The shareholder rights plan adds a 15% ownership trigger while the former CEO solicits shareholder consent to remove five of Better’s eight directors
Better Home & Finance Holding Company has adopted a shareholder rights plan, commonly called a “poison pill,” adding a new defensive layer to its escalating fight with founder and former CEO Vishal Garg over control of the mortgage lender.The limited-duration plan would ...
The agency’s first nonperforming-loan offering in 13 months transfers 969 deeply delinquent mortgages to private buyers, including a small pool concentrated in Dallas-Fort Worth
Fannie Mae is returning to the market with nearly $214 million in deeply delinquent mortgages, its first announced sale of nonperforming loans in more than a year.The government-sponsored enterprise is marketing 969 loans with a combined unpaid principal balance of approxima...
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