RFC 1320 — the MD4 message-digest algorithm — is a cryptographic hash function with a digest length is 128 bits, developed by Ronald Rivest in 1990.

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What's the state of the attack to get the first pre-image on MD4?

What's the state of the attack to get the first pre-image on MD4? Is it still $2^{102}$ as described by Gaëtan Leurent in "MD4 is Not One-Way" ?
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Why does a broken hash function undermine an HMAC?

For instance, what makes MD4 a bad choice for an HMAC? In this case I am asking about MD4 because its less than ideal. I know that a preimage attack can be used to undermine the system, but why? ...