Presently there are two mortgage-related SPACs that are in progress: Better.com (a lender) and Southport Acquisition Corp., the latter of which is looking for plays in the software arena.
In the first paragraph of the new 8-K, AAC told its shareholders Better founder and CEO Vishal Garg is presently taking a “break to reflect and refocus”...
Meanwhile, David Fleig, president of MorVest Capital, was reporting “very strong” interest in MSR financing on the part of independent mortgage bankers.