metlife: MetLife Exiting Reverse Mortgage Business
- 04/26/12 05:19 AM
Wall Street Journal Reports: MetLife Exiting Reverse Mortgage Business By MIA LAMAR / Wall Street Journal MetLife Inc. said Thursday it is selling its reverse mortgage business, its latest move to avoid increased regulatory scrutiny and stay focused on its core operations. The U.S.'s largest life insurer in March failed "stress tests" by the Federal Reserve that were aimed at gauging the capital adequacy of 19 of the biggest U.S. financial firms under a severe economic worsening. MetLife, which has been a bank holding company since it pushed into banking in 2001 to offer retail savings and other products to its clients, was the … (0 comments)
Wall Street Journal Reports: MetLife Exiting Reverse Mortgage Business By MIA LAMAR / Wall Street Journal MetLife Inc. said Thursday it is selling its reverse mortgage business, its latest move to avoid increased regulatory scrutiny and stay focused on its core operations.
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