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Senate Democrats miss the mark calling Trump Treasury pick “foreclosure king”

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Senate Democrats miss the mark calling Trump Treasury pick “foreclosure king”

Senate Democrats miss the mark calling Trump Treasury pick “foreclosure king”*/

– Senate Democrats made it clear they are not big fans of Steve Mnuchin, a former executive at Goldman Sachs, the former chairman of OneWest Bank, and President-elect Donald Trump’s choice to lead the Department of the Treasury.As HousingWire reporter Ben Lane reported, it appears that the Democrats will seek to use Mnuchin’s time at OneWest as part of their case against approving him as Treasury secretary, calling Mnuchin the “foreclosure king” and asking people who may have been “impacted” by OneWest’s practices to share their stories.For those who need reminding, OneWest was formed in the remains of IndyMac, and it is that activity that helped Trump in his decision.

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Trump Treasury pick Steven Mnuchin’s former bank accused of ‘widespread misconduct’

Trump Treasury pick Steven Mnuchin's former bank accused of 'widespread misconduct'*/

– California investigators found repeated violations of foreclosure laws at OneWest when the bank was being run by President-elect Donald Trump’s Treasury secretary pick Steven Mnuchin, according to a memo obtained by The Intercept.A spokesman for Mnuchin called the report “garbage.”During 2009 to 2015, when Mnuchin headed the bank, investigators “uncovered evidence suggestive of widespread misconduct,” according to the 2013 memo from then-California Attorney General Kamala Harris’ office.

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Memo alleges Trump Treasury nominee Steve Mnuchin’s old bank illegally evicted homeowners

Memo alleges Trump Treasury nominee Steve Mnuchin's old bank illegally evicted homeowners*/

– A newly leaked memo suggests a bank formerly run by Steve Mnuchin — President-elect Donald Trump’s pick for Treasury secretary — may have broken California foreclosure laws under his stewardship, according to a Tuesday report from the Intercept.The 2013 prosecutorial memo alleges that the bank, OneWest, “rushed delinquent homeowners out of their homes by violating notice and waiting period statutes, illegally backdated key documents, and effectively gamed foreclosure auctions” between 2009 and 2015, the Intercept reported.Mnuchin, who chaired Trump’s national finance committee during the 2016 campaign, was already a controversial pick to head Treasury.

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