Skip to main content

House Financial Services Committee to hear originator oversight testimony

National Mortgage Professional
Jan 09, 2009

Generations Bancorp completes the purchase of Amerihome Mortgage CompanyMortgagePress.comGenerations Bancorp, Amerihome Mortgage Company, American Foundations MortgageBanc, Greg Kolton Generations Bancorp Inc. has completed the purchase of Brookfield-based Amerihome Mortgage Company LLC to create a wholly-owned mortgage banking subsidiary, American Foundations MortgageBanc Inc. "American Foundations MortgageBanc will focus on finding customers the right mortgage at the right price, while providing a timely, painless mortgage process," said Greg Kolton, Generations Bancorp chairman, president and CEO. Nicholas J. DelTorto, Amerihome president and CEO, will serve as president and CEO of American Foundations MortgageBanc. He said Amerihome employees will continue in their current positions. "Our experienced staff has the industry knowledge and the technological capabilities to deliver a smooth mortgage process," DelTorto said. "And as part of Generations Bancorp, a strong and solid bank holding company, we have access to more capital to support continued growth and offer our customers greater long-term stability." Generations Bancorp is also the parent company of Foundations Bank, Pewaukee, Wisconsin, where Kolton serves as president and CEO. Said Kolton, "Like Foundations Bank, American Foundations MortgageBanc takes pride in building long-term relationships through a consultative approach." The new mortgage banking subsidiary works with individuals as well as real estate brokers, builders, contractors, CPAs and other professionals. American Foundations MortgageBanc is headquartered in Brookfield and conducts business in several states.
Published
Jan 09, 2009
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021
Interfirst Mortgage Launches ONE, Backed By Non-Owner Occupied Properties

ONE is a unique product built on a single interest rate with no adjustments and qualifies off the cash flow of the rental property.

Industry News
Jul 16, 2021
Global Digital Lending Market Projected To Reach $27B By 2028

The Global Digital Lending Platform Market was valued at $7.14 billion in 2020 and is projected to reach $27.07 billion by 2028.

Analysis and Data
Jul 14, 2021