MetLife says its foreclosure affidavits are accurate
MetLife, Inc. is standing by its accuracy with regard to foreclosure affidavits processed through the companies mortgage arm, MetLife Home Loans. The firm said Friday that as part of its practice, "MetLife Home Loans verifies mortgage information included in affidavits filed in foreclosure proceedings and is satisfied that the information is accurate." The financial services and insurance firm also said its Home Loans division regularly reviews and, when necessary, enhances foreclosure practices and procedures. The commentary comes after Moody's Investor Services said Thursday it is reviewing MetLife Home Loans along with Litton Loan Servicing and Bayview Loan Servicing for a possible downgrade due to questionable foreclosure practices. MetLife reportedly had employees robo-signing affidavits without knowledge of certain elements in the case. The company has postponed any foreclosures sales at this time. Litton and Bayview allegedly extended REO timelines through foreclosure proceedings. Litton had no comment on the subject. Bayview did not return calls for comment. Write to Christine Ricciardi.