The origination boom had to end sometime, but don’t reach for the hankies quite yet. Applications remain strong and no one’s going out of business, or so we’re told.
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.
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...