Financial Freedom has gone through huge changes over the past year which include, losing key employees, pissing off wholesale customers, and overall losing a lot of the brand value that they once had. I’ve received tons of emails from RMD readers who think the sooner IndyMac sells Financial Freedom, the better off the company will […]

Ouch baby, nothing like the metal chair over the back! It seems like the market has a sleeper hold on the parent company of Financial Freedom, IndyMac Bank posted a loss of $184.2 million, or $2.27 per share, for the quarter ended March 31. In the same period last year, it earned $52.4 million, […]

As the credit crunch spreads into the proprietary reverse mortgage business, it is beginning to cause issues for both originators and borrowers with dwindling options for these products. Welcome to the land of the Double Application.
Many loan originators have begun having to originate two reverse mortgages at the time of application never knowing if one […]