EverBank Joins Private-Label Secondary Market

13573_dollar_cartoon EverBank Joins Private-Label Secondary Market In the latest sign of new activity in the private-label market, Jacksonville, Fla.-based EverBank has sold $307.4 million in residential mortgage pass-through certificates to qualified institutional investors.

The Jacksonville Business Journal, citing an EverBank filing with the U.S. Securities and Exchange Commission, reports that EverBank has also sold ‘certain residential mortgage loans it had originated to unaffiliated purchasers.’ EverBank, which did not issue a press statement on these transactions, will continue to service these loans.

‘This is certainly another step in our evolution,’ says J.B. Long, the bank's portfolio management director, in an interview with the Jacksonville Business Journal. ‘It certainly says a lot about us.’

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