MetLife posts 1Q loss, exiting reverse mortgages

MetLife Inc. said Thursday it is getting out of the reverse mortgage business as part of its exit from retail banking, which it says accounted for only a small fraction of its profits.

Burns: Reverse mortgages' time has come

Burns: Reverse mortgages' time has come If a recent Journal of Financial Planning paper gets traction, the use of reverse mortgages will move from people who are desperate to practical people who have both home equity and some financial assets. Barry Sacks, a San Francisco tax attorney and Stephen Sacks, a professor emeritus of economics at the University of Connecticut (and the brother of Barry ...

MetLife Exits Reverse Mortgage Business

MetLife, Inc. announced today that it is exiting the reverse mortgage business. Nationstar Mortgage LLC will purchase MetLife Bank’s reverse mortgage servicing portfolio.

Financial Stocks: AIG leads financial stocks after CDO sale

Shares of American International Group lead financial stocks higher after the Federal Reserve Bank of New York sells off debt instruments linked to commercial mortgages. Insurers as a whole finish strong on the day.

MetLife posts loss on interest rate bet

(Reuters) - MetLife , the largest life insurer in the United States, posted a net loss for the first quarter on huge derivative losses tied to a rise in interest rates. But operating results beat expectations on growth in all three of its geographic regions. MetLife accidentally released preliminary figures last week, so the broad outlines of results were already known. The company said on ...