In recent reverse mortgage news, Financial Freedom was acquired by IndyMac last month. Or rather, One West acquired IndyMac and also received Financial Freedom as part of the deal. Regardless, Financial Freedom’s name changed from Financial Freedom Senior Funding to Financial Freedom Acquisition LLC. Apparently there were also some layoffs at Financial Freedom.
We realize that this is not the freshest news, but it does have a large effect across the industry, and we wanted to make sure it didn’t fall through the cracks.
Have a great weekend everyone!