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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:
 
New Servicing Tech Highlights Niche Arenas
7/6/2015 12:47 PM
New products, new clients and a new ranking -- these are the latest items from the loan servicing technology provider grapevine.....Earlier this month, Black Knight Financial Services Inc. notified media that its loan servicing platform MSP received a "Best-In-Class" ranking from CEB TowerGroup analysts.....A few days later, Blac...Read More
 
Top Home Lending Community Banks
7/6/2015 12:47 PM
Among small community banks that focus mortgage loans, the top one has had to curtail portfolio lending to comply with regulations.....Among community banks with less than $500 million in assets, Priority Bank is ranked as the top consumer originator.....That standing is based on the Fayetteville, Arkansas-based financial institution"s ...Read More
 
FHA Claim Deadlines Proposed
7/6/2015 12:47 PM
Lenders that service home loans insured by the Federal Housing Administration will face new deadlines on insurance claims under a proposed regulation.....Currently, there are no regulations about how long an FHA mortgagee has to file a claim on an FHA-insured mortgage.....Since the housing market downturn, mortgagees have not been promp...Read More
 
ARM, Jumbo Business Accelerates
7/6/2015 12:47 PM
New mortgage activity ascended last week, and a surge in adjustable-rate and jumbo business led the improvement.....A 6 percent gain over a week earlier left the U.S. Mortgage Market Index from OpenClose and Mortgage Daily at 148 for the week ended June 26. The index reflects activity through midnight Thursday.....The MMI inde...Read More
 
15-Year Appeal Jumps as Mortgage Rates Rise
7/6/2015 12:47 PM
Fixed rates on residential loans rose this past week. The increase, however, was more pronounced on longer-term loans than on 15-year mortgages -- making the shorter term more attractive.....Thirty-year fixed rates averaged 4.08 percent in the Primary Mortgage Market Survey from Freddie Mac for the week ended July 2.....Historica...Read More