Core Insights - Blend Labs, Inc. (BLND) shares have decreased over 40% from their late 2024 highs due to a decline in revenue per funded loan attributed to a lower renewal rate [1] Group 1: Company Performance - The revenue per funded loan for Blend Labs has declined, impacting overall financial performance [1] - The company is part of the Busted IPO Forum, which focuses on stocks that are significantly under their offering price and have been public for 18 months to 6 years [1]