Spring EQ is a longtime player in the home equity loan market, but the firm is rarely the sole contributor to a securitization.

Kiavi originated more than $7.0 billion of loans in 2025, with a focus on short-term residential transition loans along with mortgages underwritten using debt service coverage ratios.

Lenders denied 12.1% of applications for jumbo mortgages in 2025.

Deal sizes have increased with each issuance, growing from $234.5 million for the first deal from Figure, in August, to $373.3 million with the new issuance.

The HELOCs were largely originated by United Wholesale Mortgage and HomeTrust Bank/Symmetry Lending.

Some $12.26 million of mortgages originated using VantageScore were included in GSE MBS issued in May.

The bank originated $7.34 billion in jumbos in the first quarter, a 22.9% decline from the fourth quarter of 2025, according to a new analysis and ranking by Inside Nonconforming Markets.

Buying by insurance companies is seen as a key driver in the expanded-credit MBS market.

Redfin said that investors purchased 7.8% of all home listings in the first quarter, their lowest level since 2020.

Sales of new single-family homes declined by 6.2% on a monthly basis in April.