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  "documentTitle": "Better | Results Presentation Deck | 17 slides",
  "authorId": "better",
  "authorName": "Better",
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  "presentationDate": "2023-11-01 00:00:00",
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      "kind": "callout",
      "text": "If Better captures 1% of the incremental refinance volume in 2024 and 2025 at our current Gain on Sale Margin, that would represent an additional revenue opportunity of ~$103 million over next two years",
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      "text": "Single Family Mortgage Originations ($ billions)1 Purchase Refi 2017 $1,826 $1,177 $649 2018 $1,766 $1,234 $532 2019 $2,462 $1,326 $1,136 2020 $4,374 $1,572 $2,802 2021 $4,570 $1,900 $2,670 2022 $2,305 $1,619 $686 2023E $1,599 $1,317 $283 2024E $1,923 $1,456 $467 2025E $2,254 $1,639 $615 2026E $2,382 $1,747 $635",
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      "kind": "source-note",
      "text": "1. Source: Fannie Mae historical data 2017-2022; Average of MBA and Fannie Mae October 2023 Forecasts for 2023 and 2024; MBA October 2023 Forecast for 2025 and 2026",
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      "text": "We are hopefully at the bottom of this cycle MBA & Fannie forecasting refinance expected to nearly double by 2025",
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      "evidence": "If Better captures 1% of the incremental refinance volume in 2024 and 2025 at our current Gain on Sale Margin, that would represent an additional revenue opportunity of ~$103 million over next two years",
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      "evidence": "Mortgage process remains challenging for consumers and MBA & Fannie forecasting refinance expected to nearly double by 2025",
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