Better Home & Finance Holding Company is a U.S. homeownership company. It provides government-sponsored enterprise (GSE) conforming loans, Federal Housing Administration insured loans, Department of Veterans Affairs guaranteed loans, and jumbo loans to GSEs, banks, insurance companies, asset managers, and mortgage real estate investment trusts. It also offers real estate agent services, title insurance and settlement services, homeowners insurance services, home equity lines of credit, and closed-end second-lien loans. The company has a strategic collaboration with Coinbase Global, Inc. to develop token-backed mortgage products. Formerly known as Better Mortgage Corporation, it changed its name to Better Home & Finance Holding Company in August 2023 and is headquartered in New York, New York.
Independent Inspector Preliminarily Confirms Garg Group Has Over 52% of Votes to Remove Five Better Directors
An independent election inspector hired by Better Home & Finance Corporation has preliminarily verified that the Garg Group secured more than 52% of votes needed to remove five incumbent directors, including Daniel Lewis and Harit Talwar, from the board of the Nasdaq-listed company. First Coast Results Inc. provided the preliminary count, which remains subject to review by the Company, and the Garg Group said it is confident the inspector will promptly certify the consent solicitation results. The Garg Group said it is working with the board on an orderly handover and, following a board call this morning at 8:30 am, expects the five directors to accept their removal today. Founder Vishal Garg said the inspector has confirmed the voice of BETR shareholders and that he is eager to move forward with Better 2.0. Garg also said that he and the Company's CFO blocked an attempt by Lewis, with the complicity of one board member, to forcibly pay himself $750,000.
BETR · Regulation · Neutral Independent inspector preliminarily confirms Garg Group has over 52% of votes to remove five Better directors, a governance/board-control change.
First Coast Results Inc. · Demand · Positive First Coast Results Inc. is the independent election inspector whose preliminary count confirmed the Garg Group's consent solicitation result.
Better Home & Finance Investigates Director Vishal Garg Over Fiduciary Duty Allegations
The Special Committee of the Board of Directors of Better Home & Finance Holding Company has opened an investigation into credible and serious allegations that its director and former CEO, Vishal Garg, sought to exchange Company interests and property to former employees who are Company shareholders in return for consents to his proposal to replace the Board of Directors. The allegations, brought to the Company by independent counsel for a former employee, raise significant issues of breach of fiduciary duties if true, and the Company said Garg is not entitled to promise Company assets, interests or benefits in exchange for written consents in his proxy contest. The Company added that Garg's conduct in this matter has already compromised its ability to maximize the value of certain assets and claims, and it expects all directors, including Garg, to abide by their duties of loyalty. The Special Committee unanimously recommends that shareholders sign, date and return the WHITE consent revocation card and disregard any green consent card received from Garg, and that shareholders who previously signed a green card may revoke that consent by returning the WHITE card. Better Home & Finance, which trades on NASDAQ under BETR, describes itself as the first AI-native mortgage and home equity finance platform and the first fintech to fund more than $110 billion in loan volume.
BETR · Regulation · Negative Board special committee investigates director Vishal Garg over breach-of-fiduciary-duty allegations tied to his proxy contest, compromising asset value.
Garg Group Files Consent Materials to Oust Five Better Board Members
Vishal Garg, founder and former CEO of Better Home & Finance Corporation, has filed a definitive consent statement and an accompanying GREEN consent card with the Securities and Exchange Commission seeking to remove five directors from the company's board. The filing, made under amended DFAN 14-A 1, targets board members Daniel Lewis, Harit Talwar, Arnaud Massenet, Bhaskar Menon, and Prabhu Narasimhan, and is accompanied by an investor presentation arguing that shareholders should support Garg's plan to return competent management to Better. The presentation contrasts Better's performance under Garg, claiming that by August 3, 2026, funded loan volume had grown 2.5 times, revenue had increased by 15%, and adjusted EBITDA had improved by more than 26%, against the decline in share price and market capitalization following the board's move to oust Garg in August. Garg said Daniel Lewis lacks the mortgage, fintech, and operating experience Better needs, and that the plan includes a highly qualified new CEO, a diverse and independent board, and a role for Garg focused on product and innovation. The Garg Group has set an updated target date of September 18, 2026 for the submission of written consents, and is urging shareholders to sign, date, and return the GREEN consent card.
BETR · Regulation · Neutral Founder Vishal Garg filed SEC consent materials to oust five Better board members, a governance/control fight with unclear net impact on the company.
ISS Recommends Better Shareholders Oppose Garg's Board Removal Campaign
The Special Committee of the Board of Directors of Better Home & Finance Holding Company announced that Institutional Shareholder Services has recommended shareholders oppose Vishal Garg's campaign to remove a majority of the board. ISS advises shareholders to revoke consent on the white consent revocation card, noting that Garg cannot distance himself from the company's current state and bears responsibility for its lost value. The Special Committee unanimously urges shareholders to sign and return the white card, and those who previously signed a green card may revoke it. The committee calls on Garg to end his costly and distracting campaign, allowing the board to focus on stabilizing the business.
Vishal Garg Unveils 90-Day Plan for Better Home & Finance
Vishal Garg, founder of Better Home & Finance Holding Company, has released a 90-day plan targeting $2 billion in quarterly funded-loan volume, monthly revenue growth of $7 million, and a reduction in monthly cash burn from approximately $4 million to $0, alongside a $30 million share repurchase program. The plan combines growth initiatives driven by Better's Tinman technology platform with AI-enabled expense reductions, a proposed board refresh, and a search for a permanent chief executive officer. Garg aims to close five major partners, increase loan-officer talk time from 2.1 hours to 4 hours per day, and improve the DTC lock-to-fund rate from approximately 45% toward the industry average of 60%. Cost-saving measures include aligning commissions on AI-assisted conversions, implementing instant counteroffers, and moving legal work to AI-powered teams, targeting monthly savings of $500,000, $1 million, and $500,000 respectively. The plan also calls for replacing five directors, engaging Daversa Partners for a CEO search, completing the sale of Better's UK bank within 30 days, and initiating an immediate share repurchase authorization of up to $10 million.
Coinbase Shares Jump 5% on Token-Backed Mortgage Launch
Coinbase shares rose 5.1% in afternoon trading after the company and Better Mortgage launched a nationwide token-backed mortgage product, allowing borrowers to pledge bitcoin or USDC as collateral for a cash down payment without selling the tokens. The stock later cooled to $190.16, up 4.5%, as bitcoin's rally above $78,000 added momentum. The move also reflects growing regulatory optimism, with Senate Banking Chair Tim Scott saying the Digital Asset Market Clarity Act has a "really good shot" in September, ahead of a Sept. 15 cloture vote. Coinbase remains down 19.6% year-to-date and trades 50.9% below its 52-week high of $387.27.
Coinbase and Better Mortgage Launch First Token-Backed Conforming Mortgages
Coinbase Global and Better Mortgage have launched the first token-backed conforming mortgage product nationwide, with Better Mortgage originating and servicing the loans and Coinbase providing the digital-asset infrastructure. The product, structured to meet Fannie Mae guidelines, allows borrowers to pledge crypto assets as collateral, addressing a barrier for the 41% of Better Mortgage's pre-approved customers who lack cash for a down payment. The June waitlist represented over $260 million in projected loan volume, with 76% of respondents being Coinbase One members. For Coinbase, this expands crypto's use beyond trading, supporting its push to become an "everything exchange." Shares of COIN have lost 14.9% year-to-date, and the stock trades at a price-to-earnings ratio of 78.19, well above the industry average of 17.02.
Digital Finance & Tokenization › Digital Lending & Alt-Credit Platforms ▲Competition
COIN · Demand · Positive Coinbase provides digital-asset infrastructure for new mortgage product, expanding crypto use beyond trading and supporting its 'everything exchange' push.
BETR · Demand · Positive Better Mortgage launches first token-backed conforming mortgages, expanding its product offering and addressing down payment barrier for customers.
Vishal Garg offers to work for $1 a year to reclaim Better
Vishal Garg, the CEO who abruptly dismissed 900 employees via Zoom in December 2021, was himself abruptly fired this month by Better Home & Finance's board after the company suffered $1.5 billion in losses and a 90% stock price decline. Garg is now offering to work for $1 a year until the company turns a profit, and he wants five of eight board directors and his replacement CEO Daniel Lewis to step aside. He claims support from over 50% of voting shareholders and calls the board's allegations 'bubkus,' while the board has filed a complaint in the U.S. Southern District of New York accusing him of breaking securities laws with misleading statements. Better, which went public in 2023 with SoftBank backing, is now worth $300 million, a 96% drop from its peak.
Better Home & Finance misses adjusted EBITDA breakeven target, guides for Q3 loss
Better Home & Finance reported second-quarter 2026 results and provided third-quarter guidance that falls short of its previously stated goal of reaching adjusted EBITDA breakeven by September. Interim CEO Daniel Lewis said the company now expects to miss that target, citing a muted refinancing environment and uncertain timing of partnership launches. For Q3, Better guided for loan volume of $1.375 billion to $1.525 billion, total net revenues of $49 million to $52 million, and an adjusted EBITDA loss of $18 million to $15 million. The company also announced annual cost savings are now expected to exceed $45 million, well above the original target of $25 million. Q2 loan volume grew 38% year-over-year to $1.67 billion, and total net revenues increased 28% year-over-year to $54.7 million, while the adjusted EBITDA loss was $14 million, which included a one-time $6.5 million trade reserve release.
Holzer & Holzer Investigates Better Home & Finance Over Securities Law Compliance
Holzer & Holzer, LLC announced an investigation into whether Better Home & Finance Holding Company complied with federal securities laws. The investigation follows Better's May 7, 2026, first-quarter earnings release and second-quarter guidance, during which the CEO stated that expected funded loan volume of approximately $1.65 billion represented roughly 37% year-over-year growth, slower than originally anticipated, and that the company's $1 billion monthly funded volume target would likely be deferred. On this news, the company's stock price dropped. The law firm is encouraging investors who purchased Better stock and suffered a loss to contact Corey Holzer or Joshua Karr to discuss their legal rights.
Law Offices of Frank R. Cruz continues securities fraud investigation into Better Home & Finance
The Law Offices of Frank R. Cruz is continuing its investigation into Better Home & Finance Holding Company for possible violations of federal securities laws. The investigation follows a May 7, 2026 disclosure that the company's target of reaching $1.0 billion in monthly funded loan volume would likely be deferred, causing the stock to fall $12.17, or 28.5%, to close at $30.52 per share. Then on August 3, 2026, the company abruptly named Daniel Lewis interim CEO, succeeding founder Vishal Garg, and the stock fell an additional $9.98, or 36.56%, to close at $17.32 per share on August 4, 2026. Shareholders who lost money are urged to contact the firm to discuss potentially pursuing a claim to recover their losses.
BTIG initiates Better Home & Finance with Buy rating and $36 target
BTIG initiated coverage of Better Home & Finance Holding Co. with a Buy rating and a $36 price target, implying more than 32% upside from current levels. The firm highlighted the company's operational and technological positioning to expand through new strategic alliances, and believes the potential for growth outweighs risks from slower volume scaling. Better recently partnered with Coinbase to fund the first Fannie Mae-eligible Bitcoin-backed mortgage in the United States, with a nationwide launch planned by summer 2026. The product allows borrowers to collateralize Bitcoin and USDC without selling their holdings.
BETR · Capital · Positive BTIG initiated coverage with Buy rating and $36 price target, implying >32% upside.
COIN · Demand · Positive Better Home & Finance partnered with Coinbase to fund Bitcoin-backed mortgages, potentially driving demand for Coinbase's services.
BTC · Demand · Positive Bitcoin-backed mortgages allow borrowers to collateralize Bitcoin without selling, potentially reducing selling pressure.
USDC · Demand · Positive USD Coin is accepted as collateral in Bitcoin-backed mortgages, increasing its utility.
Insider Monkey Lists Five Best Small-Cap Financial Stocks to Buy Now
Insider Monkey has published its list of the five best small-cap financial stocks to buy now. Better Home & Finance Holding Co. received a Buy rating and $36 target from BTIG, implying over 32% upside, and partnered with Coinbase to fund the first Fannie Mae-eligible Bitcoin-backed mortgage. Gold.com Inc. holds unanimous Buy ratings with a median target of $67.25, offering nearly 58% upside, and Canaccord Genuity initiated coverage with a $70 target. Goosehead Insurance Inc. carries a moderately bullish consensus and an 82% upside potential based on a $64 median target, with UBS reiterating Buy at a reduced $67 target. AGI Inc. saw its subsidiary Agibank upgraded to 'AA.br' by Moody's Local following a stronger credit profile and a 30% year-over-year loan portfolio increase to R$35.5 billion. Strive Inc. leads the list with unanimous Buy ratings and over 94% upside to a $30 median target, having recently added 73 Bitcoin to its holdings, now totaling 19,105 BTC worth over $1.2 billion.
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