Industry News

MetLife to Explore Sale of Its Forward Mortgage Business

Oct 13, 2011

MetLife has announced that, in addition to its previously announced decision to explore a sale of MetLife Bank NA’s depository business, the company will now also explore a sale of the bank’s forward mortgage business. MetLife Bank began originating forward and reverse mortgages in 2008 through its MetLife Home Loans division. MetLife Home Loans will continue to originate forward mortgages, while the business is being marketed for sale. The company also remains committed to continuing to service all of its mortgage clients.
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Oct 13, 2011
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