Trade groups said aligning ROV policies across mortgage programs would be preferable.

Rate-term refinance locks dropped 20.3%.

At most, 3.5% of mortgage borrowers in recent years opted for a lender they found via a trigger lead, according to estimates by the Government Accountability Office.

UWM will take results from automated underwriting systems for determining borrower eligibility for agency mortgages.

"Let’s go out and be proactive and demonstrate that we can govern ourselves effectively," said Brian Vieaux, president of MISMO.

“Sky-high mortgage rates and the usual fall slowdown teamed up to chill housing activity,” Zillow said of the market in September.

Wholesale and correspondent lenders offered a slightly lower rate than retail lenders last year, according to a recent report by Realtor.com.

Freddie Mac Executive Vice President and Chief Risk Officer Anil Hinduja left the company last week.

Originations of home equity loans remain concentrated on HELOCs, which accounted for 80.5% of originations in the first half of this year.

Pivot Financial CEO Jennifer McGuinness-Lubbert noted that even though the Federal Housing Finance Agency is treating the scoring models similarly for determining loan-level price adjustments with the GSEs, the secondary market has already seen the pricing grids that Fannie Mae and Freddie Mac developed for VS4.