Finance & Mortgage

MetLife to Sell Mortgage Servicing Portfolio to JP Morgan

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.

Mortage Applications Down, Refinancing Demand Slows

Applications for home mortgages fell last week as demand for refinancing tumbled for the fourth week in a row, an industry group said on Wednesday, although other recent data has indicated the housing market is improving.

Home Prices Climb Further in August

Home prices gained further traction in August, the latest sign that the housing market is on the mend, a closely watched survey showed on Tuesday.