Besides overseeing HUD and keeping tabs on FHA and Ginnie Mae, Marcia Fudge has a new task: managing the White House’s latest initiative on appraisal inequities.
The number of boarded-up, empty houses and buildings, or so-called zombie properties, in some stage of foreclosure jumped 21% this quarter, according to data vendor ATTOM.
Applications are down but not dramatically so. Also, UWM’s CEO sees opportunities in the M&A binge, namely the ability to recruit some top-flight talent who might be left without a home.
First-timer loans with private mortgage insurance slipped to 38.6% in the first quarter, down 9 basis points, while the share of FTHB loans with no MI was basically unchanged.
Overall, the average pre-tax production profit totaled 124 basis points in 1Q21 more than double the year ago reading of 61 bps. The 4Q20 measurement: 137 bps...
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