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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  • Financial Freedom is an untrustworthy company. I ahve been trying to speak to someone from the company for more than a month……….I am dealing with damage to my house from hurricane Ike and the insurance company has placed both my name and Financial Freedom on the check. Routine, I believe. However, I ahve been trying to speak to a person at the company for four weeks,,,,,,,,,,,,everytime I call I am told “Our systems are down, please call back in ten minutes, one hour, two hours” When ever I try to get further information I am told “I am only the operator, I cant give you any further information”………..Is the company not going to deal with issues? Is it going under? What can I do? Somebody please respond………..thanks, PKish

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