Payrolls declined in July and previous gains were revised sharply lower, giving the Fed breathing room while raising new concerns about borrower confidence and mortgage-industry employment
The weakest employment report in months gave mortgage rates some relief Friday, but it delivered a less comfortable message beneath the bond-market rally: The labor market may no longer be strong enough to support housing demand.U.S. nonfarm payroll employment declined by 23...
Funded loans increased 14%, twice the growth rate of Mortgage Suite revenue, while preliminary Autopilot results showed better pull-through and 4.5 hours of automated work per loan
Blend Labs handled considerably more mortgage loans in the second quarter, but its revenue did not keep pace.Funded loans on Blend’s platform increased 14% year over year to approximately 233,000. Mortgage Suite revenue rose half as fast, increasing 7% to $19.2 million.Econo...
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