The Atlantic: Mnuchin’s Bank Was Reprimanded by the Same Department He May Lead

Wonder how much of the $380 million Mnuchin donated to US Sen. Chuck Schumer for starting the rumor that took down IndyMac Bank so Mnuchin and His pals (including George Soros) could buy it?

Livinglies's Weblog

Documents show that state prosecutors and Treasury Department regulators believed Steve Mnuchin’s bank was mishandling foreclosures at the height of the financial crisis.

Alexia Fernández Campbell

In 2011, at the peak of the housing crisis, regulators for the Treasury Department ordered Steve Mnuchin and directors at OneWest Bank in California to fix the bank’s questionable handling of home loans. In a consent order filed that year by the department’s Office of Thrift Supervision, regulators accused the bank of using “unsafe or unsound” methods for dealing with mortgage loans and foreclosures in 2009 and 2010. They found that bank employees and third-party providers lied in foreclosure paperwork filed in state and federal courts about information related to the ownership of many home loans, money due on the loans, and the fees chargeable to the borrower. They also accused employees of filing court documents with signatures that were not notarized…

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One thought on “The Atlantic: Mnuchin’s Bank Was Reprimanded by the Same Department He May Lead

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