US Mortgage Giant Secures $2 Billion Lifeline After Bad Trade, Mat Ishbia Brokers Oaktree Deal

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13 August 2026 at 12:58 am

US Mortgage Giant Secures $2 Billion Lifeline After Bad Trade, Mat Ishbia Brokers Oaktree Deal

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Summary

A bad trade led to a US mortgage giant requiring a $2 billion lifeline. Billionaire finance executive and Phoenix Suns owner Mat Ishbia secured a last-minute deal with Oaktree to provide this funding.

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