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MetLife faces DOJ scrutiny over foreclosures

Life insurer says its bank unit part of ongoing investigation

Per BusinessWeek, MetLife Inc (MET) is facing heat from the DOJ over foreclosure practices:

The bank received a request in May from the U.S. Department of Justice for information on payments the lender made to law firms tied to foreclosures, the New York-based insurer said in a filing today. Expenses were submitted to Fannie Mae, Freddie Mac and the U.S. Department of Housing and Urban Development for reimbursement, according to the filing.

A copy of the SEC filing disclosing the investigation is located here.

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