The total delinquency rate among large servicers increased by 11 basis points during the second quarter of 2025. The reading was down compared with June 2024, though delinquencies look poised for further increases. (Includes two data tables.)

Figure Technology Solutions has flourished with HELOCs by developing new technology. Now the company is aiming to complete an initial public offering to expand into other markets.

The issue dates to 2020, when Two Harbors moved to terminate its management agreement with Pine River Capital Management for cause.

The new relationship will increase Two Harbors’ third-party subservicing business to $31 billion in unpaid principal balance.

Some 80% of the lenders in the MBA's sample turned a profit in the second quarter, the highest share since the third quarter of 2021.

The new endorsements will conceivably cost extra beyond standard title insurance.

Carrington hasn’t been identified in rating reports as a contributor to any securitizations of closed-end second liens issued this year.

“The entire portfolio has experienced overwhelmingly positive rating pressure,” Fitch said of GSE CRT issuance.

Issuance declined by 17.8% compared with the first quarter.

The planned IPO will help Figure expand into other markets.