Former top executive withdraws lawsuit against Better.com and its founder

A former top executive at Better.com has voluntarily dismissed with prejudice a lawsuit filed about two years ago against the company and its leadership, including founder Vishal Garg, that accuses the defendants of violating labor and securities laws when pursuing the firm’s goal to go public. Atto
Read MoreIn Q1 earnings, Longbridge parent expects reverse mortgage market to improve

Ellington Financial, the parent company of top-five reverse mortgage lender and servicer Longbridge Financial, reported that its reverse mortgage segment’s adjusted distributable earnings were lower in the first quarter of 2024 than they were in the previous quarter.Projections of loan originations
Read MoreJudge denies Batton plaintiffs’ request to block settlement agreement’s final hearing

A court has denied the Batton 1 plaintiffs’ last-minute attempt to block Thursday’s final approval hearing for the commission lawsuit settlement agreements from occurring.Earlier on Wednesday, the homebuyer plaintiffs in the Batton 1 commission lawsuit, filed in Chicago in January 2021, filed a moti
Read MoreFannie Mae adds web-based income calculator for mortgage originators

Fannie Mae announced on Wednesday the availability of a new web-based option for its income calculator tool, which is designed to “help mortgage professionals serve the growing number of mortgage applicants in the U.S. who are self-employed and don’t have traditional sources of income,” according to
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