EverBank Financial Corp

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  • uploads///MBA Mortgage Apps

    Mortgage applications increase 7% for the week ending May 3

    Mortgage applications, as reported by the Mortgage Bankers Association, rose 7% for the week ending May 3rd in spite of a five basis point increase in mortgage rates Mortgage applications are primarily interest-rate driven. Applications typically increase as rates fall because home owners take advantage of the drop in rates to refinance. Conversely, they fall […]

    By Brent Nyitray, CFA, MBA
  • uploads///EVER TIAA loan portfolio
    Basic Materials

    How Could TIAA Walk Away from the Deal?

    We’ll look at the MAE (material adverse effect) clause of the Everbank (EVER)-TIAA merger agreement and see how TIAA could walk away from the deal.

    By Brent Nyitray, CFA, MBA
  • uploads///EVER TIAA banking franchise overview
    Basic Materials

    What’s the Rationale for the TIAA-Everbank Merger?

    Everbank is a major player in the mortgage origination space. TIAA is looking to take some of that mortgage origination and put it on its balance sheet.

    By Brent Nyitray, CFA, MBA
  • uploads///EVER TIAA spread
    Basic Materials

    TIAA Buys Everbank to Boost Its Banking Business

    On August 8, 2016, TIAA and Everbank (EVER) announced a merger in which TIAA will purchase Everbank for $19.50 per share in cash, or ~$2.5 billion.

    By Brent Nyitray, CFA, MBA
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