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...

However, denial rates in the GSE automated underwriting services were higher in 2023 for Black and Hispanic applicants...

Prepayment rates are expected to be higher than in previous refinance cycles because lenders have bumped up spending on technology to improve recapture rates and loan originators are eagerly anticipating increasing their volume.

Servicers face more onerous advance requirements for delinquent loans in Ginnie MBS compared with loans in GSE MBS.

The FHA plans to continue to assess its life-of-loan mortgage insurance premium but will consider making changes to the policy in the future.

Keefe, Bruyette & Woods analyst Bose George said, "Given the modest scale of the announced pilot program, there should be no meaningful impact on the mortgage market."