EquityKey sent out a notice to originators last week informing brokers them that it had been repurchased by its original founders and is no longer owned or funded by KBC Bank. 
According to the statement, the company is in the process of identifying new funding sources with the intention of resuming funding in the […]

In Home Equity Niche Freezes, American Banker Journalist Maria Aspan writes about how shaky capital markets have hurt the growth of equity release products from EquityKey and Rex & Co.  The products, which are often sold as an alternative to reverse mortgages, allow homeowners to receive cash in exchange for a share of their home’s […]

Several RMD readers have been asking if  EquityKey is still accepting applications for its reverse mortgage alternative product and the answer is “Yes”.  According to Equity Key’s Janis Jarosz, VP of Marketing, October was the company’s strongest application month yet. 
While the company is still accepting applications, they have suspended funding for new applicants until […]

Equity release products offered by companies like REX & Co and Equity Key have received a lot of coverage in the past few months, but it looks like the turmoil in the financial markets is starting to take its toll on these types of products.  Last week, REX & Co announced that its REX Agreement […]

Equity Sharing agreements are all “the rage” at the moment.  In the past few weeks almost every major news publication has covered companies like EquityKey and Rex & Co.  Although each company structures the transactions in different ways, the premise of the arrangement is the same: A homeowner agrees to give up part of […]

As jumbo reverse mortgages continue to become harder to find and less competitive, taking a look at reverse mortgage alternatives like Equity Key and the REX agreement might be a better solution for some people.  Both products offer a broker advisor type of program if you have a clients that are interested in learning […]