Michigan State Walk-On Becomes Billionaire by Making Mortgages

Bloomberg, Sept. 23, 2020–By Shahien Nasiripour, Crystal Tse, Tom Maloney
Mat Ishbia, a former college basketball player who’s now the chief executive officer of United Wholesale Mortgage, is set to become a billionaire after the lender his father founded said it would go public in a deal that values the business at $16 billion.