Better Home & Finance Amends $175M Credit Facility
Better Home & Finance announced the amendment and renewal of a $175M warehouse credit facility with a global banking institution. The amended facility features reduced cash deposit requirements, expanded leverage capacity, and higher advance rates on certain non-GSE loans, materially reducing ongoing equity capital requirements. In addition, Better.com reaffirmed its previously disclosed guidance, given in November 2025, that monthly origination volumes are expected to exceed $1B by May, representing an increase of more than 100% compared to the company's average monthly origination volume of approximately $400M for the quarter ended September 30, 2025. The company also reaffirmed its expectation of achieving adjusted EBITDA profitability by the end of the third quarter of 2026.
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- Active Options Trading: Argan Inc's options volume today reached 1,601 contracts, equivalent to approximately 160,100 shares, indicating a trading activity level of 60.1% of its average daily volume over the past month, which may reflect market interest in its future performance.
- High Strike Call Options: The $370 strike call option has shown particularly high volume today, with 109 contracts traded, representing about 10,900 shares, suggesting that investors are optimistic about the stock's potential for future gains.
- Better Home & Finance Options Activity: In parallel, Better Home & Finance Holding Co saw options trading volume of 2,762 contracts, equivalent to approximately 276,200 shares, indicating a trading activity level of 59.1% of its average daily volume over the past month, reflecting market interest in the company.
- Bullish Options Trend: In BETR's trading, the $90 strike call option stands out with a volume of 1,202 contracts traded today, representing about 120,200 shares, demonstrating investor confidence in its future performance.
- Stock Surge: Robinhood Markets saw its share price soar from $40 to $153.86 in 2025, nearly tripling, driven by its expansion into cryptocurrency and financial services, although recent declines in trading volumes may impact future performance.
- Market Performance: Better Home & Finance emerged as the best-performing U.S.-listed financial stock in 2025, with a 265% increase to $39.87, fueled by its shift towards AI and bullish endorsements from notable fund managers, yet its future growth prospects remain uncertain.
- M&A Activity: Forge Global's shares rose nearly 219% in 2025, primarily due to Charles Schwab's acquisition plan at $45 per share, totaling $660 million, although future growth opportunities appear limited, this could inspire similar M&A transactions in the sector.
- Market Expectations: With a market cap of $104 billion, Robinhood's current trading price is $115.27, and while high growth expectations are still baked into its valuation, a continued decline in trading volumes could lead to further price corrections.
- Stock Surge: Better Home & Finance's stock soared 265% last year, making it the best-performing U.S.-listed financial stock, primarily driven by significant advancements in AI and heightened market speculation.
- Uncertain Market Outlook: Despite the substantial stock increase, the lack of a rapid housing market recovery raises doubts about the potential for further catalysts, which could impact investor confidence moving forward.
- Acquisition Dynamics: Forge Global's stock rose nearly 219% last year, largely due to Charles Schwab's announcement to acquire the company for $45 per share in a $660 million all-cash deal, indicating large brokerages' interest in the private markets.
- Volume Concerns: Robinhood Markets finished the year up nearly 185%, but declining trading volumes in stocks and cryptocurrencies raise uncertainties about future growth, potentially leading to further stock corrections.
- Executive Appointment: Better has appointed Barry Feierstein as Chief Operating Officer to oversee core corporate operations, aiming to enhance organizational efficiency and drive the execution of strategic plans for 2026.
- Extensive Experience: Feierstein brings over 30 years of industry experience, having held executive roles in various finance and education companies, which is expected to provide crucial support for Better's rapid expansion.
- Strategic Alignment: The new COO will work closely with the executive team to ensure the company achieves long-term growth on its AI-powered home finance platform, enhancing its competitive position in the market.
- Industry Recognition: Since 2016, Better has funded over $100 billion in loans and has received multiple industry awards for its innovative digital mortgage solutions, further solidifying its market leadership.

Russell 2000 Performance: The Russell 2000 index is poised to be a top performer as the Federal Reserve's interest rate cuts benefit small-cap stocks, with a year-to-date increase of 16% and a historically strong period approaching.
Top Performing Stocks: Notable stocks in the Russell 2000 include Celcuity, Better Home & Finance, and Cogent Biosciences, each showing significant year-to-date gains, although they face challenges regarding profitability and analyst coverage.
Investment Risks: While some stocks have shown impressive returns, caution is advised as many are not yet profitable, and investors should monitor earnings estimates and Zacks Rank for better buying opportunities.
AI Investment Outlook: The next phase of AI development is expected to create substantial wealth, with a shift towards new companies poised for growth, suggesting that early investors in this sector may see significant returns.
Eric Jackson's New Investment Pick: Eric Jackson, known for his successful investment in Opendoor Technologies, has identified Nextdoor Holdings as his next high-potential stock, labeling it the "most mispriced Agentic-AI platform of the 2020s," which has led to a significant increase in its stock price.
Thesis on Nextdoor's Value: Jackson argues that Nextdoor possesses a unique "identity graph" that connects verified users to physical addresses, making it a valuable asset in the emerging AI landscape, with potential stock value estimates reaching upwards of $370.
Speculative Nature and Risks: Despite the excitement surrounding Nextdoor, the stock remains speculative, with only one analyst covering it and concerns about the company's ability to monetize its user base effectively, as it has never reported a profitable quarter.
Current Stock Performance: As of the latest report, Nextdoor's stock was trading at approximately $3.15, reflecting a 24.51% increase, although it faces challenges in transitioning from a neighborhood app to a key player in the AI economy.









