Beware of Everbank. I paid $14.99 for a Weiss rating last week, and Everbank is a very risky bank, rated E-.

Everbank also has 50% of its portfolio in FL residential mortgages, so that will be a double whammy for them. I don’t think that the current rating is reflecting that looming problem for them, because the foreclosures and debt losses are not a reality yet.