In the first paragraph of the new 8-K, AAC told its shareholders Better founder and CEO Vishal Garg is presently taking a “break to reflect and refocus”...

Also, several shops are aggressively marketing to their servicing customers, pitching cash-out refis.

David Stevens, a former FHA commissioner, and an advisor to the Biden presidential campaign, said he was delighted with the nomination.

The memo also reveals the board has hired an independent third-party firm to “do a leadership and cultural assessment” of the originator.

A public company, Aurora, meanwhile, filed no notice with the SEC on Garg’s departure.

Regarding the apology, one human resources executive said Garg’s new email is “too little, too late. I think Garg now realizes he made a tragic mistake.”

Better.com still hopes to go public via a special purpose acquisition company maneuver...

MBA says the system issues have caused significant delays and imposed costs on state-licensed companies.

Montgomery waited almost seven months for a vote to become FHA commissioner in the Trump administration, even though he had held the job previously...

The loan brokerage sector fared a bit better with layoffs of just 200 workers...