Fitch Ratings has removed IndyMac and reverse mortgage lender Financial Freedom from its "rating watch evolving" list and upgraded its servicer ratings on IndyMac.

Fitch raised IndyMac's servicer ratings for Alt-A, subprime, prime and special servicing to a "2" level from a previous rating of "3." Fitch also affirmed Financial Freedom's "3" rating as a primary servicer of reverse mortgages. IndyMac Mac serviced 725,000 loans with an outstanding principal balance of $179 billion as of Sept. 30.

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