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

Fannie’s Desktop Underwriter remains significantly more popular than Freddie’s Loan Product Advisor, accounting for 72.6% of mortgages originated after being approved by a GSE automated underwriting service. (Includes data table.)

S&P lost a little market share in rating newly issued ABS but remained the top provider in the first quarter. Fitch had a similar experience in the non-agency MBS market. (Includes two data tables.)

JPMorgan Chase held the largest CLO portfolio in the banking industry at the end of March, but its investment was down from the previous period. (Includes data table.)

Holdings of agency pass-through securities at banks rose 8.6% during the first quarter to $398.47 billion.

JPMorgan Chase and several other large bank holding companies boosted their holdings of agency MBS in trading accounts during the first quarter. (Includes two data tables.)

The Federal Reserve reported $445.78 billion of non-agency MBS outstanding at the end of March, up 2.6% from December.

The Mortgage Bankers Association quarterly performance report found similar, though somewhat bleaker, results.

Although public companies reported solid gains in both production and servicing income in the first quarter, a significant number of smaller shops continued to struggle. (Includes data tables.)

Ginnie Mae and the non-agency sector saw solid gains in MBS outstanding during the first quarter. Life insurance companies, mutual funds and money-market funds picked up the slack from diminished foreign appetite. (Includes three data tables.)