In 2022, Mat Ishbia purchased the Phoenix Suns in a deal valued at $4 billion.
Now, the mortgage company that built his wealth is facing a lawsuit alleging predatory practices.
The roughly 650-page lawsuit brought by Ohio's attorney general against Ishbia’s Michigan-based United Wholesale Mortgage demands a jury trial.
The company is accused of predatory acts by falsely claiming that brokers are independent and hunt for the best deals from different lenders to save homebuyers money.
Instead, the AG says United Wholesale Mortgage colludes with brokers to funnel most loans back to itself with above-market rates and fees.
The company calls the lawsuit a publicity stunt by the attorney general that essentially repeats frivolous claims from another case.
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Maricopa County has seen historically high numbers of eviction filings over the past few years. Now the county is launching a new pilot program to assist vulnerable renters. -
State gaming officials say the roughly $664 million bet this June was a 22% increase from the same month last year. -
The Arizona Diamondbacks have placed All-Star second baseman Ketel Marte on the restricted list after he went AWOL for the second straight season. -
The vote now happening is in a right-to-work state where employees cannot be forced to join a union or pay dues. If successful, the next step would be to negotiate a labor contract. -
The agreement was signed by U.S. Army Secretary Doug Driscoll on a visit to Mexico.
