The proposal, published by Andrew Davidson, seeks to create a platform where regulators, investors, mortgage servicers and more would share their own data and receive access to the broader pool of data, in an effort that could decrease costs and improve attempts to aggregate mortgage data.

The top five GSE sellers saw their market share jump from 33.5% in the first quarter to 36.7% in the second.

“This is ultimately giving each and every market participant a chance to see what the new score will look like, to see what the GSEs are proposing in terms of calculating a representative score,” said Anthony Hutchinson, a senior vice president of industry and government relations at VantageScore.

The share of loans with a credit score of 740 of above increased from 69.65% for deliveries to the GSEs in the first quarter of 2024 to 70.80% in the second quarter.

Two entities at JPMorgan Chase started marketing separate prime non-agency mortgage-backed securities Monday.

Issuance of residential mortgage-backed securities increased by 25.1% from the first to the second quarter of 2024, hitting $304.37 billion.

The non-agency conduit of Radian Group started aggregating loans in 2022.

With the new securitization, Rocket's non-agency issuance of closed-end second liens will hit $2.19 billion for the year.

Fannie Mae, Freddie Mac and Ginnie Mae issued a combined $272.04 billion of single-family mortgage-backed securities in the second quarter.

Toorak issued the first-ever rated RTL securitization earlier this year.