MetLife Bank Replaces BofA on KB Home Mortgage Deal to Add Young Borrowers

"MetLife is lending more as near-record low interest rates pressure returns on insurance products. Employment at its MetLife Bank unit have surged, while lenders like Bank of America scale back amid losses on loans issued during the pre- 2008 housing boom. MetLife's growth may explain why KB Home (KBH) selected the company instead of a bank with a more recognized brand, said Michael G. Smith, an analyst with JMP Securities."