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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 PPEs Enhanced, Implemented by Lenders
8/29/2016 12:56 PM
Mortgage technology service providers have teamed up to enhance product-and-pricing engines and improve the lending process. Mobile adaptation is behind some of the enhancements.....A new technology partnership will make Optimal Blue"s pricing services available to industry professionals and consumers through the SimpleNexus mobile platform, ...Read More
Massive Taylor Bean Lawsuit Settled
8/29/2016 12:56 PM
A $5.5 billion lawsuit filed by the trustee for bankrupt Taylor Bean and Whitaker Mortgage Corp. against an auditor has been settled.....Ocala, Florida-based Taylor Bean collapsed in 2009 following its suspension by the Federal Housing Administration and Ginnie Mae.....Turns out, however, that senior executives at the company had b...Read More
PHH Losing More Subservicing Business
8/29/2016 12:56 PM
PHH Mortgage Corp."s parent company has revealed that it is losing another large mortgage subservicing contract. As a result, the subservicing portfolio will be nearly cut in half this year.....In 2012, the Mount Laurel, New Jersey-based company announced a deal to subservice HSBC Mortgage Corp."s prime mortgage holdings and third-party mortg...Read More
Ocwen Settles Allegations of Unlicensed Servicing
8/29/2016 12:56 PM
A settlement has been reached between the state of Washington and a pair of offshore affiliates of  Ocwen Financial Corp. over unlicensed activities.....The West Palm Beach, Florida-based company"s servicing subsidiary, Ocwen Loan Servicing LLC, is licensed as a servicer in the state of Washington.....But Ocwen has reportedly been ...Read More
Purchases Overcome Dip in Weekly Mortgage Activity
8/29/2016 12:56 PM
While new weekly refinance activity slowed for the second week in a row, purchase-money business turned higher. Jumbo business had a healthy week-over-week gain.....A 3 percent decline from the previous week left the U.S. Mortgage Market Index from OpenClose and Mortgage Daily at 169 for the week that ended on Aug. 26........Read More