Mat Ishbia

“I think most people will put my basketball teams, the Suns and Mercury, at between an $8-and-$9 billion valuation right now, and I think that that's going to continue to grow,”

Mat Ishbia · said date not stated · reported 2026-10-16

Ishbia estimated the Suns and Mercury are now valued between $8 and $9 billion.

“We had a great third quarter,”

Mat Ishbia · said date not stated · reported 2026-10-16

Ishbia commented on UWM's upcoming third quarter earnings, saying he had already seen the numbers.

“If I can't impact it in a positive way, I'm not going to do it. So I'm not just making investments here and there.”

Mat Ishbia · said date not stated · reported 2026-10-16

Ishbia said he only engages with teams where he can have a positive impact.

“I'm not making investments in sports. I'm buying a team that I can impact and help win and help compete and do some cool things with the fans.”

Mat Ishbia · said date not stated · reported 2026-10-16

Ishbia explained he buys teams to impact winning rather than to make sports investments.

“We're not relying on only rates dropping. We do 60%-plus purchase business. The more purchase business you do is less reliant on rates. People aren't going to refinance when rates are 7% but they're still going to buy houses.”

Mat Ishbia · said date not stated · reported 2026-10-16

Ishbia explained UWM's business is not solely reliant on interest rates dropping.

“I'm very active in the Phoenix Suns and Phoenix Mercury at a high, high level right now, and I get very much in the weeds,”

Mat Ishbia · said date not stated · reported 2026-10-16

Ishbia described himself as extremely hands-on with both the Suns and the Mercury.

“I've got enough money in my bank account, and I have enough money in my business, outside of my mortgage business, outside of my basketball business, that I'm doing great.”

Mat Ishbia · said date not stated · reported 2026-10-16

Ishbia said he has sufficient personal wealth outside his mortgage and basketball businesses.

“I have different goals. Those guys are obviously doing great things. But my view is not to be some sports empire,”

Mat Ishbia · said date not stated · reported 2026-10-16

Ishbia told CNBC Sport he is not interested in building a sports empire unlike other billionaires who own multiple teams.

“We're the best mortgage company in the country, so we are the best,”

Mat Ishbia · said date not stated · reported 2026-10-16

Ishbia asserted UWM is the best mortgage company in the country.

“As in, we're going to make the playoffs. We're going to win the first playoff series.”

Mat Ishbia · said date not stated · reported 2026-10-16

Ishbia predicted the Suns will make the playoffs and win their first playoff series this season.

“You should be thinking that we're going to be better than we were last year,”

Mat Ishbia · said date not stated · reported 2026-10-16

Ishbia made concrete predictions about the Suns' upcoming season.

“I don't owe JPMorgan billions of dollars in loans,”

Mat Ishbia · said date not stated · reported 2026-10-16

Ishbia denied owing JPMorgan billions of dollars in loans, following an SEC filing about credit facilities.

“I don't believe in that whole, 'you win for a couple years and you're gonna tank.' That whole tanking thing is for losers. I don't believe in it. I'm never gonna be part of it. I'm glad the NBA got rid of that nonsense,”

Mat Ishbia · said date not stated · reported 2026-10-16

Ishbia said he opposes tanking and is glad the NBA changed draft rules to disincentivize purposeful losing.

“It’s silly. So here’s what I’ll tell you: I have Devin Booker in the prime. In order to win an NBA championship, you got to have a superstar. You got to have a great player.”

Mat Ishbia · said date not stated · reported 2025-07-10

Mat Ishbia dismissed rumors about potentially trading Devin Booker.