MetLife takes over First Horizon Home Loans

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A new national brand has appeared on the local mortgage scene.

MetLife, the insurance giant based in New York, has taken over First
Horizon Home Loans and its office at 2160 41st Ave. in Capitola.

First Horizon National Corp., based in Tennessee, announced the sale
of its mortgage business and 230 offices nationwide to MetLife Bank in
June. First Horizon retained 21 offices in Tennessee.

Mark Junod, formerly the Capitola manager for First Horizon, is the
branch manager for MetLife Home Loans. Junod referred questions about
the change to MetLife spokesman David Hammarstrom, who didn't have
details Tuesday.

Junod, a top producer for First Horizon and a UC Santa Cruz economics
graduate, will be among the lenders talking to the Santa Cruz
Association of Realtors Friday morning about changes in the mortgage
industry. Other speakers include Sue Bullock of BWC Mortgage, Rick
Campbell of Wells Fargo, Peter Ogilvie of First Residential Mortgage
and Tai Boutell of Santa Cruz Home Finance.

Junod founded Glenbrook Financial, which was acquired by First Horizon
in 1999. Others in the MetLife Home Loans office are Junod's wife
Laura, a UCSC economics graduate, Bob DiGrazia and Kevin Mee. All
worked for First Horizon.

MetLife, which operates globally, has been in existence for 140 years.
It acquired Everbank Reverse Mortgage in May.

In August, First Horizon ranked eighth on the ailing lender list
compiled by the Mortgage Lender Implode-O-Meter, a Web site that
tracks the mortgage industry www.my-quickloans.com/Avoiding-mortgage-insurance-.html
 

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