EverBank (EVER) has agreed to pay an estimated $27 million in cash payments to more than 32,000 eligible mortgage borrowers, the Office of the Comptroller of the Currency announced Friday.
Borrowers whose home was in any stage of foreclosure between 2009 and 2010 with EverBank will be granted cash compensation, with payments ranging from $1,050 to $125,000 plus equity when appropriate.
Borrowers who are eligible will be contacted directly by a third-party paying agent and will receive compensation whether or not they filed a request for review form. To be eligible for compensation, borrowers are not required to take further action.
Additional information regarding payments will be announced in the near future, the OCC said in a statement.