Better workers fear they won’t see $100M in retention stock bonuses

The mortgage lender says it remains committed to distributing equity-based bonuses to all eligible employees, including $50M from CEO and founder Vishal Garg’s personal equity. Continue reading

10 proptech entrepreneurs get real with real estate’s decision-makers

From Rentspree to Better, Intel asked 10 property technology entrepreneurs tough questions on the minds of their colleagues and customers, many of them large, national brokerage brands. Continue reading

Software vendors gear up to support appraisal-free mortgages

Starting April 15, Fannie Mae says more homebuyers will qualify for a program requiring full interior and exterior inspections that capture data and images throughout the property. Continue reading

Guaranteed Rate rolls out ‘Same Day Mortgage’ nationwide

Properties must be eligible for an appraisal waiver, and like Better’s “One Day Mortgage,” some fine print can stand in the way of getting a loan approved in 24 hours. Continue reading

Better lets Amazon workers put up stock as mortgage collateral

Through Better’s Equity Unlocker program, borrowers pay a higher interest rate and Better can seize pledged shares if homeowners default or try to sell their stock before paying off their mortgages. Continue reading

The new top 3 rules of real estate: Speed. Speed. Speed

Modern homebuyers don’t want to get a loan during banking hours — they want to be able to access the calculators to help them shop confidently, and then text a loan expert if they have questions. And that’s exactly the kind of support a great digital l… Continue reading

Vishal Garg is back, with plan to save Better: The ‘One Day Mortgage’

Comparing himself to Henry Ford and Elon Musk, CEO says he’s reconfigured Better’s assembly line to crank out mortgages in a single day. Continue reading

Real estate in 2022: When the #@!$ finally hit the fan

Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down. Continue reading

Better.com laid off employees who were on parental leave: lawsuit

Employee files suit in New York alleging the online mortgage company fired him less than an hour after he told them his daughter was born. More than a dozen others impacted, lawsuit says. Continue reading

Side carries out new round of layoffs amid slowing market

The latest round of cuts comes after the company laid off 10 percent of its workforce in June. Side’s layoffs are among dozens of others in the housing industry this year. Continue reading