Homeowners are tapping their equity to pay off consumer credit debt and student loans.

Acra, a top player in the non-qualified mortgage market, has a new CEO, Shawn Stone.

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.

It’s not every day that an expanded-credit specialist branches out into conventional funding. But that’s what A&D Mortgage is doing via its acquisition of Flagstar’s TPO unit.

About 20 wholesale account executives and managers recently left Acra for Champions Funding.

There’s plenty of home equity available to homeowners but interest rates are constraining originations of home equity loans. Banks remained the top three originators of home equity loans in the third quarter. (Includes three data tables.)

Despite a traditional slowing in loan locks in October, Optimal Blue found more demand for nonconforming and FHA loans.

HPS Investments, which owns nonprime originator/servicer Acra Lending and more, is toying with an IPO. Acra is a small part of what HPS owns, but it would open up the lender to public disclosures.

TD Bank plans to sell some of its jumbo mortgages and a correspondent business to free up asset space under a new cap set by the OCC. Wells Fargo, meanwhile, appears to be nearing a release from its cap.

It’s possible that some large lenders are offering 2025 conforming loan limits that are higher than where FHFA will set the limits. If that’s the case, there could be complications but no major concerns.