Better Home & Finance Holding Company operates as a U.S.-based enterprise dedicated to various facets of homeownership. The company provides a comprehensive suite of mortgage products, including Government-Sponsored Enterprise (GSE) conforming loans, FHA-insured loans, VA-guaranteed loans, and jumbo loans. These lending solutions are offered to a diverse client base that encompasses GSEs, banks, insurance providers, asset managers, and mortgage real estate investment trusts. Additionally, its service portfolio extends to real estate agency, title insurance, settlement coordination, and homeowners' insurance. Formerly known as Better Mortgage Corporation, the company officially rebranded to Better Home & Finance Holding Company in August 2023. Its corporate headquarters are located in New York, New York.
Better Home & Finance Holding Company Adopts Limited-Duration Shareholder Rights Plan
Better Home & Finance adopted a limited-duration shareholder rights plan to protect public shareholders from former CEO Vishal Garg, who the board alleges is attempting to seize control without paying a control premium or fully disclosing his plans.
The Rights Plan is effective immediately with a record date of August 31, 2026, and will expire at the Company's 2027 Annual Meeting of Stockholders unless redeemed earlier.
Rights become exercisable if a person acquires 15% or more of the Company's stock, allowing other shareholders (excluding the acquirer) to purchase shares at a substantial discount to dilute the triggering party.