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REX

NestWorth Emerges With A New Reverse Mortgage Alternative Product

December 8th, 2008  |  by John  |  published in Alternatives, EquityKey, News, REX, Reverse Mortgage

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 [...]


Reverse Mortgage Alternative Product Halts Applications, Remains Open

October 13th, 2008  |  by John  |  published in Alternatives, EquityKey, News, REX, Reverse Mortgage

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 [...]


Wall Street Journal Covers Equity Release Programs

October 1st, 2008  |  by John  |  published in Alternatives, EquityKey, News, REX, Reverse Mortgage

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 [...]


Reverse Mortgage Alternative Product Expands Into New States

September 15th, 2008  |  by John  |  published in Alternatives, News, REX

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 [...]


Portfolio Mentions Pickup In Reverse Mortgages

June 9th, 2008  |  by John  |  published in News, REX, Reverse Mortgage

Portfolio magazine included their Trouble Reverse? story in their top 5 stories email that I receive every morning.  While the title of the story hints that the article would be negative, the overall tone of the article is pretty positive.
This is the first article from a big publisher whose main focus isn’t on the costs [...]


Thanks to Our Sponsors

December 29th, 2007  |  by John  |  published in 1st Reverse, LLS, Liberty Reverse, Products, REX, Reverse Mortgage

Just a quick post to say “thank you” to our sponsors who make Reverse Mortgage Daily possible.

1st Reverse Financial Services – 1st Reverse Financial Services offers a complete Wholesale Correspondent Lending Program, featuring a wide assortment of Reverse Mortgage Products including the Fixed4Life™ Fixed Rate HECM, the Fixed4Life™ XL JUMBO Fixed and the HECM Pathway™.
Lender [...]


REX’s Reverse Mortgage Alternative

June 6th, 2007  |  by John  |  published in Alternatives, REX, Reverse Mortgage

I wrote about Real Estate Equity Exchange, Inc. (REX) a few months ago and recently there has been a large amount of press about the product.  REX’s product offers homeowners cash for the rights to share in the proceeds of their property when it’s eventually sold.  The Real Estate Journal provides a good example of a sample [...]


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