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GE Capital

Genworth Financial Announces Changes to USMI Leadership Team

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Genworth Financial Inc. has announced personnel changes to further strengthen the senior leadership team of its U.S. Mortgage Insurance (USMI) unit. John Clifford has been promoted to senior vice president, commercial operations, and Matt Young has rejoined USMI as senior vice president, sales. Clifford will be responsible for products, account development, marketing, commercial analytics, sales support and training, as well as capital markets and business strategy. He joined GE Capital in 1999 as a member of the Financial Management Program.Click to continue

MetLife Exits the Reverse Mortgage Business and Sells Reverse Portfolio to Nationstar Mortgage

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MetLife Inc. has announced that it is exiting the reverse mortgage business, and that Nationstar Mortgage LLC will be purchasing MetLife Bank's reverse mortgage servicing portfolio. The transaction is subject to certain regulatory approvals and other customary closing conditions. MetLife Bank will no longer accept new reverse mortgage loan applications and registrations.Click to continue