The May edition of At a Glance, the Housing Finance Policy Center’s reference guide for mortgage and housing data, shows the GSE first-lien origination share at 43.0 percent in Q1 2023, down 20 percentage points year-over-year, low overall mortgage origination volume in Q1 2023 amid rising rates, and most loans originated in 2018 or later having successfully exited COVID-19 forbearance, despite the D180+ rate for these originations running about 1999-2003 levels. It also explores FHFA’s loan level price adjustments (LLPAs), which are now fairer, but will only result in a better execution than FHA for a marginal number of borrowers, and includes a special feature on loan-level GSE credit data.