MetLife To Sell Mortgage Business
Posted on October 13, 2011 at 23:05 PM EDT
Yesterday, MetLife Inc. (NYSE:MET) announced that it is considering the possibility of selling MetLife Bank’s mortgage business. MetLife believes that its mortgage business is very competitive and highly regulated, and hence, requires substantial amount of human and capital resources, which negatively affect the company’s core businesses of global insurance and employee benefits. However, the company [...]

Yesterday, MetLife Inc. (NYSE:MET) announced that it is considering the possibility of selling MetLife Bank’s mortgage business.
MetLife believes that its mortgage business is very competitive and highly regulated, and hence, requires substantial amount of human and capital resources, which negatively affect the company’s core businesses of global insurance and employee benefits.
However, the company will continue to write mortgages while it is looking for a buyer. Additionally, the company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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