March 28, 2024
Losses subsided at Better Home & Finance Holding Co. last year as the company took steps to grow its home-equity line-of-credit lending from less than $100 million during 2023.
March 26, 2024
After surging during the pandemic, home improvement financing nose-dived 65 percent last year, leaving it at the lowest level in a decade. And the post-pandemic hangover doesn't appear to be abating, with a decline in renovations expected this year.
March 25, 2024
A closed-end home-equity loan program launched a year ago in targeted communities by KeyBank, N.A., has generated more than $10 million in production.
March 22, 2024
The latest results are in, and the top originator of closed-end and open-end home-equity loans has been identified. Among all home-equity lenders, the share of closed-end business has widened.
March 21, 2024
By ELIZABETH THARAKAN A New Jersey appellate court has ruled in favor of Bank of America, N.A., in a case where the financial institution dismissed a foreclosure action on a defaulted home-equity line of credit and instead filed a breach-of-contract action.
An initial public offering is planned for the newly launched parent of home-equity fintech giant Figure Lending LLC.
A securitization of closed-end second mortgages originated mostly by Rocket Mortgage LLC pushes industry-wide CES issuance so far this year solidly beyond the closed-end dollar volume for all of last year.
This year's first home-equity investment issuance is the largest HEi transaction since at least 2020.
March 20, 2024
Fifth Third Bank, N.A., the eighth largest originator of home-equity lines of credit, is changing its mortgage lending platform in a move that will impact HELOC production and servicing.
March 19, 2024
An $18 billion Lone Star credit union is adopting a home-equity lending platform that will help it improve the borrower experience, reduce turnaround, and save money.
March 19, 2024
Carrington Mortgage Services LLC has joined a growing group of companies that acquire closed-end second mortgages from third-party origination clients. It's not Carrington's first foray into the CES market.
March 19, 2024
Bank and non-bank home-equity originators are expected to benefit from an integration with Encompass that automates and speeds up the lending process for open-end and closed-end products. It's the latest in a series of home-equity technology integrations.
March 18, 2024
A corporation has been created as the new parent of Figure Lending LLC, while the former parent has launched a new trading platform for blockchain native assets. Among other things, the move is intended to improve lending efficiency, leverage originations of lending partners, and streamline capital markets activity.
The HELN Newsletter
February 26, 2024
By SUNDANCE BRENNAN Home-equity investments are gaining momentum and poised to increase market share in 2024 at an exponential rate. Key factors include several private securitizations, relatively high interest rates, and institutions seeing high returns. There is also a record...