Loveen Advani, chief financial officer at Better, projected that the company will hit breakeven status by the third quarter of 2026, when looking at earnings before interest, taxes, depreciation and amortization.
The two biggest issues the MBA has with the bill in the Senate involve loan limits for FHA multifamily mortgages and provisions in an effort to limit institutional ownership of single-family properties.
There are indications that some Two Harbors shareholders will oppose the planned acquisition by United Wholesale Mortgage because it’s an all-stock deal and UWM’s stock is trading near the lowest level it’s been at since UWM became a publicly traded company in early 2021.