A change in how MBS deals are rated led to more than 1,000 upgrades for tranches of deals backed by HELs and seasoned mortgages.

Mortgage lenders are partnering with student loan debt repayment services as a pathway to drive business with new and existing borrowers.

Citizens Bank maintained its top HEL lender position with $3.10 billion of volume in the third quarter, down 0.9% from the previous three-month period.

Analysts noted that the non-agency MBS market will benefit from strong investor demand, including more new shelves participating in the sector.

Homeowners said in a recent Hometap survey that traditional home equity solutions do not fit their needs and they are looking for more flexible finance options.

Achieve Loans started marketing a $271.2 million securitization of home equity lines of credit late last week.

Better Mortgage has sharply increased its HELOC originations, helped by a self-developed investor marketplace. Meanwhile, WSFS Bank is originating HELOCs on its own after selling a stake in Spring EQ.

After originating HELOCs on its own as a proof-of-concept, Figure Technology Solutions is now largely facilitating originations and loan sales for others, charging fees along the way. The company generated $89.8 million of net income in the third quarter.

Closed-end second liens and home equity lines of credit flowed into securitizations during the third quarter of 2025 after a brief slowdown in the second quarter. Nine months into the year, issuance was up more than 70% on an annual basis. (Includes three data tables.)

New report from ICE said that 4.1 million mortgage holders could save at least 75 basis points by refinancing.