Figure Technology Solutions recently launched Democratized Prime, a marketplace to fund home equity lines of credit with capital from institutions and individuals.

The dataset will provide investors and issuers access to performance metrics in the home equity line of credit market.

A cornucopia of non-agency MBS hit the market in early July.

Originations of new HELOC commitments and closed-end second liens ticked up by 2.1% in the first quarter of 2025 compared with the previous quarter. Bank of America lost its spot as the top HEL lender. (Includes three data tables.)

Bank of Hope anticipates three-year earn-back period following sale of low-yielding MBS; Figure touts strong demand for HELOC securitization; Wells transferring some non-agency MBS servicing to Shellpoint; Hooters whole-business securitization downgraded again.

Stop-advance standard for non-agency MBS under consideration; EJF Capital works with Third Coast Bank on another CRT; MISMO proposes standards for electronic HELOCs.

As the housing shortage persists, home equity has been increasing, creating opportunities for lenders.

Non-agency securitization of home equity loans resumed its rising trajectory after slumping in the fourth quarter of 2024. Rocket was the top issuer in the first quarter, focusing on closed-end second liens. (Includes two data tables.)

The subservicing solution is designed to manage the unique challenges of servicing home equity lines of credit.

The amount of available home equity ticked down during the fourth quarter and lenders saw a fall in demand from homeowners for home equity loans. Still, for the full year, home equity lending increased by 10.8%. (Includes three data tables.)