US Senate Request-Form for Complaints re “Foreclosure King” Steve Mnuchin – Trump’s Sec. of Treasury Pick (Financial Freedom-OneWest)

24 12 2016



Mining Awareness +

From the US Senate:
US Senate Dems Mnuchin The Foreclosure King
On November 30th, 2016, President-elect Trump named Steve Mnuchin to be the United States Treasury Secretary.

Also known as the “Foreclosure King,” Mnuchin earned the nickname for his bank’s practice of buying distressed mortgages during the financial crisis and evicting thousands of homeowners.

As the Chief Executive Officer and owner of OneWest Bank, Mnuchin oversaw what housing advocates called a “Foreclosure Machine.”

How did the “Foreclosure Machine” work?

The “Foreclosure Machine” repossessed the homes of tens of thousands of American families between 2009 and 2015. These actions only intensified the economic pain of the Great Recession.

Programs were created and available specifically to help banks like OneWest work with families to modify their mortgages and keep them in their homes.

Instead, OneWest pursued an aggressive strategy of foreclosing on families to rack up profits. In one case in Minnesota, a homeowner in a foreclosure dispute…

View original post 259 more words




5 responses

24 12 2016

You topped their visuals! I thought their visual of the foreclosure king couldn’t be topped but you did it with the Grinch!

24 12 2016

People need to circulate and share so that there can be many examples read during the hearings. Many thanks!

24 12 2016

I will add that thought

24 12 2016

can you check spelling of his name in my headline? Looks wrong.

24 12 2016

Your spelling is right. His name looks wrong.

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