Critical flaws persist in nationwide residential mortgage licensing system

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.