Is the ‘proptech winter’ ending? This is what investors are watching

Some companies that were red-hot during the COVID housing market had to either pivot or die when rates rose and major funding rounds dried up. But green shoots may be emerging. Continue reading

Better Mortgage seizes the day on Wall Street with $75M raise

The goal is to maximize two new partnerships and quadruple Better’s monthly mortgage originations to $2 billion. The raise follows a bullish endorsement by activist Opendoor investor Eric Jackson. Continue reading

Better shares soar on bullish thesis by activist investor Eric Jackson

EMJ Capital’s founder posted a thesis on X that Better Home & Finance is “the Shopify of mortgages” with the potential for AI to boost capacity and fuel explosive growth. Continue reading

Shares in Better get a boost from $534M debt restructuring

Investors bid up mortgage lender’s share price by 21 percent as company says deal with investor investor SB Northstar LP will improve its balance sheet and better position it for growth and a return to profitability. Continue reading

Better’s losses shrink as AI boosts 2024 loan volume, revenue

CEO Vishal Garg is optimistic about the future after cutting annual net loss by 61 percent, to $206 million, and growing loan production by 19 percent and revenue by 50 percent. Continue reading

Better waiving $995 origination fee for repeat mortgage customers

“Better Forever” incentive is not offered on HELOCs, nor to borrowers who apply through third-party platforms like LendingTree, CreditKarma, Bankrate or Nerdwallet. Continue reading

Better waiving $995 origination fee for repeat mortgage customers

“Better Forever” incentive is not offered on HELOCs, nor to borrowers who apply through third-party platforms like LendingTree, CreditKarma, Bankrate or Nerdwallet. Continue reading

Better waiving $995 origination fee for repeat mortgage customers

“Better Forever” incentive is not offered on HELOCs, nor to borrowers who apply through third-party platforms like LendingTree, CreditKarma, Bankrate or Nerdwallet. Continue reading

Ally Financial’s exit from mortgage will impact Better, HouseCanary

Ally, which originated $1 billion in mortgages in 2023 through a partnership with Better and is an investor in the company, is laying off hundreds of employees. Continue reading

Investors aren’t ready to buy in to Better’s comeback story

Digital mortgage lender boosted second quarter loan production by 45 percent and says it’s on track to originate more than $1 billion in mortgages in Q3 for the first time in two years, but losses continue to mount. Continue reading