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NEW YORK -- Fitch Ratings has assigned an "RPS3+" residential primary servicer rating to Financial Freedom as a servicer of reverse mortgage loans. Fitch said the rating is based on Financial Freedom's recognized expertise in servicing reverse mortgages, integrated payment processing and reverse mortgage systems, and established quality monitoring procedures. The rating also reflects the financial strength of Financial Freedom's parent, IndyMac Bank, which has a "BBB-" long-term debt rating from Fitch.
Financial Freedom is ...