Vishal Garg steps down at Better, board names Daniel Lewis interim CEO
Better Home & Finance Holding Co. has appointed board member Daniel Lewis as interim CEO effective immediately, replacing founder Vishal Garg, the company announced Monday. Garg will remain on the company’s board and work with Lewis to ensure an orderly leadership transition. As interim CEO, Lewis w
FOA leads July HECM endorsements while HMBS issuance remains weak
Home Equity Conversion Mortgage (HECM) endorsements declined in July after an uptick in June, while HECM Mortgage-Backed Securities (HMBS) issuance remained near the lowest levels seen since 2009, according to data released Monday by New View Advisors. The top 15 originators endorsed 2,034 HECM loan
Why Builders FirstSource bought ICG; and why Pulte sold it
Builders FirstSource’s acquisition of Innovative Construction Group (ICG) from PulteGroup signals that, while homebuilders see value in off-site construction, many prefer to rely on third-party manufacturers rather than own those operations themselves, especially during down cycles. Builders FirstS
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