mortgage

Housing winners and losers under President Trump

Winner: Mortgage lenders
Winner: Mortgage lenders | Serge Gorenko/Shutterstock.com

Winner: Mortgage lenders

"From a longer-term perspective, is it good for the mortgage business? Well, sure, we've got someone who had a mortgage company at one point," says Brian Koss, executive vice president of Mortgage Network. "So we know he'll be pro mortgage and pro real estate. Selfishly, that's good for the business."

It takes a direct question -- "Is Trump's victory favorable for the mortgage business?" -- to get this reply out of Koss, who seems reluctant to sound like he's taking sides politically. It's true that Trump founded a company called Trump Mortgage, which lasted about 18 months. He started it in 2006, which was terrible timing, and he didn't run it.

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