Treasury must provide Congress with Trump’s tax returns, Justice Department says in legal opinion
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As 10 year Treasury yields spike, local mortgage rates will matter more
Government bond market fluctuations have renewed concerns about rising mortgage rates and may prompt borrowers to take more notice of what mortgage lenders are charging on a local level. The yield on the 10-year Treasury bond – which serves as the benchmark for mortgage interest rates – is nearing 3% for the first time since […]
Treasury Secretary Mnuchin: Do not call me the ‘foreclosure king’
Democrats and housing advocates bestowed the title on Mnuchin after he was named by President Trump to serve as Treasury Secretary. They accused Mnuchin of having profited from the 2008 financial crisis by foreclosing on thousands of distressed homeowners while he was owner of housing lender IndyMac, which later was renamed OneWest. Foreclosure News
ExxonMobil fined $2M for Russia deals under Tillerson; oil giant sues US Treasury in repsonse
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Bank previously run by Trump’s treasury secretary pays big fine for defrauding the government
Steve Mnuchin oversaw OneWest during the time that the government said it got FHA money it didn't qualify for. The reverse mortgage subsidiary of OneWest, the bank founded and formerly run by Treasury Secretary Steve Mnuchin that was later bought by CIT Group, agreed to an $ 89 million settlement with the United States on […]
Treasury Secretary Steven Mnuchin seeks dismissal of fraud case against him
Treasury Secretary Steven Mnuchin asks New York court to dismiss multi-million dollar fraud case. The Trump administration's top economic official says the movie firm accusing him has “no legitimate claim.” Foreclosure News
Trump is considering adding 2 executives from Treasury secretary’s…
President Donald Trump is considering adding two former employees of controversial mortgage lender OneWest to his administration, according to reports from the Wall Street Journal and CNBC. OneWest, which was purchased under the name IndyMac by Treasury Secretary Steven Mnuchin's investment firm, has been criticized by Democrats and advocacy groups for aggressive foreclosure processes following […]
Senate confirms former banker Mnuchin as Treasury secretary
A bitterly divided Senate on Monday confirmed Steven Mnuchin as treasury secretary despite strong objections by Democrats that the former banker ran a “foreclosure machine” when he headed OneWest Bank. Mnuchin was sworn in Monday night in the Oval Office, where President Donald Trump said Americans should know that “our nation's financial system is truly […]
Senate poised to confirm Trump’s pick to head Treasury
By STEPHEN OHLEMACHER Associated Press WASHINGTON – President Donald Trump's pick for Treasury secretary is headed toward confirmation by the Senate Monday despite complaints by Democrats that Steven Mnuchin ran a “foreclosure machine” when he headed OneWest Bank. Votes on Trump's Cabinet picks have exposed deep partisan divisions in the Republican-controlled Senate, with many of […]
Elizabeth Warren Tells Senators A Liar Shouldn’t Be Treasury Secretary
Sens. Elizabeth Warren and Sherrod Brown offered Republicans the simplest of reasons to vote against Treasury Secretary nominee Steve Mnuchin on Friday – he lied. The senators were referring to written testimony Mnuchin offered about his days leading OneWest, a bank he created that used such aggressive tactics against homeowners it was dubbed a “foreclosure […]