MetLife Inc. agreed to buy the residential-mortgage origination and servicing business of First Horizon National Corp. as the insurance giant continues its push into the mortgage business.
The deal, terms of which were undisclosed, is set to close in the third quarter and includes all of First Horizon's origination business outside its home state of Tennessee and servicing some $20 billion in mortgages. More than 230 retail and wholesale offices nationally will be transferred. (more)
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