Better Home & Finance Holding Co. has appointed board member Daniel Lewis as interim CEO effective immediately, replacing founder Vishal Garg, the company announced Monday. Garg will remain on the company’s board and work with Lewis to ensure an orderly leadership transition. As interim CEO, Lewis will manage the organization, execute the board-approved operating plan […]

Home Equity Conversion Mortgage (HECM) endorsements declined in July after an uptick in June, while HECM Mortgage-Backed Securities (HMBS) issuance remained near the lowest levels seen since 2009, according to data released Monday by New View Advisors. The top 15 originators endorsed 2,034 HECM loans last month, down from 2,064 in June. Finance of America

Builders FirstSource’s acquisition of Innovative Construction Group (ICG) from PulteGroup signals that, while homebuilders see value in off-site construction, many prefer to rely on third-party manufacturers rather than own those operations themselves, especially during down cycles.  Builders FirstSource announced Monday that it will acquire ICG for an undisclosed price. ICG, which manufactures, sells and installs