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Ishbia pledged UWM shares worth $4.6B to secure two loans prior to NBA deal

Mat Ishbia provided more than half of the mortgage company's outstanding shares as a guarantee to secure loans ahead of the acquisition of the Phoenix Suns

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Ishbia gets NBA blessing to buy the Phoenix Suns

Mat Ishbia, chairman and CEO of United Wholesale Mortgage (UWM), and his brother Justin, are buying 50% ownership of the franchises.

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Ishbia Brothers Acquiring NBA, WNBA Teams

Ishbia Brothers Acquiring NBA, WNBA Teams
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Owning the Phoenix Suns will not distract from UWM, Ishbia says

While the acquisition of the NBA and WNBA teams fulfills a lifelong dream, the head of the publicly traded wholesale mortgage company plans to remain in the Detroit area after the deal is completed.

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Family Behind UWM to Buy Phoenix Suns and Mercury

Deal that values Suns and Mercury at $4 billion sets the stage for nation's largest mortgage lenders, UWM and Rocket Mortgage, to be court rivals.

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