Home equity extraction, through lines of credit and second liens, persists, while non-qualified mortgages deals lengthen what's been a record run. Bank of America's securities division projects non-QM originations of $175 billion in 2026 , with issuance climbing from roughly $80 billion toward $100 billion. This $235 million securitization was more than double the size of a March deal. The rest consists of reperforming, Individual Taxpayer Identification Number and seasoned non-QM loans. Recent deals not only show interest in securitizing non QM and home equity loans separately but some have mixed the collateral types.