MCT Says It's the First to Integrate with Freddie Mac’s Income Limits API Mortgage Capital Trading, Inc. (MCT®), a mortgage hedge advisory and secondary marketing software firm, announced it is the first secondary marketing platform to integrate with Freddie Mac’s Income Limits application programming interface (API) created for the first-time home buyer area median income (AMI) limits.

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Jay Farner: Market 'Even' Between Buyers, Sellers

Jay Farner, CEO of Rocket Mortgage parent Rocket Companies, says the housing market isn’t a buyer’s market or a seller’s market right now—it’s “even.” So reports CNN.

Rocket Loans 150x150Although a recent pullback in mortgage rates may have helped juice demand, housing inventories are still low by historical standards, Farner noted in an interview.

Farner expressed cautious optimism that mortgage rates may have peaked, but he was more downbeat about the likelihood of a recession, saying that one is “on the horizon.”

Read the full article from CNN.

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