Items Tagged with 'TIAA'


  • TIAA Bank exiting retail mortgage lending, selling to U.S. Bank

    Shifts focus to digital mortgages
    Just over 18 months ago, TIAA was finalizing its $2.5 billion acquisition of EverBank, touting the deal as a “significant” expansion of its retail footprint and an extension of its existing retirement, investment and advisory services. Then, in July 2018, the company rebranded TIAA Direct and EverBank to TIAA Bank. But now, just a few months later, TIAA Bank is moving to get out of retail mortgage lending and will shift its focus to digital mortgages.
    Read More
  • TIAA’s Nuveen Real Estate plots massive expansion in multifamily market

    Launches multifamily fund with $550 million in initial funding
    Nuveen Real Estate, a global real estate investment manager owned by TIAA, is planning a significant expansion of its multifamily real estate business in the U.S. Nuveen announced this week that it launching what it calls the “U.S. Cities Multifamily Fund,” a real estate investment vehicle that just closed on its first investment round, which raised $550 million to invest in multifamily real estate.
    Read More
  • EverBank rebrands as TIAA Bank

    Hopes to enhance experiences with new digital technologies
    TIAA announced that it is rebranding of EverBank and TIAA Direct as TIAA Bank, almost one year after TIAA acquired EverBank. The move represents an expansion of TIAA's offerings, moving the company into providing nationwide banking and lending services to consumers, along with commercial and institutional clients.
    Read More
  • TIAA finalizes acquisition of EverBank

    Deal originally announced in August
    Completing a process that began nearly a year ago, TIAA announced Monday that it finalized its acquisition of EverBank Financial Corp. and its wholly owned subsidiary EverBank, a nationwide consumer and commercial bank with $27.8 billion in total assets and $19.3 billion in total deposits.
    Read More
  • Federal Reserve Board terminates enforcement action against EverBank

    Announces $1.8 million civil money penalty
    The Federal Reserve Board terminated its enforcement action against EverBank Financial Corp. related to residential mortgage loan servicing and foreclosure processing due to the acquisition of the company by the Teachers Insurance and Annuity Association. The enforcement action required EFC to enhance its oversight over the mortgage servicing and foreclosure processing of its thrift subsidiary, EverBank.
    Read More
  • 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.
    Read More