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Cornerstone Mortgage - News


Property Transactions for Jan. 26
http://www.timesleader.com/news/local/1136109/Property-Transactions-for-Jan.-26
End Blvd., Bear Creek Township, $105,000. • Deutsche Bank National Trust Company, Ameriquest Mortgage Securities Inc. and Homeward Residential Inc. to Nicholas E. Belfino and Christine S. Giuliano, 55 Kingswood Drive, Dallas Township, $140,899.

Reverse-Mortgage Rule Changes Draw Professor to the Business
http://www.businessweek.com/articles/2014-01-23/reverse-mortgage-rule-changes-draw-professor-to-the-business
Columbia Business School professor Christopher Mayer is so sure reverse mortgages can be a cornerstone of responsible retirement planning that he's gone into the business. “It's an enormous underserved market,” says Mayer, who is teaching fewer 

A snapshot of 2013 activities in the Sheriff's Office
http://www.walkermn.com/opinion/article_919eeca0-8537-11e3-9f9c-001a4bcf887a.html
Minnesota TZD is the state's cornerstone traffic safety program, employing an interdisciplinary approach to reducing traffic crashes, injuries and deaths on Minnesota roads. The TZD program uses data to target areas for improvement and employ proven

Prospectus offers peek at Amalfi mortgage
http://www.marinacityonline.com/news/mortgage0123.htm
Prospectus offers peek at Amalfi mortgage The previous owner, Cornerstone Real Estate Advisors, LLC, paid $50 million for the Amalfi in 2007. The hotel struggled during the recession and missed payments on a $37 million mortgage. It was less of a struggle in 2010 after the loan was restructured.

Cornerstone Mortgage Group Part 1 of 3 2009 Mortgage Market Forecast

Cornerstone Mortgage Group presents a 2009 mortgage market forecast on there prediction of how the next 2009 year will turn out. Hosted by Michael ...

Movers & Shakers: April 18

■In addition, Mike McMunigal , Sioux Falls, has been promoted to lead mortgage loan processor at Cornerstone Bank in Sioux Falls. He joined the bank as a mortgage loan processor II in August 2016. Cornerstone Bank has locations in Bismarck, Dickinson, Fargo, Makoti, New Town, Parshall, Plaza and Watford City, N.D., and in Sioux Falls. There are Cornerstone Mortgage offices Grand Forks and Minot, N.D., along with Aberdeen.

Howard Boote of Howalt+McDowell Insurance , a Marsh & McLennan Agency, has been approved for membership in the 2017 Million Dollar Round Table by the Premier Association of Financial Professionals.

Dr. Chris Wermerson , a Brandon native, after some time away, has returned to the area to live in Sioux Falls to open Wermerson Orthodontics . Serving as a dental officer in the U.S. Navy for five years, at the completion of his active duty commitment, Dr. Wermerson completed two years of specialty training in Orthodontics and Dento-Facial Orthopedics at the University of Iowa College of Dentistry, where he graduated with a master of science degree and specialty certificate in Orthodontics.

Wells Fargo's Account Opening Scandal Weighs On Q1 Results; Impact Likely To Linger

Wells Fargo  (NYSE:WFC) continues to face headwinds on multiple fronts as a result of its fraudulent account-opening scandal , as the banking giant’s top line for Q1 was hurt by a notable reduction in customer activity while costs stemming from the scandal eroded profits. (( Q1 2017 Results , Wells Fargo Press Releases, Apr 13 2017)) The first quarter of the year is usually a lukewarm period for traditional loans-and-deposits banking services, as many people use bonuses and tax refunds to reduce their loan burdens – leading to an overall reduction in loan balances for the industry over the period. And the Fed’s rate hike also slowed industry-wide loan growth. But Wells Fargo’s loan portfolio was also hit by a sizable decline in new card openings, which led to its total loan portfolio shrinking by $9.2 billion from $967.6 billion at the end of 2016 to $958.5 billion now. To make things worse, the bank’s cornerstone mortgage business remained under pressure from weak origination activity in the industry.

What Mortgage Lenders/Banks should I avoid?

We're buying our first home. I'm checking rates at Bankrate and finding a lot of choices. I'm tempted to apply to the lowest APR. Should I be avoiding any of these companies listed below? My credit union has a much higher rate than any of these.


Quicken, Everbank, and Compass are names I know.

But... be careful - they are pushers of things that are Evil.
They will try to scam you into variable loans, ARMs, 5/1's, 5/5's.