John Bancroft

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

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.)

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

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.)

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

Rated non-agency MBS issuance was up 95.4% from the fourth quarter to $26.99 billion in the first three months of 2024.

Fannie Mae, Freddie Mac and Ginnie Mae issued a combined $272.04 billion of single-family mortgage-backed securities in the second quarter.

Issuance of residential mortgage-backed securities increased by 25.1% from the first to the second quarter of 2024, hitting $304.37 billion.

The bank share of agency servicing fell to 34.5% as of the end of June.

Much of the second-quarter gain came from securitization of home equity loans and deals backed by distressed mortgages.