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Mnuchin’s Foreclosure Crisis Track Record Is Disqualifying – Roosevelt Forward

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The bank run by President-elect Donald Trump’s nominee for Treasury secretary from 2009 to 2015 repeatedly broke California foreclosure laws during that time, a leaked memo alleges.

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Treasury Secretary Mnuchin is angry about an unflattering nickname he wholeheartedly deserves. "OneWest was notorious for its belligerence and for its cruelty," Warren said at the time, contending that OneWest, which was sold to CIT Group in 2015, gained a reputation as a "foreclosure machine.".

By David Dayen for The Intercept – ONEWEST BANK, WHICH Donald Trump’s nominee for treasury secretary, Steven Mnuchin, ran from 2009 to 2015, repeatedly broke California’s foreclosure laws during that period, according to a previously undisclosed 2013 memo from top prosecutors in the state attorney general’s office.

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Democrats never got the answers they wanted from Steven Mnuchin regarding foreclosures at his bank, OneWest, during his confirmation hearings. Now they’ll have a second chance, with President.

Mnuchin’s OneWest Eluded Most Penalties During Foreclosure Crisis. Homeowner advocacy groups such as the California Reinvestment Coalition repeatedly accused Mnuchin of running OneWest as a "foreclosure machine" for its actions during the foreclosure crisis, an allegation Mnuchin denied in his January 2017 confirmation hearings in Washington.

Steve Mnuchin’s Controversial History With the Foreclosure Crisis. Mnuchin, a goldman sachs veteran and former Hollywood producer, and a group of investors bought up the remains of the failed IndyMac Bank in 2009, renaming it OneWest Bank, during the financial crisis. Although he rebuilt the bank into a thriving operation,

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