FINANCIAL FREEDOM SENIOR LENDING CORP
ITS NOT BAD ENOUGH THAT THESE RATS ARE CONSPIRING TO STEAL THE PENSION CHECKS OF RETIREES.LETS HAVE A LOOK AT THEIR REVERSE MORTGAGE SCAM AND THEIR THEFT OF THE HOMES OF SENIORS
LETS HAVE A LOOK AT THE BOARD OF DIRECTORS OF FINANCIAL FREEDOM SENIOR LENDING AND HOW MUCH THEY WERE PAID TO STEAL FROM SENIORS, THE PREDATORY LENDING LAWSUITS AND WHO FINANCED THIS SCAM
Financial Freedom Senior Funding Corp. The company's parent firm, ULLICO Inc., a $2.7-billion diversified financial and insurance services corporation, has been investing in reverse mortgages since 1993
PROVIDER OF THE
estate-devouring, nightmare home loan you hope to never encounter: a reverse mortgage with a base interest rate of 9.95%, plus a 50% share for the lender of increases in value of the house after closing, plus a 2% "maturity fee" to sweeten the payout even more. On top of that, there's a $33,000 mandatory purchase of an annuity by the homeowner that is added to the principal balance and incurs compounding interest while lessening the lender's future payments to the homeowner.
The dangers are outlined in a lawsuit filed against Financial Freedom. The suit claims that the company advised its business partners to encourage seniors to take out as much money as possible in reverse mortgages so that the fees and interest paid to lenders would be maximized.
The complaint goes on to say that Financial Freedom encouraged and trained partners, some of whom were insurance agents, to sell insurance products to seniors with the money gained from the reverse mortgage. In turn, Financial Freedom would obtain additional interest on the extra money borrowed
The dangers are outlined in a lawsuit filed against Financial Freedom. The suit claims that the company advised its business partners to encourage seniors to take out as much money as possible in reverse mortgages so that the fees and interest paid to lenders would be maximized.
The complaint goes on to say that Financial Freedom encouraged and trained partners, some of whom were insurance agents, to sell insurance products to seniors with the money gained from the reverse mortgage. In turn, Financial Freedom would obtain additional interest on the extra money borrowed
THESE NAMES LOOK FAMILIAR FROM THE PREDATORY LENDING MORTAGE SCAM
INDYMAC BANCORP CIK#: 0000773468
formerly: INMC MORTGAGE HOLDINGS INC (filings through 1998-03-31)
formerly: INDYMAC MORTGAGE HOLDINGS INC (filings through 2000-07-05)
formerly: CWM MORTGAGE HOLDINGS INC (filings through 1997-04-30)
formerly: COUNTRYWIDE MORTGAGE INVESTMENTS INC /DE (filings through 1994-03-18)
Board of Directors
TO BE CONTINUED..YOU RAT LOW LIFE'S
