“I think a lot of companies bet late last year and early this year that rates would be materially lower by now than they are,” said Brian Hale, CEO and founder of Mortgage Advisory Partners.
Freddie Mac Multifamily hires; SpringEQ acquired by Cerberus Capital Management; NexTier Merges with Mars Bancorp; CoreLogic reports record low mortgage delinquencies.
While the lender has been losing money, officials at Better are optimistic that the capital infusion that accompanied its debut in the public market will lead to improved results.