Friday, October 15, 2010

MetLife Bank Has Foreclosure `Irregularities,' Moody's Says

MetLife Inc., the insurer with more than 200 home-loan offices in the U.S., is delaying the sale of some foreclosed properties and found “irregularities” in its processes of taking over houses, Moody’s Investors Service said.


“MetLife Home Loans temporarily postponed foreclosure sales in some states,” Moody’s said in a statement late yesterday. “Foreclosure process irregularities” could force the company to hold property longer, Moody’s said.

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