The Right Loan For You The Loan Process Apply For a Mortgage Rent vs. Buy Calculator Your Credit Score Contact Us


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 Broker"s Attorney Dozes Off During Trial
10/27/2016 11:39 AM
A Pennsylvania mortgage broker who was convicted of mortgage fraud this week will get a second chance thanks to his lawyer dozing off during trial.....On Monday, a federal jury in Pittsburgh found James Nassida guilty of orchestrating a complex fraud scheme with the help of his sister, Janna Nassida.....Loans originated through Nassida"...Read More
Record New Business at Radian
10/27/2016 11:39 AM
Radian Group Inc. reported a record quarter for new business. In addition, the mortgage insurer"s book of business expanded, and delinquency declined.....Pretax income during the three months that ended on Sept. 30 was $127 million at Radian. Earnings tumbled from $157 million three months earlier.....The Philadelphia-based organization...Read More
Ocwen"s Earnings, Mortgage Originations Improve
10/27/2016 11:39 AM
Quarterly earnings and mortgage originations improved at Ocwen Financial Corp. Meanwhile, the mortgage servicing portfolio and staffing have been reduced.....Pre-tax income was $2 million in the period that began on July 1, 2016, and concluded on Sept. 30. Earnings swung from a $96 million second-quarter loss.....The West Palm Beach, Fl...Read More
Freddie"s Business Slips, Delinquency at 8-Yr Low
10/27/2016 11:39 AM
Secondary mortgage activity dipped last month at Freddie Mac. Meanwhile, a new eight-year low was established for serious residential loan delinquency.....Freddie Mac concluded September with a total mortgage portfolio of $1.9840 trillion. The portfolio balance was up from $1.9795 trillion the prior month.....The data, along with other ...Read More
FHA Easing Condo Owner Occupancy Requirement
10/27/2016 11:39 AM
Just a month after proposing to relax rules on condominium loans, the Federal Housing Administration has loosened owner-occupancy requirements.....On Sept. 27, the Department of Housing and Urban Development submitted a proposed rule on requirements for condominium project approvals.....Included in the proposal was an increase to the mi...Read More