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.
Lending

Lending (1254)

Mortgage Rates Rise for Fifth Straight Week to Highest Since 2008

U.S. long-term mortgage rates have increased for five consecutive weeks as the Federal Reserve signals further aggressive monetary tightening. So reports CNN. Read more...

Guaranteed Rate, CrossCountry Target Hispanic Borrowers

Guaranteed Rate and CrossCountry Mortgage have each separately announced initiatives aimed at Hispanic homebuyers. Read more...

Bodnar of MMG: Up, Up, Up

This week, the Fed raised rates, reminded us they can't forecast very well and they want rates higher for longer. Read more...

Rocket Launches 'Inflation Buster' Program

Rocket Mortgage has introduced its “Inflation Buster” program, which helps homebuyers reduce their monthly mortgage payment by one percentage point for the first year of their loan. Read more...

House Passes Bill to Streamline VA Appraisals

The U.S. House of Representatives has passed a bill that would prompt the U.S. Department of Veterans Affairs to revamp its regulations on when appraisals are necessary. So reports MReport. Read more...

loanDepot Brings Aboard New Chief Legal Officer

loanDepot has named Gregory Smallwood as chief legal officer and corporate secretary.  Read more...

Mortgage Demand Slips Again Over Labor Day Weekend

Across both refinances and home purchases, demand for mortgages has continued its downward trend, according to the Mortgage Bankers Association. Read more...

Mortgage Rates Climb Above 6% for First Time Since 2008

Persistent inflation has led long-term U.S. interest rates to a peak unseen since the housing crisis. So reports CNN. Read more...

Bodnar of MMG: A Big Development, A Big Week Ahead

"The 10-yr Note yield approached an important ceiling of resistance," says Bill Bodnar of the Mortgage Market Guide (MMG). "In the coming week the Fed may determine which side of this important level rates will resides. This is a big moment for mortgage and housing." Read more...

'Zero-Down' Mortgages Spread as Banks Eye Racial Inequity

“Zero down payment” mortgages have been proliferating recently, as lenders including Bank of America, JPMorgan Chase and TD Bank offer such programs amid efforts to address racial inequity. So reports Axios. Read more...

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.