Update: Blend Labs, Guild Mortgage and United Wholesale Mortgage

November 12, 2021 | In this Premium Service installment of The Institutional Risk Analyst, we update readers on several new entrants into the world of public mortgage companies and related vendors. Suffice to say that the shrinkage in lending volumes is not being kind to any of the inhabitants of the mortgage ecosystem, including lenders such as United Wholesale Mortgage (UWMC) and Guild Holdings (GHLD), or the mortgage tech lead gen player Blend Labs (BLND). As we’ve said several times in our column for National Mortgage News, winter has arrived in mortgage land. Or to paraphrase our friend and fellow mortgage maven Rob Chrisman, ponder a 2022 lending market that’s 75% purchase mortgages and just 4.79 million units vs ~ 10 million new loans in 2020. Hmm?

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