MetLife To Sell Mortgage Servicing Mortfolio To JPMorgan

Reuters MetLife Inc, the largest U.S. life insurer, said it will sell MetLife Bank’s mortgage servicing portfolio to a unit of JPMorgan Chase & Co for an undisclosed amount, as it looks to exit its bank holding structure. The $70 billion servicing portfolio will increase JPMorganChase Bank’s $1.1 trillion servicing business by more than 5 percent, MetLife […]