Dailybeam

Last week the Fitch Ratings announced that they have downgraded Financial Freedom’s residential primary specialty-reverse mortgage servicer. Resulting in the servicer being downgraded to the lowest rating, it was then removed from Rating Watch Negative, where it originally was placed in May 2008.The uncertain future of IndyMac (Financial Freedom’s "parent" company) is hurting the company with other rating agencies as well. Other agencies have also recently downgraded Financial Freedom’s servicer rating. An interesting factor  is the downgrades come after the FDIC has stated it will be investing in the servicing operations in hopes to maintain the value of the platform which is expected to be sold sooner than later. The one question that remains is, who is going to buy it?

A Florida Reverse Mortgage is a great way to help secure ones retirement.