Unlock Tech raised $433.1 million amid tough bond rates week
The home equity agreements provider faced a week of the 10-year Treasury almost breaking through 5.35%, and a period of peaking mortgage rates.
HELOCs
Market HELOCs at local level, not broadly, to be successful
In an increasingly competitive business segment, having the data to do targeted marketing at the neighborhood level will help home equity application conversion rates.
Aven’s HELOC assets secure $304.1 million in ABS
Aven Simple Loans, as the pool of designated receivables is known, is composed of 6,786 draws from 5,767 HELOC credit card accounts, all of which are exempt from Ability-to-Repay rules.
FIGRE’s HELOC pool supports $321 million in mortgage-backed notes
At the end of the draw term, HELOC borrowers have a repayment period ranging from 10 to 30 years, and customers cannot draw on the HELOCs during the repayment period.
Renovation financing opportunities await lenders, survey finds
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
Figure Lending raises another $354.4 million from HELOCs
The notes will be issued off of a pool of 3,525 first- and junior-lien revolving HELOCs that were recently originated. The deal will repay investors on the 25th of each month, and notes have a stated final maturity date of July 2056.
Second-lien issuance expected to reach $41 billion this year
So far this year, the volume of closed-end second and home equity line of credit securitizations is near last year's $29 billion, Bank of America Securities said.
Achieve’s HELOC pool to support $261.4 million in RMBS
Servicers of ACHM Trust 2026-HE1's underlying mortgages are also not required to forward any principal and interest advances on the mortgage loans they service.
With updated FICO model, Figure Lending floats $321.1 million on HELOCs
Figure Lending originated the HELOCs using the FICO 9 scoring model, which treats medical debt, rental payments and repaid collection accounts differently.
FIGRE Trust issues $335.7 million from pool of HELOC
FIGRE 2026-HF3 will repay noteholders on a pro rata basis but is subject to a provision that requires the deal to repay noteholders sequentially after a credit event.
Onslow Bay prepares to sell $452.7 million in ABS from HELOCs
First liens and junior liens account for 197 and 1,755 of the pool, respectively, DBRS said. They have unpaid balances of $30.5 million and $217 million, with FICO scores of 747 and 740 on a WA basis.
HELOCs back Saluda Grade Alternative Mortgage’s $366.9 million
Leverage is moderate in Saluda Grade's pool, yet the junior liens carry slightly more LTV and DTI risk, on a weighted average (WA) basis.
FIGRE issues HELOCs backed by $242.3 million in contracts
After the end of the draw periods that range from two to five years, the amortization begins, during which borrowers have a repayment period ranging from three to 25 years.
Better launches HELOC, CES wholesale channel
The lender, which reported over $200 million in home equity line of credit volume in the recent quarter, suggests the business can deliver massive scale.
Exclusive: Better.com, Biz2Credit partner on small-business HELOCs
Small-business owners will be given the option to tap into anywhere from $50,000 to $500,000 in financing.
HELOCs secure $210.9 million in bonds from Achieve Home Loans
ACHM 2025-HE1 will repay notes using a pro-rata, sequential pay structure that must satisfy an overcollateralization test, and cumulative loss and delinquency triggers.
FIGRE Trust floats $306.7 million in HELOCs
Unlike previous FIGRE deals where overcollateralization provided credit support to the notes, FIGRE Trust 2025-HE1 has a class G composed of principal-only notes that provide the credit support.
Couple sues Newrez for OK’ing fraudulent HELOC wire transfer
Newrez's servicing arm approved an "obviously counterfeit" HELOC request from a bad actor totaling almost $500,000, a complaint claims.
FIGRE Trust prepares to sell $220 million in HELOCs
Aside from the pool primarily made up of second and junior liens in the pool, 82.2% of the loans were underwritten with alternative documentation.
PRMI Securitization Trust raises $315.6 million on HELOCs
None of the loans registered a delinquency in the past 24 months, and none had received a modification prior to the May 31 cutoff date.
Load More
Couldn’t load more articles. Try again.