Press Releases
Jumbo Reverse Mortgages: The Great Disappearing Act of 2008
SAN FRANCISCO – September 11, 2008 – For anyone keeping score, the list of mortgage products that have disappeared over the past 24 months is long indeed. That trend has showed few signs of abating in 2008, with jumbo reverse mortgages among the latest casualties to face Wall Street’s waning appetite for mortgage related products, particularly in high value states with declining markets like California, Florida, Massachusetts and more. Read the press release.
REX & Co Launches in New Jersey, New York, Virginia, and Pennsylvania
SAN FRANCISCO – August 21, 2008 – Millions of homeowners in the most populated Mid- Atlantic states now have the ability to unlock equity in their homes without ever incurring debt, interest charges or monthly payments. REX & Co., a real estate investment company dedicated to creating safe alternatives to debt financing, announced today that it has expanded the REX Agreement into New Jersey, New York, Pennsylvania and Virginia as it completes its coverage in the Mid-Atlantic region. Read the press release.
Homeowners Shocked by Frozen HELOCs Find Relief, August 18, 2008
SAN FRANCISCO – August 18, 2008 – For many homeowners, the bad news hit their mailboxes over the past few weeks. For others, the bad news is still to come. Big, well known financial institutions including Bank of America, Washington Mutual, Morgan Stanley and others have recently blanketed customers with notices that their Home Equity Lines of Credit – or HELOCs, have been frozen. Especially hard hit were homeowners in states with higher market values, where home prices have since fallen the most. Read the press release.
REX & Co Launches in Maryland
SAN FRANCISCO – August 5, 2008 – Maryland homeowners now have the ability to unlock equity in their homes without ever incurring debt, interest charges or monthly payments. REX & Co., a real estate investment company dedicated to creating safe alternatives to debt financing, announced today that it is offering the REX Agreement in Maryland. Read the press release.
REX & Co Launches in Connecticut
SAN FRANCISCO – June 30, 2008 – Connecticut homeowners now have the ability to unlock equity in their homes without ever incurring debt, interest charges or monthly payments. REX & Co., a real estate investment company dedicated to creating safe alternatives to debt financing, announced today that it is offering the REX Agreement in Connecticut. Read the press release.
REX & Co Launches in Colorado
SAN FRANCISCO – June 30, 2008 – Colorado homeowners now have the ability to unlock equity in their homes without ever incurring debt, interest charges or monthly payments. REX & Co., a real estate investment company dedicated to creating safe alternatives to debt financing, announced today that it is offering the REX Agreement in Colorado. Read the press release.
REX & Co Launches in Oregon
SAN FRANCISCO – May 6th, 2008 – Oregon homeowners now have the ability to unlock equity in their homes without ever incurring debt, interest charges or monthly payments. REX & Co., a real estate investment company dedicated to creating safe alternatives to debt financing, announced today that it is offering the REX Agreement in Oregon. Read the press release.
REX & Co Launches in Massachusetts
SAN FRANCISCO – April 30, 2008 – Massachusetts homeowners now have the ability to unlock equity in their homes without ever incurring debt, interest charges or monthly payments. REX & Co., a real estate investment company dedicated to creating safe alternatives to debt financing, announced today that it is offering the REX Agreement in Massachusetts. Read the press release.
AIG Financial Products Corp. Announces Strategic Investment In The REX Group, 2007
SAN FRANCISCO – May 13, 2008 – “AIG Financial Products Corp...announced that it has taken a significant minority equity stake in The REX Group, a group of San Francisco-based home finance companies, including Real Estate Equity Exchange, Inc. and Odin Investment Management LLC.” Read the press release.