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Critical flaws persist in nationwide residential mortgage licensing system

National Mortgage Professional
Dec 29, 2006

Financial Freedom enhances reverse mortgage programMortgagePress.comReverse mortgages Financial Freedom has launched HECM Advantage, the first in a suite of new reverse mortgage products based on the federally insured Home Equity Conversion Mortgage (HECM). Compared to the original HECM monthly adjustable product with a margin of 1.5 percent, HECM Advantage offers a lower interest rate and access to more home equity that can be converted to cash at a lower overall cost over the life of the loan. Irvine, Calif.-based Financial Freedom is a subsidiary of Pasadena, Calif.-based savings and loan IndyMac Bank FSB. For more information, call (888) 738-3773 or visit www.financialfreedom.com.
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