For most of the mortgage industry, the last 12 months have been exceptionally rough.
Interest rates have been up, business and profits have been way down.
Yet for Mat Ishbia, 43, the chief executive of Pontiac, Michigan-based United Wholesale Mortgage, who, with his brother, Justin Ishbia, recently bought the NBA’s Phoenix Suns and the WNBA’s Phoenix Mercury teams, the last 12 months have been phenomenal.
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