Securitization volume of home equity loans increased by 5.8% on a sequential basis to $10.62 billion in the fourth quarter of 2025.

“5.75% is really where you have more and more homeowners in the money on a cash-out refi,” Scott Peyree, president and CEO of LendingTree, said.

Prior to back-to-back CRT offerings in February and March, the government-sponsored enterprise hadn’t issued a CRT deal since October.

MorVest Capital is brokering the sale of agency mortgage servicing rights with an unpaid principal balance of $2.41 billion.

Some $401.0 billion of nonconforming mortgages were originated in 2025.

"We structurally doubled the capacity of every production team member through technology," said Varun Krishna, CEO and director of Rocket Companies.

Michael Tannenbaum, CEO of Figure Technology Solutions, said some lenders are on the verge of shifting some of their mortgage business from the GSEs to FTS.

The Senate is poised to vote on legislation aimed at addressing housing affordability.

Home equity investment deals propped up issuance of home equity loan securitizations in the fourth quarter. For the full year, HEL securitizations nearly doubled from 2024 levels. (Includes three data tables.)

As bank issuance of CRT deals increase, additional regulations and disclosure requirements are under consideration.