TIAA Sells Everbank; Mortgage Earnings Wrap
November 4, 2022 | Premium Service | As the week comes to a close, there is much news in the world of banking and mortgage finance. The Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (TIAA), a $1.3 trillion insurance and investment conglomerate, is selling TIAA FSB (f/k/a Everbank).
And as Q3 earnings grind on, there is lot’s more news from the world of mortgage finance, good and bad. Subscribers to the Premium Service of The Institutional Risk Analyst read the details below. The big news this week starts with the poor showing by Rocket Companies (RKT), reporting a loss for Q3 2022 and a big decline in volumes.
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