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AURC (Aurora Acquisition Corp.) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
Online mortgage firm Better has partnered with OpenAI to launch a ChatGPT app that can cut mortgage underwriting from about 21 days to as little as 47 seconds, CNBC has learned. The tool combines Better's mortgage engine with OpenAI's models to automate dozens of underwriting checks for loan officers at banks, brokers and fintech firms.
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. Better.com finally went public last week, and the stock's performance was worse than expected.
Sometimes things go better, sometimes things go worse. Other times a mortgage lender goes public just as new American mortgage applications slump to the lowest level in 28 years.
In today's market, the company feeling considerable heat today is Better Home (NASDAQ:BETR), also known as Better.com. At the time of writing, BETR stock has plunged more than 93% from yesterday's close.
Shares of Better.com are getting hammered into the ground Thursday morning after the digital mortgage company completed its long-delayed SPAC merger and began to trade as a public company for the first time. When Better first announced plans to go public in 2021 at a $7.7 billion valuation, it was a different time.
Shares of mortgage lender Better Home & Finance Holding Co. BETR, -94.90% fell flat in the company's public debut, falling 93% in morning action Thursday on their first day of trading since the completion of Better's merger with a special-purpose acquisition company. The company announced Wednesday that its previously disclosed merger with Aurora Acquisition Corp. had been completed.
Mortgage demand isn't what it used to be: Both home purchase and refinance application volume have dropped below their booming levels in 2020 and 2021.
A company that gained notoriety when the CEO canned 900 staff via Zoom is seeking a stock market listing. Online mortgage originator Better.Com is planning to go public via Aurora Acquisition Corp, a SPAC (special-purpose acquisition company).