A perfect storm in the mortgage market could spur industry consolidation in the next year, according to a recent Keefe, Bruyette & Woods report.

Issuance of new Ginnie Mae mortgage-backed securities fell 10% in the third quarter. Purchase-money activity climbed at both FHA and VA, but not enough to offset declines in loan mods and cash-out refinances.

Amid declining volumes, the largest and smallest lenders who sell to the GSEs lost market share while large and mid-sized lenders got a bigger piece of the pie. (Includes two data charts.)

Stakeholders talk about the challenges in sharing MISMO datasets between different parts of the industry.

In a month of flip-flops, the largest lenders recorded increases in production and Freddie’s volume topped Fannie’s. (Includes two data charts.)

Purchase-mortgage business held steady in Fannie/Freddie MBS issuance in July while refinance volume continued to drop. (Includes two data charts.)

The gap in GSE servicing volume between Chase Home Finance and Wells Fargo continued to narrow in the second quarter of 2022. (Includes two data charts.)

UWM’s “Government Elite” program offers pricing advantages on FHA and VA loans for borrowers that meet minimum credit scores.

The reason, United Wholesale Mortgage told employees, was to avoid legal bills and long-drawn court proceedings.

Megabanks topped the list of GSE servicers in the first quarter of 2022, but they continued to lose market share to nonbank servicers. (Includes two data charts.)