In a political landscape that has become surprisingly unpredictable, the mortgage and real estate finance industry finds itself navigating uncharted waters. As a new administration takes the helm, industry leaders and political analysts are scrambling to decipher the implications of a dramatic power shift that has left many long-held assumptions in tatters.

“We’re now living in a Republican trifecta, and we need to be prepared for any outcome,” declared Bill Killmer, senior vice president of legislative and political affairs at the Mortgage Bankers Association (MBA). This stark assessment set the tone for a discussion at the recent MBA CREF 2025 event, where industry insiders grappled with the realities of a political upheaval that few had anticipated.


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