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Fitch Downgrades Financial Freedom’s Reverse Mortgage Servicer Rating

image Financial Freedom cant catch a break… Today, Fitch Ratings has downgraded Financial Freedom Senior Funding Corporation’s (Financial Freedom) residential primary specialty-reverse mortgage servicer rating from RPS3+ to RPS3.

The press release makes it sound like the downgrade has to do with their parent company IndyMac Bank, FSB more so than their loans.  To read the press release click the link below.

Fitch Downgrades Financial Freedom’s Reverse Mtge Svcr Rating; On Watch Negative

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