Better’s Special Committee dropped its challenge after an independent inspector preliminarily verified more than 52% support for removing five directors, clearing the way for Vishal Garg’s group to begin reshaping the board
Founder says he secured more than 51% of voting power to remove five directors, pending confirmation by a third-party inspector
Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches
Proxy advisers split over the founder’s campaign to remove five directors as Better tries to preserve his AI strategy without restoring his control — and without the executive hired to lead Tinman’s expansion
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