Better Home & Finance Holding Company develops a technology-enabled mortgage and home equity finance platform for residential borrowers. Company updates center on mortgage origination, home equity lending, loan-volume trends, warehouse funding capacity, and operating results tied to its Home Finance business. Its offerings include GSE-conforming, FHA, VA, jumbo, Non-QM, and home equity loans, with service coverage in the United States and the United Kingdom.
Recurring news also covers the Tinman® AI platform, the Betsy™ AI loan agent, product launches such as the Better Home Equity Card built on Stripe infrastructure, and partner or platform activity tied to loan applications, rate locks, approvals, and closings. Capital markets items include public equity offerings, warrant and security-structure disclosures, shareholder voting matters, insider stock purchases, and changes to warehouse credit facilities used to fund originations.
Better Home & Finance Holding Company (BETR) appointed former X CEO Linda Yaccarino as an independent director, effective October 15, 2026. She is the first director appointed under Better 2.0. Her stated priorities are using the company’s Tinman AI platform to expand homeownership, maintaining cost discipline and pursuing long-term shareholder value.
Yaccarino previously ran business operations at X. Before that, she spent more than a decade as Chairman of Global Advertising & Partnerships at NBCUniversal, where she unified its broadcast, cable and digital businesses into one organization. Earlier, she spent two decades at Turner, rising to Executive Vice President and Chief Operating Officer of advertising sales, marketing and acquisitions for Turner Entertainment.
Better Home & Finance Holding Company (BETR) reported preliminary third-quarter 2026 net revenues of $45.1 million, below its guidance range. Revenue rose 8.6% year over year but fell 17.5% sequentially, against guidance of $49.0 million to $52.0 million. Loan Volume was $1.395 billion, within guidance, up 15.3% annually and down 16.3% sequentially.
Net loss was $33.1 million to $34.1 million. Adjusted EBITDA loss, a supplemental measure excluding specified items, was $24.8 million to $25.8 million, wider than guidance. Cash and cash equivalents were $81 million, with $9 million in restricted cash. Better expects its UK bank sale to close in Q1 2027 and generate an additional $65 million in cash. It targets year-end Adjusted EBITDA breakeven, assuming current interest rates and planned expense savings. Results are unaudited and subject to completion of financial closing procedures.
Better Home & Finance Holding Company (BETR) reported preliminary third-quarter 2026 Loan Volume of $1.39 billion, up 15% year over year. Tinman AI platform volume rose 64% to $790 million, accounting for approximately 57% of total volume versus approximately 40% in Q3 2025. Total volume was toward the lower end of guidance of $1.375 billion to $1.525 billion.
Better implemented approximately $13.2 million in annualized expense reductions and targets another $51 million over the next four weeks. The combined initiatives represent approximately $64.2 million annualized once fully implemented, not savings already realized. Better plans weekly management scorecards until Adjusted EBITDA breakeven, an earnings measure excluding specified expenses. Four of five potential home equity line of credit (HELOC) partner opportunities remain viable. Preliminary results remain subject to financial closing procedures.
Better Home & Finance Holding Company (NASDAQ: BETR) authorized repurchases of up to $30 million of its Class A common stock. The company intends to begin with an initial $10 million phase, with the program expiring on October 8, 2027. Repurchases may be made through open market purchases.
Better intends to align repurchase pacing with executed operational cost savings and asset disposals, including the proposed sale of its UK bank subsidiary. Changes to its marketing budget and large third-party legal and data service vendors have realized additional cuts of approximately $1 million per month, on an expected contribution margin neutral basis, meaning no expected change in revenue remaining after variable costs. Purchase timing and amounts depend on trading price and volume, implementation of the cost savings plan, liquidity and applicable rules.
Better Home & Finance (NASDAQ: BETR) authorized repurchases of up to $30 million of Class A common stock through its board. The company intends to begin with an initial $10 million phase. The program expires on October 8, 2027; the authorization is not a completed repurchase.
Better intends to align purchases with executed operational savings and asset disposals, including the proposed sale of its UK bank subsidiary. Changes to marketing spending and large third-party legal and data vendors have realized additional cuts of approximately $1 million per month, which the company expects to be contribution-margin neutral. Purchase timing and amounts depend on trading price and volume, implementation of the cost savings plan, liquidity and applicable rules. Vishal Garg has returned as Chief Platform, Product, and Innovation Officer.
Better Home & Finance Holding Company (BETR) will host its Better 2.0 shareholder call on October 6, 2026. The call begins at 4:30 PM Eastern Time and will cover its next chapter under the newly constituted Board, initial progress on its 90-day plan, and priorities for restoring growth and rebuilding shareholder trust. A replay will be available on the investor relations website shortly after the call for 7 business days.
Better Home & Finance (BETR) announced progress toward selling Birmingham Bank, with the buyer consortium placing £10 million into escrow.
The proposed sale covers 100% of Better’s interests for gross consideration of 0.95x tangible net asset value, measured at closing. Birmingham Bank’s tangible net asset value was approximately £56 million, or approximately $74 million, as of September 30, 2026. The transaction remains subject to regulatory approval, definitive documentation and customary closing conditions.
Better expects cash to increase to approximately $140 million upon completion, on a pro-forma basis as of September 30, 2026, using cash balances and estimated net sale proceeds. Birmingham Bank is classified as held for sale and reported as discontinued operations.
Better Home & Finance (NASDAQ: BETR) has reconstituted its board after shareholders representing 52.02% of outstanding voting power supported removing five incumbent directors. An independent inspector of election delivered final certification of the consent solicitation. The board shrank from nine seats to five. Vishal Garg appointed Bing Gordon, Steven Sarracino and two current employees.
The board is taking steps to remove the stockholder rights plan and finalize an identified interim CEO candidate’s engagement. The Garg Group’s 90-day plan focuses on operational efficiency, growth through Tinman AI and home equity lending, selling non-core assets and returning capital to shareholders.
Summary not available.
Better Home & Finance Holding Company (NASDAQ: BETR) announced that its board’s Special Committee withdrew its challenge concerning the consent solicitation. The challenge concerned the independent inspector of elections’ preliminary report on the solicitation initiated by Vishal Garg and other participants. The committee said withdrawal was in stockholders’ best interests, citing the costs and uncertainty of a prolonged contest.