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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:
 
The New Mortgage Landscape
5/22/2017 7:58 PM
As banks have been under heavy regulatory scrutiny since the financial crisis, smaller non-banks have gained market share through technological improvements to the loan process.....In July 2009, before the Dodd-Frank Wall Street Reform and Consumer Protection Act, Bank of America Corp. was the biggest home lender in Cumberland County, ...Read More
 
Report: CFPB Treating Ocwen Unfairly
5/22/2017 7:58 PM
A new report suggests that the Consumer Financial Protection Bureau has been treating Ocwen Financial Corp. too harshly.....Last month, the CFPB announced a federal lawsuit filed against the West Palm Beach, Florida-based mortgage banking firm.....The regulator alleged years of widespread errors, shortcuts and runarounds at Ocwen that h...Read More
 
MSRs on Over $2 Bil in GSE Loans Being Auctioned
5/22/2017 7:58 PM
Bids are being taken for mortgage servicing rights on more than $2 billion in loans with a Golden State concentration that are backed or owned by the government-sponsored enterprises.....MSRs on 7,821 Fannie Mae and Freddie Mac residential loans with an aggregate unpaid principal balance of $2.146 billion are available for acquisition...Read More
 
Variety of Topics Covered at Mortgage Events
5/22/2017 7:58 PM
Digital loans, mortgage litigation and regulation, and non-performing notes are among several topics being covered at upcoming mortgage-related events.....Financial Industry Computer Systems Inc. said that nearly 300 lenders, servicers and other industry partners attended its 31st Annual Users" Conference last month in Dallas...
Read More
 
Stolen Freddie, VA Employees" IDs Lead to Prison
5/22/2017 7:58 PM
A Maryland woman will serve time for fraudulently using personal information of employees at the Federal Home Loan Mortgage Corp. and Department of Veterans Affairs.....The Department of Justice claims that Allise Jones gained access to personally identifiable information of Freddie Mac and VA employees back in October 2012.....With the...Read More