jellies_two
Member
Mnuchin
according to:
http://www.dispatch.com/news/201701...misled-senate-on-foreclosures-ohio-cases-show
His bank robo-signed foreclosures, one woman, listed as an employee, signed 750 a week, shortening her name to go faster. In confirmation hearings he provided a written response to the question:
"Onewest bank did not Robo-sign documents"
His bank also had a shitty record on ARM mortgages and many loans went bust quickly after writing them, a signal standards were low. The Feds ended up owning a bunch of places as they underwrite the loans.
His written support comes from bankers who want him in to repeal Dodd/frank act.
(Robo-signing indicates foreclosure documents have not been read properly, meaning mistakes are made: the current owner of the mortgage may not be documented, the house may be lived in but listed vacant, a reneg on the mortgage loan may have not been offered. Etc, it can indicate abuse of the legal process).
This isn't a picture of the guy
I think he is the same guy who forgot to mention all his cayman island trusts and an extra 10m in assets. Because "the disclosure form is complex".
according to:
http://www.dispatch.com/news/201701...misled-senate-on-foreclosures-ohio-cases-show
His bank robo-signed foreclosures, one woman, listed as an employee, signed 750 a week, shortening her name to go faster. In confirmation hearings he provided a written response to the question:
"Onewest bank did not Robo-sign documents"
His bank also had a shitty record on ARM mortgages and many loans went bust quickly after writing them, a signal standards were low. The Feds ended up owning a bunch of places as they underwrite the loans.
His written support comes from bankers who want him in to repeal Dodd/frank act.
(Robo-signing indicates foreclosure documents have not been read properly, meaning mistakes are made: the current owner of the mortgage may not be documented, the house may be lived in but listed vacant, a reneg on the mortgage loan may have not been offered. Etc, it can indicate abuse of the legal process).
Grover Norquist, head of Americans for Tax Reform, released a statement supporting Mnuchin's nomination, in part because of his stated intention to roll back some of the Dodd-Frank legislation:
This isn't a picture of the guy
I think he is the same guy who forgot to mention all his cayman island trusts and an extra 10m in assets. Because "the disclosure form is complex".