Origination

At Origination News’ discussion with the officers of FAMP at its annual convention in Tampa, national housing correspondent Lew Sichelman asked how the changes to federal law have impacted the state’s education requirements and how conditions are in the various markets that make up this very diverse state.

Community Trust Bank had $385 million in outstanding warehouse commitments at June 30, almost double what it had a year ago.

Churchill Mortgage chief operating officer Matthew Clarke states “an investment in training is so important” for a mortgage lender and the Brentwood, Tenn.-based firm is putting its money where its mouth is.

The Federal Housing Administration reported Monday that applications for streamline refinancings of existing FHA borrowers jumped 400% in June from the month prior. In total, 84,600 new applications came in.

A Florida jury convicted two defendants last week for running a foreclosure rescue scheme that took advantage of homeowners who had trouble making their monthly mortgage payments.

The financial health of state housing finance agencies is mixed, Fitch Ratings reported last week.

Chip Mahan, the founder of the first online bank, Security First Network Bank, and current CEO of Live Oak Banking Company in Wilmington, N.C., has helped launch a cloud-based technology company called nCino that has already signed up Live Oak and five other banks.

CertusBank has agreed to buy Myers Park Mortgage, a private mortgage company in Charlotte, N.C.

NMN’s Lew Sichelman met with members of the Florida Association of Mortgage Professionals for a roundtable discussion on a variety of topics, including the state’s ongoing housing recovery.

I’ve just seen a vision of the future. Not a vision of the mortgage future, but the future of the media business, as shown by the work of the student journalists who were all over the coverage of the UNITY 12 conference in Vegas.