MetLife rises to top of reverse mortgage business

MetLife rises to top of reverse mortgage business

“MetLife, the biggest U.S. life insurer, is poised to become the No. 1 reverse-mortgage lender as Wells Fargo and Bank of America leave the market….

Demand for reverse mortgages contracted from record sales in 2009 after the housing slide eroded the home equity that seniors draw on to qualify for loans.”

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