Items Tagged with 'EverBank'

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Mysterious buyer of EverBank revealed: TIAA

Acquisition complete mid-2017
During its second-quarter conference call, EverBank revealed it was in advanced talks to be acquired but stopped short of answering too many details. Now several weeks later, EverBank revealed that the mysterious buyer behind its talk is financial services provider TIAA.
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6 things lenders should look for in a warehouse provider

A blueprint for today’s market and tomorrow’s growth
For many lenders, the fix to the growth problem is simply to add more warehouse providers, but a larger network of providers can bring larger inefficiencies. Instead of using five or six different warehouse providers, scaling down to two or three who offer larger lines allows lenders to manage fewer bank relationships and possibly even reduce staffing as a result.
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OCC terminates JPMorgan and EverBank mortgage servicing consent orders

Both institutions will pay a civil money penalty
A little over six months since the restrictions were put in place, the Office of the Comptroller of the Currency announced it terminated mortgage servicing-related consent orders against JPMorgan Chase and EverBank. Both banks now officially comply with the orders and only have a hefty fine to pay. However, not all banks are in the clear.
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Housing starts miss expectations dropping to three-month low

"But this is a mere blip on the radar"
Housing starts fell to a three month low of 1.126 million in August, missing expectations of 1.116 million. However, the culprit behind the drop isn't so mysterious. And according to one lending executive, although August housing starts disappointed, this is a mere blip on the radar.
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New home sales jump 5.4% in July to 507K

July’s reading a 25.8% gain in one year
New home sales showed solid if expected gains in July. And while volatility is common for new home sales, other housing data released last week suggest it's not a blip, analysts say. Here's the breakdown.
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New home sales fall 6.8% from May

Housing supply slightly increases
Sales of new single-family houses in June 2015 retreated back down and were at a seasonally adjusted annual rate of 482,000, a 6.8% drop from May’s revised rate of 517,000.
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OCC slaps Wells Fargo, JPMorgan, others with mortgage servicing restrictions

Failed to fulfill requirements of the Independent Foreclosure Review
The Office of the Comptroller of the Currency slammed Wells Fargo, JPMorgan Chase and other banks with new mortgage servicing restrictions due to their failure to comply with requirements of the Independent Foreclosure Review, the Office of the Comptroller of the Currency announced Wednesday.
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Here’s how lenders can help homebuyers get mortgages

43% of first-time homebuyers don’t understand mortgage lending
Even though many borrowers feel like they are left in the dark for the majority of the mortgage process, there are a lot of options and resources out there for them. Here are just several ways lenders said they reach out to help first-time homebuyers.
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