Snapshot from Aug 24, 2026 at 07:00 UTC. For live data and tracking: View Live
Entities / Mat Ishbia / CrossCountry
business rival Processed

Mat Ishbia & CrossCountry

1 shared events · Importance 3 · Last updated Aug 21, 2026

Importance
3
Shared Events
1
Actions
0
Sentiment
0
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Relationship Summary

Mat Ishbia, as CEO of United Wholesale Mortgage, was a direct business rival to CrossCountry Mortgage during the contentious bidding war for Two Harbors, which CrossCountry ultimately won, leading to UWM's merger termination and subsequent financial and legal challenges.

Shared Events (1)
63
Regulatory
UWM Holdings Securities Fraud Class Action
Mat Ishbia: As CEO, Mat Ishbia admitted on the earnings call that UWM was 'over-hedged' and that the company does not traditionally hedge its MSRs, providing key admissions that form the basis of the securities fraud allegations.
CrossCountry: CrossCountry's competing cash offer caused Two Harbors to terminate its deal with UWM, indirectly leading to UWM's hedging loss and subsequent legal troubles.
Aug 10, 2026 · 91 articles
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