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.

As soon as July, FHFA plans to issue a proposed rule that would establish standards for the GSEs related to returns on capital for new single-family mortgage acquisitions.

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.

The historical VantageScore data are available to approved users to help with the GSEs' planned acceptance of the credit score.

Some $9.71 billion of conforming jumbos were included in GSE MBS issued during the second quarter.

The non-agency securitization market for closed-end seconds has grown substantially in the past year as lenders look to expand their product offerings with refinance business limited.

One issue: Because lenders don’t bear property insurance risks, they have little incentive to screen for counterparty quality...