Value Financial closes first U.S. fixed-rate reverse mortgage

May 30, 2007

EverBank acquires NetBank businessesMortgagePress.comSmall business financing EverBank Financial Corporation has reached an agreement to acquire NetBank Inc.'s direct banking and small business financing divisions and mortgage-servicing portfolio. EverBank plans to complete the acquisition by early summer. The transaction will increase EverBank's assets to approximately $7 billion, its deposits to approximately $6 billion and its customer base to more than 550,000. After its completion, the company will be the third-largest Florida-based bank. 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. NetBank Inc. is a financial holding company based in Alpharetta, Ga. For more information, visit www.netbank.com.

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May 30, 2007

Analysis and Data

Mortgage Rates Surpass 7% For First Time This Year

Freddie Mac reported the 30-year fixed-rate mortgage averaged 7.10%.

Freddie Mac today released its Primary Mortgage Market Survey, revealing the 30-year fixed-rate mortgage (FRM) averaged 7.10%, breaching the 7% threshold for the first time this year. “The 30-year fixed-rate mortgage surpassed 7% for the first time this year, jumping from...

Analysis and Data

Existing Home Sales Decline By 4.3% In March

Northeast the only region to see an uptick in sales over prior month, per a new report from the National Association of Realtors

Fewer people bought homes this March than the month before and during March 2023, a new report from the National Association of Realtors (NAR) reveals. Total existing-home sales receded 4.3% from February to a seasonally adjusted annual rate of 4.19 million in March. Year...