Having worked on this data since investors buy the loans, the loan level data by definition needs to be public. Even the borrower information is not secret because real estate ownership is public in USA. So I don’t understand what information it could possibly be other than fraud data. I think sharing fraud data is not colluding.
I mean USA just went through this when Trump team all got FISA-d and tracked. Chat control is bunch of sha hashes that match. You can basically figure out everyone who has Trump in their WhatsApp contacts and then get every message that matches Trump and no one can tell because it searches for sha(trump) not Trump. It’s perfect tool for surveillance state
Or you just buy the largest stock in each one of the 7 largest sectors and it pretty much correlates to the sp500. ETF have some nasty hidden fees related to the etf price being more expensive than the basket when you buy and less than the basket when you sell.
Sector Company 1 Company 2 Information Technology Microsoft (MSFT) Apple (AAPL) Financials JPMorgan Chase (JPM) Berkshire Hathaway (BRK.B) Health Care Johnson & Johnson (JNJ) UnitedHealth Group (UNH) Consumer Discretionary Amazon (AMZN) Tesla (TSLA) Communication Services Alphabet (GOOGL) Meta (META) Industrials Boeing (BA) Caterpillar (CAT) Energy ExxonMobil (XOM) Chevron (CVX)