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Cornerstone Mortgage


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Cornerstone Mortgage - News

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
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
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
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 ...

Xenith Bank to Quit Mortgage Business, Citing Compliance Costs

Xenith Bankshares in Richmond, Va., is getting out of the mortgage origination business.

The $2 billion-asset holding company disclosed in a regulatory filing that its Xenith Bank agreed on Friday with Gateway Bank Mortgage in Wilmington, N.C., to sell certain assets to Cornerstone Home Lending, a multistate lender based in Houston.

Under the agreement, Cornerstone will pay Xenith Bank $86,657 in exchange for Gateway's furniture and equipment and its rights to real property leases and other assets necessary to operate Gateway's business. The bank will also transition Gateway's operations, which include originating, closing, funding and selling first-lien residential mortgage loans, to Cornerstone.

When the deal closes, Gateway will be required to stop accepting new mortgage loan applications, though it will continue to manage all applications still being processed, according to a press release accompanying the filing.

Xenith Bank and Gateway expect the application process and investor funding of the loans to be "substantially complete" by Dec. 31.

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.