Wintrust Financial Corp., Lake Forest, Ill., has set another company record for quarterly originations. "Residential mortgage originations for the secondary market continued to be strong in the second quarter, with $1.5 billion in originations," said president and chief executive officer Edward J. Wehmer. "This follows a then-record level of $1.2 billion originated in the first quarter of 2009." He said the mortgages continue to be primarily refinancings. The company as whole generated $6.5 million in net income during the quarter compared to $6.4 million in net income in the first quarter and $11.2 million during the second quarter of last year.
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