July 30: Borrower checklist, POS, subservicer products; STRATMOR on purchase business; Fannie’s earnings: the billions add up
Is it a surprise to anyone that millions of renters could afford to buy a home with their mortgage payment not exceeding 30 percent of their income? Despite 39 percent of U.S. families renting in 2022, nearly 8 million qualified as “income mortgage-ready,” per Zillow, meaning they could likely handle a mortgage payment for a typical…