Some $77.98 billion of purchase mortgages without MI were included in agency MBS issued in the second quarter, a 35.1% increase compared with the first quarter.

An affiliate of Ares Management started marketing a $358.24 million non-QM mortgage-backed security.

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.