EverBank Financial Corp (NYSE:EVER) Files An 8-K Other EventsItem 8.01.
On June 8, 2017, the Board of Governors of the Federal Reserve System (“FRB”) announced that it has terminated its consent order against EverBank Financial Corp (the “Company”) related to residential mortgage loan servicing and foreclosure processing. In conjunction with the termination of the Company’s consent order, the Company was required by the FRB to pay a $1.8 million civil money penalty for its mortgage servicing deficiencies related to the consent order.
The Company and EverBank, a federal savings association and wholly owned subsidiary of the Company, each entered into a consent order with the Office of Thrift Supervision (“OTS”) on April 13, 2011 with respect to EverBank’s mortgage foreclosure practices and the Company’s oversight of those practices. The FRB succeeded the OTS with respect to the Company’s consent order, which was amended in October 2013, and the Officer of the Comptroller of the Currency (“OCC”) succeeded the OTS with respect to EverBank’s consent order, which was amended in October 2013 and June 2015. EverBank’s consent order was terminated by the OCC in January 2016.
About EverBank Financial Corp (NYSE:EVER)
EverBank Financial Corp is a unitary savings and loan holding company. The Company is a financial services company that provides a range of financial products and services to individuals, as well as small and mid-size business clients nationwide. It operates through three segments: Consumer Banking, Commercial Banking and Corporate Services. Its Consumer Banking segment includes consumer deposit services and activities, residential lending and servicing, wealth management and capital markets. Its Commercial Banking segment includes commercial deposit services and activities, commercial and commercial real estate lending, lender finance, equipment finance and leasing, mortgage warehouse finance and commercial deposits. Its Corporate Services segment provides support services to the Consumer Banking and Commercial Banking segments. It markets and distributes its banking products and services through its online and mobile financial portal, financial centers in Florida markets.