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Rocket’s Varun Krishna appointed to newly created board position

Housing Wire

Krishna will serve “for a term expiring at the company’s 2026 annual meeting of stockholders and until his successor is elected and qualified, subject to his earlier death, resignation, retirement, disqualification or removal.” AI will be at the center of how clients buy, sell and finance homes,” Krishna said.

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As mortgage biz suffers, Blend sees unified banking platform as the key to growth

Housing Wire

To reach a key financial goal in 2026, Blend Labs plans to diversify far beyond mortgage. Achieving positive free cash flow by 2026 would represent a financial landmark for Blend. ​​”We are guiding to a free cash flow margin of 8% for our conservative case, 18% for the market norm, with our base case at 12%.

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DataDigest: Goldilocks and the big IMBs

Housing Wire

Prepayment rates are likely to remain historically low for at least another year, homeowners’ equity positions are extremely strong, millions of homeowners have rates under 4%, and COVID-era loss mitigation tools give distressed borrowers loads of new options. His prediction is that 2025 and 2026 “will be off the charts.”

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