Acra searches for new CEO; Rocket Companies upsizes securitization; House approves bill that would remove qualified mortgage underwriting requirements for small banks; prepayment rates on non-QMs increase; Longbridge Financial launches home equity product.

The Texas-based finance company’s $112.1 million nonprime auto ABS received an A- rating.

Floods are the main driver of climate-related foreclosures, according to First Street. The firm said lenders consider climate as a risk factor.

New York-based fintech Better is branching out by selling its AI-driven mortgage underwriting software to banks.

American Pride Bank’s new unit is called APB Wholesale and has a keen focus on non-QMs.

Demand for vacation homes has dropped to the lowest level since 2018.

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

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

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.