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
by Matt Carter Jan 25
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
by Jim Dalrymple II Dec 19
Better.com laid off employees who were on parental leave: Lawsuit
A Better.com employee filed suit in New York alleging the online mortgage company fired him less than an hour after he told them his daughter was born. 17 others may have also been on leave
by Taylor Anderson Nov 9
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
by Jim Dalrymple II Oct 24
Vishal Garg opens up about the rise and fall of Better.com
'To be absolutely blunt, I'd never managed more than 10 people in my life.' Better CEO talks to Insider after months out of the spotlight while the company struggled through market downturn
by Taylor Anderson Oct 4
The deadline to take Better.com public has been extended again
Better still searches for options to remain a private company as the deadline to become a publicly traded company was pushed to March 8, according to a filing with the SEC
by Taylor Anderson Aug 29
Better HoldCo partners with Palantir on mortgage marketplace
Better describes the Tinman Marketplace as 'the next evolution of Better's proprietary loan platform,' powered by Palantir’s Foundry operating system
by Matt Carter Aug 17
Ribbon slashes one-third of workforce to adjust to 'new reality'
After expanding into 8 new states and more than doubling its market footprint this year, the Power Buyer is laying off 136 employees in search of an 'achievable path to profitability'
by Matt Carter Jul 28
SEC is investigating Better as Barclays, Citigroup resign as deal advisers
Mortgage upstart Better's plan to go public via a SPAC merger faces new challenges as banks that were advising the companies resign their roles
by Taylor Anderson Jul 14
Better hires new head of sales and VP of marketing
The company continues its quest to go public despite turmoil in the market. New executives are a mix of recent hires and internal promotions
by Taylor Anderson Jul 7
Better parts ways with second head of real estate in 4 months
The embattled mortgage company confirmed it had let go of Chad Walker shortly after 3 other executives have recently departed. Nick Taylor will replace Walker as head of the division
by Taylor Anderson Jun 29
The best and worst ways to handle layoffs as real estate cuts accelerate
The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others
by Jim Dalrymple II Jun 17
Better CEO to colleagues: Biden death would be a boon for business
New whistleblower lawsuit claims Vishal Garg made a series of puzzling declarations, including misstatements to SEC 'aimed at duping investors and shareholders' amid quest to go public
by Taylor Anderson Jun 8
A full list of real estate companies making layoffs in 2022 and 2023
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn
by Matt Carter Jun 3
Power Buyer Orchard now serving first-time homebuyers
After piloting cash-offer product in Texas and Colorado, company plans to offer Buy With Orchard in all of its markets in the months ahead
by Matt Carter May 17