The Latest Breaking News from Mat Ishbia

United Wholesale Mortgage Holdings Corp. on Tuesday said net income dropped 47% year-over-year in the first three months of 2022 as interest rates increased and housing inventory remains constrained.

The housing and mortgage world witnessed rising rates, an upswing in application levels, and public feud between two major lenders.

Compared to other sectors of the wider economy, the housing and mortgage industries have traditionally been slower to embrace cutting-edge technologies and digital solutions. A myriad of reasons explain this pokey response to evolving change, ranging from the sector’s conservative risk tolerance to a lack of standardization in many evolving technologies.

An investment group of three men -- Alec Gores, Dean Metropoulos and Mat Ishbia -- plan to bid to buy the Broncos, according to the Los Angeles Times.