An insurer-owned bank is beefing up its ability to help older U.S. residents cash in on the value of their homes.
MetLife Inc., New York, has agreed to acquire EverBank Reverse Mortgage L.L.C., Bloomfield, N.J., from EverBank Financial Corp., Jacksonville, Fla., and make the unit part of its own MetLife Bank subsidiary.
The price of the deal was not immediately available.