Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Plus the mortgage bond outlook, the NYT joins the GSE investor struggle, and more

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things
W S
Lending / The Ticker

EverBank exits wholesale, will focus on other lending channels

/ Print / Reprints /
| Share More
/ Text Size+

EverBank Financial Corp. (EVER) announced it is ending its wholesale broker home lending business.

Instead, the mortgage firm is choosing to focus on its retail lending offices and consumer-direct and correspondent lending channels.

"As the housing market recovers and the competitive and regulatory landscape of the residential mortgage industry evolves, we believe now is the time for EverBank to focus on growth opportunities in our retail, direct and correspondent lending businesses," said Robert Clements, EverBank's chairman and CEO.  

The company will close its wholesale lending regional operations centers in Dallas, Sacramento, Calif. and Jacksonville, Fla. and will cut approximately 150 positions nationwide due to the changes. 

Comments powered by Disqus