MetLife exits forward mortgage business

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Metlife Exits Forward Mortgage Business – Sec – MetLife Home Loans will continue to service its current mortgage customers. In addition, MetLife Home Loans will honor all contractual commitments for loans in process and expects the majority of loans to close in 90 days.

any of the foregoing factors as they relate to the Alico Business and its operations. MetLife, Inc. does not undertake any obligation to publicly correct or update any forward-looking statement if.

. announced the sale of our warehouse finance business and the discontinuation of our forward mortgage origination business. Together, these actions will allow MetLife to maintain its strategic.

"[The] reverse mortgage business has operating and capital characteristics that are different from the forward mortgage business," he said. MetLife is the No. 1 provider of reverse mortgages in the U.S., now occupying the top position following the exits of Wells Fargo and Bank of America from the business.

MetLife Archives – Page 4 of 12 – Reverse Mortgage Daily – The decision by MetLife to sell its forward mortgage operations came as a surprise to the reverse mortgage world as many wondered following the exits of Bank of America and Wells Fargo from the business, whether MetLife would be the next shoe to drop.

metlife exits forward mortgage business NEW YORK, January 10, 2012 – MetLife, Inc. (NYSE: MET) announced today that it is exiting the business of originating forward residential mortgages. metlife home loans, the residential mortgage division of MetLife Bank, N.A., will no longer accept new loan applications for forward mortgages.

today announced that the company originated $3.6 billion in agricultural loans in 2016 through its subsidiaries and affiliates. MetLife’s Agricultural Finance Group is one of the largest agricultural.

MetLife, Inc. (NYSE: MET) announced today that it is exiting the reverse mortgage business. Nationstar Mortgage LLC will purchase 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.

MetLife, Inc. (NYSE: MET) announced that it is exiting the business of originating forward residential mortgages. MetLife Home Loans, the residential mortgage division of MetLife Bank, N.A., will.