"We have retained a dedicated team of experienced advisors to assist us with this matter, allowing our leadership team and employees to remain focused on our key operational objectives," Daniel Lewis, interim CEO of Better Home & Finance, wrote to employees amid a battle for leadership of the company.

SPS retained pole position in the second quarter despite a 6.8% drop on a quarterly basis.

Cost-cutting measures helped reduce operating expenses by 24.9% from the first to the second quarter of this year.

Mark Acosta, chief servicing officer at Pennymac, said the nonbank’s proprietary servicing platform allowed the lender to implement the partial claim option quickly.

Beeline noted that it is actively repositioning its product mix to focus on non-QM production.

“It is time for Better to move forward with new leadership," Better's board said.

MGIC had $17.75 billion in new insurance written in the second quarter, a 23.0% increase from the first quarter.

FHA mortgages continued to show the worst performance.

Better’s board responded with a statement suggesting that Garg may have violated securities laws.

While the GSEs announced the end of the programs last week, the last single-family green MBS issuance by either GSE was in June 2025.