Better Mortgage - News, Articles & Research

Company announcement/ai

Better.com retires $530m in debt, unlocks $265m in equity

Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) (“Better” or “Better.com” or “the Company”), the leading AI home finance company with over $100 billion of mortgages funded on its Tinman™ AI platform, today reported that it has restructured its outstanding convertible notes with its lender to retire approximately $530 million of outstanding debt in exchange for a one-time cash consideration of $110 million and the issuance of $155 million of new senior secured notes from SB Northstar LP, the Company’s existing noteholder, which will be due December 31, 2028 and will accrue interest at a rate of 6% per annum that is payable, at Better’s option, in kind (PIK) or in cash.

14 April 2025

News/regulation

Climb Credit sued by CFPB for “false promises and outright lies”

The Consumer Financial Protection Bureau (CFPB) has announced its suit against Climb Credit and its largest shareholder 1/0 for misrepresenting the quality of its training programmes at partner schools.

18 October 2024

Company announcement/retail

Better introduces VA loan programme

Better Home & Finance Holding Company (NASDAQ: BETR), a leading digital homeownership company, today launches Better Mortgage VA Loans, a fully digital VA loan program available to eligible US Veterans, service members, National Guard and Reserve members, and in some cases Veterans spouses are able to qualify in all 50 states.

15 February 2024

Company announcement/retail

Better adds insurance product

Better Home & Finance Holding Company (NASDAQ:BETR, BETRW), the leading digital homeownership company and the first fintech lender to achieve $100B in funded loans, today announced the launch of Better Insurance, the first end-to-end, white labeled solution that allows customers to purchase homeowners insurance through a fully online experience.

02 November 2023

News/markets

Better.com goes public

After a tumultuous two years that saw its CEO hit the headlines for laying off staff via Zoom, digital mortgage outfit Better.com is set to go public via a Spac merger.

24 August 2023

Company announcement/retail

Better Mortgages rolls out 'Equity Unlocker' for Amazon employees

This purchase season, Amazon employees have a new reason to celebrate.

01 March 2023

Company announcement/retail

Better launches 'One Day Mortgage'

Better, the first fintech lender to achieve $100 bln in funded loans, today unveiled the launch of One Day Mortgage(™), a breakthrough innovation in the real estate industry.

26 January 2023

News/people

After mass Zoom firing, Better.com lays off another 3000 employees

Better.com, the digital mortgage outfit that caused uproar last year after its CEO fired 900 employees in a single Zoom call, is laying of another 3000 staffers.

10 March 2022

News/people

Better.com CEO returns after Zoom firings; BharatPe MD takes leave of absence

As the CEO of digital mortgage outfit Better.com returns to work after time off following questions about his behaviour, the boss of another fintech unicorn, BharatPe, is taking his own leave of absence amid chatter about his conduct.

19 January 2022

News/people

Better.com CEO takes 'time off' in wake of mass Zoom firing

A week after firing 900 employees in a single Zoom call, Vishal Garg is “taking time off effective immediately” from his position as CEO of digital mortgage outfit Better.com.

10 December 2021

News/people

Better.com CEO fires 900 in single Zoom call

The boss of digital mortgage outfit Better.com is under fire after laying off around 900 employees on a single Zoom call and then accusing many of "stealing" by being unproductive.

07 December 2021

News/retail

Better buys UK online mortgage broker Trussle

Better HoldCo, a digital platform that helps Americans buy homes, has acquired UK online mortgage broker Trussle Lab. Financial terms were not disclosed.

13 July 2021