Growth in securitizations of home equity loans slowed in the third quarter from an exponential pace earlier in the year. Still, issuance was up, with Rocket leading the way. (Includes two data tables.)

Splitero expands to Arizona; A&D Mortgage launches free CRM; Achieve updates terms on HELOC product.

Arc’s new HELOC product is a fully digital offering that can lead to loan funding in less than five days.

Refi promotion at A&D and DSCR expansion; Hometap brings new HEI securitization; Aclara Lending enters the non-QM lender space.

Carlyle agreed to purchase up to $300 million of equity-sharing home loans originated through a new program from Unison.

Improved underwriting and consumer resiliency makes DoubleLine bullish on the consumer ABS market moving forward.

The biggest increases in home equity lending this year have been seen at nonbanks. Rocket Mortgage more than doubled its originations of closed-end second liens in the first half of 2024 from a year ago. (Includes three data charts.)

loanDepot introduces first-lien HELOC; MFA promotes co-chief investment officer; Calque expands buy-before-you-sell product suite.

The Fourth Circuit has ruled that the Truth in Lending Act’s offset provision covers home equity lines of credit accessed via a credit card.

HELOCs can fall under the definition of a "credit card plan"  included in the Truth in Lending Act's offset provision, according to the appeals court.