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.

Estimated reading time: 0 minutes, 30 seconds

Owner Financing Sees Resurgence After Rate Spike

More and more homebuyers have been considering owner financing, also called seller financing, following the recent surge in interest rates. So reports Realtor.com.

Rent to own labsData on owner financing is scare because the deals take place between private individuals, but Martin Orefice, CEO of Rent to Own Labs, is quoted as saying that the arrangement is “dramatically more popular than it was even a year ago.”

Nathan Singh, CEO of real estate brokerage firm Greater Property Group, said that owner-financed mortgages, where the owner finances the purchase of their own property, are “definitely a growing trend.”

Read the full article from Realtor.com.

Read 80 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.