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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 Firms Keep Up With Mobile Adoption
9/23/2017 4:50 PM
As more data emerges confirming the continued adoption of mobile technology in financial services, home lenders and service providers are capitalizing on the trend.....A survey conducted on behalf of the American Bankers Association indicated that more than a quarter of consumers use their mobile devices most often to conduct their banking bu...Read More
 
Refinances Drive Down New Mortgage Business
9/23/2017 4:50 PM
Driven by refinance transactions, new mortgage activity retreated this past week. While adjustable-rate business was down the most, the category had the biggest year-over-year gain.....A predictor of upcoming single-family loan originations, the U.S. Mortgage Market Index from Mortgage Daily, was 139 during the seven-day period ...Read More
 
Bankruptcy Ruling Benefits Foreclosing Parties
9/23/2017 4:50 PM
The 9th Circuit Court of Appeals has barred claims due to the borrower"s failure to amend include the claims in their bankruptcy schedules.....On Aug. 29, the 9th Circuit provided foreclosing parties some well-needed protection from borrower lawsuits in Meyer v. Northwest Trustee Services. While the Meyer decision is unpublished and in...Read More
 
Acquisitions Might Be Factor in Equifax Data Hack
9/23/2017 4:50 PM
Aggressive growth through a string of acquisitions might have been a big factor in the data breach disclosed last month by Equifax Corp.....After former General Electric executive Richard Smith became Equifax"s chief executive officer in 2005, he quickly embarked on a plan to rev up growth.....This included 14 acquisitions that have bee...Read More
 
BofA Could Avoid Massive Foreclosure Judgment
9/23/2017 4:50 PM
Bank of America Corp. has reached a settlement with a California couple in a wrongful foreclosure action for far less than a massive judgment imposed earlier this year.....Back in March, a bankruptcy judge ordered the Charlotte, North Carolina-based organization to pay a $46 million judgment for a wrongful foreclosure.....BofA reportedl...Read More