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Stock impact report

Blend Labs: A Bet On Lower Mortgage Rates [Seeking Alpha]

Blend Labs, Inc. Class A (BLND) 
Company Research Source: Seeking Alpha
BLND's mortgage revenue and market share have declined, but strong consumer banking growth partially offsets this; mortgage evPFL fell due to a discounted Wells Fargo renewal. Despite a pristine balance sheet and ongoing share buybacks, BLND trades at premium multiples, making it highly sensitive to a potential drop in mortgage rates. An updated analysis around Blend Labs follow in the paragraphs below. Andrii Yalanskyi/iStock via Getty Images Shares of loan origination software platform Blend Labs, Inc. ( BLND are down over 40% from their highs in late 2024 as its revenue per funded loan declined due to a lower renewal rate for its More on my IG service Author's note: I present and update my best small-cap Busted IPO stock ideas only to subscribers of my exclusive marketplace, The Busted IPO Forum . Try a free trial today by clicking HERE. This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the compani Show less Read more
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