By Hannah Lang (Reuters) - SoftBank-backed Better, the digital mortgage lender which hit the headlines in 2021 after laying off 900 employees on Zoom, ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Hannah Lang
The deal will provide Better with an infusion of $550 million from SoftBank which it will use to expand its mortgage product offerings in anticipation of a boom in demand for refinancings next year, when rates are expected to start falling, Better executives said. The SEC last year requested information on Garg's business transactions and allegations made in a lawsuit that Garg and Better provided misleading statements to investors about Better's financial prospects and performance.
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