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 Trump's nomination of former OneWest CEO Joseph Otting to be comptroller of the currency. Foreclosure News
A bank founded by Steven Mnuchin, President Donald Trump's nominee for treasury secretary, engaged in ethically questionable foreclosure practices in Washington state, including so-called “robosigning” of documents. OneWest Bank employees robosigned numerous foreclosure-related filings in the Seattle area, documents show. Foreclosure News
Sen. Orrin Hatch says no, that the man nominated by President Donald Trump to be treasury secretary told the truth when he asserted that his former company, OneWest, had not engaged in the practice of “robo-signing” mortgage documents. That's despite dozens of court cases uncovered by The Dispatch that showed OneWest officials' robo-signatures, along with […]
The recent hearing on the nomination of Steven Mnuchin for secretary of the Treasury Department revealed a man unable or unwilling to provide many additional facts about his controversial history running OneWest Bank. Mnuchin said in his Senate confirmation hearing that he was proud of his work, but the facts show there's little to admire […]
Former Goldman Sachs executive Steven Mnuchin will also have his confirmation hearing for treasury secretary today. Mnuchin has faced criticism for his role at OneWest, a bank which has been called a “foreclosure machine” that profited from the collapse of the housing market. Foreclosure News
A bank run by Steven Mnuchin, President-Elect Donald Trump's pick to be Treasury secretary, may have engaged in “widespread misconduct” while foreclosing on homeowners, according to a leaked 2013 memo written by lawyers in the California attorney general's office. The memo urged top officials in then-Attorney General Kamala Harris's office to sue OneWest Bank over […]
When Donald Trump announced his choice for Treasury secretary last month, he called Steven Mnuchin a “world-class financier,” citing business successes like his profitable turnaround of a California bank. But soon after Mnuchin sold OneWest Bank last year, problems emerged that may tarnish his record there. Foreclosure News