WSFS Financial Corp., Wilmington, Del., has given up on its joint venture in the reverse mortgage field after a little over one year, citing the unlikelihood of profitability.

In April 2008, the company acquired a majority interest in 1st Reverse Financial Services LLC, Westmont, Ill. While results at the unit did improve during the second quarter when compared with the first quarter this year, it was still a money-losing operation.

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