How Freddie Mac is addressing affordable housing challenges

Freddie Mac created its Housing Solutions team in 2020 to reduce barriers to homeownership and provide solutions to some of the nation’s toughest housing challenges.

What is the next step for NAR?

In this Q&A, Senior Real Estate Reporter Matthew Blake gives us the inside scoop on what happened at NAR’s annual conference, including the latest on the DOJ investigation.

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

What’s next for the maligned real estate appraiser?

In this episode of Houses in Motion, a series that is part of the HousingWire Daily podcast lineup, St. Petersburg, Florida-based appraiser Francois “Frank” Gregoire discusses issues in the appraisal industry.


Better Mortgage launches in Texas

Online mortgage lender adds Texas as 14th market

Consumers in the Lone Star State can now turn to online lender Better Mortgage for their mortgage needs.

Better Mortgage, which launched in 2016, is now available in Texas.

The company expanded its base in 2017, most recently expanding to Florida in August. Texas is the company’s 14th market.

Better Mortgage is also licensed in Arizona, California, Colorado, Connecticut, Georgia, Illinois, North Carolina, New Jersey, Oregon, Pennsylvania, Washington, and Washington, D.C.

According to Better CEO Vishal Garg, adding Texas into the fold is a big move for the company.

“Bringing Better to Texas is a huge opportunity for us, but more importantly, its an opportunity for homeowners, or would-be homeowners, too,” Garg said.

“In markets like Austin and San Antonio where the housing market has been particularly hot, customers need more affordable financing options or risk spending more time throwing their money away on ballooning rents,” Garg added. “With the recent launch of the Better Offer, we’re empowering Texas homebuyers with more purchase certainty. We’re already helping customers win in similar markets such as Seattle and Denver.”

Earlier last year, Better Mortgage announced that it raised $15 million and planned to use the money to launch and expand Better’s home purchase finance product on the company’s website,

Initially, the company focused on the refinance market, but now the company also offers purchase mortgages.

The company is backed by Goldman Sachs, which invested in Better Mortgage on two separate occasions.

Goldman Sachs took part in Better Mortgage’s $15 million capital raise last year, and previously invested $30 million in the company, which was the first investment in a mortgage bank by a major Wall Street firm in almost 10 years.

Better Mortgage is also backed by Kleiner Perkins and Pine Brook.

And now that the company is operating in Texas, Better Mortgage says that it expects to continue expanding throughout 2018 as well.

Most Popular Articles

Will Omicron variant stop first Fed rate hike?

What does news about the spread of the new Omicron variant mean for mortgage rates? Lead Analyst Logan Mohtashami lays out what to watch.

Nov 26, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please