Skip to main content

Prime Equity expands, makes new hires

Mar 29, 2007

EverBank buys out BNY MortgageMortgagePress.comReverse mortgages EverBank Financial Corporation has purchased The Bank of New York's interest in BNY Mortgage Company LLC (BNYMC), repositioning the company to focus exclusively on expanding its reverse mortgage business nationwide. Originally a joint venture between EverBank Financial Corporation and The Bank of New York, BNYMC will now focus on the origination of retail reverse mortgages, along with wholesale, correspondent and private label reverse mortgage services. Jacksonville, Fla.-based EverBank Financial Corporation is a private financial services holding company. For more information, call (888) 882-3837 or visit www.everbank.com. BNYMC is a mortgage company based in Harrison, N.Y. For more information, call (800) 480-8773 or visit www.bnymortgage.com.
About the author
Published
Mar 29, 2007
Fannie Mae Implements Notice Of Potential Defect Process To Address Loan Repurchase Risks

Faced with market challenges, Fannie Mae reintroduces a Notice of Potential Defect, allowing lenders a grace period to rectify significant loan issues before repurchase requests, amid calls for broader industry reform.

Feb 29, 2024
Rocket Pro Originate Mortgage Platform To Close; Shifts Focus To Mortgage Brokers

Rocket Pro Originate, a platform serving real estate agents and financial professionals, announces closure.

Feb 28, 2024
United Wholesale Mortgage Reports Fourth Quarter Loss Of $461 Million, But Remains Bullish For 2024

UWM Chairman and CEO Mat Ishbia optimistic despite financial setback, cites operational profitability and broker dominance.

Feb 28, 2024
Condo Prices, Sales Falling In Florida

New regulations and rising insurance costs hold back buyers in six major metros.

Feb 26, 2024
Buyer Beware

Unpriced climate risk the housing market’s bubble in the bloodstream.

Feb 26, 2024
Rocket Companies Reports Decline in Fourth Quarter Revenue, Projects Optimism for Future Growth

Despite revenue dip, mortgage giant sees increase in market share and advances in AI technology.

Feb 22, 2024