"May 2026" Archives

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FTC puts Mortgage Connect on notice over worker noncompetes

The Federal Trade Commission (FTC) is warning mortgage services provider Mortgage Connect about its use of noncompete agreements, urging the company to review and potentially discontinue restrictive covenants that may violate federal antitrust law. Friday’s letter, signed by FTC Chairman Andrew N. Ferguson and addressed to Mortgage Connect’s outside counsel, was a reaction to information…

Blend reports profitable Q1, issues cautious outlook amid macro headwinds

Blend Labs Inc. delivered a profitable first quarter and expanded its customer base while issuing a conservative outlook for the months ahead due to shifting macroeconomic conditions. The company reported non-GAAP operating income of $4.1 million for the quarter ending in March, a significant improvement from $0.7 million during the same period last year, according to…