That may be a sigh of relief you are hearing from bankers and bank regulators.

Both could best be described as frenemies of the billionaire investor Wilbur Ross, who had been a possible pick for Treasury secretary. Instead, President-elect Donald Trump is reportedly poised to name Ross as its choice to lead the Commerce Department, a post that would have much less direct influence on banks, bank supervision and housing.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry