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Better Home & Finance faces securities class action over loan volume guidance
The lawsuit seeks to represent investors who bought Better securities between March 13 and May 7, 2026, alleging the company hid a slowdown in its loan conversion funnel tied to macro factors.
HousingWire reports that a federal securities class action has been filed against Better Home & Finance and executives, including founder and former CEO Vishal Garg and CFO Loveen Advani, in the Southern District of New York. The complaint was submitted by shareholder Richard Gastwirt and targets statements made around Better’s first-quarter results and its public guidance for reaching $1 billion in monthly funded loan volume.
The lawsuit alleges Better overstated its ability to achieve the $1 billion monthly target and misled investors about how resilient its business was to macroeconomic conditions. It contends the company faced a slowing conversion funnel tied to macro factors, while failing to disclose those adverse developments.
According to the complaint, it is based on a review of Better’s regulatory filings, press releases, and media reports, and it proposes a class of investors who purchased Better securities between March 13 and May 7, 2026. HousingWire also notes that Better and Garg did not immediately respond to a request for comment.