Three months after putting its "forward" mortgage origination business on the block, MetLife Inc. announced Tuesday it had shut the operation down. Most of the 4,300 employees who work in the unit will lose their jobs, the insurance giant said in a Securities and Exchange Commission filing.

Among funders, MetLife Home Loans ranks 10th nationwide. As reported by National Mortgage News, MetLife Home Loans has been on the auction block with a handful of bidders, including American Home Mortgage Servicing Inc., EverBank, and PNC Bank eyeing certain production units and/or branches.

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