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

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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,

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.

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

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Meet the victims of Steve Mnuchin’s ‘foreclosure machine’. That makes up nearly 40 percent of all foreclosures on reverse mortgages in that time period even though it served just 17 percent of the market. The unit has caught the eye of the Department of Housing and Urban Development’s Office of Inspector General, which has launched an investigation into it.

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Similarly, foreclosure for not insuring the home can only occur with the approval of the Secretary. 18 October 2011 : Following an "alleged" gap in property insurance, the bank "force placed insurance" on the property using what they considered to be a "line of credit loan advance" in the amount of $1,883.30.

The Home Equity Theft Reporter: Florida U.S. Senate Candidate Linked To Alleged Straw Buyer Mortgage Scam That Left Banks, Taxpayers Holding The Bag On Nearly $34M Of Worthless Paper But now he’s caught up in an alleged scheme to scam Colombian drug traffickers out of as much as $2 million by claiming to be able to pay off U.S. justice officials to help their cases. Balagia has responded by casting doubt on the government’s motives and use of a longtime CIA operative and drug informant in his case.

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

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