ICE launches Residential Whole Loan Evaluations service for unsecuritized loans

ICE extends evaluated pricing to unsecuritized residential whole loans

Intercontinental Exchange, Inc. announced on Sept. 30, 2026, the launch of its Residential Whole Loan Evaluations service. According to the company announcement distributed through S&P Capital IQ, the new offering brings the same model-driven evaluated pricing process that ICE has long applied to securitized products to individual, unsecuritized residential whole loans. ICE characterized residential whole loans as one of the fastest-growing segments of fixed income and said the new service is intended to fill a gap between securitized and unsecuritized markets by providing structured price infrastructure where little had previously existed.

How the service is built

The Residential Whole Loan Evaluations service is built on ICE's established evaluated pricing process, the company said, and is overseen by a group of experienced evaluators. ICE said the service delivers transparent, model-driven pricing across the residential whole loan market, with the same methodology already used for securitized instruments now extended to unsecuritized loans. ICE did not name individual evaluators in the announcement, and the full text of the evaluator-group composition was not included in the released excerpt.

Coverage and target market

Residential whole loans have grown quickly within fixed income but have historically lacked a structured price infrastructure, according to ICE. The company positioned the launch as a way to provide the transparent pricing that has long been available for securitized instruments to the whole loan market, addressing what it described as a transparency gap. ICE's description of the service emphasizes pricing rather than trade execution, loan trading, or secondary-market platform functionality.

Unresolved details

The announcement distributed through S&P Capital IQ did not include pricing for the new evaluations service, customer onboarding timelines, or a list of participating data contributors. ICE also did not specify in the available excerpt whether the Residential Whole Loan Evaluations will be offered through existing ICE data terminals, APIs, or a separate delivery channel. The full announcement text beyond the shared excerpt was not available in the provided source set.