Wednesday, September 17, 2025
Another two-step residential mortgage-backed securities transaction containing home-equity lines of credit from Figure Lending LLC is scheduled for next week, showcasing a notably high combined loan-to-value ratio. Stronger borrower credit scores and slightly leaner debt-to-income levels counterbalance the elevated leverage. The company's chairman said lenders are earning more on some first liens from its blockchain-based marketplace than from agency giants.
Residential mortgage-backed securities composed of closed-end second mortgages from Rocket Mortgage LLC feature a weighted-average coupon that is modestly higher than recent CES securitizations, while credit risk indicators remain closely aligned with overall market norms.
Two residential mortgage-backed securities issuances containing loans outside qualified mortgage standards are nearing pricing and a third deal recently wrapped up, pushing 2025 non-QM issuance beyond $21 billion. The transactions carry modest credit risk, while weighted-average coupons sit within 11 basis points of the quarter’s mean.
A rare securitization of home-equity lines of credit that are all in first-lien position carries a coupon more than 200 basis points less than comparable third-quarter transactions. A loan-to-value ratio perched 5 percentage points above the broader average is offset by higher credit scores and lower debt-to-income ratios.
Spring EQ LLC is preparing a home-equity line of credit securitization that carries a lower coupon and weaker credit profile than comparable HELOC offerings this quarter while still displaying a more favorable debt-to-income ratio than the broader third-quarter average.
Non-qualified mortgage securitizations held steady in August as aggregate prepayments softened and delinquency improved, while a standout residential mortgage-backed securities transaction approached $700 million, keeping overall issuance near the prior month’s strong level.
A former U.S. Treasury secretary has joined the board of a growing home-equity player. Two providers of home-equity investment contracts are recruiting for open positions including a data analyst and a content marketing manager who will structure content targeted for artificial intelligence.
Drawing on military discipline and a deep family legacy, Pete Hilger leads a company which he asserts monitors more loans than any other U.S. firm. His story spans purchasing the company with his brothers from their mother and ultimately selling it to a Fortune 500 company. He talked about net...
By COVIANCE Community home-equity lenders have a timely opportunity—but seizing it requires a more strategic approach. Success will come from moving beyond mass marketing, delivering personalized messaging, and simplifying the borrower experience.
By VISHAL GARG Part II of the American dream is leveraging homeownership to secure the most advantageous financing. Yet for many, equity extraction is hindered by a sluggish, often perplexing home-equity lending process and limited awareness of available products. That’s...
