Friday Round Up: MetLife Quits Reverse MortgagesReverse Mortgage Daily (Friday, 27 April) - In case you missed it, here’s what happened in reverse mortgage news this week. MetLife exited the reverse mortgage business. In an announcement Thursday, MetLife stated its decision to leave...
Nationstar acquires MetLife reverse mortgage portfolioHousingWire (Thursday, 26 April) - Nationstar Mortgage is purchasing MetLife Bank’s reverse mortgage servicing portfolio. MetLife is now exiting the mortgage business and is no longer accepting new reverse mortgage applications and registrations.read more...
MetLife Shuts Down Reverse Mortgage BusinessReverse Mortgage Daily (Thursday, 26 April) - Sources have confirmed that MetLife Inc. will close its reverse mortgage business and is selling its servicing portfolio to Nationstar Mortgage. Nationstar recently entered the reverse mortgage business when it...