Cornerstone Mortgage

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Robert Copeland - Broker


Are You Considering Purchasing a Home?         

Are You Considering Refinancing a Home?         

If so, We offer:

  


 

   Stop by our office for your     Free Homebuyers Guide  Monday-Friday 8:00 - 5:00

 

     Cornerstone Mortgage     1500 Standiford Ave, Suite A1 Modesto, CA  953550














Mortgage News:
 
Best Month This Year For Fannie
8/1/2014 2:46 AM
New business rose to the highest level this year at the Federal National Mortgage Association, while delinquency was at its lowest level in nearly six years.....Fannie Mae reported in its operational monthly summary that new business acquisitions in June exceed May"s activity by 17 percent.....That was the best month since December 2013...Read More
 
COFI Ends 5-Month Record-Setting Streak
8/1/2014 2:46 AM
After establishing a new record low for five consecutive months, the Cost of Funds Index turned higher.....COFI fell to 0.768 percent in January -- the lowest level on record at that point based on data going back to July 1981.....A new record was set each month thereafter through May, when the index was reported at 0.667 percent.<...Read More
 
Mortgage Rates Set to Rise, But Volatile
8/1/2014 2:46 AM
Although market indicators point to higher mortgage rates, an economic report scheduled for release tomorrow could alter that outlook.....There was little change this week with 30-year fixed rates, which averaged 4.12 percent in Freddie Mac"s Primary Mortgage Market Survey for the week ended July 31.....Average 30-year rates were...Read More
 
Ongoing Improvement in CMBS Delinquency
8/1/2014 2:46 AM
The rate of late payments on loans included in commercial mortgage-backed securities has improved every month for more than a year. While there was no change in apartment loan delinquency, the sector"s outlook is very bright.....As of the end of June, delinquency of at least 30 days on securitized commercial real estate loans, including forec...Read More
 
Best and Worst Mortgage Servicers
8/1/2014 2:46 AM
Satisfaction with servicers has increased over the past year, and technology played a role in the improvement. One factor that can improve satisfaction is communication with new borrowers. A relatively new servicer has ascended to the top of the heap, while three of the fastest-growing companies were worst.....The mortgage servicer satisfact...Read More