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Treasury yields rose the day after President-elect Donald Trump was picked. The short-term result: It's harder for commercial real estate lenders and borrowers to find common ground.

The Federal Reserve chair said there are no economic indicators calling for rapid rate cuts. He also addressed Fed independence, the impact of Trump's economic agenda and more.

Rep. Matt Gaetz, R-Fla., whose chances of getting confirmed as attorney general are unclear in the wake of allegations of sex trafficking and a House ethics probe against him, cuts a more populist profile than many expected from a Republican president.

The rise of private credit has had a surprising side effect: it's made borrowing cheaper for companies in other high-yield markets, and has probably made a key barometer of credit risk less accurate.

The new president of Movement Mortgage previously held senior positions at Stearns Lending, Caliber Home Loans, Bank of America and Countrywide.

The Treasury's financial crimes arm alerted banks to the dangers of AI-powered fraud, urging close monitoring and swift reporting of any suspicious activity.

Mortgage rates have stopped the run of increases following the September Fed meeting but consumers are not likely to notice.

Lower rates during the period helped independent mortgage bankers make money on their originations but they posted losses on servicing.

In a speech, Federal Reserve Gov. Adriana Kugler said sound monetary policy comes when electoral politics are kept out of central banking.

The incoming Trump administration is expected to prioritize an activities-based oversight approach to nonbank entities, just as the Biden administration has. It may also leave its designation power intact, but unused.