Better Home & Finance faces securities class action over $1 billion loan volume target

A securities class action has been filed against Better Home & Finance (BETR) covering investors who bought shares between March 13 and May 7, 2026. The lawsuit alleges the company falsely assured investors it was on track to reach $1 billion in monthly loan volume by May 2026 and that its growth was independent of macro conditions. On May 7, the company reported a 75% sequential net loss increase and cut its volume target by 45%, sending shares down 28%. The CEO was subsequently fired. Lead plaintiff deadline is November 20, 2026.