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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 Home Sales, Inventory at Multi-Year Highs
4/25/2017 3:25 PM
During just last month, there were more new homes sold than any month in nearly a decade. Even more impressive, is that the new-home inventory is the highest it"s been in almost eight years. But upcoming activity could be hurt by a Trump administration move.....Data jointly released Tuesday by the Census Bureau and Department of Housin...Read More
 
Northwest, Mountain Lead Home Price Gains
4/25/2017 3:25 PM
Home prices continued to rise, with some indices achieving new highs. Areas in the Northwest and Mountain Region maintained a tight grip on top spots.....In February 2017, the S&P CoreLogic Case-Shiller Composite 20 Home Price Index was 193.49, up 0.4 percent from a month earlier.....Compared to the same month last ye...Read More
 
Lots of Mortgage C-Suite Appointments
4/25/2017 3:25 PM
Several mortgage banking firms, large and small, have reported that they have either recruited or promoted a number of executives to roles with "chief" in their title.....Quicken Loans Inc. said Monday it hired Casey Hurbis as its new chief marketing officer. He"ll lead the consumer-facing marketing team, be responsible for onl...Read More
 
Servicing, Staffing Expand at Guild Mortgage
4/25/2017 3:25 PM
Although home lending slowed at Guild Mortgage Co., the size of the servicing portfolio and payroll were up from the prior quarter and a year prior.....As of March 31, 2017, the San Diego-based organization serviced 162,168 residential loans with a collective unpaid principal balance of $31.598 billion.....Those details, along with othe...Read More
 
CUSO Sees Growth in Mortgage Business
4/25/2017 3:25 PM
A credit union service organization has grown from a sideline venture over a dozen years ago to a fully independent organization.....Member Mortgage Services has expanded from a small group of credit union employees 13 years ago into it"s own company.....The Hutchinson, Kansas, company was originally operated on a part-time basis by emp...Read More