Hedge fund manager Scott Bessent had been the betting favorite to take the reins at Treasury. Scott Turner, a former congressman and NFL player, will lead the housing agency.
https://www.nationalmortgagenews.com/news/bessent-to-be-treasury-nominee-trump-taps-turner-for-hud
Pros see longevity for residential transition loans
The industry's biggest opportunities involve the evolving cost of capital, which will shift...
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