Executives at Better.com said the conflict in Iran is causing some borrowers to delay closing on mortgages, prompting the company to lean more heavily on home equity lines of credit (HELOCs) to sustain origination volume. At the same time, the New York-based digital mortgage lender continues to cut costs in an effort to meet its […]
Better cuts costs, expands HELOC push amid mortgage market volatility Read More »
Better Home & Finance is releasing a new product that will help homeowners access home equity. Processing Content The mortgage originator announced Wednesday the launch of its Better Home Equity Card on Stripe Issuing. The card offers a simpler and digital alternative to high-cost unsecured debt for home renovations and improvements, the company said. “Homeowners
Better partners with Stripe to launch home equity card Read More »
U.S. homeowners are sitting on more than $11 trillion in tappable home equity, and the mortgage industry is racing to capture it. Processing Content With interest rates providing little incentive for many homeowners to refinance or relocate, lenders and technology firms are pouring resources into home equity lines of credit, a product long dominated by
SoFi enters HELOC market amid home equity surge Read More »
Reverse mortgage lender Finance of America is offering a new product that allows older homeowners to access their home equity without, they say, adding another monthly expense. Processing Content The lender launched HomeSafe Second Line of Credit, a second-lien reverse mortgage line of credit that allows homeowners 55 and older to draw funds as needed
FOA launches new reverse mortgage line of credit product Read More »
FIGRE Trust is preparing to sell securitized bonds secured by recently originated revolving home equity lines of credit (HELOC), with the smallest underlying loan count and a pool balance, $335.7 million, one of the smallest in the program since late July 2025. Processing Content The transaction, FIGRE Trust 2026-HF3, will sell the notes through eight
FIGRE Trust issues $335.7 million from pool of HELOC Read More »
Figure Technology Solutions confirmed an anticipated consecutive-quarter drop in earnings but reported that its numbers were up compared to a year ago, before it went public. Processing Content The blockchain-based capital marketplace for consumer loans and crypto assets generated $15.2 million in earnings for the fourth quarter of 2025. That number was up 156% from
Figure Technology earnings dip after IPO costs Read More »
Many Americans may not know it, but they’re sitting on a gold mine just waiting to be tapped. The total equity held in real estate by homeowners is now nearly $36 trillion, according to the latest Federal Reserve data. That marks an increase of over $175 billion over the past year. When measured as a
Appraising the evolution of home equity usage Read More »
U.S. lenders are racing to tap homeowners’ record equity, rolling out new HELOCs, non-QM loans, and even blockchain-backed products to capture market share. Boston Consulting Group’s third quarter recap noted that banks are focusing their mortgage operations on deepening customer relationships in order to grow, and this includes increasing second-lien lending. “Lenders continue to expand
From HELOCs to blockchain: home equity moves forward Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now The mortgage industry has invested a huge amount of time and money to create products for tapping the vast amount of home equity equity inside the 145 million residential homes in the US.
The second-lien push that won’t quite catch Read More »
Figure Technology Solutions reached $2.5 billion in consumer loan marketplace volume in the third quarter of 2025 — a 70% year-over-year increase, the company reported Thursday in its first earnings release since going public. Most of Figure’s volume continues to come from home equity lines of credit (HELOCs). New product categories — including crypto-backed loans,
Figure’s marketplace accelerates with $2.5B in Q3 volume Read More »