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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UWM Profit Shrinks to $215M in 2Q, Besting Rocket

United Wholesale Mortgage has declared $215 million in net income for the second quarter, down from $453 million in the first quarter. However, it still bested the $139 million it saw during the same period last year. So reports the Detroit Free Press.

UWM 150x150UWM cut employee headcount to roughly 7,000 as of June 30, from about 9,000 in summer 2021.

Rocket Companies, the parent of Rocket Mortgage, previously announced a second-quarter profit of $60 million, down from more than $1 billion a year earlier.

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