Garg Pitches $2 Billion Better Turnaround; Board Calls Plan ‘Unworkable’
Former CEO targets zero monthly cash burn through higher mortgage volume, AI-driven operating changes, and $2 million in monthly savings
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Tagged: U.S. Securities and Exchange Commission (SEC)
Better Deploys Poison Pill In Escalating Fight With Garg
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 Says Garg Falls Short In Bid To Retake Control
The mortgage lender says its former CEO’s board-removal campaign has fallen short, but an SEC filing confirms Garg has investors discussing leadership changes
Aug 17, 2026
Barry Habib Appointed To Fannie Mae Board Of Directors
Mortgage market forecaster and MBS Highway CEO brings decades of housing finance experience to board
Redfin Now Officially Part Of Rocket Companies
Rocket launches ‘Preferred Pricing’ for homebuyers who use both Rocket and Redfin services
Jul 01, 2025
Investor Lawsuit Seeks To Pause Rocket-Redfin Merger
Plaintiff alleges that Redfin and its board misled investors by omitting critical information from a key proxy statement
May 19, 2025
Fannie Mae’s Net Worth Sees 22% Leap In 2024
The GSE warns of potential for weaker credit performance as economic, home price gains slow.
Feb 14, 2025
Flagstar Fined $3.5M For Misleading Statements After 2021 Cyberattack
The SEC issued a hefty penalty and cease-and-desist order, barring future misleading statements
Banks' Mortgage Lending Portfolios Laced With Climate Risk
New First Street Foundation analysis finds 57 banks with a total of $627 billion in real estate loans exposed to “material financial risk” from climate impacts.
Former Wells Fargo Senior Exec Settles Fraud Charges With SEC
While not admitting or denying guilt, agrees to penalties totaling more than $4M.
May 31, 2023