MetLife exits forward mortgage business

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Prior to its reverse mortgage exit, MetLife made other changes to a similar effect: it sold its depository bank business to GE Capital Financial Inc. in 2011, wound down its forward mortgage business in 2012 and finally announced it had agreed to sell its warehouse finance unit, including its reverse mortgage warehouse lines, also in early 2012.

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Wells Fargo and all of the [issues] at MetLife right now,” he says. Live Well, which ramped up its forward business in the wake of Fannie Mae’s exit from reverse mortgages and is now refocusing on.

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.

What’s more, homeowners who might be seeking a reverse mortgage will still have at least one large provider – MetLife Bank – and plenty. Why did Wells Fargo exit the reverse mortgage business? In a.

7 days ago · The transaction will enhance the future prospects of the solar inverter business and will enable ABB to focus its business portfolio on other growth markets. ABB’s solar inverter business has approximately 800 employees in more than 30 countries, with manufacturing and R&D sites located in Italy, India and Finland.

appropriately staffed with qualified auditors to execute on our planned mortgage servicing audits in 2012 and those underway in 2011. With MetLife’s announcement to sell its bank deposit business, as well as the sale of the forward mortgage business, staffing requirements will be re-evaluated based on the outcome of a sale.

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.