It’s the first auto loan ABS with loans aggregated from multiple credit unions. Alloya is a corporate credit union that provides services to more than 1,300 credit unions and other entities.

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.)

The nonbank share of total originations increased from 65.2% in 2024 to 66.4% in the first quarter of 2025. Four of the five largest lenders in the residential mortgage market are nonbanks. (Includes two data tables.)

The Mortgage Bankers Association supports many of the housing-related provisions included in the bill proposed last week by Senate Republicans.

Bill to limit trigger leads passes in House; Fannie economists see higher interest rates; home prices decline in April; HUD on the move; FHFA directs GSEs to propose using cryptocurrency in calculations for mortgage applicant’s reserves.

Chase issued a similar deal in December.

Sales of new single-family homes declined by 13.7% on a monthly basis in May.

Rising home prices and property insurance premiums, elevated interest rates and other factors are placing financial burdens on homeowners and limiting homeownership opportunities.

The firms have issued three similar deals, beginning in early 2024.

At a hearing in the House, Powell reiterated that the Fed is waiting to see developments in tariff policies and the employment market before deciding whether to cut rates.