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HomeBetter.com

Better.com

Better.com
Housing Wire

Former top executive withdraws lawsuit against Better.com and its founder

May 9, 2024 Mariel Alumit Comments Off on Former top executive withdraws lawsuit against Better.com and its founder

​ A former top executive at Better.com has voluntarily dismissed with prejudice a lawsuit filed about two years ago against the company and its leadership, including founder Vishal Garg, that accuses the defendants of violating labor and securities […]

HELOC
Housing Wire

Digital lender Better.com launches one-day HELOC product  

March 19, 2024 Mariel Alumit Comments Off on Digital lender Better.com launches one-day HELOC product  

​ Digital lender Better.com launched its One Day Home Equity Line of Credit (HELOC) product that will provide approval decisions to consumers within 24 hours of locking their interest rate. Better launched its first HELOC […]

Housing Wire

Better.com’s improbable IPO proposal is approved  

August 14, 2023 Mark Paul Cervantes Comments Off on Better.com’s improbable IPO proposal is approved  

New York-based digital lender Better.com will be going public via a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp. nearly two years after Better’s initial timeline to IPO. “At least 65% of the […]

Housing Wire

Aurora to vote on Better.com merger proposal 

July 28, 2023 Mark Paul Cervantes Comments Off on Aurora to vote on Better.com merger proposal 

About two years after Better.com announced its plans to go public via special purpose acquisition company (SPAC) Aurora Acquisitions Corp., the fate of Better.com’s journey to IPO will be decided next month. “Aurora shareholders will […]

Housing Wire

Better.com posts $90M net loss in Q1 2023

July 10, 2023 Mark Paul Cervantes Comments Off on Better.com posts $90M net loss in Q1 2023

Digital mortgage lender Better.com disclosed that it posted a net loss of $89.9 million in the first quarter of 2023 and cut approximately 91% of its workforce over an approximately 18-month period — due in […]

Housing Wire

Aurora extends the Better.com merger deadline once again

March 3, 2023 Mark Paul Cervantes Comments Off on Aurora extends the Better.com merger deadline once again

Blank-check firm Aurora Acquisition Corp. extended the deadline to complete its merger with struggling digital mortgage lender Better.com for the third time. The deadline for the merger is now September. The decision was made during […]

Better.com
Housing Wire

Digital lender Better.com rolls out one-day mortgage program

January 25, 2023 Allen Santos Comments Off on Digital lender Better.com rolls out one-day mortgage program

Embattled digital lender Better.com launched a program that will allow customers to apply for a mortgage, get pre-approved, lock their rate and receive a mortgage commitment letter within 24 hours. The official rollout of the […]

Aurora
Housing Wire

Aurora seeks third extension to deadline for merger with Better.com

January 20, 2023 Mariel Alumit Comments Off on Aurora seeks third extension to deadline for merger with Better.com

Blank-check firm Aurora Acquisition Corp. wants to extend the deadline for completing its merger deal with struggling digital mortgage lender Better.com by six months for the third time, further dimming the prospects for the deal […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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