Non-QM lender/servicer Acra is in the hunt for a new CEO. Other changes may be in the offing too — as the sale of Acra’s parent, HPS, to BlackRock draws closer.

The federal deficit is putting upward pressure on mortgage rates. Meanwhile, HUD is working to allow new housing to be built on federal land.

Incenter, one of the granddaddies of the servicing brokerage business, has a new owner: tech shop Rocktop of Irving, TX.

Angel Oak Mortgage REIT securitized $284.3 million after the first quarter of the year ended.

Correspondent sales of jumbo mortgages originated in 2024 increased by more than 60% on an annual basis. The largest sellers were almost all nonbanks, though Chase cracked the top 5 with its deliveries into non-agency MBS. (Includes data table.)

American Pride Bank in Georgia launched a new mortgage division last week focused on non-QM products.

Federal agencies have used the higher-priced mortgage designation as a proxy for subprime lending. Strategies vary among the biggest originators of higher-priced mortgages, including focusing on loans for manufactured homes or expanded-credit mortgages. (Includes two data tables.)

Debt service coverage ratio mortgages, residential transition loans and other alternative products include some unique features that can’t necessarily be handled well by servicing systems for standard residential mortgages.

While impairments on securitized debt service coverage ratio loans have increased, losses have been minimal.

Unison cuts equity loan APR; demand for vacation homes drops; Beeline starts affiliate network; weak demand for second homes.