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UWM Chairman and CEO Mat Ishbia to Buy NBA Team Phoenix Suns in $4bn Deal

Feb. 7, 2023 (Staff Writer)- Mat Ishbia, Chairman and CEO of mortgage lender United Wholesale Mortgage (UWM), received approval from the NBA Board of Governors to purchase a 57% share in the Phoenix Suns. Ishbia will be sharing ownership with his brother, Justin. Mat will serve as governor with Justin serving as alternate governor. Justin […]

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Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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