The U.S. Office of the Comptroller of the Currency announced Friday that Jacksonville-based EverBank agreed to pay about $37 million to more than 32,000 mortgage borrowers whose homes were in any stage of foreclosure with the bank in 2009 and 2010.
EverBank also agreed to pay about $6.3 million to organizations that provide affordable housing, foreclosure prevention and/or educational assistance to low- and moderate-income individuals and families, the Comptroller said.
The Comptroller, the federal regulatory agency for nationally chartered banks, said EverBank "was subject to a cease and desist order for unsafe and unsound practices in mortgage servicing and foreclosure processing." It said this agreement ends an independent foreclosure review process for EverBank.
The bank's parent company, EverBank Financial Corp., said in a Securities and Exchange Commission filing that it will incur an after-tax charge of about $20
million in the third quarter related to the agreement.
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