It's a buyer's market, according to the National Association of Exclusive Buyer Agents, but sellers who have used their homes like ATM machines are going to be tough to negotiate with, particularly on price.Sellers who are overextended need to sell their properties at the highest possible price to pay off their bills, said NAEBA president Tom Early. "Buyers need to make sure they are just buying the seller's house, not the seller's debts too," he warned. Mr. Early noted that buyers' agents are obligated to negotiate the price down to a realistic level, whereas a seller's agent is obligated to get the seller's price even if it is too high.
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The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
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ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
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Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
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KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
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If approved, the deal can provide relief for the approximately 662,000 individuals affected by an incident at the mortgage vendor last November.
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Properties outside of the 100-year flood zone exposed to $375 billion to $1 trillion in losses, Moodys reports
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