Lifting of the asset cap could give the bank greater leeway to originate jumbo mortgages that exceed Fannie Mae and Freddie Mac’s $806,500 conforming loan limit in most markets
Revenue from Blend's biggest business, its mortgage software suite, fell 6% in 2024 to $73.3M. A 42% increase in consumer banking suite revenue, to $33.7M, more than made up the difference
The bank says it has racked up $353M in severance expenses, primarily in mortgage, as it closes branches and pursues a 'more focused home lending business'
Opinion
One broker reflects on the new realities and lessons learned after a year of adapting to life and work amid COVID-19