Figure issued a fully pre-funded securitization with HELOCs, with the firm touting the effort as an alternative to the agency TBA market.

Truss Financial and Deephaven Mortgage launched digital home equity line of credit products.

Figure has closed its first fully prefunded securitization of home equity lines of credit.

Borrowers aren't shopping for the best rate.

Rocket Mortgage was the largest originator of home equity loans in the first quarter of 2026. The nonbank started originating closed-end second liens in recent years as refi opportunities declined. (Includes three data tables.)

Officials at Figure Technology Solutions see home equity lines of credit as a way to get into the residential mortgage market. They plan to expand into other offerings.

Excluding a one-off $5.69 billion issuance from Chase, securitization of home equity loans declined during the first quarter. Activity involving closed-end second liens held up while HELOC issuance fell. (Includes three data tables.)

The Washington Supreme Court has issued a ruling restricting lenders’ ability to complete non-judicial foreclosures on HELOCs.

First Colony has fully deployed the AI-powered point-of-sale platform after a pilot rollout.

United Wholesale Mortgage is offering brokers an 86-basis-point pricing incentive to celebrate the lender's 40th anniversary.