Better

The proxy adviser says Garg has not made the case for removing five directors, while Better’s interim CEO outlines a narrower strategy built around wholesale, home equity, and repeatable partnerships

Smith will also oversee PLACE’s mortgage and financial services division

Better may reuse bitcoin pledged by mortgage borrowers, while competing loan structures expose customers to price-driven liquidation

Former CEO targets zero monthly cash burn through higher mortgage volume, AI-driven operating changes, and $2 million in monthly savings

Directors say several heavily promoted partnerships generated less than $50,000 each, raising questions about Better’s enterprise strategy and planned wholesale launch

The lender is using a specialized crypto product to bring Coinbase customers into its broader mortgage, refinance, and HELOC funnel