United Holding Corp., the parent of United Wholesale Mortgage (UWM), raised the bar on 2026 revenue expectations, issuing guidance just days ahead of a shareholder vote from Two Harbors Investment Corp. on UWM’s proposed $1.3 billion all-stock acquisition. “Even without the Two Harbors transaction, we now expect our total revenue for the first quarter of […]
UWM raises revenue guidance ahead of Two Harbors vote Read More »
The legal dispute over ownership and transparency of the NBA‘s Phoenix Suns has apparently come to an end as the parties have executed a stipulation of dismissal in the Delaware Court of Chancery, formally ending the lawsuit without a judge deciding the merits. The filing, submitted Friday, stipulates that both parties will cover their own
Phoenix Suns ownership dispute involving UWM’s Ishbia resolved in court Read More »
Minority investors in the NBA‘s Phoenix Suns have filed a lawsuit against the team and its majority owner, Mat Ishbia. They allege being denied access to internal records, including those tied to the funding of a practice facility. The lawsuit, filed on Aug. 21 in the Delaware Court of Chancery, comes from Kisco WC Sports
UWM’s Mat Ishbia, Phoenix Suns sued by minority owners over records dispute Read More »
Bilt, which operates a loyalty program and credit card that converts rent payments into points, has secured a $250 million funding round led by General Catalyst and GID, with participation from United Wholesale Mortgage (UWM), the nation’s largest mortgage lender. The funding brings Bilt’s valuation to $10.75 billion and will fuel expansion across the broader
Bilt raises $250M to expand into mortgages, with backing from UWM Read More »
Private equity billionaire Justin Ishbia, the brother of United Wholesale Mortgage CEO Mat Ishbia, has reached an agreement to acquire the Chicago White Sox from longtime owner Jerry Reinsdorf, Sportico reported on Thursday. This would give the Ishbia family ownership of a second major professional sports franchise after Mat Ishbia acquired the Phoenix Suns and
Justin Ishbia strikes deal to buy Chicago White Sox Read More »
Mat Ishbia, the president and CEO of United Wholesale Mortgage (UWM), said last week he doesn’t think that releasing Fannie Mae and Freddie Mac from conservatorship is a major focus for the Trump administration — and he isn’t sure “whether it should be.” One thing he is confident about: If ending the conservatorship results in
Mat Ishbia: GSEs acting ‘private’ in conservatorship could be best of both worlds Read More »