Freedom Financial Network Closes Ninth Securitization, Earns AAA Kroll Rating
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Freedom Financial Network
The securitization, 6.2 times oversubscribed by investors, is the first from Freedom Financial Network to receive an AAA rating.
SAN MATEO, Calif. (PRWEB)
May 13, 2021
Freedom Financial Network, the parent company of Freedom Financial Asset Management (FFAM), has closed its ninth securitization, placing $272.7 million of rated notes.
This securitization, 6.2 times oversubscribed by investors, is the first to receive an AAA rating. From Kroll Bond Rating Agency (KBRA), the rating is the highest received to date on the senior notes.
“The AAA rating we have received – above the highest ratings assigned in prior securitizations – speaks to FFAM’s consistent performance, strong underwriting and servicing processes, and laser focus on driving great customer experiences,” says Joseph Toms, president and chief investment officer of FFAM. “We continue to distill and deliver a multi-product set of loans that benefits American consumers as well as the investment community.”