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
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.