Counseling Alternative, Will Big Banks Return to Reverse Mortgage Lending?

Reverse Focus Weekly Podcast Episode #373 Will large banks like MetLife (NYSE: MET), Wells Fargo (NYSE: WFC) and Bank of America (NYSE: BAC) return to reverse mortgage lending? Shannon Hicks weighs this question in this week’s Reverse Focus podcast. While this possibility remains to be seen, however, economic and lending conditions couldn’t be better for […]

Urban Financial Names Industry Veteran to Oversee Midwest Retail Division

Urban Financial of America, LLC, has hired industry veteran Ron Bartley as Midwest area manager for the No. 3-ranked reverse mortgage lender’s Retail Sales Division. “With nearly a decade in the reverse mortgage industry and 40 years’ mortgage experience, Ron is truly a seasoned mortgage veteran who brings expertise, client knowledge and exceptional recruiting talent to […]

MetLife To Pay $123 Million For FHA Lending Violations

MetLife Home Loans LLC has agreed to pay the United States $123.5 million to resolve alleged Federal Housing Administration (FHA) mortgage lending violations, the Department of Justice recently announced. The violations did not involve reverse mortgage loans, the Department of Justice confirmed. Mortgage finance company MetLife Home Loans is the successor to MetLife Bank N.A, and is […]

Reverse Mortgage Funding Hires Zachensky to Management Team

Reverse Mortgage Funding, which opened for business this month, today announced the hire of former MetLife executive Michele Zachensky to its management team.  Zachensky, who served as vice president of operations for MetLife’s reverse mortgage division before it exited the reverse business, will be leading fulfillment for RMF in her new role.  She brings experience […]

Walter Acquires Mortgage Servicing Platform of MetLife Bank

Walter Investment Management Corp. (NYSE MKT: WAC) announced Monday an agreement to acquire the residential mortgage servicing platform of MetLife Bank, N.A. The terms of the transaction were not disclosed and the assets to be acquired do not include any mortgage loans or mortgage servicing rights.  MetLife Bank’s servicing platform is currently serving Fannie Mae, […]

MetLife: Mounting Senior Care Costs Point to Aging in Place Solution

The cost of long-term care is rising in many areas, but the MetLife Mature Market Institute’s most recent senior care market survey might be good news for people who want to age in place, as wages for home health aides remained flat from 2011 to 2012. Rates for skilled nursing and assisted living both went up year-over-year, and […]

MetLife Sells $70B in Mortgage Servicing Rights to J.P. Morgan

MetLife Inc. (NYSE: MET) has agreed to sell its mortgage-servicing portfolio to JPMorgan Chase & Co. (NYSE: JPM) in a transaction comprising $70 billion worth of servicing rights. The deal will increase JPMorgan’s $1.1 trillion servicing business by more than 5%, according to a statement released by MetLife earlier this week.  Since MetLife announced it […]