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Home » Store » Inside Mortgage Trends » EverBank Joins Warehouse Finance Revival

EverBank Joins Warehouse Finance Revival

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Inside Mortgage Trends

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The massive shakeout in the warehouse financing industry that began in 2007 has left the door wide open for community banks and mid-sized regional financial institutions to enter and become essential providers of warehouse lending. Among the recent new entrants is EverBank Financial Corp., of Jacksonville, which last month signed an agreement to acquire MetLife’s warehouse finance business, boosting its potential to be one of the major players in the resurging sector. Terms and conditions of the acquisition agreement remain undisclosed and the deal is expected to be completed by the first half of 2012...
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