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
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
Investors who kept the faith even as the iBuyer’s stock price was plummeting earlier this summer are being rewarded now with a surge following the announcement of Kaz Nejatian as the new CEO. Continue reading
In addition to going public at a bad time for mortgage lenders, Barron’s reports that a SPAC merger resulted in a huge increase in the number of shares outstanding. Continue reading
Following six merger adjustments over two years, Better will go public Thursday with $565 million in new funding and plans to “aggressively” partner with agents as it builds its mortgage production team. Continue reading
By WeWork’s own admission, it is unlikely to last as a company much longer. In order to survive, an earnings report said it would need to reduce lease costs and other expenses, increase revenue and find a source of additional capital through debt or eq… Continue reading
Shares in digital title and closing provider climb above $5, and the company will stay listed if its share price remains above $1 for the next 30 trading days. Continue reading
The pioneering iBuyer hopes to bring its share price back above the New York Stock Exchange’s $1 minimum threshold. Continue reading
The transaction will have a pre-money enterprise value of approximate $150 million at closing, according to an announcement Tuesday. The deal is expected to close in the third quarter of 2023. Continue reading
Layoffs of 561 workers are expected to generate $70 million in annual cost savings, buying time for digital title insurer to adapt its “instant underwriting” technology for purchase loans. Continue reading