposium takes place at the Marriott New York Downtown in New York. The cost for registration ranges between $495 and $1,995.Read More
 
Consumer Bankruptcies Down 3 Months in Row
12/6/2016 6:03 AM
In addition to falling from a month earlier and a year earlier, the number of consumer bankruptcy filings has retreated for three consecutive months.....Total bankruptcy filings during November, including commercial and non-commercial filings, came to 59,300, falling from 63,055 the prior month.....In addition to the month-over-month im...Read More
 
Mortgage Credit Eases, Further Loosening Likely
12/6/2016 6:03 AM
For the third month in a row, credit conditions in residential lending have loosened -- a trend that is likely to continue given recent events.....A standardized quantitative index that is focused on mortgage credit, the Mortgage Credit Availability Index, was 174.1 as of November.....The index increased from 171.3 a month earlie...Read More
 
Trump Makes Carson HUD Secretary Choice Official
12/6/2016 6:03 AM
The president-elect has made official his choice to run the Department of Housing and Urban Development. Unlike some of his recent predecessors, the pick has no housing experience.....Last month, the Donald J. Trump posted on Twitter that he was seriously considering his former GOP rival for the Republican presidential nominee Dr. Ben Carson ...Read More
 
House Passes Bill to Peel Back Dodd-Frank Provision
12/6/2016 6:03 AM
On Thursday, the House of Representatives voted to pass legislation that would raise the threshold for banks that are considered to be too big to fail.....The Dodd-Frank Wall Street Reform and Consumer Protection Act applies stringent regulations to banks that have at least $50 billion in assets.....The intent of the Dodd-Frank p...Read More