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...
Freddie Mac noted that, as of the fourth quarter of 2020, the U.S. had a housing supply deficit of 3.8 million units and that between 2018 and 2020, that deficit increased by an astounding 52%.
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